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Faced with no other choice, the US Federal Reserve is expected to implement stronger measures to tackle inflation.  New Fed Chair, Jerome Powell, takes his seat with high inflation affecting the US economy. Consumer prices in the world’...

Asian stocks limped along in weak trading, fueled by fears over the Omicron variant. Meanwhile edgy investors, expecting a raft of central bank decisions this week, held back on trading. Hong Kong's Hang Seng Index slid by 1%, South Korea'...

Binance, the world’s largest cryptocurrency exchange, has ended its year-long attempt to set up a bourse in Singapore.  The Singapore arm of Binance, set up as a fiat-to-crypto trading platform, will wind down operations and close by Fe...

The CEOs of six major cryptocurrency companies appeared at a hearing before the House Financial Services Committee in the US Congress this week.  Crypto chiefs from FTX, Bitfury, Coinbase and others gave testimony to members of Congress durin...

Key currencies continued to trade cautiously as markets tried to figure out how the Omicron COVID variant would affect monetary policy.  The Australian dollar was steady at $0.7171, having made gains this week as investors looked towards risk...

US consumers struggling under the twin challenges of high inflation and elevated consumer prices are finally seeing some relief as the price of oil and natural gas comes down. The US national average price for a gallon of gas toppled to $3.35, a p...

Cayman Islands headquartered crypto exchange Bitmart confirmed overnight that hackers stole at least $150 million from its platform. In a memo to customers, the crypto exchange said that assets were taken from two “hot wallets,” one ho...

Bitcoin plummeted to a low of about $43,000 over the weekend. As recently as October, the world’s biggest cryptocurrency was trading at almost $69,000, with some analysts hoping it could breach $100,000 in the near future. This weekend&rsquo...

The ongoing worldwide shortage of computer chips is slowing the supply of everything from new coffee machines to electric cars. Driven by COVID-related supply chain issues in Asia, computer chips are in short supply. This has heavily impacted the...

The Organization of the Petroleum Exporting Countries (OPEC) is expected to conduct its annual strategy meeting this week confident in its increasing short-term influence.  As recently as 2019, the US became a net exporter of energy for the f...

Investors breathed a sigh of relief after news emerged that the Omicron variant is not as dangerous as first feared.  The US Dollar climbed to 113.89 against the Japanese Yen after Monday's two week low of 112.97. The Dollar Index, which...

Global stocks fell on Friday on the back of fears that a new infectious strain of COVID-19 could cause renewed restrictions. The Dow faced its worst trading day in a year, with global oil prices also taking a hit. The emergence of a new COVID-19 v...

High inflation in the US shows no sign of slowing, especially in the short term. The US Fed understands this, as confirmed in notes released this week from its most recent meeting. Fed officials are bracing for elevated levels of inflation to rema...

The US is on the verge of selling crude oil to the OPEC market from its emergency stockpile as part of a plan to slow soaring energy prices. Known as an oil “swap,” the US Strategic Petroleum Reserve (SPR) will release an unconfirmed q...

There is apprehension in global markets as a combination of factors place strain on key world economies.  Countries the world over are facing a cost-of-living squeeze amid surging gas prices and supply bottlenecks. In China, persistent high i...