Major cryptocurrency exchange Binance said on Wednesday that sterling withdrawals from its platform had been reactivated, with users also able to buy digital coins with debit and credit cards. Binance customers said on Tuesday they were unable to deposit or withdraw sterling from the platform, days after regulators in Britain Continue Reading

Asymmetric QE response function nudges us towards that fiscal danger zone Adds to concerns about the erosion of monetary policy independence This is the most dangerous moment inflation-targeting has so far faced Expects UK inflation to be nearer to 4% than 3% Policy may see a ‘Minsky moment’, a taper Continue Reading

U.S. President Joe Biden will visit Wisconsin on Tuesday to drum up support for a $1.2 trillion infrastructure package hammered out by a bipartisan group of legislators but still in need of wide support in Congress to become reality. Biden will speak at a public transit facility in La Crosse, Continue Reading

Oil prices dropped for a second day on Tuesday on worries about slower fuel demand growth as outbreaks of the highly contagious COVID-19 variant Delta sparked new mobility restrictions around the world. Brent crude futures fell 35 cents, or 0.5%, to $74.33 a barrel by 0706 GMT, after slumping 2% on Continue Reading

Australia lowered its projections on Sunday for population and economic growth over the next 40 years due to the impact of the COVID-19 pandemic. Canberra closed its international borders in March 2020 to all but citizens and permanent residents in an attempt to prevent the spread of the virus. The Continue Reading

Britain’s financial regulator has ordered Binance, one of the world’s largest cryptocurrency exchanges, to stop all regulated activity and issued a warning to consumers about the platform which is coming under growing scrutiny globally. In a notice dated June 25, the Financial Conduct Authority (FCA) said Binance Markets Ltd, Binance’s Continue Reading

Chinese regulators said on Saturday Tesla Inc would ‘recall’ nearly 300,000 China-made and imported Model 3 and Model Y cars for an online software update related to assisted driving, with owners not required to return their vehicles. The State Administration for Market Regulation said on its website that the move is Continue Reading

* Summer driving season underpins market recovery * U.S. infrastructure bill brightens demand outlook -analysts * OPEC+ meeting on July 1, seen cautious with easing output cuts * GRAPHIC: Brent and WTI crude refini.tv/3w2pz6N By Sonali Paul and Koustav Samanta Oil prices climbed for a third straight session on Friday, on Continue Reading

The British pound and government bond yields fell on Thursday, while London’s benchmark FTSE stock index rallied after the Bank of England left policy steady just as other major central banks start to position for the end of emergency stimulus. The BoE kept the size of its stimulus programme unchanged Continue Reading

* Pound down 0.1% vs dollar, euro * Bank of England policy decision 1100 GMT * Graphic: World FX rates in 2020 * Graphic: Trade-weighted sterling since Brexit vote  Sterling was steady on Thursday, with investors holding off major bets ahead of a Bank of England policy meeting set to Continue Reading