Brazil and Argentina will discuss a common currency

Brazil and Argentina will discuss a common currency

BUENOS AIRES, Jan 22 (Reuters) – Brazil and Argentina are aiming for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentinian leader Alberto Fernandez said in a joint article they wrote. “We intend to overcome the barriers to our exchanges, simplify and modernize the rules … Read more

Feds seized nearly $700 million from FTX founder Bankman-Fried

Feds seized nearly 0 million from FTX founder Bankman-Fried

Jan 20 (Reuters) – Federal prosecutors seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, much of it in the form of Robinhood stock, according to a court filing on Friday. Bankman-Fried, who was accused of stealing billions of dollars from FTX clients to pay debts incurred by his crypto-focused hedge … Read more

The Fed will offer two 25 basis point hikes in the first quarter, followed by a long pause

The Fed will offer two 25 basis point hikes in the first quarter, followed by a long pause

BENGALURU, Jan 20 (Reuters) – The U.S. Federal Reserve will end its tightening cycle after hiking 25 basis points at each of its next two policy meetings, then likely keep interest rates stable for at least the next rest of the year, according to most economists in a Reuters poll. Fed officials generally agree that … Read more