Search results for "RBC"
08:05

The Japanese yen has fallen to a one-year low against the euro.

The yen fell to a one-year low against the euro due to market concerns that the Japanese parliamentary elections could impact the fiscal situation. The latest polls show that the ruling coalition may lose its majority, which could lead to tax cuts and fiscal stimulus, affecting the timing of the Bank of Japan's interest rate hikes. The euro rose to a one-year high against the yen.
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11:39

Institutions: Investors continue to withdraw assets from the US dollar.

Jin10 reported on June 6 that Mark Dowding, Chief Investment Officer of Fixed Income Investments at RBC BlueBay Asset Management, stated in a report that the company continues to hear news of changes in asset allocation, leading to a decrease in demand for the dollar. He said, "This trend may continue." If a new round of fluctuations occurs, the dollar may depreciate at a faster rate. He mentioned that this could be due to concerns that dollar transactions have resembled risk assets in recent months.
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RBC0.91%
23:48

The Russian Ministry of Finance proposed to impose value-added tax on cross-border Mining services.

According to Gate.io News bot, RBC reported that the Russian Ministry of Finance has submitted a bill that plans to impose value-added tax (VAT) on domestic companies providing mining equipment leasing and real-time computing power services to foreign clients. The bill addresses the VAT applicability issue for Russian taxpayers when providing mining infrastructure to foreign clients. According to statistics from the Russian Federal Tax Service, there are currently 606 registered miners and 116 mining infrastructure operators nationwide. The data shows that the mining industry generates approximately 50 billion rubles in tax revenue for Russia each year. Source: Wu Says
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RBC0.91%
00:28

Royal Bank of Canada: The latest dot plot from the Federal Reserve suggests only two rate cuts in 2025

The Royal Bank of Canada Capital Market (RBC Capital Markets) said Fed officials may have hinted at only two rate cuts next year when they updated their quarterly dot plot projections this week, compared with four rate cuts expected in September. The Fed's median September dot plot estimate implies a 100-basis point rate cut in 2024 and another 100-point cut in 2025. "Fed officials' speeches since the November meeting have pretty much locked in 25 basis points of rate cuts," said RBC's Blake Gwinn and Izaac
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08:29

The Central Bank of Russia plans to tighten encryption regulation, opening investment only to high-quality investors.

According to Gate.io News bot, RBC reported that Elvira Nabiullina, the Governor of the Central Bank of Russia, announced a new regulation proposal for Crypto Assets. The proposal aims to strengthen the regulation of Crypto Assets in the domestic Settlement field, clearly stipulating that Crypto Assets are not allowed to enter the domestic currency circulation and internal Settlement system. The Central Bank also plans to implement a tiered management system for investments in Crypto Assets. According to the plan, only high-quality investors are permitted to directly invest in Crypto Assets, while the investment scope for ordinary qualified investors will be limited to the field of Crypto Asset derivatives.
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