Finance

Lawmakers Say Bank of England Stablecoin Proposals Will ‘Limit Adoption, Push Activity Overseas’

Lawmakers Say Bank of England Stablecoin Proposals Will ‘Limit Adoption, Push Activity Overseas’

A group of British lawmakers has urged the Bank of England to reconsider proposals that would cap stablecoin holdings for citizens and businesses, and impose stringent reserve requirements on issu...

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Global equity funds draw largest weekly inflow in five weeks

Global equity funds draw largest weekly inflow in five weeks

Dec 12 (Reuters) – Global equity funds attracted significant inflows in the week to December 10 as investors positioned for a potential ​Federal Reserve rate cut, despite lingering concerns ...

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Here’s why Chinese carmakers are beating the Europeans in Kazakhstan

Here’s why Chinese carmakers are beating the Europeans in Kazakhstan

Ten years ago, streets in Kazakhstan were full of BMWs, Volkswagens, Mercedes and many other European car brands that have long been enjoying customer loyalty not only in Kazakhstan, but in the po...

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China’s small bank mergers shrink sector but raise financial risks

China’s small bank mergers shrink sector but raise financial risks

Dec 12 (Reuters) – Many of China’s newly merged small banks have seen profits fall and capital buffers shrink over the past year, a Reuters review of data showed, testing Beijing̵...

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Trump Signs Order Seeking to Limit State-Level AI Regulation

Trump Signs Order Seeking to Limit State-Level AI Regulation

Photographer: Shawn Thew/EPA/Bloomberg (Bloomberg) — President Donald Trump signed an order aimed at thwarting state-level regulation of artificial intelligence through lawsuits and ...

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Broadcom Shares Slide After Investors Seek Bigger AI Payoff

Broadcom Shares Slide After Investors Seek Bigger AI Payoff

(Bloomberg) — Broadcom Inc., a chip company vying with Nvidia Corp. for AI computing revenue, suffered a stock slide after its sales outlook for the red-hot market failed to meet investors’ ...

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