 | | | | Danske Bank said on Thursday it faced a potentially "material" fine over one of the world's biggest money laundering scandals revealed in 2017 and would consequently not pay a dividend for the first quarter. | | | | | | U.S. Federal Reserve officials have aligned around plans to accelerate the pace of interest rate hikes this year but remain split over what could be the make-or-break decision of where to stop to avoid dragging the economy into recession. | | | | | | The U.S. dollar surged to its highest levels in two decades on Thursday propelled by widespread weakness in its major rivals, such as the yen and the euro. | | | | | | The U.S. consumer watchdog will revisit its rules around credit card fees in a bid to stamp out abuses, discourage excessive late fees and boost competition, the agency's director told Congress on Wednesday, confirming a Reuters April report. | | | | | | The euro's drop to a five-year low is rekindling the possibility the currency will reach parity versus the dollar for the first time in two decades, as fears of a euro zone recession encourage investors to pile on the bearish bets. | | | | | | Russia's National Wealth Fund (NWF), a rainy-day cushion containing oil revenues, will be the main source of financing for a budget deficit seen at 1.6 trillion roubles ($21.6 billion) or more in 2022, the finance minister said on Wednesday. | | | | | | The West's use of financial sanctions against Russia could risk creating parallel systems and hindering globalisation, the head of asset manager Fidelity International said on Wednesday. | | | | | | Cryptocurrency companies said they remain unsure of U.S. regulations governing products that allow customers to earn interest on holdings instead of trading them, months after such an interest-bearing product drew a $100 million fine from a federal regulator and state governments. | | | | | | The dollar hit a five-year high on Wednesday before the Federal Reserve next week is expected to hike rates, while the euro weakened on growth concerns after Russia cut off gas supplies to two eastern European nations. | | | | | | Two of Australia's big four banks expect the benchmark cash rate will rise next week and a third sees increased risk of a hike after a surprisingly strong inflation reading on Wednesday. | | | | | |
