Some western banks are lobbying against EU proposals to redistribute billions of euros in interest earned on frozen Russian assets, senior industry sources said, fearing it could lead to costly litigation.
The U.S. dollar rose sharply in European trade Friday, after the surprise cut by the Swiss National Bank cast the Federal Reserve in a more hawkish light. At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.4% higher at 104.085, near a three-week high…
Oil prices stabilized on Friday as the possibility of a ceasefire in Gaza weakened crude benchmarks, while steadying U.S. interest rates and the war in Europe cushioned the fall.
In an optimistic outlook, if miners can leverage their holdings without direct selling, Bitcoin’s price could soar to $100,000 in 2024, echoing a widespread sentiment among asset managers and industry pundits.
U.S. stocks traded in a muted fashion Friday, still on course for strong weekly gains after expectations of interest rate cuts by the Federal Reserve.
