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Money

Russia’s suspected money launderer Dubnikov extradited from the Netherlands to US

TASS Russian News Agency | Aug 18, 2022 at 12:52 AM

Russian national Denis Dubnikov, detained in the Netherlands last November on suspicion of money laundering, has been extradited to the United States, the US Department of Justice said in a statement.

Jim Ratcliffe declares interest in buying Manchester United

Financial Times | Aug 17, 2022 at 10:58 PM

…The boyhood United fan lined up £4.25bn to bid for its London rival but his last-ditch effort was rejected by merchant bank Raine Group, which handled the auction on behalf of Russian oligarch Roman Abramovich…

Fed officials signal restrictive rates may be needed ‘for some time’

Financial Times | Aug 17, 2022 at 10:27 PM

…In an interview with the Financial Times last week, San Francisco Fed president Mary Daly said the central bank was “not near done yet” in its fight against inflation….

Celsius Approved to Sell Mined Bitcoin, Customer That Lost 50,000 USDC Insists Her Regulated…

Bitcoin.com | Aug 17, 2022 at 9:30 PM

On August 16, the crypto lender Celsius Network has been approved by a bankruptcy court judge to sell bitcoin the company previously mined to continue funding specific operations.

Bank of England in line of fire over UK’s double-digit inflation

Financial Times | Aug 17, 2022 at 8:04 PM

…The UK’s central bank was granted independence 25 years ago with the brief of maintaining inflation at 2 per cent….

BB&B: meme stocks are linked to fundamentals — someone else’s

Financial Times | Aug 17, 2022 at 7:43 PM

…than-expected corporate earnings season — has lured them back. Meme stocks, like bitcoin , are therefore useful gauges of animal spirits that depend for their vigour…

Scott Morrison’s ministerial grab holds lessons beyond Australia

Financial Times | Aug 17, 2022 at 7:38 PM

…It is unclear if Morrison broke any laws in taking on the health, home affairs, resources, finance and Treasury briefs in 2020-21….

Russia’s NWF funds should be kept in gold, yuan and other “non-toxic” currencies – experts

TASS Russian News Agency | Aug 17, 2022 at 7:19 PM

Russia’s Accounts Chamber believes that the Finance Ministry will legislate decisions concerning the initiative not to place funds from the National Wealth Fund (NWF) in the currencies of unfriendly countries, the press service of the department told TASS.

Japan’s latest alcohol advice: please drink more

Financial Times | Aug 17, 2022 at 7:02 PM

…The east-Asian nation’s tax agency is requesting ideas on how to tempt younger citizens to step up their tippling as the finance ministry frets over the fiscal implications of generational change….

Genesis CEO exits after crypto broker took hit from Three Arrows collapse

Financial Times | Aug 17, 2022 at 6:47 PM

…hedge fund that filed for bankruptcy in July when its bets on bitcoin and other cryptocurrencies soured in the heavy sell-off of digital assets…

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