Tag: exchange

Russia Says It May Have to Service Foreign Exchange Debt in Roubles Due to Sanctions

March 14, 2022
Business & Economydebteconomic policieseconomyEuropeexchangeforeignMarketsRoublesRussiaRussia-Ukraine WarsanctionsWorld
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Russia’s finance ministry is preparing to service some of its foreign currency debt on Wednesday, but such payments will be made in roubles if sanctions prevent banks from honoring debts in the currency of issue, the ministry said on Monday. “Is that a default? … From Russia’s point of view, we are fulfilling our obligations,”…

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Russia Sanctions Hike US Dollar Borrowing Costs in Funding Markets

March 1, 2022
Business & EconomycurrencyEuropeexchangeInternationalMarketsRussia-Ukraine WarUSUS NewsWorld
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LONDON/NEW YORK—The cost of raising U.S. dollar funds in the euro swaps market rose sharply on Monday after Western nations ramped up sanctions against Russia over the weekend, including blocking some Russian banks from the SWIFT international payments system. Three-month euro cross-currency swaps hit 38.25 basis points, the highest since mid-March 2020, the beginning of…

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Coinbase Buys Crypto Futures Exchanges, Plans to Sell Derivatives in US

January 14, 2022
Business & EconomycoinbasecryptocurrencyexchangeInvestmentMarketsUKWorld
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LONDON—Major cryptocurrency exchange Coinbase said it is buying a crypto futures exchange, FairX, as part of a move to offer crypto derivatives to traders in the United States. FairX, which was launched last year, is the operating name of LMX Labs. It sells futures products and is regulated by the U.S. Commodity Futures Trading Commission…

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