Currency – Page 14

How a Trash-Talking Crypto Bro Caused a $40 Billion Crash

Do Kwon, a South Korean entrepreneur, hyped the Luna and TerraUSD cryptocurrencies. Their failures have devastated some traders, though not the investment firms that cashed out early.

Japan’s Economy Shrank 1 Percent as Consumers Fled Covid

The world’s third-largest economy lost momentum in the first three months of the year after the Omicron variant suppressed demand at home.

Elvira Nabiullina, Head of the Central Bank, Is Guiding Russia’s Economy

Elvira Nabiullina got another five-year term as head of Russia’s central bank after quelling the initial market panic over the invasion of Ukraine.

Wonking Out: Why the Dollar Dominates

There still aren’t any plausible rival currencies.

U.S. blocks Russia’s access to dollars for bond payments, heightening risk of default.

The U.S. Treasury tightened its restrictions on Russian financial transactions on Monday, when more than half a billion dollars in bond payments were due.