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Bloomberg Law News·Oct 27, 202645 signal

Crypto Braces for Hostile Climate as Democrats Vie for Top Posts

Sherrod Brown’s potential victory in his Ohio Senate race and Rep. Sean Casten’s bid for the top Democratic slot on the House’s banking panel are forcing Wall Street and the crypto industry to prepare for some of their toughest critics in new roles next Congress.

Finance
ING Think·Oct 27, 202645 signal

FX Daily: Dollar buying returns ahead of FOMC

Articles Published 07:50 FX The greenback has had a good start to the week – in our view, thanks to AI-sentiment stabilisation and some positioning ahead of tomorrow’s FOMC announcement. Today, the focus will be on US consumer confidence, as well as Israeli elections and their potential impact on the Middle East equili

Finance
Channel Africa·Oct 27, 202645 signal

Rand steady ahead of leading indicator data

The South African (SA) Rand was steady in early trade on Tuesday, ​ahead of Central bank data which ‌is expected to offer fresh clues on the outlook for Africa’s most industrialised economy. The Rand traded...

Finance
TradingView·Oct 27, 202649 signal

Gold eases on firmer dollar ahead of Fed decision

By Sukanya MitraGold prices slipped on Tuesday, weighed down by a firmer dollar, while investors looked ahead to the Federal Reserve's policy meeting for fresh guidance on the outlook for interest rates.Spot gold TVC:GOLD eased 0.3% to $4,004.55 per ounce by 0721 GMT, while US gold futures TVC:GOLD...

Finance
MLex·Oct 27, 202648 signal

AI financial risks remain low but warrant monitoring, South Korea central bank says

MLex Summary: The risk of financial stress triggered by the artificial intelligence industry remains limited given the sound finances of leading companies, but vulnerabilities are building as long-term interest rates rise, South Korea’s central bank said in a report published Tuesday. The Bank of Korea identified delays in AI monetization, difficulties in accurately assessing risks and the potential for circular financing to amplify the spread of shocks through the financial system as key concerns. It urged particular attention to potential risks at specialist AI cloud=service providers, or neocloud providers, and AI labs with limited financial resources and low transparency. It added that South Korea could face stronger spillovers than in the past if an AI-driven crisis emerges, given its close links to global supply chains.

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