Tycoon Tony Fernandes’ AirAsia Group Q1 Traffic Nearly Quadruples As Pandemic Travel Restrictions Ease

A Thai AirAsia Airbus A320 takes off from Donmueang International Airport. getty AirAsia Group—controlled by Malaysian tycoons Tony Fernandes and Kamarudin Meranun’s Capital A Berhad—said first quarte...

Judge Temporarily Blocks Biden From Phasing Out Title 42 Border Restrictions

Topline A federal judge on Wednesday temporarily blocked President Joe Biden’s plan to wind down Title 42, a pandemic-era rule through which U.S. Customs and Border Protection can quickly turn away or...

Judge Will Temporarily Block Biden From Ending Title 42 Border Restrictions

Topline A federal judge said Monday he will temporarily block the Biden Administration’s decision to end Title 42 border restrictions, which allow U.S. border agents to rapidly expel or turn away migr...

EU Sanctions Prompt Binance to Introduce Russian Restrictions

Binance has introduced restrictions for Russian nationals in compliance with the fifth round of EU sanctions against Russia. The exchange will be limiting services for “Russian nationals or natural pe...

Shanghai Loosens Restrictions For Millions Of Residents After New Covid Cases Appear To Slow

Topline Shanghai on Wednesday eased Covid restrictions for an additional 4 million people and allowed more factories to resume operations as two districts in the city reported no new Covid-19 cases ou...

More Democrats Criticize Biden For Plan To End Trump-Era Border Restrictions

Topline Sen. Gary Peters (D-Mich.) on Monday became the latest Democrat to question President Joe Biden’s plan to phase out Title 42, a Trump-era public health policy that lets border agents rapidly e...

States Continue To Ease Restrictions On Alcohol Sales

State laws restricting the sale and consumption of alcohol have been eased in many jurisdictions … [+] over the past two years. getty New York Governor Kathy Hochul (D) announced on April 9 that...

Indian Crypto Exchanges Go P2P to Skirt Payment Channel Restrictions

India’s crypto industry is constantly seeking ways to circumvent government and banking restrictions to serve the increasing demand for digital assets in the country. A number of Indian cryptocurrency...

New Tough Legal Restrictions On Aussie Cryptocurrency Influencers

As more people and businesses shift towards digital assets, the cryptocurrency space is gaining more popularity. The increasing number of new crypto enthusiasts is skyrocketing daily. More people and ...

Shanghai Eases Restrictions, Non-Essential Travel Banned In Guangzhou As China’s Covid Surge Intensifies

Topline The Chinese port city of Guangzhou banned non-essential travel while Shanghai, the country’s financial hub, is easing lockdown but continues to report a large number of new Covid-19 cases as C...

Exness, FX Volumes, ASIC’s Restrictions, ‘Zuck Bucks’: Editor’s Pick

Another week has ended, and it’s the time when Finance Magnates brings all the important news from forex, fintech and crypto that moved the industry. Exness Ends March with a Record $2.48 Trilli...

Russia Cuts Key Interest Rate. Protecting the Ruble Is Painful.

Text size alexander nemenov/Agence France-Presse/Getty Images The Russian central bank cut its benchmark interest rate from 20% to 17% on Friday after more than doubling it just days into the Ukraine ...

U.S. Tells Citizens “Do Not Travel” To Shanghai, Hong Kong Due To Covid Restrictions

Residents have swab samples collected in a round of Covid-19 testing during a lockdown in Shanghai … [+] on April 7. As much of the world moves on from the pandemic, desperate scenes seeping out...

ASIC Extends Leverage Restrictions on CFDs for Another Five Years

The Australian Securities and Investments Commission (ASIC) announced on Wednesday that it has extended its product intervention order for retail issuance and distribution of contracts for differences...

U.S. Treasury bars Russia payments in dollars from US accounts

The U.S. Treasury Department will not allow any Russian government debt payments from accounts at U.S. financial institutions to be made in U.S. dollars, restricting one of the strategies President Vl...

Ukraine war, inflation and need for higher interest rates creating ‘unprecedented’ situation, says Jamie Dimon

JPMorgan Chase & Co. CEO Jamie Dimon said the Western world faces “challenges at every turn” but the U.S. economy remains strong, according to his annual letter to shareholders. JPMorgan’s JPM, +0...

Aussie crypto ‘finfluencers’ face tough new legal restrictions

New warnings from the Australian Securities and Investments Commission (ASIC) on appropriate conduct for financial influencers could have a dramatic impact on the local crypto industry. ASIC’s recent ...

The Investor Who’s Sticking With Russia

Russian stocks crashed after Vladimir Putin waged war on Ukraine. That’s when David Amaryan started buying. Investors were dumping anything Russian, and the hedge-fund manager was happy to take the ot...

China’s Bet on Sending Its Exports Through Russia Hits Setback

Sanctions imposed on Russia are disrupting China’s ambitions to move more exports to Europe, a setback for the $4 trillion effort championed by Chinese leader Xi Jinping to cement his country as the w...

Dollar’s dominance could get diluted by sanctions against Russia, IMF official tells Financial Times

The dollar’s dominance within the international monetary system is at risk of undergoing a gradual “fragmentation” as a result of financial sanctions being imposed on Russia, Gita Gopinath, the Intern...

CDC Ends Trump-Era Pandemic Asylum Restrictions At Border As White House Says ‘Influx’ Of Migrants Expected

Topline The Biden administration on Friday repealed a public health order imposed by former President Donald Trump allowing Border Patrol to limit the number of asylum seekers due to health risks — an...

Kremlin demands rubles for gas, leaves currency loophole

Russian President Vladimir Putin issued a decree Thursday demanding payment for natural gas in rubles but appeared to temper the order by allowing dollar and euro payments through a designated bank, t...

Biden Proposed Stock Buyback Restrictions. What Advisors Need to Know.

This year has seen plenty of high-profile announcements of stock buybacks. Amazon  enacted a $10 billion repurchase program while General Electric set its own at $3 billion. Later, Alibaba announced t...

Russia Built Parallel Payments System That Escaped Western Sanctions

Western sanctions have disrupted nearly every part of Russia’s financial system, but there is one big exception. The domestic-payments system continued to work smoothly after Visa Inc. and Mastercard ...

Opinion: Russia just made a case for owning gold—and nobody noticed

Here’s a strong argument for adding some gold bullion to your retirement portfolio right now, alongside those stocks and bonds. And it comes courtesy of Pavel Zavalny, the head of the Russian parliame...

How Russia’s Central Bank Engineered the Ruble’s Rebound

The ruble is in a central-bank-induced coma. While Russia’s currency can still see sharp swings in a day, it has trimmed its steep losses and begun to stabilize. It is now trading at around 99 rubles ...

Tesla Shanghai Factory to Remain Closed Today to Adhere with Covid Restrictions

During the fourth quarter of 2021, Tesla produced over 305,000 EVs and made deliveries of over 308,000. As China authorities fight a major Covid resurgence wave, Tesla Inc (NASDAQ: TSLA) Shanghai fact...

What Citi’s abortion policy means for companies as Supreme Court considers tighter restrictions

Citigroup quietly expanded employees’ health coverage in January to include paying for travel to obtain an abortion, a decision other large employers are likely to face as states impose new rest...

A Russian oil-sparked U.S. recession? This is how it could happen

A global recession “seems unavoidable” if sanctions on Russia keep most of its oil and natural gas off international markets for the rest of 2022. That’s what a pair of researchers at the Dallas Feder...

Fertilizer Stocks Soar on Putin’s War. Proceed With Caution.

Text size Nutrien’s potash mine in Saskatoon, Canada. Potash fertilizer prices have soared by three-quarters this year. James MacDonald/Bloomberg Haven’t earned enough on your oil stocks since R...

NFL finally allows crypto sponsorship, with restrictions

The national football league (NFL) has finally lifted the embargo on teams’ involvement in crypto-related activities.  In a memo released on Tuesday, the NFL stated that teams will now have permission...

Russia Stock Exchange Will Finally Reopen After Ukraine Invasion—But Under These Restrictions

Topline The Moscow Stock Exchange, Russia’s largest exchange group, announced on Wednesday it would reopen trading for certain stocks after a nearly one-month shutdown following the nation’...