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SEC says Kim Kardashian pays $1.26 million fine for paid crypto ad

WASHINGTON (Reuters) – Kim Kardashian has touted everything from mouth-watering lollipops to watermelon-flavored liqueur to toilet paper, but it was her foray into the cryptocurrency world that got her into hot water. The reality TV star and influencer has agreed to settle charges of illegally promoting cryptocurrency security and pay $1.26 million in fines and …

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Stampede and riots in Indonesia soccer match kill 174 and stop the league

East Java Stadium disaster appears to be the worst since 1964 About 180 were injured in a stampede The Indonesian Football Association suspends the league for investigation Police say they fired tear gas to control the crowd MALANG, Indonesia (Reuters) – At least 174 people were killed and 180 injured in a stampede and rioting …

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Japan spent a record amount of nearly $20 billion on intervention to support the yen

The intervention drains approximately 15% of readily available funds Japan can avoid selling US Treasuries for now – Analysts Impact of further intervention may wane – analysts TOKYO (Reuters) – Japan spent as much as 2.8 trillion yen ($19.7 billion) on foreign exchange market intervention last week to prop up the yen, Finance Ministry data …

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Oil settles lower after hitting $90 a barrel as OPEC+ considers production cuts

OPEC+ starts talks on production cuts at Oct 5th meeting – OPEC source Russia proposes that OPEC + cut production by one million barrels per day – source US markets are dragged down by the Fed’s aggressive moves to tame inflation US production resumes after being halted due to Hurricane Ian NEW YORK (Reuters) – …

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Fed criticizes Fed ‘situation’ as market pain recedes to fight inflation

WASHINGTON, Sept. 28 (Reuters) – In the month since Federal Reserve Chairman Jerome Powell took a hawkish stance on inflation, stocks have suffered compounding losses, fissures have opened in global currency markets, and safer US government debt returns have emerged. It jumped to its highest levels since the dark days of the financial crisis nearly …

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Bank of England seeks to stem bond market turmoil after tax cut storm

Bank of England begins buying bonds, delays sales of gold bonds The IMF ‘does not recommend’ policies like the UK’s growth plan Moody’s: The economic plan is ‘negative growth’ Sterling traded down 0.7% to $1,065 Kwarteng meets bank heads again LONDON (Reuters) – The Bank of England sought to quell a firestorm in British bond …

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Wall Street’s eyes opened high, sterling rose as bears licked their wounds

Register now to get free unlimited access to Reuters.com Register The dollar is retreating from a 20-year high reached on Monday German 10-year bond yields are near 11-year highs Oil rises from nine-month lows on Monday LONDON (Reuters) – U.S. stock index futures pointed to an open rally on Wall Street and the pound rebounded …

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Exclusive: India’s push for home-made navigation has shaken smartphone giants

India wants a homegrown GPS competitor in smartphones; Industry concerns costs Smartphone players want to postpone the deadline in New Delhi to January 2023 Others say the Indian system needs resources to change hardware Strengthening local order is part of Modi’s campaign for self-reliance NEW DELHI (Reuters) – India is pushing tech giants to make …

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