India Trading Ban Rocks $149 Billion-a-Day Offshore Rupee Market
India banned its banks from offering the most popular instrument for trading the rupee offshore, threatening to squeeze a $149…
Tag: offshore
RBI’s FX Curbs Jolt Indian Bonds, Bank Stocks, Offshore Dollar Market
Hedging rupee weakness offshore is less viable for foreign investors. www.bloomberg.com #RBIs #Curbs #Jolt #Indian #Bonds #Bank #Stocks #Offshore #Dollar…
China Targets Offshore Trusts in Tax Crackdown on Ultra-Rich
Chinese officials are intensifying efforts to tax offshore trusts that hold shares in some Hong Kong-listed companies, clamping down on…
Industry Groups Warn New Crypto Rules Could Drive Kenyan Startups Offshore – Africa Bitcoin News
Strict Licensing and Oversight Requirements Kenya’s cryptocurrency industry is reportedly raising concerns over draft regulations that would require firms to…
The US’s largest offshore wind farm just produced its first power
Photo: CVOW Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project, which will be the US’s largest wind farm when it’s…
Who needs data centers in space when they can float offshore?
The power crunch for AI data centers has gotten so severe that people — not just Elon Musk — are talking about…
South Africa Tax Collector Deploys New Tech to Track Crypto and Offshore Assets
South African crypto-asset service providers must now transmit detailed transaction data directly to the revenue collector, allowing for precise automated…
China Revs Up Support for Offshore Yuan Funding With New Rules
China’s central bank announced a new set of rules to facilitate cross-border yuan funding between local and foreign financial institutions,…
Hong Kong Seeks to Attract More Borrowers in Offshore Yuan Push
Hong Kong is seeking to attract more yuan borrowers and expand trading products in the Chinese currency, as officials capitalize…
Mysterious Offshore Entity Takes $436M Position in Blackrock’s Bitcoin ETF
A little-known offshore entity has stepped into the spot bitcoin exchange-traded fund (ETF) arena with a $436 million position, instantly…