RISK-SENSITIVE sterling and euro rose on Tuesday (Nov 29) against the weakening safe haven US dollar amid hopes of a potential easing in China’s strict pandemic restrictions following an unprecedented episode of unrest in the country.
A MAJOR Hong Kong-based cryptocurrency exchange has scrubbed some of its social media presence two weeks after it halted withdrawals, fuelling fears the firm may collapse as the sector reels from the implosion of giant FTX.
THE Reserve Bank of India’s (RBI) first pilot for retail e-rupee, its version of the central bank digital currency (CBDC) will be launched on Dec 1, it said in a statement on Tuesday (Nov 29).
NOMURA Holdings sees a potential revenue boost of US$1 billion or more from a deeper push into areas including equities, private markets and managing money for the rich, according to the firm’s chief executive officer.
ASIAN currencies are set for their steepest monthly advance in more than six years, with the approaching end of the Federal Reserve’s tightening cycle supporting gains.
GLOBAL bonds joined US peers in signalling a recession, with a gauge measuring the worldwide yield curve inverting for the first time in at least two decades.
RICHMOND Federal Reserve Bank President Thomas Barkin on Monday said he supports moving to smaller interest-rate hikes in the central bank’s fight to bring down too-high inflation.
PAYMENT firms including Mastercard and Block are banding together with fintech companies to press Canada to move faster on rules that may boost competition in financial services.
GLOBAL investment banks may have been laying off dealmakers and cutting bankers’ pay, but banks in Singapore are looking at a rosier situation as more private monies flow their way and they seek to enhance digital capabilities.
