THE International Monetary Fund has declined a request from UK lawmakers to explain to Parliament why it made an unsolicited attack on the former government’s budget shortly before the plan imploded.
YIELDS on super-long Japanese government bonds (JGBs) fell on Wednesday (Dec 14), tracking US Treasury yields lower, as lower than expected inflation data raised optimism for a slower pace of the Federal Reserve’s interest rate hikes.
DEPOSITS are returning and “things seem to have stabilised” at Binance, its chief executive said on Wednesday (DEc 14), a day after it had a sharp increase in withdrawals and paused some stablecoin transactions.
HSBC will no longer provide new lending or capital markets finance for new oil and gas fields, the British bank said on Wednesday (Dec 14), as part of a wider update to its energy policy.
ABU Dhabi funds, led by the Abu Dhabi Developmental Holding Company (ADQ), are in talks to buy a stake worth about US$855 million in Phoenix Group, an Israeli financial services firm.
