Global Banking Monitor

Tuesday, May 7, 2024

Stripe employees get to sell $1bn of shares

It's good news for the Stripe employees...

Strategies for Upskilling Your Workforce in an AI-Driven Economy

In an era where artificial intelligence (AI)...

Five Strategies for Enhancing Internal Communications in Banks

In the fast-paced world of banking, effective...

Markets

Decelerating US Inflation Provides Boost to Economy

U.S. prices fell in November for the first in more than 3-1/2 years, pushing the annual increase in inflation further below 3%, and boosting financial market expectations of an...

Can China Reclaim Its Economic Miracle in 2024?

China's disappointing post-COVID recovery has raised significant doubts about the foundations of its decades...

US Short-Term Inflation Expectations Reach Lowest Point Since 2021

US consumers remained sanguine about the inflation outlook as 2023 drew to a close,...

US New-Home Sales Unexpectedly Hit One-Year Low

US new-home sales unexpectedly slumped in November, led by a sharp drop in the...

Dollar Weakens to Lowest Level Since July as Data Sparks Rate-Cut Speculation

The dollar extended its drop after the Federal Reserve’s preferred gauge of underlying inflation...

New Zealand Government Initiates Economic Repairs to Stimulate Growth

The New Zealand government is starting a massive economic repair job to fix the country's "fragile economy", Finance Minister Nicola Willis said on Wednesday.The...

Saudi Arabia Launches Fintech Program to Foster Financial Innovation

Saudi Arabia has launched a new financial technology program called Makken to support and develop the sector in the Kingdom. Saudi Central Bank Governor Ayman...

Consistent at 2.4%: Eurozone Inflation Remains Unchanged in November

Eurozone inflation remained at year-on-year level of 2.4% in November, in a reading that met estimates. Month-on-month it dropped 0.6%, a faster clip than the...

Dollar to Weaken Over Next 2 Years, UniCredit Says

UniCredit Research expects “moderate dollar weakness” over the next two years as the U.S.’s growth outperformance diminishes and interest-rate cuts cause rate differentials between...

Colombia’s Inflation Expected to Conclude 2023 Near 9.73%, Says Bonilla

Colombia's inflation is expected to close 2023 at around 9.73%, Finance Minister Ricardo Bonilla told a conference on Friday. The minister's comments follow a decision...

Japanese Inflation Rises Amid Increasing BOJ Pivot Expectations

Japan’s core consumer price growth picked up slightly in October, after easing the previous month, reinforcing investors’ views that stubborn inflation may push the...

Global Economy Analysis Indicates Likelihood of Euro-Area Recession

A recession in the euro area is looking increasingly likely as the economic downturn persists in the final quarter of the year, private-sector activity...

Nigeria’s Central Bank Unveils Extensive Plans to Tackle Inflation

Nigeria’s central bank pledged major changes to get a grip on inflation and steady the country’s battered currency, signaling tighter monetary policy ahead. The Central...

IMF Greenlights $3 Billion SBA for Pakistan; $1.2 Billion Already Distributed

Pakistan has received a significant financial boost as the International Monetary Fund (IMF) Executive Board approved a $3 billion Stand-By Arrangement (SBA) for the...

Germany Nearing Recession, Warns Destatis

Germany's economy is on the brink of recession as the country's gross domestic product (GDP) in the third quarter (Q3) of 2023 declined by...

World Bank: South Africa’s Economy Drains R700bn Every Year Due to Crime

The World Bank's latest economic update has shed light on the profound impact that organized crime has on South Africa's economy. Crime is costing...

Business Investment Feels the ‘Chill’ of Brexit, According to Bank of England Deputy Governor

The outcome of the Brexit vote and years of political uncertainty it triggered has had a chilling impact on business investment in Britain, a...

World Bank Freezes Liberia’s Access to Undrawn Loan Funds

The World Bank has suspended its access to "unwithdrawn loans" in Liberia after the country defaulted loan repayments by 60 days under the administration...

Canadian Retail Sales Soar with 0.8% Jump, Reflecting Sharp Spending Increase

Canadian consumers splurged in September and October, a surprise resurgence in spending even as high interest rates restrict household budgets. Receipts for retailers rose 0.8%...

Featured Post

Apple Pay processes $6 trillion in 2022

For those executives who haven't been watching the continued growth of Apple Pay, the...

Latest Award

Sohar International: Best Ecosystem Banking App Award 2023

We have been closely following the recent launch of Sohar International Bank's latest mobile...

Recent Event Listing

Dubai Fintech Summit 2023

http://www.dubaifintechsummit.com The Dubai FinTech Summit 2023 will set a global benchmark for the way enterprises...