Global Banking Monitor

Sunday, May 19, 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...

Yellen Asserts Significant Headway in U.S. Inflation Reduction Efforts

The US is making “considerable progress” in bringing down inflation, which is especially notable given the labor market remains strong, Treasury Secretary Janet Yellen...

The Impact of Asia’s Economic Revolution on the Global Stage

The phrase “factory Asia” describes one of history’s most impressive economic achievements. Over the past half-century Japan, South Korea, Taiwan and, more recently, China...

Euro Zone Bond Investors Unfazed as Data Confirms Dismal Economic Outlook

Euro zone bond yields wavered but found little direction on Thursday after survey data showed the bloc’s economic downturn is likely to have continued...

Beijing Takes Significant Steps to Address Looming Property Crisis in China

China's finally starting to do something about the three-year property crisis that's been weighing on its COVID-scarred economy. Beijing is urging banks to boost financing...

Mexico’s Central Bank Alerts to Inflation Risks Amid Robust Demand

Mexico’s central bank signaled that it needs to see clearer evidence of disinflation before it can join the regional trend for interest rate cuts. Consumer...

Bangladesh Clinches $1.1 Billion in World Bank Deals to Propel Economic Growth

Bangladesh and the World Bank have sealed five agreements totaling $1.112 billion to support initiatives that span early childhood development, education, riverbank erosion control,...

The Unfolding Budget Crisis in Germany: Crucial Details Uncovered

Germany’s budget is in trouble. Last week, the constitutional court ruled that it was unlawful to re-allocate unused debt originally designated for emergency Covid-19 pandemic...

South African Inflation Reaches Five-Month High Ahead of Rate Decision

South African annual inflation quickened to a five-month high in October, a reading that’s unlikely to persuade the central bank to hike rates as...

Indonesia Poised for Cautious Rate Pause Amid Fragile Rupiah Improvement

Indonesia’s central bank is expected to keep its benchmark interest rate steady, while staying on guard against external volatility that could reverse the rupiah’s...

GCC Economy Expected to Expand by 3.7% in 2025, Says World Bank

The Gulf Cooperation Council economy is estimated to grow by 3.6 percent in 2024 and 3.7 percent in 2025, according to the World Bank. The...

Chinese Parliament Pushes Banks for Increased Involvement in Property Finance

China’s banks should step up funding for property developers to reduce the risk of additional defaults and ensure completion of housing projects, members of...

Turkey Nearing Possible Rate Milestone Beyond 36% if Rates Rise

Turkey is turning another corner in ending an era of ultra-loose monetary policy. The central bank will likely take interest rates above zero relative to...

Binance Witnesses Over $1 Billion Withdrawn by Users After CEO’s Departure and Guilty Plea

Outflows from Binance have amounted to more than $1 billion in the past 24 hours, not including bitcoin, according to data from blockchain analysis...

Canada’s Slowing Inflation Sparks Potential for Rate Cuts

Consumer prices in Canada rose at the slowest pace since June, a reassuring sign for central bank policymakers that rates are now high enough...

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...