Japan's MUFG Empowers Domestic Banks in Issuing Stablecoins
Mitsubishi UFJ Financial Group (MUFG), the biggest financial institution in Japan, has…
News
Fed Set to Skip June Rate Hike, Entering a Lengthy Pause before Potential Cuts, Morgan Stanley Reports
The Fed signals a pause in rate hikes after June, with Morgan Stanley forecasting a lengthy hold before potential cuts begin - reshaping the outlook for bank margins.…
Wall Street Capitalizing on the Wealth of the Ultra-Wealthy
Concerns of a possible global recession are deepening as heightened inflation and…
RBI-MPC Likely to Make Minor Downward Revision to Inflation Forecast: Bank of Baroda Chief Economist
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may…
Mauritius Projects Decrease in Debt, Targeting 60% of GDP Pre-2030
Mauritius’ public sector debt could fall to the pre-pandemic level of…
ECB's Visco Expresses Preference for Gradual Rate Hikes Instead
The European Central Bank’s monetary policy is correct though a more…
Yield Spikes Fail to Deter Bond Bulls as They Continue Buying, Ignoring Fed-Hike Noise
For over a year, bond traders have been whipsawed by uncertainty about…
Declining Economy Hits Hardest on Low-Grade Junk Bonds
The riskiest corporate bonds are dropping as signs of economic weakness spread,…
Kenya Central Bank Deems Digital Currency Not a 'Compelling Priority'
Kenya’s central bank does not consider the issuance of a digital…
Carvana Scraps $1 Billion Debt Swap as Creditors Refuse to Agree
Carvana Co. canceled a $1 billion debt swap after a group of…
Fed Expected to Maintain Rate-Hike Pause Despite Robust Data
Federal Reserve officials, whose hike, skip or pause messaging on interest rates…
Fitch Retains Negative Outlook for U.S. Credit Rating Despite Debt Limit Resolution
The United States’ “AAA” credit rating will remain on negative watch, despite…