Brent crude drops below $75 for first time since war on Iran Brent crude, the global oil benchmark, has fallen below $75 a barrel for the first time since before the US-Israeli war on Iran began. The benchmark was trading at $74.80 per barrel at 12:34 GMT on Wednesday, according to Bloomberg. The drop marks the first time Brent has traded below $75 since 27 February, the day before the outbreak of the war, according to Reuters, as markets continue to respond positively to progress in negotiat... Read more ›
Banks across Europe and South Korea will study whether regulated euro and won stablecoins can enable real-time cross-border foreign exchange settlement. Read more ›
The upcoming presidential election in Brazil, set to take place in October of this year, will for a third time pit Luís Inácio Lula da Silva’s Workers’ Party against the far-right movement led by Jair Bolsonaro. Lula is running for reelection at the end of his third term as president, campaigning on the back of […] The post appeared first on . Read more ›
When the FOMC met on the morning of June 9, 2020, in the midst of the pandemic, the question on the table was whether yield curve control (YCC) would be an appropriate tool to deploy in the pandemic. One FOMC member said "there are no bazookas left in our unconventional but tested toolkit". The FOMC revisited the one historical episode where the U.S. actually deployed yield curve control. Shortly after the U.S. joined the Second World War in December of 1941, the Fed and the Treasury decided ... Read more ›
Pakistan’s external account story is usually told through remittances, and for good reason. They finance the current account, support household consumption, and keep the balance of payments from becoming a recurring national humiliation. Yet the usual reading is also too narrow, because it treats remittances only as money. It does not ask whether they may also be a signal. The more useful question is not whether Pakistanis abroad are sending more dollars home. The more useful question is whet... Read more ›
NAIROBI, Kenya, Jun 26— Kenya has unveiled an ambitious five-year Disaster Risk Financing (DRF) Strategy aimed at ending the country’s reliance on emergency funding after disasters and instead investing in… Read more ›
The State Bank of Pakistan (SBP) has announced the launch of a new and redesigned official website with a modern… The post appeared first on <a href=" Read more ›
US-Iran peace deal: Brent crude rose by as much as 2.2% at the market open, reaching $82.30 per barrel, while West Texas Intermediate climbed above the $78 mark, on Monday. Read more ›
When I talk to banks across Latin America, the conversation has changed. A year ago, I was explaining why digital assets were relevant to a bank’s core business. That conversation is over. Banks today are talking about how to build, at what layer, and at what speed. The conviction behind that shift is unlike anything […] The post appeared first on <a href=" Read more ›
SEOUL, June 24 : Global index provider MSCI kept South Korea in its emerging-market category, citing long-standing accessibility issues related to the onshore foreign exchange market in its annual market-classification review. "The Korean won is not deliverable offshore. Even more concerning, onshore liquidi Read more ›
How Ireland and China’s statistical agency pulled the wool over the eyes of the IMF and OECD. Read more ›
Compare maturity ranges, asset sizes, and risk profiles as two leading Treasury ETFs take different approaches to balancing safety and returns. Read more ›
Search for survivors continues with nearly 70,000 people reported unaccounted for by their family membersThe death toll in the twin earthquakes which struck Another 3,200 people were injured and 3,100 left homeless by the disaster, the National Assembly president added, speaking on state television. Read more ›
Kenya’s appellate court overturned a ruling that halted the National Treasury’s plan to sell a 15% stake in Safaricom Plc, East Africa’s biggest mobile-network operator, to Vodacom Group Ltd. Read more ›
The Basel-based institution said that private digital tokens fall short of the requirements for sound money and urged policymakers to accelerate work on tokenized forms of central bank and commercial bank money. Read more ›
Brent crude is trading under $73 a barrel while the Nasdaq is on pace for a weekly loss of more than 4% Read more ›
PBoC governor welcomes announcement and pledges support to China’s partner in ‘global south’ Read more ›
HONG KONG (AP) — Asian stocks were mixed on Wednesday following a sell-off in big technology stocks from Asia to Wall Street. U.S. stock futures were also trading mixed, as global investors monitor ma... Read more ›
The World Trade Organization’s Committee on Balance of Payments Restrictions held consultations to discuss the Trump administration’s soon-to-expire 10 percent global duties. Read more ›
Countries in the Americas and beyond are sending aid, medical supplies and paramedics to Venezuela. Read more ›