BRICS Currency Proposal; A Look Into The Potential Impact On Global Trade
In recent news, the President of Brazil has sparked discussions about the possibility of creating a common currency for trade ...
Wall Street’s Main Indexes Tumbled As Financial Stocks Dropped After Moody’s Cut Credit Ratings of Several U.S. Banks
Wall Street's three main indexes tumbled this Tuesday as financial stocks dropped after rating agency Moody's cut credit ratings of ...
Banking Shakeup; Credit Suisse To Slash 80% Of Hong Kong Investment Bank Jobs
The integration of UBS Group with Credit Suisse has drawn attention, mainly due to Credit Suisse's challenges with failed deals ...
The U.S. Central Bank May Raise Rates By 25 BPS; How Will This Impact Financial And Crypto Markets?
Investors continue to observe comments from Federal Reserve officials that could give more insight into the path of interest rates, ...
EU Aims To Stimulate Economy With Eased Rules For Alternative Investments
European Union agrees on revising post-Brexit rules for hedge fund managers and alternative investments. The agreement seeks to boost the ...
U.S. Stocks Are Advancing At The Start Of The Earnings Season; Here’s What To Expect
Shares on Wall Street continue to be supported, led by gains in financial and technology stocks, with investors looking toward ...
Deciphering The Current Landscape of US Bank Credit; Lessons From Earnings Season
As the earnings season commences, U.S. banks are set to report their financial performance for the April-through-June period. This quarter ...
Citi Reports 36% Drop In Q2 Net Income Amid Challenging Macroeconomic Environment
The company's institutional revenue dropped 9% in the quarter. The low performance led Citi to announce job cuts last month. ...
Inflation Cooled More Than Expected In June. Does This Indicate That The Federal Reserve Is Near The End Of Its Rapid Interest Rate Hikes?
The U.S. Bureau of Labor Statistics released its June inflation report this Wednesday, and the report showed that the Consumer ...
South Korea Allows New Local Entrants Access To Banking Industry After 30 Years
South Korea's financial regulator has decided to permit new players to enter the banking industry, ending a 30-year-long monopoly by ...
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