Binance, the world’s largest cryptocurrency exchange, has announced its exit from the Russian market. The exchange plans to cease all exchange services and business operations in the country over the coming months. This move follows the sale of its assets to CommEX, a venture that emerged just a day ago, for an undisclosed sum. Unlike […]

Oil prices saw a substantial 3% surge, nearing $100 a barrel, hitting a fresh 10-month high on Wednesday. The rally was ignited by concerns over tightening global crude supplies, with lower-than-expected US stockpiles adding to the bullish sentiment. Brent crude, the international benchmark, reached as high as $97.06 per barrel, marking its highest intraday level […]

In a landmark development, DWS, the German asset manager majority-owned by Deutsche Bank, has agreed to pay a substantial $25 million to resolve two separate enforcement actions brought by the United States Securities and Exchange Commission (SEC). These actions are the culmination of a more than two-year-long investigation into allegations of greenwashing, which have cast […]

In a dramatic shift, hedge funds are scrambling to unwind their bets against Britain’s £2.5tn government bond market. This comes as growing investor consensus suggests that the Bank of England (BoE) is nearing the conclusion of its rate hiking campaign. The latest data from S&P Global Market Intelligence reveals that the total value of UK […]

In a rapid shift, 30-year bond yields have soared over 30 basis points in just one week, reaching a 12-year high at 4.6840%. Meanwhile, the 10-year real, inflation-adjusted yield has surged by 26 basis points to 4.50%, its highest level since 2009. This upward movement in yields is narrowing the deeply-inverted 2-to-10-year yield gap, which […]

Italy, plagued by a series of high-profile departures of major corporations relocating their listings and headquarters abroad, is making a bold move to reverse the trend. The Italian government is on the verge of approving a long-awaited package of measures aimed at revitalizing its capital market, catering to local businesses’ needs. The proposed measures include […]

Investors have poured a staggering $1 trillion into global money market funds in 2023, lured by the best yields available in years and growing uncertainty surrounding the US economy. This torrent of capital flowing into money market funds, primarily concentrated in the United States, sets these investment vehicles on a trajectory to receive record-breaking inflows […]

In a startling development, bond deals orchestrated by Credit Suisse and Bank of America Corp. linked to debt swaps for emerging-market issuers are facing renewed scrutiny. This comes after the International Capital Market Association (ICMA) issued fresh labeling guidelines, casting a shadow of doubt over their previous transactions. These bonds, sold over recent years to […]

In a pivotal turn of events, U.S. Treasury yields saw a sharp increase today as the Federal Reserve made a significant announcement, indicating its intention to implement yet another rate hike before the conclusion of 2023. This development propelled two key Treasury notes to levels not seen in years. The 2-year Treasury yield soared, marking […]

Deutsche Bank, one of the world’s leading financial institutions, has entered into a strategic partnership with Swiss cryptocurrency firm Taurus to offer custody services for cryptocurrencies and tokenized assets to institutional clients, according to an official statement released by Taurus on Thursday. This groundbreaking collaboration marks a significant milestone for Deutsche Bank, enabling the institution […]