In a prelude to the Federal Reserve’s imminent decision, financial markets witnessed a turbulent day, marked by declining stocks and surging bond yields. Heightened oil prices have fueled speculation that interest rates might remain elevated for an extended period to counter potential inflationary pressures. The S&P 500 index extended its September downturn, while the Nasdaq […]

Monzo, the $4.5 billion digital challenger bank, has entered the financial investment market with the launch of its new “Investments” feature. This move allows Monzo customers to invest in a selection of funds managed by the asset management giant, BlackRock. Monzo, known for its innovative banking solutions, is now in competition with established banks like […]

This year, credit hedge funds specializing in distressed debt are raking in substantial profits, thanks to a surge in borrowing costs that is hitting struggling companies. The reason behind this financial windfall is that central banks have been increasing interest rates, which has placed added pressure on smaller and riskier corporate borrowers. These companies have […]

In a remarkable surge driven by a roaring stock market and a rebound in property values, U.S. household wealth has soared to an all-time high, surpassing $154 trillion in the second quarter, according to data released by the Federal Reserve on Friday. The Federal Reserve’s quarterly snapshot of the financial health of households, businesses, and […]

In a stark contrast to the robust performance of real estate investment trusts (REITs) in other major markets, Hong Kong’s REIT benchmark index has plummeted by more than a quarter this year. This alarming decline is attributed to a multitude of factors, chiefly the exodus of investors from China-linked assets. S&P’s REIT index for Hong […]

Brussels, September 6, 2023 – In a groundbreaking financial development, Belgium has successfully raised a historic €21.9 billion ($23.65 billion) from savers in a bond sale, aiming to challenge traditional bank deposits. This move reflects the growing popularity of government debt as discontent surges among consumers facing dwindling interest rates from traditional lenders. The bond […]

In a groundbreaking move, the London Stock Exchange Group (LSEG) has unveiled ambitious plans for a revolutionary digital markets business. This strategic initiative aims to position LSEG as the world’s first major exchange to offer extensive trading of traditional financial assets on blockchain technology, renowned for its association with cryptocurrencies. Murray Roos, the Head of […]

In a groundbreaking move, the Securities and Exchange Board of India (SEBI) has implemented new measures aimed at expediting the entry of individuals into the stock market. The KYC (Know Your Customer) procedure, a critical step in confirming one’s identity and address, has been significantly simplified to empower prospective investors. Effective September 1, SEBI has […]

In a remarkable turn of events, Grayscale Investments LLC has emerged victorious in its high-stakes legal confrontation with the United States Securities and Exchange Commission (SEC). The battle revolved around Grayscale’s ambition to transition its over-the-counter Grayscale Bitcoin Trust (GBTC) into a publicly listed Bitcoin exchange-traded fund (ETF). The SEC had earlier declined Grayscale’s GBTC […]

In a bid to manage mounting financial pressures, Country Garden, one of China’s largest private property developers, has formally requested a 40-day extension on the repayment of a renminbi bond that is set to mature in the upcoming week. This development underscores the growing distress within the Chinese real estate sector. The request, which arrives […]