Today: September 21, 2024
Today: September 21, 2024

Latest From Isla Binnie

Asia|Business|Economy|Finance

Stocks shine, Treasury yields rise as rate cut stokes risk appetite

Major Wall Street indexes broke record highs after global counterparts booked gains and Treasury yields rose on Thursday as the start of the Federal Reserve's first

Stocks shine, Treasury yields rise as rate cut stokes risk appetite
Economy|Finance|Technology

Central bank digital currency momentum growing, study shows

A total of 134 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half at an advanced stage and

Central bank digital currency momentum growing, study shows
Business|Finance

Top commercial lenders join G7 central bank-dominated digital currency trial

Forty of the world's leading commercial banks have joined a G7-dominated pilot scheme with the New York Fed and leading central banks from Europe, Korea and Japan for a new digital

Top commercial lenders join G7 central bank-dominated digital currency trial
Economy|Finance

Central bank body BIS urges cenbanks not to squander interest rate buffers

The Bank for International Settlements has urged top central banks not to squander the interest rate buffers they have rebuilt over the last couple of years by now

Central bank body BIS urges cenbanks not to squander interest rate buffers
Asia|Business|Finance|Stock Markets

Wall Street ends higher, gold hits record ahead of rate cuts

Wall Street eked out gains and gold surged to a record high on Thursday as investors awaited a Federal Reserve interest rate cut next week.

Wall Street ends higher, gold hits record ahead of rate cuts
Asia|Finance

Global equity index slips ahead of US jobs data; oil steadies

MSCI's global equities index edged down on Thursday as investors digested mixed economic data while they anxiously waited for Friday's crucial

Global equity index slips ahead of US jobs data; oil steadies
Finance

Reports of dollar's demise are greatly exaggerated, JPMorgan says

Suggestions that the dollar's dominance of the global financial system is ending are wide of the mark, JPMorgan said on Wednesday, despite some dramatic signs of

Reports of dollar's demise are greatly exaggerated, JPMorgan says
Europe|Finance|News

Ukraine's bondholders approve crucial $20 billion debt restructuring

Ukraine announced on Wednesday that international bondholders had formally approved its plan to restructure over $20 billion of debt amid its ongoing war with Russia.

Ukraine's bondholders approve crucial $20 billion debt restructuring
Americas|Asia|Business|Finance|Stock Markets|Technology

Stocks ease past Nvidia blues, crude oil rebounds

Global shares edged higher on Thursday, shrugging off investor disappointment at artificial intelligence powerhouse Nvidia's results, while oil prices rebounded

Stocks ease past Nvidia blues, crude oil rebounds
Americas|Business|Finance

Morgan Stanley cuts Mexico stocks to 'underweight', trims China targets

Investment bank Morgan Stanley issued an "underweight" warning on Mexican shares on Wednesday due to concerns about planned changes to the judiciary and electoral

Morgan Stanley cuts Mexico stocks to 'underweight', trims China targets
Economy|Finance|News

Beryl-battered Grenada becomes first to use government bond hurricane clause

Grenada has become the first country in the world to use a so-called hurricane clause in a government bond - a special feature that allows authorities to postpone debt

Beryl-battered Grenada becomes first to use government bond hurricane clause
Europe|Finance|News

S&P cuts Ukraine rating to 'selective' default as restructuring looms

S&P Global cut Ukraine's credit rating to 'selective' default on Friday, after the war-torn country missed an international bond payment this week as it puts the

S&P cuts Ukraine rating to 'selective' default as restructuring looms
Asia|Finance|Stock Markets|Technology

Stocks add to recent losses; yen flat after 2 1/2-mo high vs dollar

World stock indexes mostly fell in choppy trading Thursday, adding to losses after a tech-led selloff in the previous session, while the Japanese yen

Stocks add to recent losses; yen flat after 2 1/2-mo high vs dollar
Business|Economy|News

Stocks ease as tech sell-off spreads, data boosts dollar

World stock indexes fell on Thursday as a selling mood around high-priced technology stocks crept into the rest of the market, while the dollar index gained after

Stocks ease as tech sell-off spreads, data boosts dollar
Economy|News|Political

S&P to wait until August to make key Kenya rating call

S&P Global plans to wait until a scheduled review date on August 23 to decide whether to cut Kenya's sovereign credit rating following deadly turmoil in the country

S&P to wait until August to make key Kenya rating call
Sports

Trophy assets: Euros and Copa wins lift stock markets

Sunday's Euro 2024 final between England and Spain and the Copa America showdown between Argentina and Colombia both look like being tight affairs - but history shows

Trophy assets: Euros and Copa wins lift stock markets
Business|Economy

Global stock index falls with bond yields, dollar after US inflation data

A global index of stocks edged down and bond yields fell on Thursday after U.S. inflation data boosted bets on interest-rate cuts while the

Global stock index falls with bond yields, dollar after US inflation data
Economy|Political

France's election outcome 'negative' for credit rating, Moody's warns

The outcome of France's parliamentary election is negative for the country's credit rating, Moody's has warned, as a grand coalition would make decision-making and the

France's election outcome 'negative' for credit rating, Moody's warns
Economy|Political

Indonesia and US seal $35 million coral reef debt swap

The U.S. has agreed to forgive $35 million of Indonesian debt over the next nine years, the U.S.

Indonesia and US seal $35 million coral reef debt swap
Economy|Environment

Development banks get ratings boost on climate clauses and hybrid bonds

The World Bank and other top development banks got a double boost on Tuesday as Fitch said debt payment freezes for climate-disaster hit countries would not hit the

Development banks get ratings boost on climate clauses and hybrid bonds
Business|Economy

World Bank Group kicks off $20 billion annual guarantee push

The World Bank Group said on Monday it had started operating a new one-stop-shop loan and investment guarantee platform which it hopes will triple the provision of

World Bank Group kicks off $20 billion annual guarantee push
Business|Economy|News|Political

BIS sends government debt warning before important elections

The Bank for International Settlements warned on Sunday that rising government debt levels amid a number of major elections this year could roil global financial

BIS sends government debt warning before important elections
Economy

Vulnerable countries need debt relief 'now or never', new report warns

A new report has called for a radical global effort this year to help vulnerable countries fend off financial meltdown and climate change, including widespread debt

Business|Economy|Technology

Central banks must prepare for profound impact of AI, BIS says

Central banks should embrace the benefits of artificial intelligence (AI) the Bank for International Settlements (BIS)has said, but stressed the technology should not

Central banks must prepare for profound impact of AI, BIS says
Health|News|World

Ukraine's bionic limb center expands as war grinds on

A Ukrainian center that provides free bionic and prosthetic limbs to soldiers maimed by Russian shells has expanded its main hospital and intends to open others in the

Ukraine's bionic limb center expands as war grinds on

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