Top Stories
Latest News
US Treasury Sanctions Gazprombank And Takes Additional Steps To Curtail Russia’s Use Of The International Financial System - Treasury Imposes Sanctions On Dozens Of Russian Banks, Securities Registrars, And Finance Officials - OFAC Issues Alert Warning…
1732208945 from BANKING
… 50 internationally connected Russian banks, more than 40 … to ensure that diplomatic banking activities involving Gazprombank are … evasion. DOZENS OF RUSSIAN BANKS Further curtailing Russia’s … correspondent relationships with these banks should be aware that …
Pimco's Roman Says the Bond Vigilantes Are Back
1732207953 from BLOOMBERG
Pimco CEO Manny Roman says the bond vigilantes are back. He speaks to Erik Schatzker at the Evident AI Symposium in New York about how incoming Donald Trump administration policies could impact the bond market. (Source: Bloomberg)
Central Bank Buying Drives Up Gold Prices, Dart Says
1732206018 from BLOOMBERG
Goldman Sachs co-Head of Global Commodities Research Samantha Dart says central bank buying is driving up the price of gold. She sees gold prices hitting $3,000 an ounce by the end of 2025. She's on "Bloomberg Surveillance." (Source: Bloomberg)
The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war
1732203576 from FPOST
WASHINGTON (AP) — Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday — in a move intended to curtail Russia’s ability to evade the thousands of sanctions imposed on the nation since the start of Russia’s invasion of Ukraine in February 2022. Treasury Secretary Janet Yellen said […]
ECB Can’t Simply ‘Look Through’ Supply Shocks, Elderson Says
1732203291 from BLOOMBERG
The European Central Bank can no longer afford to ignore supply shocks to the economy as they can leave a lasting imprint on inflation, Executive Board Member Frank Elderson said, adding they’re likely to emerge more often in the future.
US Dollar steady after Jobless Claims opens door for Fed easing in December
1732202745 from FXSTREET
The US Dollar (USD) is trading flat on Thursday at around 106.50 when tracked by the DXY US Dollar Index, afterNew York Fed President John Williams said that inflation continues to cool down, opening the door for a further drop in interest rates.
Banks Hoping For Looser Trump Reins Are Too Giddy
1732201905 from ADVSRPERSP
US banks enjoyed a sharp stock price jump on Donald Trump’s election victory; two weeks later, they’ve held onto those gains. There’s one good reason for this — and several poor ones, all to do with regulation.
Buffett’s $325 Billion Cash Hoard Is an Early Warning Signal
1732201480 from ADVSRPERSP
Berkshire Hathaway Inc. reported its stock holdings last week — a widely anticipated quarterly update of Warren Buffett’s latest trades. There were some notable ones, including the addition of Domino’s Pizza Inc. to Berkshire’s portfolio and more trimming of its stake in Apple Inc.
GBP/USD Price Forecast: Drops on risk-aversion, sellers eye 1.2600
1732201461 from FXSTREET
The Pound Sterling tumbled against the US Dollar early during the North American session as traders digested the escalation of the Russia-Ukraine conflict, the result of the US Presidential Elections, and hot UK inflation data.
Milei Says Vice President Has ‘No Influence’ on Argentina Policy
1732199996 from BLOOMBERG
Argentine President Javier Milei lambasted his vice president one year after they won a historic election, exposing a deep fracture inside the executive branch and apparently settling a heated power struggle between his influential sister and second-in-command.
Australia's Big Banks Partner With Israeli Startup To Combat Payment Scams
1732197696 from BANKING
Australia's major banks have teamed up with … project aimed at reducing fraudulent banking payments. BioCatch Trust Australia, … NAB App and Internet Banking, removing links from text … "Doing that successfully requires banks, telcos, social and digital …
US Initial Jobless Claims Fall to Lowest Level Since April
1732197448 from BLOOMBERG
Applications for US unemployment benefits unexpectedly fell by 6,000 to 213,000 last week, the lowest level since April, while continuing claims climbed a three-year high of 1.91 million. Michael McKee breaks down the numbers. (Source: Bloomberg)
GBP/USD: Little changed on the day – Scotiabank
1732197192 from FXSTREET
UK government borrowing (GBP17.4bn) rose well ahead of expectations in October while the CBI’s latest industrial trends survey suggested some moderate improvement in orders for UK manufacturing, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Digital banks lead profitability gains among Brazilian lenders, says central bank
1732195907 from BANKING
… this year, led by digital banks, and net interest income and … ) for the country's banking system rose to 15.11 … end of December 2023. Digital banks stood out, with their ROE … end of last year, digital banks consistently reported single-digit or …
Chinese banks crack down on Russia-linked transactions
1732195089 from BANKING
… Sources suggest that Chinese banks are taking precautions ahead … between regional Russian banks and Chinese banks or via payments … secondary sanctions on foreign banks for doing business with … secondary sanctions on foreign banks for working with sanctioned …
Phishing scams exploit Japan’s digital currencies as fraud cases rise: report
1732193069 from CryptoNWS
Digital currencies issued by local governments in Japan are increasingly being exploited by phishing scams, with fraudsters taking advantage of reward programs. A series of fraud cases has exposed vulnerabilities in digital currencies issued by Japanese municipalities, prompting calls for…
EUR/GBP Price Forecast: Returns to comfort of the range
1732188085 from FXSTREET
EUR/GBP continues trading in a range. The pair is probably now in a sideways trend and given the principle of technical analysis that “the trend is your friend” it will probably continue oscillating until it makes a decisive breakout one way or another.