EMERGING MARKETS-Asian currencies set for weekly losses; S.Korea shares slump
* South Korea shares fall 3% * Indonesia rupiah inches up after central bank intervenes * Thai baht set for...
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Stock Market This Week: Fed, Jackson Hole, Retail Earnings in the Spotlight
Get ready for another big week for the stock market.Investors are staring at a handful of catalysts on the radar...
Could America lose the global currency race?
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Impact On Global Crypto Markets
In recent years, a new form of digital money has been gaining serious attention across the globe — Central Bank Digital Currencies, or CBDCs. These are government-backed digital versions of a country’s official currency. Unlike traditional cryptocurrencies, CBDCs are controlled and issued by central banks, making them a hybrid of traditional money and digital innovation.The rise of CBDCs is not just a technological development. It marks a potential turning point in how money functions in the modern economy, especially in relation to the crypto market. As more countries test or...
Bank, NBFC investments in AIFs may get smoother
Banks, non-bank lenders and financial institutions may get to invest up to 10% in the corpus of alternate investment fund (AIF) schemes, in a relief for the sector that faced a central bank clampdown in December, 2023. There will be no restriction on regulated entities (REs) such as banks for investing up to 5% in the AIF scheme's corpus, Reserve Bank of India (RBI) proposed on Monday. However, if the AIF scheme invests in a company that has borrowed from the bank, then the RE must make full provision to...
EMERGING MARKETS-Taiwan dollar at 7-month high as Asian FX gains on easing US-China trade tensions
* Taiwan dollar rises 1.6% for week * Taiwan central bank to hold rates in 2025 - economist * Bank of Thailand eyed to further ease rates By Rishav Chatterjee May 2 (Reuters) - The Taiwan dollar reached a seven-month peak on Friday after the country lifted its annual growth forecasts, while most Asian currencies rose as hopes of easing U.S.-Sino trade tensions helped risk sentiment across emerging markets. Taiwan's currency rose 2% to its highest since October 1, 2024 and is set to log a weekly gain of 1.6%....
De-Dollarization: Even India’s Now Touting the Use of Rupee for Trade
It's not just China that's trying to internationalize its national currency. India's now at it too, as the Reserve Bank...
