The likelihood that interest rates will settle at a higher level than the past decade will help European stocks to outperform their global peers, according to Citigroup Inc. strategists. from Bloomberg Markets https://ift.tt/0czEPil
The Korean owners of one of Frankfurt’s best known skyscrapers failed to agree a restructuring plan for a loan tied to the building, paving the way for insolvency proceedings. from Bloomberg Markets https://ift.tt/YHCg7Po
Coinbase is launching a political campaign to support pro-crypto presidential candidates and remove anti-crypto politicians from office, according to a blog post by the firm’s CEO Brian Armstrong. Brian Armstrong urged cryptocurrency enthusiasts to vote against anti-crypto politicians ahead of the November election. “While we are willing to talk to everyone, even our harshest critics,…
In a move to improve traditional cross-border payments, the Bank for International Settlements (BIS) has announced the launch of Project Rialto. This project aims to enhance instant cross-border payments by integrating a modular foreign exchange (FX) component with settlement in wholesale central bank digital currencies (CBDCs). The initiative, a collaboration between the BIS Innovation Hub…
Joe Biden walks a political tightrope as his only son goes on trial and faces 25 years in prison. https://ift.tt/Ghdq5mb June 04, 2024 at 11:12AM
Amid a backdrop of instability where Notcoin prices are tumbling, and Ethena tokens are showing heightened fluctuations, the crypto market is on the mend. In this volatile environment, investors are increasingly drawn to BlockDAG, a standout layer 1 project. Already, BlockDAG’s presale has successfully garnered over $40.8 million, firmly establishing it as a frontrunner in…
A former Georgia police officer charged with murder in the death of 16-year-old Susana Morales rejected the prosecution’s plea deal before jury selection began Monday. Miles Bryant, 23, told the court he was ready to go to trial on murder charges in connection with the girl’s death. He is accused of kidnapping and killing her…
The selloff in Indian stocks in the wake of a possibly narrower-than-expected victory for Prime Minister Narendra Modi has weighed on the broader Asian market. from Bloomberg Markets https://ift.tt/tO4F8Xy
European stocks fell ahead of a busy week, with investors awaiting US economic data while looking forward to Thursday’s European Central Bank decision. from Bloomberg Markets https://ift.tt/5pR7J6f
South Korea’s top financial watchdog sought to defend the effectiveness of the nation’s efforts to boost stock value, pledging to root out so-called zombie firms that weigh on local markets. from Bloomberg Markets https://ift.tt/PSBxNyT