Category: Bank
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ANZ expect the first Reserve Bank of New Zealand rate cut in February 2025 (prior May ’25)
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Reserve Bank of New Zealand forecasts from ANZ in New Zealand. Briefly: We have revised our forecast for the official cash rate (OCR) and now expect the first OCR cut to come in February 2025, rather than May. Domestic inflation… We expect that there will be tangible progress around the…
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Indonesia central bank to continue intervention to stabilise rupiah By Reuters
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Written by Stefano Soliman JAKARTA (Reuters) – Indonesia’s central bank will continue to intervene in the foreign exchange market to stabilize the rupiah, the governor said on Wednesday, adding that the currency will strengthen next year. The rupee recovered some of its losses on Wednesday to reach $16,265 by 0603…
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Dollar edges up ahead of key data, Bank of Canada policy meeting By Reuters
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Written by Stefano Ribaudo (Reuters) – The dollar rose ahead of key U.S. economic data on Wednesday, with investors also awaiting a monetary policy meeting in Canada that could trigger a cycle of interest rate cuts. Investors are awaiting US services data on Wednesday, and more jobs numbers later in…
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Reserve Bank of Australia Governor Bullock says she expects Q1 GDP growth to be low
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Reserve Bank of Australia Governor Bullock reads the writing on the wall for Australia’s economic growth: Australia’s very weak economic growth outlook has been cut even further Reserve Bank of Australia Governor Bullock and Assistant Governor (Financial Markets) Kent appear before the Australian Parliament Before the Senate Economic Legislation Committee…
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Bitpanda taps Deutsche Bank to process fiat transfers in Germany
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Austrian cryptocurrency exchange Bitpanda has teamed up with Germany’s largest bank Deutsche Bank to provide real-time payment solutions. Cryptocurrency exchange Bitpanda is expanding its partnership with Deutsche Bank, Germany’s largest financial lender, to provide banking solutions for inbound and outbound transactions for users in Germany. An API-based account solution will…
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Bank of America lays out the perfect scenario for stocks to rally after the May jobs report
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“We’re hiring!” A sign is displayed at a Starbucks coffee shop on Hollywood Boulevard on June 23, 2021 in Los Angeles, California.Mario Tama/Getty Images The stock market faces a big test this week with the release of the May jobs report on Friday. Bank of America said the moderate range…
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Fold Adds New Feature And Team Member To Better Bank Bitcoiners
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Folds It recently released a Direct to Bitcoin feature as part of a suite of features that the Fold team calls its Bitcoin Checking Account. Fold users can now automatically transfer anywhere from 1% to 100% of their fiat deposits into Bitcoin from a checking account from which they can…
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NRA & Cantero In The Supreme Court: Implications for Operation Choke Point 2.0 and Custodia Bank
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Yesterday, the US Supreme Court issued two important cases that will likely have wide-ranging impacts on Bitcoin and cryptocurrencies. Decisions are National Rifle Association of America v. Volo (Natural Resources Authority) And Cantero, et al. Fifth. Bank of America, NA (stonecutter). in Natural Resources Authority, the Court addressed a crucial…
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NRA & Cantero In The Supreme Court: Implications for Operation Choke Point 2.0 and Custodia Bank
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Yesterday, the US Supreme Court issued two important cases that will likely have wide-ranging impacts on Bitcoin and cryptocurrencies. Decisions are National Rifle Association of America v. Volo (Natural Resources Authority) And Cantero, et al. Fifth. Bank of America, NA (stonecutter). in Natural Resources Authority, the Court addressed a crucial…
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Highlights for next week: Bank of Canada and ECB are expected to cut rates. US jobs report
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Two central banks meet next week and are expected to cut interest rates. The Bank of Canada will announce its interest rate decision at 9:45 a.m. on Wednesday. They are expected to reduce the interest rate to 4.75% from 5.0%. The last policy change was in July 2023 when they…
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World Bank seeks sanctions, jobs for refugees in new Sh158bn loan
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The World Bank has asked the government to impose sanctions on Cabinet ministers, governors and CEOs of parastatals that continue to pay canceled concessions as part of conditions for a 157.8 billion shillings ($1.2 billion) loan to Kenya. The Washington-based bank also asked the country to lift its ban on…
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World Bank seeks sanctions, jobs for refugees in new Sh158bn loan
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The World Bank has asked the government to impose sanctions on Cabinet ministers, governors and CEOs of parastatals that continue to pay canceled concessions as part of conditions for a 157.8 billion shillings ($1.2 billion) loan to Kenya. The Washington-based bank also asked the country to lift its ban on…
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Datadog lifted to Buy at Bank of America as it establishes itself as the ‘next high quality large cap stock’ By Investing.com
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Bank of America on Thursday announced the upgrade of Datadog, Inc. (NASDAQ:) to Buy from Neutral, with an increased target price of $155, from the previous price of $143. The company cited Datadog’s strong performance and potential growth opportunities, saying it is “establishing itself as the next great quality stock.”…
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IWG Founder Sells £68.5m in Shares to Repay Bank Loan
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Mark Dixon, founder and chief executive of IWG, has sold a significant stake in the serviced office company, worth £68.5m, to repay a bank loan. Despite the sale, Dixon (64 years old) still maintains a 25.2% stake in the company. Dixon disposed of 35 million shares at just under 196p…
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IWG Founder Sells £68.5m in Shares to Repay Bank Loan
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Mark Dixon, founder and chief executive of IWG, has sold a significant stake in the serviced office company, worth £68.5m, to repay a bank loan. Despite the sale, Dixon (64 years old) still maintains a 25.2% stake in the company. Dixon disposed of 35 million shares at just under 196p…
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With one week until the Bank of Canada decision, what’s priced in?
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Macklem We are one week away from the Bank of Canada’s interest rate decision on June 5 and it looks like it will be tense in the FX market. Currently, the market expects a 61% chance of a rate cut and a 39% chance of no change to the 5.00%…
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With one week until the Bank of Canada decision, what’s priced in?
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Macklem We are one week away from the Bank of Canada’s interest rate decision on June 5 and it looks like it will be tense in the FX market. Currently, the market expects a 61% chance of a rate cut and a 39% chance of no change to the 5.00%…
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Fold Will Be Your Bitcoin Bank With CEO Will Reeves
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Founders: Will Reeves and Matt Longo Date of Establishment: 2014; Latest company release: 2019 Headquarters location: far The amount of Bitcoin held in the vault: “Stacking since the founding of Fold” Number of Employees: 22 website: https://foldapp.com/ Public or private? private Will Reeves wants Fold to be your Bitcoin bank.…
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Dick’s Sporting Goods stock surges on raised outlook, Bank of America upgrades to Buy By Investing.com
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(Updated – May 29, 2024 at 9:59 AM EST) Dick’s Sporting Goods (NYSE:) stock jumped more than 15% on Wednesday after the company reported a strong first quarter with earnings and revenue topping analysts’ expectations, prompting the company to raise its full-year guidance. The sporting goods retailer reported adjusted EPS…
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Deutsche Bank tests Ethereum-based platform to mitigate margin compression
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German banking giant Deutsche Bank AG is looking at blockchain technology as a way to alleviate margin pressure. A new report indicates that Deutsche Bank is testing an unnamed Ethereum-based platform. According to the bank, the platform offers services centered around tokenized funds. Tokenization is the process of creating blockchain-based…