Eurozone economy fades but UK and US show July growth - Industry roundup: 26 July
by Ben Poole
Over one-third of UK FIs penalised in past 12 months for regulatory compliance failures; BofA’s CashPro App tops US$500bn in payment approvals.
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FX headwinds grew in Q1, reports Kyriba – Industry roundup: 25 July
by Graham Buck
JCI-Hitachi in US$8.1bn JV sale to Bosch; BofE changes tack on liquidity management; Hungary cuts key interest rates; Revolut wins UK banking licence
UK economy had a strong start to 2024 with more GDP growth to come - Industry roundup: 24 July
by Ben Poole
Venture healthcare companies must secure new financing or face tough consequences; Finastra and CredAble to deliver SCF offering to banks.
China surprises with interest rate cut – Industry roundup 23 July
by Graham Buck
China to raise retirement age; ANZ launches real-time payments; Singapore commits US$74m for AI in finance; Bank of Canada expected to cut rates
Easing cycles and elections make for an uncertain second half of 2024 - Industry roundup: 22 July
by Ben Poole
UN calls for sustainable strategies to mitigate digital economy’s environmental impact; Global economy tipped for soft landing.
Financial losses from climate risk may be underestimated by 80% - Industry roundup: 19 July
by Ben Poole
Six months of growth for more than half of UK sectors; “Low-touch” equity trading desks fight through growing pains, UK RTGS service hits snag.
HSBC names CFO as its new chief – Industry roundup: 18 July
by Graham Buck
Tokenised US Treasurys ʺcould hit US$3bnʺ; Indonesia keeps rates on hold; Klarna mulls US IPO for 2025; ADB, AIIB fund Indian solar power project
Global manufacturing gathered further momentum in June - Industry roundup: 17 July
by Ben Poole
Payment fears putting businesses off overseas growth; Indonesia and South Korea pursue cross-border payment connectivity, UK inflation stays at 2%.
France’s audit office sounds warning – Industry roundup: 16 July
by Graham Buck
Pakistan wins U5$7 billion IMF loan; KPMG launches Clear on Climate Reporting; World Bank helps Pacific islands; La Niña threat to EM bonds
M&A uncertainty fails to slow ESG due diligence - Industry roundup: 15 July
by Ben Poole
Anglo American and Bahrain Steel complete eBL transaction for Bahrain imports; Billtrust and Visa to extend B2B payments network collaboration.
US inflation data primes markets for September rate cut - Industry roundup: 12 July
by Ben Poole
UK GDP ticked up in May; Retail investors bearish on both S&P 500 and NASDAQ 100; BofA adds intelligent transaction search to banking platform.
Japan‘s chipmakers plan US$30 billion investment in semiconductors – Industry roundup: 11 July
by Graham Buck
UK launches £7.3bn Wealth Fund; Aramco resumes USD-denominated bonds; Banks enjoyed record profits in 2023; HSBC to reshape investment banking
BIS aims to better monitor developments in global value chains - Industry roundup: 10 July
by Ben Poole
CFO and CEO views differ on sustainability and cost management; Basel Committee consults on principles for sound third-party risk management.
More companies use AI for supply chain management – Industry roundup: 9 July
by Graham Buck
French election “ends pro-business agendaʺ; South Africa to change ETF payments; RBI joins Project Nexus; Ireland's tax windfall continues
All business sectors show growth worldwide for first time in nearly three years - Industry roundup: 8 July
by Ben Poole
The EBA starts dialogue with banks on the 2025 EU-wide stress test methodology; Can the US rally continue?; CredAble publishes treasury report.
June confirms record six months for equity fund inflows - Industry roundup: 5 July
by Ben Poole
Disclosure framework and capital standard for banks’ cryptoasset exposures approved; UAE targets “zero bureaucracy” in the financial sector.
Hong Kong and France join forces on CBDCs – Industry roundup: 4 July
by Graham Buck
EIB funds North Sea wind farm; MSCI and Moody’s form ESG partnership; New facility to boost Africa trade; SMBC Aviation Capital raises US$1.5 billion
Global manufacturing input cost inflation accelerates to 16-month high - Industry roundup: 3 July
by Ben Poole
Project Nexus completes blueprint; Mashreq unveils API-enabled instant payments service for corporates; Basware integrates Amazon Business.
KPMG predicts upturn for UK economy – Industry roundup: 2 July
by Graham Buck
IFRS and IFC partner on sustainability; China’s PBOC plans to borrow bonds; BlackRock pays US$3.22bn for Preqin; Greece introduces six-day workweek
Trade finance to play substantial role in tokenised real-world assets market by 2034 - Industry roundup: 1 July
by Ben Poole
BdF and HKMA unlock CBDC cross-border opportunities; UK business confidence fell back in June; How India became the world's emerging services factor.
GenAI’s most immediate impact is explaining forecast and budget variances - Industry roundup: 28 June
by Ben Poole
Central banks told to prepare for AI’s profound impact; UK out of recession; Raiffeisen taps Surecomp to enhance trade finance customer experience.
VW shares electric dreams with Rivian – Industry roundup: 27 June
by Graham Buck
US big banks pass Fed's stress test; ECB turns down new euro members; 'Great Resignation' continues, says PwC; Australia's inflation higher
CFOs want tech-savvy successors with operational experience - Industry roundup: 26 June
by Ben Poole
Competition fuels innovation in corporate bond new issuance process; International vendors that simplify invoicing are in high demand.
Southeast Asia is favourite base for diversified supply chains – Industry roundup: 25 June
by Graham Buck
UK Labour government ʺcould borrow more”; BBVA plans German digital bank; Crime spike in cashless Sweden; China presses for lower card fees