Hong Kong crackdown conflicts with financial hub goal – Industry roundup: 21 March
by Graham Buck
Reddit valued at US$6.4bn ahead of IPO; Malaysia expects 4-5% growth in 2024; Fed reassures on rate cuts; UK retailers get embedded finance lift
News
Europe targets more efficient banking industry data reporting - Industry roundup: 20 March
by Ben Poole
UK inflation drops to 3.4%; Swift to develop CoP service for Australian Payments Plus; 85% of financial services firm tasks would benefit from GenAI.
Deloitte restructures amid dealmaking drought – Industry roundup: 19 March
by Graham Buck
Japan agrees first rate hike since 2007; Unilever loses taste for ice cream; M&S plans new deal with HSBC; EU progresses on supply chain law
Supply chains are shifting between Asia and the US - Industry roundup: 18 March
by Ben Poole
Digital transformation in financial services reaches new level of maturity; GTreasury extends API connectivity suite into APAC.
AI boosts supply chain agility - Industry roundup: 15 March
by Ben Poole
Phase 2 of e-HKD pilot launches; Global supply chain capacity signals manufacturing recovery; Assessing the changing face of ETF administration.
India’s economic boom echoes 2003-07, says Morgan Stanley – Industry roundup: 14 March
by Graham Buck
Japan's unions win major pay hikes; Swift to assist Bangladesh central bank; Israel plans for shekel CBDC; €240m funding for sustainability in Africa
European corporates still rely on too few FX counterparties - Industry roundup: 13 March
by Ben Poole
US annual inflation creeps up; Most UK areas saw business activity rise in February; Global derivatives markets must become more efficient to grow.
Japan nears end of negative interest rates era – Industry roundup: 12 March
by Graham Buck
Egypt’s inflation jumps to 35.7%; India signs US$100bn free trade deal; NatWest to exit BNPL market; Inditex investors seek supply chain transparency
Importance of ethical AI guidelines corresponds with revenue growth - Industry roundup: 11 March
by Ben Poole
Can the Nikkei's record rally continue?; US payroll employment increase beats expectations; Wells Fargo to expand capabilities in Singapore’s eFX hub.
Canada’s ‘Big Five’ banks undermining own net zero commitments - Industry roundup: 8 March
by Ben Poole
HKMA unveils wholesale CBDC project; Islamic finance sector will retain strong momentum in 2024; Allianz Trade launches B2B e-commerce tools.
US bank secures US$1 billion rescue deal – Industry roundup: 7 March
by Graham Buck
China's foreign trade rebounds; EU to water down supply chain law; UK's Nationwide to acquire Virgin Money; South Africa records 0.6% growth in 2023
Insolvencies already above pre-pandemic levels in most advanced economies
by Ben Poole
After two gradual rebounds in 2022 and 2023, global insolvencies are set to accelerate again in 2024.
US market rally drives surging inflows to equity funds - Industry roundup: 6 March
by Ben Poole
Central Bank of Ireland sets out National Payments Plan priorities; Mastercard and Central Bank of Jordan to build national digital payment ecosystem.
China sets this year’s growth target at 5% – Industry roundup: 5 March
by Graham Buck
ADB gives more to climate change funding; Nikkei finally breaks 40,000 level; US deficit fuels 'debt debasement'; Brazil's dengue fever toll
US FIs not ready to meet ISO 20022 business demand - Industry roundup: 4 March
by Ben Poole
Growth for G-20 economies to stabilise at lower levels in 2024; The election super cycle’s impact on the global economy; UK house price growth.
CFIT delivers recommendations for open finance in UK - Industry roundup: 1 March
by Ben Poole
US business owner optimism flying high; Rabo pilot issues €2bn in CP on blockchain; Barclays sells US credit card receivables to Blackstone.
Nigeria hikes rates to support currency – Industry roundup: 29 February
by Graham Buck
US economy ends 2023 on a high; Deutsche updates sustainable investment guide; Verizon completes sixth green bond; Action plan on plastic pollution
Survey points to additional US rate cut - Industry roundup: 28 February
by Ben Poole
Sweden joins TIPS; Finance leaders should consider change fatigue in project planning; Crédit Agricole expands Asia receivable and SCF offering.
EU adopts euro instant payments rules – Industry roundup: 27 February
by Graham Buck
South Korea boost for open banking; Frankfurt to host new AML authority; China "exports to US via Mexico"; BNY Mellon launches US dim sum bond service
SocGen and Kyriba to streamline FX hedging - Industry roundup: 26 February
by Ben Poole
Flash PMI data shows euro contraction but expansion in UK and US; Lloyds Bank joins WaveBL; Gold prices are forecast to rise 6% in 12 months.
59% of accountants make several financial errors a month - Industry roundup: 23 February
by Ben Poole
SWIFT promotes ISO 20022 adoption; Hong Kong should uses fiscal reserves to boost regional HQ status
Germany sees its economy on hold this year – Industry roundup: 22 February
by Graham Buck
China charge mars HSBC results; MCR buys London's BT Tower; Russia economy avoids disaster; Brazil ready for green FX hedging
37% of CFOs don’t completely trust their firm’s financial data - Industry roundup: 21 February
by Ben Poole
Contour Network resurrected by fintech platform Xalts; Instimatch and Frontclear plan to revolutionise African electronic repo trading.
France trims 2024 growth forecast to 1% – Industry roundup: 20 February
by Graham Buck
Barclays returns £10bn to investors; War impacts on Israel's economy; ANZ-Suncorp merger gets green light; Investors shun riskiest US corporate bonds