The Reserve Bank of India on Thursday told a parliamentary panel that virtual digital assets like cryptocurrency are a threat to an emerging economy like India and such assets should not be legalised in the country.The RBI also told the Parliamentary Standing Committee on Finance, headed by BJP mem…
Desmond Leong’s presentation at the FM Singapore Summit 2026 argued that broker loyalty programs should be treated less as a giveaway scheme and more as a structured retention engine that shapes client behavior across the full lifecycle, from onboarding to re-engagement.The core message was simple…
CANBERA (dpa-AFX) - Sentiment in global markets improved as a sharply lower-than-expected payrolls data from the U.S. on Thursday morning caused markets to tone down fears of an immediate rate hike by the Federal Reserve.According to the CME FedWatch tool that tracks the expectations of interest ra…
Ondo Finance has launched what it describes as the first live third-party tokenized U.S. securities solution operating within the existing U.S. regulatory framework. The company partnered with Broadridge Financial Solutions to provide shareholder communications and proxy voting rights for token hol…
MONTREAL, July 2, 2026 /PRNewswire/ -- Nuvei, the global fintech building the infrastructure for every payment, everywhere, today completed a live agentic-commerce proof of concept with Visa, Arvato Systems, and fashion brand Kings and Priests. In the transaction, a merchant's AI agent initiated a…
MONTREAL, July 2, 2026 /PRNewswire/ -- Nuvei, the global fintech building the infrastructure for every payment, everywhere, today completed a live agentic-commerce proof of concept with Visa, Arvato Systems, and fashion brand Kings and Priests. In the transaction, a merchant's AI agent initiated a…
CANBERA (dpa-AFX) - The Japanese yen strengthened against other major currencies in the European session on Thursday, due to rising investor expectations of government intervention.Japanese officials are reportedly giving up their long-standing practice of telegraphing intervention risks, according…
The rupee pared initial gains and settled for the day on a negative note, lower by 18 paise at 95.34 (provisional) against the US dollar on Thursday, as the support from easing crude oil prices was negated by robust dollar demand from importers and corporate hedgers.Forex traders said the Indian ru…
By Megan Cheah and Fabiana Negrin OchoaGlobal fund managers are retaining their yen positions despite the currency's fall to its lowest level against the dollar in 40 years, taking a patient approach as speculation swirls that Japan could intervene again.Even if Japan steps in to support the yen, t…
BRUSSELS (dpa-AFX) - The U.S. dollar retreated against its most major counterparts in the New York session on Wednesday.The greenback retreated to 1.1411 against the euro and 0.8078 against the franc, from an early 5-day high of 1.1361 and a 6-day high of 0.8119, respectively.The greenback eased to…
CANBERA (dpa-AFX) - The Japanese yen strengthened against other major currencies in the European session on Thursday.The yen rose to a 6-day high of 183.77 against the euro, a 2-week high of 160.92 against the U.S. dollar and a 3-day high of 199.57 against the Swiss franc, from early lows of 185.09…
According to Reuters, Japanese officials are abandoning their habit of telegraphing intervention risks, instead signaling a more targeted campaign to squeeze speculators and raise the cost of betting against the battered yen, according to two sources familiar with the matter.Departing from the cali…
Integral has added Lloyds to its foreign exchange network as a liquidity provider, giving the UK bank a route to stream currency pricing to institutional clients that already run the vendor's technology. The Palo Alto-based currency technology firm announced the move on Thursday.Integral said its c…
BMLL and Exponential Technology have launched a data product that tries to answer a question equity traders have long chased: when a stock moves, is it institutions or retail investors doing the buying?The two firms said today (Thursday) that the tool, XTech US Equity Flow, breaks down US order boo…
Robinhood used a London keynote billed as "The World is Flat" to confirm what UK customers have been waiting for: crypto trading is coming to Britain. In the same announcement, the company revealed it is significantly widening its perpetual futures offering across the wider European market.The dual…
The State Bank of Vietnam warned that inflationary pressures are likely to remain elevated throughout the year and said it has taken steps to ensure liquidity in the banking system and stabilize the dong amid global economic uncertainty, according to Bloomberg.
The Indian rupee opened higher on July 2, aided by a further drop in oil prices, though traders expect the relief to be short-lived amid weakness in Asian peers and higher U.S. yields.The rupee opened with a gain of 32 paise at 94.92 against the US dollar on Thursday, compared to Wednesday's close…
The Bank of Japan has a stronger case to consider an early interest-rate hike as business activity remains robust and the tumbling yen threatens to push inflation above its price target, according to Bloomberg.
Global investors’ interest in South Korea’s economy and capital markets has “clearly changed” for the better in recent years, the country’s top finance ministry official said, as the won prepares to shift to round-the-clock trading on July 6, according to Bloomberg.
China’s central bank, the People’s Bank of China (PBOC), set the yuan’s central parity rate against the U.S. dollar at 6.8088, 21 pips weaker than the previous session’s 6.8067, according to 36Kr. The prior session’s official close was 6.7935, while the offshore yuan last closed at 6.7880.