AFC Appoints CBN Governor, Yemi Cardoso Board Chairman
Nume Ekeghe in Bangkok, Thailand The Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, yesterday announced the...
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Standard Chartered delays $2T stablecoin forecast to 2030 as supply stalls
Standard Chartered has shifted its prediction for the stablecoin sector hitting $2 trillion from 2028 to 2030 due to stagnation in supply growth as the sector...
Uzbek Banks Aim to Issue Online Microloans Within One Hour
Uzbekistan's Central Bank plans to expand SME financing by enabling banks to issue online microloans in an average of one hour by 2030.
Cyprus Business Now: fintech, fuel, port, medical innovation, rural women
Oil prices climbed towards $107 a barrel on Wednesday, as fresh attacks on tankers in the Strait of Hormuz and Saudi Arabian energy infrastructure threatened the...
Stablecoin Reserve Requirements Explained
U.S. and E.U. regulation imposes strict controls on the assets backing stablecoins. Learn how this affects USDC, USDT and other major coins.
Rupee rises 32 paise as forex measures and lower crude support sentiment
New Delhi, Oct 15 (SocialNews.XYZ) The Indian rupee strengthened by 32 paise to 94.85 against the US dollar in early trade on Thursday, extending its recent gains...
LIC shares climb 2% as IDBI Bank strategic buyer Fairfax gets government approval
LIC will retain a 19% stake in IDBI Bank, while the government will hold a residual 15% stake. The Ministry of Finance said both shareholders would withdraw their...
Korean stocks tumble 8% as investors rush to unwind AI exposure
A closely watched US gauge of semiconductor stocks has erased US$1.6 trillion in market value in a six-day losing streak.
Top forecaster says Fed may hike rates half a point in December
Federal Reserve Chair Kevin Warsh shifted the Fed into hiking mode last month — for the first time since 2023 — in an attempt to tame rising inflation.