Forwarded from Financial World Updates
🇺🇸 SUMMARY OF FED CHAIR POWELL'S COMMENTS (5/14/24):
1. "Overall a good picture looking at US economic data"
2. Inflation was notable in Q1 for the lack of further progress
3. Housing inflation has been a bit of a puzzle for the Fed
4. Restrictive policy may take longer than expected to lower inflation
5. Unlikely the Fed's next move will be an interest rate hike
6. "Credibility is everything for central banks"
@FinancialWorldUpdates
1. "Overall a good picture looking at US economic data"
2. Inflation was notable in Q1 for the lack of further progress
3. Housing inflation has been a bit of a puzzle for the Fed
4. Restrictive policy may take longer than expected to lower inflation
5. Unlikely the Fed's next move will be an interest rate hike
6. "Credibility is everything for central banks"
@FinancialWorldUpdates
Forwarded from BRICS News
JUST IN: 🇺🇸 🇮🇷 United States threatens to sanction any country that signs trade deals with Iran.
@BRICSNews
@BRICSNews
Forwarded from Shar
Network update: the Stellar Testnet has been upgraded to Protocol 21. Here's what comes next:
▪️ May 30: Stable releases of Stellar Core, Horizon, RPC
▪️ June 11: Testnet reset
▪️ June 18: Mainnet upgrade vote
Check the Protocol 21 Upgrade Guide for the most up-to-date instructions and announcements:
stellar.org/blog/developer…
https://x.com/stellarorg/status/1790433402556149985?s=52&t=8bEIB6i5qHHc_gCV9oGaKA
▪️ May 30: Stable releases of Stellar Core, Horizon, RPC
▪️ June 11: Testnet reset
▪️ June 18: Mainnet upgrade vote
Check the Protocol 21 Upgrade Guide for the most up-to-date instructions and announcements:
stellar.org/blog/developer…
https://x.com/stellarorg/status/1790433402556149985?s=52&t=8bEIB6i5qHHc_gCV9oGaKA
stellar.org
Stellar | Not found
Stellar, or Stellar Lumens, is an open source, decentralized protocol for digital currency to fiat money low-cost transfers which allows cross-border transactions between any pair of currencies.
US Government quadruples tariffs on Chinese-made electric cars - Drive
https://www.drive.com.au/news/us-quadruples-tariffs-on-chinese-evs/
https://www.drive.com.au/news/us-quadruples-tariffs-on-chinese-evs/
Drive
US Government quadruples tariffs on Chinese-made electric cars
Chinese electric cars imported to the US will now pay their value in tariffs on arrival, under new laws.
Singapore stocks fall at Wednesday’s open; STI down 0.4%
https://www.businesstimes.com.sg/companies-markets/singapore-stocks-fall-wednesdays-open-sti-down-0-4
https://www.businesstimes.com.sg/companies-markets/singapore-stocks-fall-wednesdays-open-sti-down-0-4
The Business Times
Singapore stocks fall at Wednesday’s open; STI down 0.4%
SINGAPORE shares dipped on Wednesday (May 15) morning, dragged mainly by index counter declines after a global rally overnight.
#Singapore
Lawrence Wong to be sworn in as PM: How has the ceremony changed since 1959?
| The Straits Times
https://www.straitstimes.com/singapore/politics/lawrence-wong-to-be-sworn-in-as-pm-how-has-the-ceremony-changed-since-1959
Lawrence Wong to be sworn in as PM: How has the ceremony changed since 1959?
| The Straits Times
https://www.straitstimes.com/singapore/politics/lawrence-wong-to-be-sworn-in-as-pm-how-has-the-ceremony-changed-since-1959
The Straits Times
Lawrence Wong to be sworn in as PM: How has the ceremony changed since 1959?
The ceremony has evolved from a low-key closed-door event into a big celebration with over 1,000 guests. Read more at straitstimes.com.
Now #Citi's Singapore head of FX sales is leaving too
#StepDown
https://www.efinancialcareers.com/news/now-citi-s-singapore-head-of-fx-sales-is-leaving-too
#StepDown
https://www.efinancialcareers.com/news/now-citi-s-singapore-head-of-fx-sales-is-leaving-too
eFinancialCareers
Now Citi's Singapore head of FX sales is leaving too
Exits in Singapore.
Forwarded from Goldilocks - QFS Conversations ™ (Official Page)
DTCC Comments on Industry’s Affirmation Progress | DTCC
https://www.dtcc.com/news/2024/may/13/dtcc-comments-on-industrys-affirmation-progress#:~:text=The%20U.S.%20transition%20to%20a,ensuring%20readiness%20for%20the%20T
https://www.dtcc.com/news/2024/may/13/dtcc-comments-on-industrys-affirmation-progress#:~:text=The%20U.S.%20transition%20to%20a,ensuring%20readiness%20for%20the%20T
Dtcc
DTCC Comments on Industry’s Affirmation Progress, With T+1 Implementation Two Weeks Away
The U.S. move to T+1 is two weeks away, and DTCC continues to actively work with the industry to ensure a seamless transition on May 28th
#DeutscheBank joins Singapore's #ProjectGuardian to advance asset tokenization
- Crypto Briefing
https://cryptobriefing.com/deutschebank-sg-project-guardian-interoperability/
- Crypto Briefing
https://cryptobriefing.com/deutschebank-sg-project-guardian-interoperability/
Crypto Briefing
Deutsche Bank joins Singapore's Project Guardian to advance asset tokenization
Deutsche Bank joins Singapore's Project Guardian to advance asset tokenization, collaborating with Memento Blockchain and Interop Labs to drive innovation in DeFi.
Chief Minister in London for meetings | GBC - #Gibraltar News - GBC TV and Radio Gibraltar
https://www.gbc.gi/news/chief-minister-london-meetings
https://www.gbc.gi/news/chief-minister-london-meetings
www.gbc.gi
Chief Minister in London for meetings
Gibraltar News, GBC News, Latest Gibraltar News
LNG-powered ship boosts #Yangtze transportation - Chinadaily.com.cn
https://www.chinadaily.com.cn/a/202405/15/WS6644134ba31082fc043c72a6.html
https://www.chinadaily.com.cn/a/202405/15/WS6644134ba31082fc043c72a6.html
China Daily
LNG-powered ship boosts Yangtze transportation
At 3:30 pm on Saturday, the Yangtze River transportation history added a new chapter when a new liquefied natural gas-powered ship, the Innovation 5, loaded with 5,400 metric tons of imported grain, arrived at Chongqing Luohuang Port from Zhoushan, Zhejiang…
From River Nile to Congo, here are the top 10 longest rivers in the world | Trending News - The Indian Express
https://indianexpress.com/article/trending/trending-globally/top-10-longest-rivers-in-the-world-9327929/
https://indianexpress.com/article/trending/trending-globally/top-10-longest-rivers-in-the-world-9327929/
The Indian Express
From River Nile to Congo, here are the top 10 longest rivers in the world
Discover the top 10 longest rivers globally, exploring their lengths, locations, and the diverse countries they traverse.
Upper reaches of Yangtze River welcome 1st 10,000-tonne-class ship-Xinhua
https://english.news.cn/20240513/00070810d6b344c98997a530b8cea0d8/c.html
https://english.news.cn/20240513/00070810d6b344c98997a530b8cea0d8/c.html
english.news.cn
Upper reaches of Yangtze River welcome 1st 10,000-tonne-class ship
A 10,000-tonne-class sea-going vessel has arrived in China's Chongqing, becoming the first ship of its size to sail into the upper reaches of the Yangtze River. #China #Yangtze #River #ship #vessel
Forwarded from @MTODAYNEWS 👈 RT News new channel!!!
⚡️Boeing could be criminally prosecuted after it allegedly breached terms of 2021 agreement, feds say
Federal investigators accused Boeing of violating the terms of a 2021 deferred prosecution agreement, according to a letter filed in a Texas court Tuesday.
In January 2021 following two crashes of 737 Max jets years earlier that killed 346 people, the company did not make necessary changes to their production policies to effectively meet requirements in the $2.5 billion settlement in exchange for the Justice Department dropping a fraud conspiracy charge.
🟩 @RTnews_unc3
Federal investigators accused Boeing of violating the terms of a 2021 deferred prosecution agreement, according to a letter filed in a Texas court Tuesday.
In January 2021 following two crashes of 737 Max jets years earlier that killed 346 people, the company did not make necessary changes to their production policies to effectively meet requirements in the $2.5 billion settlement in exchange for the Justice Department dropping a fraud conspiracy charge.
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Forwarded from @MTODAYNEWS 👈 RT News new channel!!!
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Gazans returned to their homes in the Zeytun area after IDF forces withdrew
Scenes of sheer destruction awaited the civilians.
🟩 @RTnews_unc3
Scenes of sheer destruction awaited the civilians.
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VIEW IN TELEGRAM
#Commerzbank
The German banking concern has cut ties with Russia - Oreanda-News
https://www.oreanda-news.com/en/finansy/the-german-banking-concern-has-cut-ties-with-russia/article1514841/
The German banking concern has cut ties with Russia - Oreanda-News
https://www.oreanda-news.com/en/finansy/the-german-banking-concern-has-cut-ties-with-russia/article1514841/
Oreanda-News
The German banking concern has cut ties with Russia
In the first quarter of 2024, the German banking concern Commerzbank got rid of some of its assets related to Russia. The reduction of ties with businesses from the Russian Federation is stated in the organization's reports
Tata Banking & PSU Debt Fund to merge with Tata Corporate Bond Fund from June 15
https://www.cnbctv18.com/personal-finance/tata-banking-psu-debt-fund-to-merge-with-tata-corporate-bond-fund-from-june-15-should-investors-exit-19411977.htm
https://www.cnbctv18.com/personal-finance/tata-banking-psu-debt-fund-to-merge-with-tata-corporate-bond-fund-from-june-15-should-investors-exit-19411977.htm
CNBCTV18
Tata Banking & PSU Debt Fund to merge with Tata Corporate Bond Fund from June 15
From June 15 onwards, Tata Banking & PSU Debt Fund will be dissolved, and its unit holders will transition to becoming unit holders of Tata Corporate Bond Fund.
#Tencent Cloud, BRI and Hi Cloud Indonesia to drive banking technology
https://ibsintelligence.com/ibsi-news/tencent-cloud-bri-and-hi-cloud-indonesia-to-drive-banking-technology/
https://ibsintelligence.com/ibsi-news/tencent-cloud-bri-and-hi-cloud-indonesia-to-drive-banking-technology/
IBS Intelligence
Tencent Cloud, BRI and Hi Cloud Indonesia to drive banking technology
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride in covering 400+ technology vendors globally – the largest…
Why Banks Are Worried About the #BaselIIIEndgame’
😉😉
- Knowledge at Wharton
https://knowledge.wharton.upenn.edu/article/why-banks-are-worried-about-the-basel-iii-endgame/
😉😉
- Knowledge at Wharton
https://knowledge.wharton.upenn.edu/article/why-banks-are-worried-about-the-basel-iii-endgame/
Knowledge at Wharton
Why Banks Are Worried About the ‘Basel III Endgame’
Wharton professor David Zaring explains how the proposed Basel III Endgame banking rules could impact U.S. banks.
US Banking Shake-Up:
Could Half Of Banks Disappear?
- Finimize
https://finimize.com/content/us-banking-shake-up-could-half-of-banks-disappear
Could Half Of Banks Disappear?
- Finimize
https://finimize.com/content/us-banking-shake-up-could-half-of-banks-disappear
Finimize
US Banking Shake-Up: Could Half Of Banks Disappear?
Rising interest rates and operational challenges may lead to significant consolidation, according to a Nomura analyst.