Author: Press Room
© Reuters. The People’s Bank of China (PBOC) announced plans on Friday to integrate its fintech regulatory tools with Hong Kong and Macao, aiming to fortify cross-border fintech applications. The announcement was made by Deputy Governor Zhang Qingsong at the HK FinTech Week. The initiative involves collaboration with the Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao, incorporating HKMA’s Fintech Supervisory Sandbox. As part of this initiative, Octopus Cards Ltd and the Bank of China (Hong Kong) (BOCHK) will facilitate the use of e-CNY in Hong Kong, with support from the Financial Services and the Treasury Bureau.…
Newly elected GOP House Speaker Mike Johnson’s financial portfolio represents a substantial divergence from his predecessors who owned millions of dollars in assets and actively traded stocks.According to Johnson’s most recent annual financial disclosure report filed in August, he doesn’t own any stocks and reported only liabilities — a 2013 home mortgage worth up to $500,000, a personal loan of up to $50,000 from 2016 and a home equity line of credit of up to $50,000 he secured in 2019. Johnson’s disclosures, though, were scrutinized, and a reporter raised questions about the new speaker’s financial health.Jordan Libowitz, an ethics expert, was…
Oil and gas majors BP and Shell have both announced share buybacks and stable dividends in what is … [+] looking like a strong end to the year.getty By looks of it both BP (LON: BP) and Shell (LON: SHEL) are focused on enhanced shareholder returns over the near-term. Both energy majors announced share buybacks and stable dividends earlier this week. The payouts by both were increased earlier this year but are still lower than pre-Covid levels. So what should investors make of it all as the end of the trading year nears and 2024 approaches. Let’s first get a…
French athlete and former Mountain Bike champion Aurelien Fontenoy makes a bungee jump on his bike … [+] from the Artuby bridge, the highest bridge in Europe with 182 m of height, near Comps-sur-Artuby on July 24, 2021, southeastern France. – (Photo by Christophe SIMON / AFP) (Photo by CHRISTOPHE SIMON/AFP via Getty Images)AFP via Getty Images Hopefully, everyone reading this knows to add a beneficiary to their retirement accounts. I’m guessing a few of you know that you can add a Transfer on Death beneficiary to your other investment accounts. Adding a Transfer on Death beneficiary can be an…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.British Steel is closing in on a taxpayer support package that could be worth as much as £500mn to help it preserve the future of its flagship site at Scunthorpe as part of a switch to greener forms of steelmaking.UK ministers earlier this year offered £300mn in aid but Chinese owner Jingye wants the same amount that was given to larger rival Tata Steel as part of an agreement struck in September, according to two people familiar with the situation.A package of…
© Reuters. Today, an Automated Clearing House (ACH) issue led to deposit delays across several major banks, including Bank of America, Chase, US Bank, Truist, and Wells Fargo. The problem initially emerged on Friday morning when Bank of America alerted its customers of potential delays, citing an industry-wide concern rather than a bank-specific problem. The issue disrupted direct deposits commonly used for paychecks, causing inconvenience on payday Friday. This incident mirrors a similar one that occurred in January, where problems with Zelle transfers resulted in overdraft fees, lost money, and negative account balances for Bank of America’s online customers. In…
© Reuters. FILE PHOTO: A man smokes cannabis during the informal annual cannabis holiday in Denver, Colorado, U.S., April 20, 2023. REUTERS/Kevin Mohatt/File Photo By Bansari Mayur Kamdar (Reuters) – After a dizzying rally in September, exchange-traded funds tracking cannabis stocks have fallen to earth on fading hopes over pot legalization in the United States. The AdvisorShares Pure U.S. Cannabis ETF, which has net assets of $467.2 million, fell 29.5% in October after a 17.6% gain in September. The smaller $2.5-million Roundhill Cannabis ETF shed nearly 31% in October following a 21% surge a month earlier. They are on track…
VanEck CLO ETF declares monthly distribution of $0.2518
© Reuters. In a significant turn of events, the Nigerian Naira has appreciated against the United States dollar, trading below N1,000 for the first time in 44 days across all markets, including the black market. As of Thursday, the Naira traded at N995 against the US dollar, marking an appreciation by N118 within hours. This substantial increase is largely attributed to the Central Bank of Nigeria’s (CBN) “Settlement of Matured FX Forwards by CBN” initiative that cleared forex obligation backlogs to international entities like Citi Bank on Wednesday. This initiative also extends to commercial banks and airlines, as part of…
Since taking office, President Biden has traveled a grim path through American communities desperately grieving in the wake of mass shootings: Uvalde, Texas; Monterey Park, Calif.; Buffalo; Atlanta.On Friday, he adds another to the list: Lewiston, Maine.For more than two hours, Mr. Biden will huddle privately with the families of those killed or injured during last month’s rampage that claimed the lives of 18 people at a bar and a bowling alley in the city about an hour north of Portland. He will also meet with nurses, local officials and the first responders who spent two days in a manhunt…