Bonds recover after US Treasury comes to the rescue

Bonds recover after US Treasury comes to the rescue

Bonds recover after US Treasury comes to the rescue
The artificial intelligence (AI) industry is dividing itself along one of the software sector’s most fundamental debates: open versus closed source. The Monday (July 27) announcement that Nvidia had launched an AI safety coalition with companies including Capital One, CrowdStrike, DoorDash, Microsoft, IBM, SpaceX has underlined the marketplace implications of whether the most capable AI models should remain controlled by their…
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Regulatory changes, business expansion and product diversification shaped a busy week across retail trading and fintech. Regulators in Nigeria and Saint Vincent and the Grenadines introduced measures affecting leveraged products and virtual asset businesses, while Deriv secured a banking licence in SVG. Elsewhere, brokers and prop firms continued adapting to changing trader demand. AI automation,…
The $127 billion mobilised by banks through Foreign Currency Non-Resident (Bank) could generate a notional profit of around ₹5 trillion for them over five years, according to SBI Research. The deposits, through the concessional swap scheme, could support around ₹25 trillion of additional bank credit. The mobilisation happened in less than three months…
Citi says it has successfully processed live transactions on Swift’s blockchain-based ledger. The banking giant announced the completion of this effort Thursday (Sept. 3), calling it a “significant milestone in its strategy to deliver always-on, cross-currency and interoperable payment solutions for its institutional clients.” The announcement added that Citi is the first American bank to…
Key insight: Federal Reserve Chair Kevin Warsh’s push to limit his own public speaking comes as other members of the Federal Open Market Committee are speaking more than ever — and markets are listening to them, too. Expert quote: “The amount of talking about monetary policy that I did back then in the ’90s was…