Over the last 15 years, the Japanese yen has steadily weakened, falling from around 76 yen per dollar to a recent low of nearly 164, with the dollar yen exchange rate reflecting the widening monetary policy gap between Japan and the US. One of the main reasons is that for years the Bank of Japan…
Home Awards Award Winners Best Sub-Custodian Banks 2026: Central and Eastern Europe Global Finance honors the financial institutions modernizing sub-custody. Central and Eastern Europe UNICREDIT Julia B. Romhanyi, UniCredit In Central and Eastern Europe (CEE), UniCredit is bolstering its franchise through enhancements to its business model. The recent launch of an internal strategic initiative is designed…
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This frame grab taken from AFPTV video footage on July 12, 2026 shows cargo ships anchoring near the Strait of Hormuz off the eastern coast of the United Arab Emirates at Khor Fakkan. AFPTV | Getty Images An agreement to reopen and ensure maritime security on the Strait of Hormuz is imminent, President Donald Trump…
The reversal began in late June. Concerns that major US technology companies had overbuilt AI data centres, coupled with disappointing earnings, erased 27% of SK hynix’s market value in just three trading sessions in late July, dragging Samsung lower as well. The potential for increased Chinese competition compounded the pressure. Falling prices triggered margin calls,…
Crude prices rebounded on Wednesday after Yemen’s Iran-backed Houthi miitants claimed they had struck a Saudi Arabian tanker in the Red Sea. Brent crude, the international price benchmark, was last seen trading at $80.32 a barrel, an increase of more than 1.2%, while U.S. West Texas Intermediate futures for September delivery rose 0.67% to $76.28….
Credit-based insurance scores are used to help adequately risk-based price homeowners insurance, so lower risk consumers are not subsidizing higher risk ones, the Insurance Information Institute said. Processing Content Triple-I’s comments came in response to a letter to six insurers signed by 20 members of Congress, led by Sen. Elizabeth Warren, D.-Massachusetts in her role…
A survey by the Cambridge Centre for Alternative Finance, cited by the Bank of England, found 52 percent of finance firms already using agentic AI. Regulators, meanwhile, have grown more cautious. In Canada, the Office of the Superintendent of Financial Institutions privately warned major banks that advanced AI systems could heighten cyber risk, PYMNTS reported, and…
While business and professional filers of ITR-3 and ITR-4 get more time, even those who missed the 31 July deadline get a chance to file a belated ITR, though with a penalty.
Federal and provincial authorities have presented a flurry of policies to tackle the housing crisis – with varying levels of success