Ascory Bank AG partners with Mount Street to enhance monitoring and credit management
Mount Street has been appointed by Ascory Bank AG to provide outsourced portfolio administration, monitoring and surveillance services across the bank’s portfolio. The scope also includes the design, implementation and maintenance of a bespoke rating framework for its structured finance exposures.
HitPay launches CFO Stack to simplify SME finance operations
HitPay, a payment platform for small and medium-sized enterprises across Southeast Asia, today launched the first phase of its CFO Stack, a suite of finance tools designed to help businesses manage more payment operations in one place.
Crypto
UAE, Sweden Arrest Seven Over $7.1M Crypto Laundering Ring Linked to Contract Killings
Investigators say tracing the network's crypto transactions exposed links to organized crime and murder-for-hire.
Commodities
Here’s what BoE tightening means for EUR/GBP
Commodities
Citi sees EUR/JPY falling below ¥175 despite near-term rebound risk
What are the main events for today?
EUROPEAN SESSIONIn the European session, we don't have much on the agenda other than a couple of low-tier releases like the Eurozone current account and Italian construction output. The data won't change anything for the ECB, so the market reaction will likely be muted. AMERICAN SESSIONIn the Americ
UK retail sales unexpectedly rise in August, backed by recovery in department stores, non-store retailers
UK August retail sales +0.5% vs -0.2% m/m expectedPrior -0.5%UK August retail sales +2.4% vs +1.9% y/y expectedPrior +1.6%; revised to +1.2%UK August retail sales (ex autos, fuel) +0.6% vs -0.2% m/m expectedPrior -0.9%UK August retail sales (ex autos, fuel) +2.7% vs +1.9% y/y expectedPrior +2.3%; re
investingLive Asia-Pacific market news: BoJ hike and RBA hawkish tilt
Yen weakens on BoJ hike as two dissents temper hawkish read Alt headlines:Bank of Japan (BOJ) raises policy rate by 25bp, as expectedRe Airbus, Pratt & Whitney: French airline has grounded a newly upgraded aircraftGoldman keeps $5,400 gold forecast intact despite Fed hikeUBS sees two more RBA hikes
Canadian fintech VC Portage closes US$600m fund
Toronto-based investment firm Portage has raised US$600 million for its latest fintech fund.
Japan August inflation: Headline CPI 1.9% y/y (expected 2%)
Just the data here, I'll have more to come on this separately.August y/y headline CPI 1.9%expected 2.0%, prior 1.9%CPI Ex-Food and Energy (AKA core-core CPI) 1.7% expected 2.0%, prior 1.8%Ex-Food CPI (AKA core CPI) 1.7% expected 1.8%, prior 1.8%Background:Preview: BoJ rate hike bet stays intact as J
New Zealand data, food price inflation in August same as in July
New Zealand August data. Trade Balance -1349mn Expected -1775mn, Prior -2118mnAnnual Trade Balance -5.44bnImports 8bn Prior 9.33bnExports 6.66bnPrior 7.22bn ---Food Prices (y/y) 1.9% Prior 1.9%for the m/m +0.3% This article was written by Eamonn Sheridan at investinglive
investingLive Americas FX news wrap 17 Sept
US September Philly Fed business index +37.8 vs +30.5 expectedUS August housing starts 1.275m vs 1.309m expectedUS initial jobless claims come in at 196K vs 208K estimateCanada August producer price index +1.3% m/m vs +0.6% priorBOE's Bailey: Decision on rates will get more difficult the longer the
Banking
State regulators float AI framework for banks, examiners
The Conference of State Bank Supervisors issued discretionary guidance that proposes eight questions examiners should consider and three tiers of risk banks face by using artificial intelligence.
UK payments firm Ryft raises £20m for European push
Manchester-based payments infrastructure platform Ryft is targeting Europe and the US after raising £20 million in a Series B funding round.
Banking
Synapse victims look to small-claims court
The Consumer Financial Protection Bureau has allocated more funds to repay fintech users harmed in the Synapse crisis. But there’s no timeline for when that money would be disbursed.
The GDP-per-person slowdown threatens global living standards
Brazil, China, Germany and Russia have recently joined an unfortunate club
A Quarter of VARIANSE's cTrader Clients Now Copy Other Traders' Strategies
About a quarter of VARIANSE's cTrader clients now use its built-in copy trading service, the broker said today (Thursday). It also described three strategy providers who each attracted between about $500,000 and $2 million in investor allocations.The cases show a broker using copy trading to bring i
The trickle-down economics of the AI boom
How fast are AI investments translating into broader gains? Taiwan and South Korea offer hints
Ricardo Reis was too frank for the IMF
It can still benefit from the economist’s ideas
Leverate Lets Brokers' Clients Place Trades by Chatting With ChatGPT or Claude
Leverate has released a tool that lets traders at brokers using its platform place orders through AI assistants such as ChatGPT and Claude. An order reaches the market only after the trader approves it inside the chat, the company said.Called MCP for Traders, the tool connects an assistant to one li