UK Consumer Price Index expected to indicate prices increasing significantly above Bank of England’s target.
The UK’s National Statistics Bureau will publish its July CPI data on Wednesday. Inflation as measured by CPI is expected to exceed the July target set by the Bank of England (BOE). GBP/USD has seen a slight bear correction before this release. The UK June Consumer Price Index (CPI) is set to be released on […]
Federal Reserve’s Bowman proposes permitting central bank employees to hold small quantities of cryptocurrency.
Federal Reserve Proposes Crypto Ownership for Staff Washington regulators from the Federal Reserve have put forward a proposal that suggests allowing central bank employees to hold small amounts of cryptocurrency. They believe that this could enhance the staff’s understanding of the dynamics in the cryptocurrency markets. Michelle Bowman, who serves as the Vice-Chair of Supervision, […]
UAE Central Bank halts the license of Yas Takaful insurance company
UAE Central Bank Suspends Yas Takaful License The UAE Central Bank has halted the operations of Yas Takaful due to violations of national regulations, as announced on Monday. The bank made it clear that Yas Takaful remains accountable for the rights and obligations tied to insurance contracts that were terminated before the suspension took place. […]
Warren Buffett is selling his shares in Apple and Bank of America while increasing his investment in a struggling healthcare stock that has dropped 46% this year.
Berkshire Hathaway has recently submitted its 13F filing for the second quarter, detailing its holdings as of the end of June. Every quarter, investors eagerly await insights from Warren Buffett’s firm when it files with the Securities and Exchange Commission. This document sheds light on Berkshire’s buying and selling activities, drawing interest in Buffett’s investment […]
Ripple’s specialized bank is set to launch, allowing XRP holders to earn as much as $5,700 daily.
Among various investment avenues, Ripplecoin Mining’s AI-enabled cloud mining is gaining traction, largely due to its promising returns and low entry barriers. With automated operations and a reliable daily dividend system, it’s drawing attention from investors worldwide, especially those holding BTC and XRP. Ripple Bank’s imminent launch spurs asset allocation among XRP investors In 2025, […]
Bank capital regulations in Basel pose a barrier for cryptocurrency, according to an investment executive.
Chris Perkins, president of Coinfund, expresses concerns about the Capital Requirements set by the Basel Committee on Banking Supervision, suggesting they create “chokepoints” that could stifle the growth of the crypto sector. The existing rules reduce banks’ equity return ratio (ROE), which is a crucial measure of profitability. Essentially, these regulations require banks to hold […]
Foreigners favored BRAC Bank and Prime Bank in July but withdrew from BAT, Renata, and Reckitt.
Analysts highlighted that foreign investors lean towards companies with solid business potential and strong governance. In July, Prime Bank and Brac Bank attracted the most foreign portfolio investments, as interest in Bat Bangladesh, Renata, and Reckitt Benckiser Bangladesh diminished. Data from the Dhaka Stock Exchange (DSE) showed that net foreign portfolio investments rose by about […]
Bank of America Increases Dell Target, Focuses on AI-Driven Growth Potential
Dell Technologies and Future Growth Potential Dell Technologies Inc. is in the spotlight as a notable player in the cybersecurity sector. Recently, on July 18, Bank of America reaffirmed its buy rating for the company, increasing the price target from $155 to $165. Currently, shares are trading at around $139.16, suggesting an upside potential of […]
Crypto and fintech leaders urge Trump to prohibit bank fees for customer information
Executives from the crypto and fintech sectors have urged US President Donald Trump to intervene against banks imposing fees for access to customer data, arguing that this limits consumer choices. In a letter sent to Trump on Wednesday, they accused him of siding with large banks that impose high ‘account access’ fees, which hinder consumers […]
Crypto and Fintech Ask Trump to Eliminate Bank Data Access Charges
Fintech and Crypto Companies Urge Trump to Halt Data Fees On Wednesday, leading fintech and cryptocurrency firms called on President Donald Trump to intervene against American banks imposing fees for accessing customer data. Among those voicing concerns were fintech platform Robinhood, cryptocurrency exchange Gemini, and venture capital firm Andreessen Horowitz, part of a larger coalition […]