Economics, Policy & Regulation
US Federal Reserve Joins Real-Time Payment Club
The Fed has launched FedNow and early adopters include 41 financial institutions, 15 third-party service providers and the US Treasury Department.
News
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Technology
Threads Vs. Twitter: A New Rivalry Is Born
Meta CEO Mark Zuckerberg launched Threads in a bid to exploit user dissatisfaction with Elon Musk's Twitter and quickly signed up 100 million users in its first week.
Economics, Policy & Regulation
IMF Accepts Argentina’s Debt Repayment In Yuan
Along with India’s recent use of the Chinese currency to buy Russian oil, Argentina’s move is an example of the global economy's de-dollarization.
Capital Raising & Corporate Finance
PGA Tour Board Member Pleads with Colleagues: Reconsider Saudi Deal
Just as the US Senate prepares to talk golf on Capitol Hill, one PGA exec is urging his fellow directors to “evaluate alternative sources of capital.”
Banking
GCC Supplement 2023: Saudi Banking Boom
From infrastructure and SMEs to fintech, a thriving banking sector is taking a major role in the kingdom’s economic overhaul.
Capital Raising & Corporate Finance
Qatar’s Purchase Of Manchester United Stalls Due To Family Drama
Upheaval among the football club’s owners, and angry fans, puts a $6 billion-plus deal at stake.
Emerging & Frontier Markets
Central Bank Governor Out As Nigeria Shifts To Floating Exchange Rate
The move, which economists deem positive, is a prelude to needed monetary reform.
Economics, Policy & Regulation
Arab League Hears Pitches For Multipolar Politics
Syria returns to the Arab League as Ukrainain PresidentVolodymyr Zelenskyy asks Arab nations to use their ties with Russia to end the war in Ukraine.
Technology
Brazil And Visa Test Digital Currency For Financing Farmers
By providing a secure platform for tokenizing traditional financing documents into “on-chain” tradable nonfungible tokens, Visa’s solution will enable farmers to receive loans with customized terms.
Transaction Banking
China: Price War Among Cloud Providers A Boon To Buyers
The pricing moves come as China’s economy makes a cautious recovery following the relaxation of strict Covid-19 restrictions.
Emerging & Frontier Markets
Ethiopia: New Bourse Promises To Unlock The Economy
Ethiopia has embarked on a roadshow to sell shares in the Ethiopia Securities Exchange as part of its attempt to build a diversified and vibrant economy.
Economics, Policy & Regulation
Hong Kong: E-Currency Pilot To Pave Way For Broad Consumer Use
Sixteen banks and payment firms are involved in a trial using the “e-HKD,” including the three note-issuing banks—HSBC, Standard Chartered and the Bank of China (Hong Kong).