Asia-Pacific stocks mostly rose Monday as markets kickstarted what ING calls a “quiet” week for economic data from the region. Key data this week from Asia will include China’s loan prime rate, set to be released Wednesday. ING said no change is expected in China’s LPR, with the one-year rate...
Reeves outlined her plan to reforming the pension system: Local Government Pension Schemes in England and Wales will become megafunds. This move could boost savings in pension pots as well as unlock £80 billion in new investment for businesses and infrastructure.
A year in the making, the NPV addresses the findings of the 2023 Future of Payment's Review, outlining the government's ambitions for building a payments ecosystem delivered on next generation technology that delivers economic growth. Tulip Siddiq,...
October's retail sales data was strong, with the headline figure rising 0.4%. FWDBONDS LLC chief economist Chris Rupkey joins Catalysts to discuss the implications for the broader market and the Federal Reserve's policy outlook. Rupkey notes that...
Russia’s state-owned natural gas company Gazprom stopped supplies to Austria early Saturday, according to the Vienna-based utility OMV, after OMV said it would stop payments for the gas following an arbitration award. The official cutoff of supplies...
The RTP network now averages over 1 million payments per day, positioning the platform for strong momentum going into the holiday season. Between September and October, transaction volume on RTP, which is operated by The Clearing House, increased by 6.2%. On November 1, the instant payments powerhouse reached a new single-day...
The price of gold was seemingly on a never-ending price surge throughout most of 2024. Starting the year priced at just $2,063.73 per ounce, the precious metal soared past the $2,700 mark in late October, with many experts predicting that it could surpass $3,000, perhaps before the end of...
Some of the largest banks in the UK may have to pay billions of pounds to consumers over contentious lending practices at car dealers. In response to an October judgement by the UK’s Court of Appeal, many British banks are considering halting auto lending entirely. The court ruled it was unlawful...
Palantir shares continued their torrid run on Friday, soaring 11% to a record, after the developer of software for the military announced plans to transfer its listing to the Nasdaq from the New York Stock Exchange. The stock jumped past $65.77 at the close, lifting the company’s market cap to...
Disney stock (DIS) popped on Thursday after the company reported fiscal fourth quarter earnings per share and revenue that topped Wall Street estimates and its direct-to-consumer business built on recent momentum and swung to a profit. Strong...
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