Key insight: PayPal has added its PYUSD stablecoin to blockchain technology firm Polygon’s payment rail. What’s at stake: An increasing number of banks and fintechs are expressing interest in stablecoins. Forward look: OpenUSD, a potentially large stablecoin with lots of bank support, is scheduled to launch later this year. As banks plot their stablecoin strategies,…
The IC Electricals IPO is set to debut on the NSE SME platform on July 10, with strong demand in both the primary market and the grey market fueling optimism for a healthy listing. The IPO is currently commanding a Grey Market Premium (GMP) of Rs 44, indicating an estimated listing price of around Rs…
BB Energy has secured a $272.5m one-year revolving credit facility after strong bank demand. The deal comes as oil and LNG market volatility drives energy traders to boost liquidity. Backed by 21 lenders, the facility refinances BB Energy’s existing credit line. On Thursday, 9 July, energy trader BB Energy announced that it has signed a…
Economists now expect the Federal Reserve to hold rates steady through the end of 2026, with a May 2026 consumer price index reading hitting 3.8% — its highest annual level since May 2023 — constraining the central bank’s room to move. Meanwhile, minutes from the June 16–17 Federal Open Market Committee (FOMC) meeting revealed that “many participants…
Australia confirms H5N1 bird flu case in Australian seabird for first time
For advisers and dealers, one change sits close to home. Under the offering memorandum exemption, an investor faces a $100,000 investment limit in National Instrument 45-106. The relief lets a reinvestment of proceeds from selling an earlier investment in the same issuer fall outside that limit – but only if the investor gets advice from…
Key Points Nvidia currently generates higher overall revenue, maintaining a substantial and rapidly expanding absolute scale advantage over Advanced Micro Devices. Nvidia has experienced consistent, rapid quarter-over-quarter revenue expansion, while Advanced Micro Devices has shown a much slower, relatively stable revenue trajectory over the same eight-quarter period. Investors should carefully watch whether the widening revenue…
The initiative, designed to encourage greater cooperation between banking and non-bank financial institutions, reflects Egypt’s changing priorities after years focused on strengthening financial stability and resilience. At the first meeting of the fund, CBE Governor Hassan Abdalla said upgraded technological infrastructure, cybersecurity, skills and capacity building, digitisation, efficiency, and professional, international best practices would be the targets. This marked a shift towards a greater focus on governance, regulation and infrastructure, rather than…
Zerodha co-founder Nithin Kamath has defended his organisation’s long-standing preference for ‘direct mutual funds’, saying that investors should understand the difference between ‘direct’ and ‘regular’ mutual funds and should verify how they are investing. He highlighted that very few investors understand the difference between the two. In a post on X on 9 July, Kamath…
Estate agency franchise Winkworth has appointed The Oracle Group to manage its public relations and communications strategy across its UK and international operations. The appointment marks a strategic move by the London-based agency network to enhance its national profile whilst maintaining focus on the local expertise of its franchise offices. The Oracle Group will support…