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PhonePe gets in-principle nod from UAE for first locally licensed overseas payments businessWalmart-backed PhonePe has received in-principle approval from the UAE central bank for two payments licences, paving the way for its first...- PhonePe gets in-principle approval for two UAE payment licencesPhonePe has secured in-principle approval from the UAE central bank for two payment licences, marking its first international market entry....
- Global Market: ECB launches blockchain payment service, to invest in digital securitiesThe European Central Bank launched Pontes, a new service connecting its payment infrastructure with blockchain markets for euro settlements...
- Global Market: Yuan climbs to strongest level since 2023 as Xi-Trump talks loomChina’s yuan climbed to a 3-1/2-year high against the dollar after the central bank set a stronger daily fixing for the 10th straight sessi...
- Global Market: Bank of Korea signals data-driven approach to further rate hikesBank of Korea board member Chang Yong-sung signaled a data-driven approach to future interest rate hikes, emphasizing inflation, economic g...
- Yen squeezed as hawkish turn grips central banksThe yen weakened against a strong dollar as global central banks adopt hawkish stances. Japan's low interest rates contribute to this press...
- India bonds calm as oil dip counters US selloff, RBI salesIndian government bonds held their ground on Monday, buoyed by a decline in oil prices that helped mitigate domestic supply issues arising ...
- US Fed, BoE step up scrutiny of bank exposure to trading firms after Jane Street loss: ReportGlobal banks face inquiries from central banks regarding trading firm exposures. The Bank of England and Federal Reserve seek details on ri...
- Volatile yen draws intervention watch, other currencies subduedIn response to last week's notable drop, currency markets have been closely monitoring the yen. Reports suggest that Japanese officials are...
- Gold eases on inflation woes, rate hike fearsGold prices dropped during the early hours of Asian trading on Monday, driven by escalating tensions in the Middle East and persistent infl...
- Charting the global economy: Fed officials raise interest ratesThat marks the shortest interval between such moves since 1990, when the central bank’s rapid policy tightening played a key role in bursti...
- RBI orders removal of Maharashtra minister Babasaheb Patil, seven Latur bank directorsRBI has ordered the removal of Maharashtra Cooperation Minister Babasaheb Patil and seven other directors from Latur District Central Coope...
- Lagarde's ECB exit route clear, with 2027 deadline; no confirmation on dateSpanish Economy Minister Carlos Cuerpo said it's time to start discussing the ECB's future after Lagarde. "It is up to her to decide whethe...
- Rupee logs weekly decline; traders expect losses to be capped near 96 against USDThe Indian rupee witnessed a downturn this week, driven by expectations of rising global interest rates. Following fluctuations, oil prices...
- Yen slumps after BOJ hikes rates as expectedThe yen declined against major currencies after the Bank of Japan raised interest rates. Japan's core inflation remained steady near the ce...
- RBI rate hike imminent? Fed's move pressures India to tighten monetary policy amid rising inflationGlobal central banks are tightening monetary policy, prompting calls for India to follow suit. The US Federal Reserve recently increased it...
- Rupee ends flat as RBI intervention, portfolio flows blunt Fed hike impactThe Indian rupee stayed stable against the dollar on Thursday, bolstered by anticipated central bank interventions and equity index rebalan...
- Global Market: Klaas Knot tops list of potential Lagarde successors at ECBFrance may support former Dutch central bank chief Klaas Knot to succeed Christine Lagarde as ECB president in exchange for a French candid...
- Central banks turn hawkish again as oil shock stokes inflationInterest rate hikes are now a global trend, marking the longest monetary tightening since 2023. The West Asia oil shock has driven headline...
- Russian central bank holds key rate steady ahead of electionIn a recent decision, Russia's central bank opted to hold the benchmark interest rate at fourteen percent. Economic challenges have intensi...
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