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Stablecoin issuer Circle has partnered with Sony Block Solutions to make USDC a primary transaction token on the Soneium blockchain.

Subscribe to enjoy similar stories. The odds-on bet across financial markets globally is on a rate cut this week by the US Federal Reserve, now that inflation there looks closer to its 2% target and weak job growth is in focus. A rate reduction would mark a reversal of the central bank’s hiking spree that elevated America’s policy rate from 0-0.25% in early 2022 to 5.25-5% by mid-2023 to quell an outbreak of inflation it mistook as transitory.

Subscribe to enjoy similar stories. Crude prices have plummeted 20% since March and are now below $75 per barrel. This has raised hopes of a steep cut in petrol and diesel prices in India, last revised before the general elections.

Before he ran for the Senate in Pennsylvania, David McCormick was a big name on Wall Street as CEO of the world’s largest hedge fund

US stock market indexes — S&P 500, Nasdaq, and Dow Jones — will be look up to the Federal Reserve. There are worries over the economy as well as the uncertainty on how much the U.S. central bank will cut interest rates at its monetary policy meeting. The S&P 500 index is just 1% shy of its July record high despite weeks of market swings sparked by worries over the economy and seesawing bets on the size of the cut at the Fed's September 17-18 meeting. With the S&P 500 up about 18% so far this year, it may not take much to disappoint investors with next week's Fed meeting. While the renewed hopes for a bigger cut were boosting large cap indexes on Friday the optimism seemed most evident in the Russell 2000 small cap index, which rose 2.5% on the day and 4.4% for the week.

China’s economy softened in August, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand

Subscribe to enjoy similar stories. Truth is stranger than fiction. The Supreme Court of India seems to have left no stone unturned to make this saying ring true.

Air Canada said Sunday it has reached a last-minute tentative deal with its pilots, averting a crippling strike that would have grounded flights and risked devastating the economy. The agreement was announced just minutes after a key overnight deadline lapsed that would have seen hundreds of flights started to be cancelled over the coming days. «Air Canada has reached a tentative, four-year collective agreement with the Air Line Pilots Association (ALPA), representing more than 5,200 pilots at Air Canada and Air Canada Rouge,» the airline said in a statement.

Subscribe to enjoy similar stories. India’s journey towards becoming a global economic powerhouse hinges on several factors. One is the ease of doing business.

currency management infrastructure over the next 4-5 years, mainly to ensure adequate storage and handling capacity to cater to the future cash needs of the growing economy. The creation of greenfield currency management centres, the introduction of warehouse automation, the installation of security and surveillance systems, an inventory management system, and a centralised command centre are being mooted to modernise the existing infrastructure, according to an RBI document. The expected timeline for the whole project is 4-5 years, according to the expression of interest (EoI) issued by the Reserve Bank of India (RBI) for procurement of consultancy and project management services for the modernisation of currency management infrastructure. «Despite moderation in the growth rate of NIC (Notes In Circulation) in the last three years, analysis indicates that the growth will continue to be positive over the foreseeable future though the pace thereof is expected to be slower over the next decade,» the document said.

The MacBook Pro is the only Apple product manufactured in the USA. Currently, total sales of Mac computers account for less than 10% of Apple's revenue, with the MacBook Pro representing slightly more than half of Mac computers' sales.

Chief Economic Advisor to the Centre, V Anantha Nageswaran has said banks should adapt to changing customer preferences and market dynamics in order to remain competitive. He highlighted the crucial role of agriculture in driving economic growth at an event organised by public sector Indian Bank here on Saturday. In his remarks on the topic 'Indian Economy and Banking: Growth and Trends", Nageswaran stressed on the importance of technological advancements in driving growth and innovation in the industry. The CEA, in a press release issued by the Bank, emphasised the need for banks to adapt to changing customer preferences and market dynamics to remain competitive.

A 36-hour monetary rollercoaster will start with the Federal Reserve’s probable decision to cut interest rates on Wednesday, and finish on Friday with the

Receding inflation and growing economic concerns prompted the European Central Bank to lower interest rates a quarter point for the second time this year. Clues on the timing of the next cut were in short supply on Thursday, with President Christine Lagarde and colleagues awaiting data on how drastically the economy is deteriorating — and how that will shift inflation. In the US, an unexpected pickup in underlying inflation reduced odds of a bigger rate cut from Federal Reserve policymakers this coming week.

US elections 2024 is on its final lap, and the camps of Kamala Harris and Donald Trump are trying with all their might to get the edge over each other. However, voters are claiming that Harris is still lagging behind in the poll race against the former US President, based on a few issues, and crime rate, immigration, and taxation policies could be the starter pack.

The shortest flight I ever took was from Tongatapu, capital of Tonga, to 'Eua, an island some 40 km farther away. On paper, the ferry takes 1.5 hrs. But its schedule is unreliable, the sea unruly, locals advise against it, and the black diesel smoke enough to make one nauseous. The longest flight we were on took us from Qatar to New Zealand, though fortunately, this was in a luxurious Qatar Airways Qsuite. Flying business class does account for three times more CO2 than roughing it in economy though.

US economy is somehow diving headfirst into a recession, that could be coming whether Americans like it or not. Probably, the Biden administration somehow brough this phenomenon on themselves, based on their various economic policies, and if things do not take the right course towards the end of the year, the future of the US economy could be in a rather dark zone.

Subscribe to enjoy similar stories. Signs that Americans are struggling to keep up with their bills are setting off alarms on Wall Street. Shares of consumer-lending companies slid this past week after executives raised warnings about lower-income borrowers who are struggling to make payments.

Subscribe to enjoy similar stories. GÖRLITZ, Germany—When the Cold War ended, European governments slashed their military budgets and spent a windfall of several trillion dollars on social programs—a popular policy with voters when Europe faced few external threats and enjoyed the security protection of the U.S. Now, European nations are finding it difficult to give up those peacetime benefits, even as the war in Ukraine has revived Cold War-era tensions and the U.S.

industrial policy to expand its economy and finance green manufacturing has helped kick off a fevered scrimmage among nations to develop and protect their own hometown businesses. It has been 40 years since such competitive anxieties about a rising Asian power prompted this kind of embrace of government intervention among the biggest free-market economies. Only then it was Japan, not China, that was the source of unease.