FIVE Financial News

02.12 / 01:17

Blockchain FIVE BLOCK Splunk Stocks making the biggest moves after hours: Square, Snowflake, Five Below & more

Check out the companies making headlines in after hours trading:

01.12 / 11:51

FIVE JPMorgan UBS veteran Financial UBS names JPMorgan veteran Youngwood as new chief financial officer

UBS has tapped JPMorgan veteran Sarah Youngwood to become its next chief financial officer, as Kirt Gardner prepares to step down next year in the latest executive change at the bank.

01.12 / 03:13

FIVE Williams Centre New York Fed opens innovation centre

It will focus on five areas: supervisory and regulatory technology; financial markets infrastructures; future of money; open finance; and climate risk.The centre is being helmed by Per von Zelowitz, a fintech veteran who joined the New York Fed in July to lead the effort.

30.11 / 22:39

IPO Provident FIVE Digital India must regulate cryptocurrencies in consumer interest: Report

The Indian Crypto asset industry has witnessed exponential growth over the last five years. More than 15 million Indians now hold digital currencies. As a result, experts say, like any other financial asset, cryptocurrencies also need to be regulated to both protect consumer welfare as well as promote innovation.

30.11 / 13:19

FIVE Digital Invesco Bitcoin Cryptocurrencies post record inflows in first 11 months of 2021: CoinShares

According to data from digital asset manager CoinShares on Monday, cryptocurrency products and funds posted record inflows in the first 11 months of 2021.

30.11 / 11:51

FIVE Former Goldman Sachs exec Schwartz to chair new clearing bank

Former Goldman Sachs executive Harvey Schwartz will chair a new clearing bank that has been valued at more than $1bn as it aims to use technology to shake-up transaction banking.

30.11 / 01:17

UPS FIVE Digital end Bank of Israel accelerating CBDC development, but there is no end date

Bank of Israel has been picking up pace as the whole world rushes to the adopt central bank digital currencies [CBDCs]. As per reports, it is accelerating its study, research, and preparations for the possible issuance of its digital shekel.

29.11 / 03:11

UPS FIVE Racing Men outbid women four to one to run Brexit opportunities unit

Nearly five times as many men as women applied to run the government's new Brexit Opportunities Unit, Financial News can reveal.

28.11 / 22:39

Facebook IPO FIVE Digital SGB 2021-22: Gold Bond issue price fixed at Rs 4,791/gm; subscription opens Monday

The issue price for Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from November 29, has been fixed at Rs 4,791 per gram of gold, the Reserve Bank of India said on Friday. The Sovereign Gold Bond Scheme 2021-22 – Series VIII will be open for subscription from November 29 – December 03, 2021.

27.11 / 06:37

UPS BTC FIVE Bitcoin Expert calls El Salvador’s Bitcoin volcano bonds, ‘Michael Saylor playbook for a country’

El Salvador’s “Bitcoin City” and the proposed $1 billion Bitcoin volcano bond have ignited a range of reactions across the world. These are ambitious plans, no doubt, but they come as the crypto market is seeing a downturn and major economies are fighting inflation.

26.11 / 17:37

UPS Provident FIVE stake Amid tightening regulations in South Korea, Vidente eyes controlling stake in Bithumb

South Korea’s anti-money laundering unit recently approved Bithumb’s application to enable crypto services. Soon after, local reports claimed that the exchange’s largest shareholder is eyeing a controlling stake.

26.11 / 12:11

UPS IPO FIVE Progressive Bond markets: Invest in G-Secs with RBI Retail Direct Gilt

By P Saravanan and Sumit Banerjee

26.11 / 03:21

FIVE The City’s ESG infatuation in five charts

The pandemic supercharged the growing interest in environmental, social and governance issues in the City.

24.11 / 16:03

UPS FIVE ETF Strategy testing Cathie Wood says her firm is testing a more aggressive strategy that would be 'ARK on steroids'

Cathie Wood — known for her innovation ETFs that garnered billions in inflows during the pandemic — said Ark Invest is internally testing a fund that takes the strategy a step further by simultaneously betting against major stocks in the benchmarks that are being disrupted.

23.11 / 23:37

MET FIVE Digital Strategy enaira ‘Full implementation’ of Nigeria’s eNaira to occur in four phases, includes interoperability

Nigeria and its central bank have been making strides in terms of increasing utility of its national digital currency. The Central Bank of Nigeria [CBN] wants to make the e-Naira interoperable with other central bank digital currencies [CBDCs].

23.11 / 20:09

FIVE reserves U.S., Other Countries to Tap Strategic Oil Reserves in Bid to Tame Inflation

WASHINGTON—The U.S. and five other countries including China will tap their national strategic petroleum reserves in an attempt to bring down gasoline prices that have become a sore spot with motorists and a big contributor to inflation, the White House said.

23.11 / 12:29

FIVE Bitcoin Backed El Salvador is getting ready to roll out a bitcoin-backed bond

El Salvador is planning to issue next year $1bn in bonds backed by bitcoin, the latest effort by the economically stressed Central American nation to attract crypto capital.

23.11 / 09:45

IPO Provident FIVE One in five withdrew funds from EPF accounts since Covid onset

Around one in five subscribers to the Employees’ Provident Fund Organization (EPFO) dipped into their savings between April 2020 and September 2021, taking out `28,288 crore to tide over the difficult times caused by the Covid-19 pandemic.

23.11 / 03:03

FIVE Why Schroders’ Sue Noffke is still backing UK stocks after Brexit

As the world slowly begins to emerge from the Covid pandemic, investors are starting to re-evaluate portfolios and question whether what worked over the past 18 months will continue to deliver under a new normal.

22.11 / 21:13

Provident FIVE Minimum Wage for Federal Contractors to Rise to $15 an Hour

Federal contractors, including janitors, security guards, child-care workers who provide services to the government, will soon be paid a $15-an-hour minimum wage, the Labor Department said Monday.

22.11 / 11:33

Provident FIVE ETF Indexes Upward Graph: EPFO’s investments in ETFs rise five times in six years

The Employees’ Provident Fund Organisation’s (EPFO) annual fresh investment in exchange traded funds (ETFs) has gone up by nearly five times in the last six years to stand at Rs 32,070.84 crore in 2020-21.

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