Track Financial News

By Karen Brettell and Samuel Indyk

Housing affordability hit its worst level in more than four decades last quarter, according to the Bank of Canada, as housing prices and mortgage rates pushed higher.

Taurus, a Swiss crypto custody firm supported by Deutsche Bank, has entered into a partnership with Teylor, a fintech lending platform based in Zurich and specializing in the German SME marketplace.

Approval phishing scams are on the rise in the crypto space, with early $375 million stolen this year alone, according to new data from blockchain analytics firm, Chainalysis.

Following the demise of the popular crypto mixing protocol, Tornado Cash, the Bitcoin ecosystem has become a preferred avenue for discreet fund movement, according to research by blockchain analytics firm CertiK.

Global oil demand growth is slowing down sharply as economic activity weakens in key countries, the International Energy Agency said as it slashed estimates for this quarter.

BSE Sensex closed above 20,000 on 11 December 2007. By October 2008, the retiree would have notionally lost more than 60% of their equity corpus when the Sensex plummeted below 8,000. This risk, wherein negative market returns occur early in retirement or even during the last leg of working years, impacting the longevity of retirement savings, is known as sequence of returns risk.

OUR GUEST this week asks to be introduced properly as a hyper-SUV: The Lotus Eletre, assembled in Wuhan, China, is the first all-electric Lotus of its post-petroleum era. In 2017, Chinese conglomerate Zhejiang Geely Holding Group took controlling interest in the 75-year-old manufacturing concern, based in Hethel, England, and has since spent more than $2 billion turning smoky, drafty old Lotus into Lotus Technology, a luxury electric hothouse. To say Lotus got the better end of the deal is heroic understatement.

The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.

Toddler killer Jon Venables will stay behind bars after a parole board rejected his bid for freedom.

It’s been a great year for stock markets around the world

Teylor originates and manages SME loans through its Teylor credit platform, a suite of software modules that enable financial institutions to build, deliver and scale digital credit products The firm has processed more than €3 billion in SME debt over the past three years.By tokenizing part of this credit portfolio on the Taurus infrastructure and TDX regulated marketplace, professional private debt investors can now participate in the returns through a secure blockchain-based secondary market. The TDX platform distributes the principal and interest monthly to the security token holdersPatrick Stäuble, CEO and founder at Teylor, says: “Our credit portfolio of high-quality SME loans is funded through private transactions with large-cap financial institutions.

Institute of Cancer Research in London have found that exercise reduces the risk of breast cancer in younger women by up to 10 percent. They have also found that the most active premenopausal women were a tenth less likely to develop breast cancer than the least active. According to the research carried out at the institute, breast cancer is more common in women over 50 who have gone through menopause, but it can often be more aggressive and difficult to treat when it does develop in younger patients.

Strategy India, a policy, compliance and direct-selling consultancy that's an associate member of the Indian Direct Selling Association (IDSA). Among the names on its scam alert list are entities such as Mission Green India, Jivan Daan, Dhan Vriddhi and Capcha Pay. Over 4,000 such schemes are said to be on currently, according to Strategy India.

By Stephen Culp

Investing.com — Stocks in New York moved lower in early trading on Tuesday, after data showed that consumer price growth in the U.S. slowed in line with expectations in November.

Vivek Joshi said on Tuesday that banks will have to operationalize inoperative accounts, encourage nominations, and create awareness about cyber fraud. There can be more penetration of PM Jeevan Jyoti Bima Yojana and PM Suraksha Bheema Yojana, he said, making a case for increased participation from private banks in the government's flagship financial inclusion schemes.

₹673 crore. This will be first MMLP in Maharashtra under the PM Gati Shakti National Master Plan. The MMLP will be developed in three phases.

In a cooling market for share buybacks, $10 billion commitments from both carmaker General Motors and aerospace-and-defense giant RTX stand out for their irreversibility as well as their headline value. The companies had better be right that they won’t need the cash. RTX and GM have both entered into blockbuster accelerated share repurchase agreements with banks in recent weeks—an aggressive form of buyback that requires sending all the money out of the door at once.

passive investing. Emphasizing why investors should consider investing in the Bandhan Nifty Smallcap 250 Index Fund, Vishal Kapoor, CEO, Bandhan AMC said, “Poised to benefit from emerging themes across various sectors, small caps are well positioned to deliver outsized gains during bull markets.

Tata Motors Ltd will also raise prices of its commercial vehicles (CVs) by up to 3% from 1 January. It said the price hike is to offset the residual impact of the past input costs. It is worth noting here that while input costs have been higher, the pressure has been easing in the past few months.