Wholesale Financial News
12.08 / 02:45
11.08 / 19:41
Target
CME
Walmart
show
track
cover
wholesale
Wall Street is mixed after pickup in wholesale inflation
producer price index, which measures inflation before it hits consumers, rose 0.8% last month from July 2022. The latest figure followed a 0.2% year-over-year increase in June, which had been the smallest annual rise since August 2020. While modest, the increase in wholesale prices last month could help persuade the Federal Reserve that its work on bringing inflation to heel isn’t done.
08.08 / 14:53
COST
UPS
Reuters
wholesale
US wholesale inventories revised lower in June
WASHINGTON (Reuters) — U.S. wholesale inventories fell more than initially estimated in June, which could have implications for the second-quarter gross domestic product estimate.
14.07 / 18:33
COST
Lowe's
Target
Manufacturing
Gap
wholesale
Wholesale prices sink deeper into deflationary zone
New Delhi: India’s wholesale price index plunged deeper into deflationary territory in June, even as retail prices, especially food and vegetables, surged, official data showed. The wholesale price index experienced a 4.12% decline in June, driven by lower prices of fuel, textiles, and some food products, according to data released by the commerce and industry ministry on Friday. This decline follows a 3.48% fall in May, marking the third consecutive month of wholesale deflation.
14.07 / 07:43
wholesale
India's wholesale inflation contracts 4.12% in June: Report
India's wholesale inflation contracted to 4.12% in the month of June this year due to a fall in prices of mineral oils, food products, basic metals, crude petroleum and natural gas, and textiles, according to the Commerce Ministry data.
13.07 / 14:29
COST
UPS
Target
wholesale
US wholesale prices return to growth in June
Labor Department, due in large part to an increase in the cost of services. The return to positive inflation after a contraction in May suggests wholesale prices remain buoyant in some areas. The producer price index (PPI) ticked up by 0.1 percent last month, after the earlier contraction.
13.07 / 13:01
COST
Provident
Manufacturing
Airlines
wholesale
US wholesale prices for June point to further easing of inflation pressures
Wholesale prices in the United States decelerated again last month, the latest sign that inflationary pressures are easing in the face of the Federal Reserve’s streak of interest rate hikes
26.06 / 23:19
CBDC
Adoption
Swiss National Bank
Swiss
wholesale
Swiss central bank announces plans for wholesale CBDC pilot with ‘real money’: Report
The head of the Swiss National Bank (SNB) has announced that the bank will launch a wholesale central bank digital currency (wCBDC) pilot project, according to a report. Reuters quoted bank chair Thomas Jordan as saying the project would begin “soon.”
27.04 / 18:19
18.04 / 20:27
CBDC
regulation
Federal Reserve
Dollar
wholesale
US wholesale CBDC has ‘promise,’ Fed governor says, but retail ‘difficult to imagine’
United States Federal Reserve Board governor Michelle Bowman spoke at Georgetown University on April 18 to “offer a perspective” on central bank digital currency (CBDC). The Fed plays an important role in the conversation about CBDC, Bowman said. Her examination of the problems a CBDC might solve and the design and policy issues it entails showed little enthusiasm.
18.04 / 11:45
UPS
CBDC
Digital
Bank of England
wholesale
Bank of England Explores Digital Pound for Wholesale Markets – CBDC Adoption on the Rise?
A Bank of England (BoE) official has said that a digital version of the British pound could soon be used in wholesale markets, potentially taking the UK one step closer to a central bank digital currency (CBDC).
06.04 / 12:37
13.02 / 18:38
03.01 / 12:13
Digital
HSBC
IBM
Banque de France
wholesale
Banque de France, HSBC, IBM test interoperability of wholesale CBDC
Around the world, central banks are considering the viability of their own digital currency. Further, the efficiency and security that CBDC affords could bolster payments in developed countries and promote financial inclusion in emerging markets.
16.12 / 14:29
Digital
HSBC
IBM
Banque de France
wholesale
Banque de France, HSBC, IBM test interoperability of wholesale CBDC
Around the world, central banks are considering the viability of their own digital currency. Further, the efficiency and security that CBDC affords could bolster payments in developed countries and promote financial inclusion in emerging markets.
16.12 / 13:35
Digital
HSBC
IBM
Banque de France
wholesale
Banque de France, HSBC, IBM prove interoperability of wholesale CBDC
Around the world, central banks are considering the viability of their own digital currency. Further, the efficiency and security that CBDC affords could bolster payments in developed countries and promote financial inclusion in emerging markets.
08.12 / 09:51
CBDC
Adoption
Central Bank
wholesale
Spain’s central bank to experiment with wholesale CBDCs
Spain’s central bank, the Bank of Spain (BDE) said it intends to launch an experimental program to begin testing wholesale Central Bank Digital Currencies (CDBCs) and is seeking collaboration proposals from local finance and technology institutions.
01.12 / 13:37
Blockchain
Digital
Assurant
wholesale
TP Icap wins approval from FCA for wholesale spot exchange for digital assets
Duncan Trenholme, co-head of digital assets at TP Icap Group, says: “Despite growing demand from our traditional client base, until now the wholesale digital assets market has lacked the credible infrastructure and assurance necessary for them to allocate capital. Fusion Digital Assets addresses this need. Its distinct attributes - namely a segregated model, TP ICAP’s track record of operating venues, and our means to distribute - are well recognised and trusted by institutional market participants.“Over time, we believe blockchain will lead to the tokenisation of traditional asset classes.
05.11 / 00:57
CBDC
Adoption
Federal Reserve
settlement
wholesale
FX spot settlement in 10 seconds: NY Fed releases results of wholesale CBDC research
The Federal Reserve Bank of New York Innovation Center has released a report on the first phase of its Project Cedar wholesale central bank digital currency (wCBDC) Nov. 4. The Fed still has no plans to issue a CBDC, NY Fed executive vice president and head of markets Michelle Neal said at a presentation in Singapore, but it has investigated foreign exchange spot settlement “from the perspective of the Federal Reserve.” Its prototype wCBDC, intended for use by financial institutions rather than the public, was able to implement transactions dramatically faster and more securely than the current standard.
26.10 / 23:33
Adoption
wholesale
BIS releases full report on mBridge wholesale CBDC platform after successful pilot
The Bank for International Settlements (BIS) has released the full details of its mBridge pilot project to use central bank digital currencies (CBDCs) for foreign exchange. Commercial banks in four jurisdictions made cross-border transfers using CBDCs and distributed ledger (blockchain) technology in the project, which was heralded as a success.
26.09 / 23:36
CBDC
regulation
ECB
wholesale
ECB should have DLT wholesale settlements when the market wants it, official says
The European Central Bank (ECB) needs a wholesale central bank digital currency (CBDC) because market players expect it, ECB executive board member Fabio Panetta told a banking symposium in Germany on Monday. Two options for wholesale CBDCs are currently under consideration.
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