Fed, ECB, BoJ Rate Decisions This Week: Holds Expected, December in Focus
Five central banks decide this week, and traders expect most of them to stand still. The week runs from the Fed decisio…
Financial Services
The AI debt bill comes due: neocloud bonds trade like distress
The AI boom has a borrowing problem. For two years, the question was how much AI demand there was. Now it’s who c…
Profits up, headcount down: AI in banking has moved from pilot projects to the payroll.
Barclays will cut about 5,000 jobs, roughly 5% of its workforce, by the end of 2026, including about 1,000 already cut i…
Jio raises ₹8,110 crore from anchors as India’s biggest IPO opens
Jio raised the money from 212 anchor investors, including LIC and Capital Group, ahead of its ₹30,188-crore IPO openin…
NAB to cut 2,500 jobs, 6% of workforce, by mid-2027
Up to 1,500 roles go by the end of this year, and NAB will also sharply reduce its use of consultants and contract…
Google Cloud London outage knocks out Revolut and UK banks
A power failure at a Google data centre in London disrupted banking apps and websites across Europe on Tuesday morning. …
Dangote refinery IPO draws investors from over 90 countries.
Dangote Petroleum Refinery said its IPO has drawn subscriptions from investors in more than 90 countries, including 51 o…
Bitcoins to Stablecoins part 2: Digital Money Has Only Three Doors
In Part 1, we followed digital money from Bitcoin's protest note to Visa's stablecoin. The story ended on an irony: cryp…
Bitcoins to Stablecoins part1: The Rebels Built a Dollar
On 3 January 2009, an anonymous coder calling himself Satoshi Nakamoto mined the first block of a new currency. Inside i…
Wall Street's big week
With 10-year yields near a 24-year high and Brent above $100, corporate profits need to keep carrying the market. …
India: RBI opens special dollar window for IOC, HPCL, BPCL from Monday
The Reserve Bank of India will supply the state oil companies’ entire daily dollar needs directly, taking India&rs…
The world’s airlines are paying $100 billion more for fuel this year.
The Iran war handed every airline on earth the same bill, and the industry is splitting into survivors and casualties ac…
Oil rises again, sparks global bond selloff; UK 10-year yield hits 2007 high
UK 10-year gilt yields, the maturity behind much of Britain's new borrowing, rose more than 7 bps to 5.527%, the highest…
RBI hikes repo to 5.5% — first rate rise since 2023
The RBI is the latest in a wave of tightening. The Fed made its first hike since 2023 on 16 Sep, to a 3.75–4.00% r…
Asian markets slide as Big Tech's AI debt binge rattles bonds
Asian stocks fell across the region as Big Tech's borrowing spree to buy AI chips added to strain in already stretched g…
SpaceX Seeks $40 Billion in Debt to Buy Nvidia Chips, Despite a $100 Billion Cash Pile
SpaceX has more cash than most countries' central banks hold in reserve. It wants to borrow $40 billion anyway. SpaceX …
JPMorgan pitches 11% yield on $5B AI chip loan, a record high
JPMorgan is marketing a $5 billion leveraged loan for Volta Infrastructure Holdings at a yield of about 11%. That is on…
Bank of Hope closes Manubank deal, adding $2.6B in deposits
Bank of Hope closed its acquisition of SMBC Manubank's commercial banking unit on Oct. 1, adding $2.3 billion in loans a…
Axis Capital crashes Irish bank deal with €3.20/share PTSB offer
Axis Capital confirmed it is considering an all-cash offer for Permanent TSB Group Holdings at €3.20 per share, abo…
AI-driven hackers hit all five of South Korea's biggest banks
South Korea’s financial sector is on high alert after an aggressive, multi-day cyberattack targeted five major com…
When Risk-Free Pays 5%:
The benchmark 10-year Treasury yield reached 5.342% on October 1, its highest level since 2002, after the bigges…
UBS vs Switzerland
A major UBS shareholder has told the bank to quit Switzerland. Lawmakers are pushing capital rules that could lock up ab…
India: RBI may hike rates for the first time since cuts, decision on 7 Oct
The yields and bond rates are rising everywhere in the world. India's central bank follows suit, further buoyed by confi…
dxFeed to Offer EuroCTP Consolidated Tape for European Shares and ETFs
dxFeed, a global provider of market data and financial technology solutions, announced plans to make EuroCTP, the…
Bloomberg Tax & Accounting Projects 3.2% Inflation Increase for 2027 U.S. Tax Rates
Bloomberg Tax & Accounting released its 2027 Projected U.S. Tax Rates, which indicates a 3.2% increase in inflatio…