Canton of Zurich issues digital bond settled with wholesale CBDC
On Monday the Canton of Zurich issued a CHF 100 million ($113m) digital bond via the SIX Digital Exchange (SDX). The most distinctive aspect is the transaction settles using a…
Aussie Consumers Fume Over Big Bank Withholding Their Money
One of Australia’s “Big Four” banks, ANZ, has been accused of deliberately making it difficult for customers to access their money and “interrogating” them about why they want it. One…
World Gold Council and Dubai Multi Commodities Centre (DMCC) Collaborate to Combat Illicit Hand-Carried Gold Trade
Dubai, 21 November 2023 In a move to address the challenges posed by the illicit trade of hand-carried gold, the World Gold Council (WGC), in collaboration with the Dubai Multi…
Binance funds outflow totaled $956 million after Zhao left his post
Binance funds outflow totaled $956 million after Zhao left his post Investors have withdrawn about $956 million from crypto exchange Binance over the past 24 hours after its CEO Changpeng…
Russia almost equal to US in steel production
Steel production in Russia in October 2023 increased by 9.5% year-on-year to 6.3 million tons in October 2022, according to a report by the World Steel Association. China produced 79.1…
ECB warns of ‘early signs of stress’ at eurozone banks as default rates rise
Eurozone banks’ balance sheets are showing “early signs of stress” after an increase in loan defaults and customer delinquencies, the European Central Bank has warned. According to the ECB, rising…