Evergrande collapses on the Hong Kong stock exchange (-25.45% to 0.41 Hk dollars) after declaring in a file on the stock exchange of the former British colony that, in view of the investigation by Hengda Real Estate Group, its main domestic subsidiary, “was unable to meet the requirements for issuing new bonds.” Evergrande’s unit had … Read more
Ellen Zentner, Morgan Stanley’s chief U.S. economist, said of the Federal Reserve’s policy of raising interest rates to curb inflation: “We strongly believe that the authorities have done their job here, but they don’t want to leave the door open.” ” he pointed out. Zentner joined the podcast “What Goes Up” to discuss last week’s … Read more
Former U.S. Treasury Secretary Summers said policymakers were too optimistic about the latest economic forecasts from the Federal Open Market Committee (FOMC). He expressed caution that both inflation and growth may slow faster than officials expected. Summers said in an interview on Bloomberg Television’s “Wall Street Week” that the U.S. Federal Reserve is “way too … Read more
Let us recall that in December 2022, a Memorandum of Mutual Cooperation was signed between the Ministry of Defense of the Republic of Kazakhstan and the Agency, providing for the provision of deferred payments on bank loans and microloans to borrowers called up for military service. Fingramota.kz will talk about the algorithm of actions for … Read more
According to the US Consumer Price Index (CPI) statistics for August, the core index excluding food and energy increased more than expected from the previous month, leaving room for further interest rate hikes by the US Financial Authority. US core CPI accelerates month-on-month for the first time in six months in August – paving the … Read more
Dhe group of so-called per- and polyfluorinated chemicals, or PFAS for short, are better known as “forever chemicals”. Once they get into the environment, they stay there for a long time, sometimes forever. The EU considers these chemicals to be dangerous and wants to ban them. A corresponding regulation should be available by the end … Read more
A slowdown in the U.S. job market gives the Fed room to hold off rate hikes at this month’s Federal Open Market Committee (FOMC) meeting. The Bureau of Labor Statistics announced on the 1st that non-farm payrolls (business establishment survey, seasonally adjusted) increased by 187,000 in August from the previous month. Employment figures for June … Read more
Cleveland Federal Reserve Bank President Loretta Mester said inflation in the United States, despite recent improvements, was still too high. He also acknowledged that the labor market remains strong. The governor spoke at a conference hosted by the Cleveland Federal Reserve Bank and the European Central Bank (ECB) on the 1st. Policymakers should look to … Read more
Since September 1, VASPs registered in the UK obliged comply with the so-called “Travel Rule” from the FATF. It involves monitoring crypto transactions for AML purposes. The Travel Rule requires an institution to transfer customer information to an exchange or recipient institution when processing digital asset transactions. The data must include the name and address … Read more
The US Real Gross Domestic Product (GDP) revision for April-June (second quarter) has been revised downward from the preliminary figures. Although private consumption was revised upward, the downward revision of capital investment affected the overall figures. Key point U.S. real gross domestic product (GDP) revised at an annual rate of 2.1% quarter-on-quarter Revised downward from … Read more