Wall Street’s Democratic donors have a clear mandate after several rudderless weeks fretting over President Joe Biden’s drag on the party’s chances of winning the White House and Congressional majorities. Their directive: raise lots of money for Vice President Kamala Harris’ campaign — and fast. Just days after Biden announced he would step down …
2024-07-24T13:29:59.753+02:00 Wednesday, 24/07/2024 | 11:29 GMT by FM This partnership is poised to unlock significant potential in the DeFi landscape. LandX Finance, through its blockchain based LandX Credit Gateway platform, and Dominion Blockchain Solutions Ltd. are thrilled to announce a strategic partnership designed to transform grain inventory financing. This alliance is set to significantly advance …
LandX Finance and Dominion Revolutionize Grain Inventory Financing Read More »
In a move highlighting the growing intersection of traditional finance (TradFi) and blockchain technology, Hamilton Lane, one of the world’s largest asset managers, has announced the launch of a private credit fund on the Solana (SOL) blockchain. The fund, named Senior Credit Opportunities Fund (SCOPE), will now be accessible to investors through the Solana network, …
The latest batch of gross domestic product (GDP) and personal consumption expenditures (PCE) data came in a bit stronger than expected, yet “not enough to seriously challenge” expectations of a September interest rate cut from the Federal Reserve, Evercore ISI strategists said. The US GDP release for Q2 indicates stronger-than-expected 2.8% annualized growth, with real …
Q2 GDP, PCE data ‘not enough to seriously challenge September Fed cut’: Evercore Read More »
By Nevzat Devranoglu and Jonathan Spicer ISTANBUL (Reuters) – Turkey’s central bank is not even considering a rate-cutting cycle at this time because easing too early could reignite inflation and extend the pain for an economy on the verge of disinflation, Deputy Governor Cevdet Akcay said in an interview. For now, he told Reuters, the …
Exclusive-Turkey cenbank not even contemplating rate cuts now, deputy Akcay says Read More »
By Nick Carey and Andrey Sychev (Reuters) -Mercedes-Benz lowered its annual profit margin forecast after weak second quarter sales and earnings on Friday but expects new models to help it battle stiff competition in China in the second half of the year. German automakers have been struggling with lacklustre demand for EVs, coupled with tough …
Under pressure in China, Mercedes trims profit outlook Read More »
(Reuters) -Britain’s Metro Bank is selling its portfolio of prime residential mortgages to NatWest Group for up to 2.4 billion pounds ($3.1 billion) in cash, it said on Friday. The sale is expected to reduce Metro’s risk-weighted assets by approximately 824 million pounds, leading to an improvement in the British lender’s Common Equity Tier 1 …
Metro Bank sells residential mortgage portfolio to NatWest for $3 billion Read More »
By David Milliken LONDON (Reuters) – The Bank of England’s first interest rate cut since 2020 hangs in the balance next week, with greater uncertainty than usual as key policymakers have not spoken publicly for more than two months due to rules in the run-up to July 4’s election. Investors are left guessing whether recent …
First Bank of England rate cut since 2020 hangs on knife edge Read More »
Opinions expressed by Entrepreneur contributors are their own. As your business grows, you likely feel the strain of managing increasingly complex finance operations. It’s not just about bookkeeping anymore – you’re juggling accounting, finance, tax, HR and payroll. This intricate system forms the backbone of your business, and getting it right can be the difference …
Ask Yourself These 6 Critical Questions When Choosing a Financial Partner Read More »
Wall Street’s Democratic donors have a clear mandate after several rudderless weeks fretting over President Joe Biden’s drag on the party’s chances of winning the White House and Congressional majorities. Their directive: raise lots of money for Vice President Kamala Harris’ campaign — and fast. Just days after Biden announced he would step down …