News

US Consumers Are Still Cautious About the Economy, a New Survey Reveals

Consumer confidence in the economy continues to waver, despite easing inflation. The Conference Board’s consumer confidence index - a closely watched metric gauging attitudes about the current and future strength.

Due to Barclays’ Closure, Watton Will No Longer Have Its Final Bank

A market town is to lose its last remaining bank after bosses said it had just 12 regular customers. The Watton, Norfolk, branch of Barclays will close on 3 May after a 64% reduction in counter transactions in the past year.

The EUROe Stablecoin’s Operational Security Will Be Improved Thanks to Integration With Fireblocks, According to Membrane Finance

Finnish fintech Membrane Finance announces the integration of Fireblocks to augment the operational security of the only EU-based regulated euro stablecoin, EUROe. Fireblocks’ Multi-Party Computing (MPC-CMP) technology.

The SBA Will Take Over SDVOSB and VOSB Certification in 2023, Which Is Good News for Veteran-owned Small Businesses

Effective January 1, 2023, certification of veteran-owned small businesses (“VOSBs”) and service-disabled veteran-owned small businesses (“SDVOSBs”) moved from the Department of Veterans Affairs (“VA”).

BoFA Projects Continued Outperformance of Canadian Stocks Against US Rivals

Toronto-based equities clobbered those in New York over the past year, and Bank of America Corp. expects that to continue as cash resources of Canadian stocks now outstrip those of US peers.

US$3.3B under the Extended Credit Facility/Extended Fund Facility and US$1.4B under the Resilience and Sustainability Facility for Bangladesh Are Agreed by the IMF Executive...

The Executive Board of the International Monetary Fund (IMF) approved 42-month ECF EFF arrangements ofSDR2.5 billion (equivalent to 231.4 percent of quota or about US$3.3 billion), and a concurrent RSF arrangement of SDR 1 billion.

Futures Prices Decline Ahead of the Fed Rate Decision, Led by US Stocks-Nasdaq

Nasdaq led declines in U.S. futures on Monday, dropping more than 1%, with growth stocks falling at the start of a week packed with central bank rate decisions and earnings from several high-profile companies.

Euro Increases After Spanish CPI, As the Dollar Declines to an 8-month Low

The dollar rose on Monday, a day before the Federal Reserve was due to begin a two-day policy meeting, while the euro was boosted by unexpectedly high inflation data before the European Central Bank meets on Thursday.

A Decentralized Protocol That Integrates Several Financial Derivatives Is BitPencil

BitPencil, a decentralized financial derivative agreement initiated by the Access Bitcoin Foundation, its business includes funds, insurance, options and other financial derivatives.

The British Finance Minister Promises Post-brexit Adjustments While Sticking to His Tax-hike Plans

British Finance Minister Jeremy Hunt on Friday signaled he is pushing ahead with tax hikes while stressing the need to develop Brexit into a “catalyst” for U.K. growth.

UAE Fintech Wafeq Raises $3 Million to Expand to Egypt and Strengthen Its Saudi Footprint

Wafeq, a UAE-based financial software company for small and medium enterprises, raised $3 million in a seed funding round led by Raed Ventures with participation from Wamda Capital.

Treasury’s Financing Estimates Are Under Close Examination Due to the Debt Ceiling Saga

The US Treasury’s quarterly financing estimates due next week will be closely watched to gauge the department’s view on how the debt-ceiling drama will unfold. The Treasury on Monday will release.

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