Banks are increasingly carrying out checks to verify that their customers are not laundering money, financing terrorism or violating sanctions, De Nederlandsche Bank (DNB) said on Monday. At the same time, the Dutch central bank noted that some banks are delaying or scaling back improvements to their controls and checks. As a result, they have to do more to get their controls in order.
Artificial Intelligence (AI) is not just a buzzword, it's a game-changer in the stock market. From automating complex and redundant processes to solving long-standing industry challenges, AI is revolutionizing the way we trade. With the launch of ChatGPT and other natural language processing (NLP) chatbots and AI's use in autonomous driving, the tech is becoming faster and more accurate by the day when solving real-life problems.While the impact of AI on the stock market is undeniable, concerns...
Judo Bank now predicts the Reserve Bank will raise interest rates three times in 2024 to levels not seen in 16 years - increasing the average mortgage repayment by $300 a month.The bank's chief economic adviser, Warren Hogan, forecast the key interest rate will rise to 5.1 percent by Christmas, from a 12-year high of 4.35 percent. Rate hikes in August, September and November this year would see the Reserve Bank of Australia's key interest rate reach levels last seen in December 2008 during the...
In a meeting that underscores the European Union’s ongoing scrutiny of the tech industry, Margrethe Vestager, the EU’s antitrust chief, held discussions with representatives from the French artificial intelligence (AI) firm Mistral AI on Friday (April 26). The meeting took place against a backdrop of growing concerns regarding competition in the tech sector, with Vestager expressing concern about […]
Tiff Macklem testified at a Senate committee that the spending plan tabled last month hasn't changed the federal government's fiscal track by much.
The EU Foreign Policy Chief, Joseph Borrell, said on 29 April that several
South Korea's Central Bank Says May Buy Gold In The Mid To Long-Term Back in 2011, around the time gold hits its previous cycle high, South Korea surprised the fiat world when it revealed that it had spent more than a billion dollars in its first gold purchase in more than a decade, as uncertainty about global growth and sovereign debt push central banks around the world to diversify foreign reserves. It then proceeds to buy a lot more gold (relatively speaking) for the next year...
Political pressure won't force the hand of Thailand's central bank in making its interest rate decisions independently, the country's central bank chief said.
Speculative, rapid and abnormal FX moves have had bad impact on the economySuch moves are unacceptableNo specific level in mind on an appropriate level for exchange rateWill only disclose if there was FX intervention at the end of MayThey will only report it every four weeks, so the next round of data will not feature today's flows. As such, we'll have to wait until the end of next month when the BOJ/MOF releases it. USD/JPY is still trading down 1.5% on the day at 155.85, but at least off its...
It has a terrible reputation locally with residents calling for change to the area of the A390 at Penpillick Hill
India's 8.5% economic growth rate has some "fluff' in it, according to former Reserve Bank of Governor Raghuram Rajan.
By: Jake Smith, Daily Caller News Foundation Congress’ new $60 billion aid package is unlikely to move the needle in Ukraine’s war against Russia, experts told the Daily Caller News Foundation. The House overwhelmingly voted to pass the $60.8 billion package on Saturday that aims to bolster Ukraine’s war effort and replenish U.S. stockpiles, and