As Tax-Season Ebbs, Money-Market Funds See Return Of Inflows; Fed's Bank Bailout Fund Remains At $126BN After the prior week's almost unprecedented outflows, total money market fund assets rose last week (admittedly by a modest $9.1BN), but remain below the $6TN level ($5.97TN) as tax-season draws roll off Source: Bloomberg The flows into money-market fund assets through April 24 mainly on the back of inflows by institutional investors, which had led the tax-related decline the...
Stock markets in the Asia-Pacific region traded mostly higher at the start of the week, while Chinese stocks dipped in the negative territory as investors digested the People's Bank of China's (PBoC)
The Securities and Exchange Commission has revealed its stance against the admittance of illicit funds into the capital market through the fresh banking recapitalisation exercise. The Executive Director (Operations) of the commission, Dayo Obisan, revealed this on Thursday at a symposium organised by the Association of Capital Market Academics of Nigeria, with the theme ‘Banking Read More
Changes come as a result of the extra bank levy.
Archax, Ownera and The HBAR Foundation have enabled the first tokenization of BlackRock’s money market fund (MMF) on Hedera. This is a major development in the real-world assets (RWAs) industry and comes after abrdn plc tokenized its MMFs on Hedera last year. The crypto world has witnessed a historic moment in the real-world assets (RWAs) […]
Former National Public Radio (NPR) Editor Uri Berliner made waves recently
Nicolai Tangen, chief executive officer of Norges Bank Investment Management, during a news conference in Oslo, Norway, on Tuesday, Jan. 30, 2024. Bloomberg | Bloomberg | Getty Images The chief
Plan to expand Ruaha national park has been beset by allegations of abuse, leading bank to withhold final $50m of $150m budgetThe World Bank has suspended financing intended to develop tourism in southern Tanzania after allegations of killings, rape and forced evictions.The bank began investigating last year after being accused of enabling abuses around Ruaha national park, which was due to double in size as part of a World Bank-supported programme. Continue reading
Republican Rep. Jim Banks of Indiana is pushing a measure that would prohibit federal funds from flowing to NPR."After the date of the enactment of this Act, no Federal funds may, directly or indirectly, be made available to or used to support" National Public Radio, "including through the payment of dues to or the purchase of programming from such organization by a public broadcast station using Federal funds received by such station," the proposal, dubbed the "Defund NPR Act," states. The same...
Money-Market Fund Assets See Largest Outflows Since 'Lehman' Total money-market fund assets plunged by $112BN in the last week as Tax-Day demands took the total assets below $6 Trillion for the first time sine January (to $5.97 Trillion) Source: Bloomberg Corporate taxes collected from April 11 through April 17 totaled $100.7 billion, Treasury data show. While Tax-Day's impact matters obviously, we note that this is the largest weekly drop in money-market fund assets since...
Pininfarina has unveiled four special editions inspired by Bruce Wayne. They’re based on the B95 and Battista, and start at roughly $3.6 million. The cars sport a handful of unique features including aerodynamic and design improvements on the Battista. Batman’s alter ego is getting an upgrade as Automobili Pininfarina has struck a deal with Warner Bros. Discovery Global Consumer Products and Relevance International. The end result is a series of “bespoke pure-electric vehicles inspired by DC’s...
According to HTF Market Intelligence, the Global Retail Core Banking Systems market to witness a CAGR of 14.80% during forecast period of 2024-2030.