At a recent meeting, the People's Bank of China (PBOC) announced they would continue their supportive monetary policy. The bank's governor, Pan Gongsheng, mentioned they would ramp up their efforts to tackle short-term economic hiccups with counter-cyclical policies. This is not the first time Pan has spoken about this. Earlier in September, the PBOC cut some intere...
India's Reserve Bank has temporarily halted new loans from several non-bank lenders, including Sachin Bansal's startup Navi Finserv. The decision, effective from October 21, was driven by high interest rates and regulatory violations. These breaches involved incorrect loan pricing, inaccurate income assessment, and misclassification of assets. The Reserve Bank has be...
The Federal Reserve's surprise half-point rate cut has left many investors scratching their heads. But what made this move so unexpected? To understand the situation, let's take a step back. The Fed's Chair, Jerome Powell, is known for providing clear signals about the central bank's next interest rate move. However, this time around, the Fed's decision was far from ...
In the final stretch of his 2024 presidential campaign, Donald Trump is set to launch his sons' cryptocurrency business, World Liberty Financial, on Monday. This speech comes just 50 days before Election Day, raising concerns about the former president's penchant for mixing his personal and political interests. Trump has promised to turn the United States into the "c...