German Regulator Appoints Monitor at Deutsche Bank for Postbank Issues

FRANKFURT, Oct 2 Reuters Germany39;s top financial regulator is appointing a special monitor to Deutsche Bank to oversee the lender39;s handling of consumer service problems at its Postbank unit, the regulator said on Monday. The head of BaFin has termed as unacceptable the disruptions experienced in Postbank39;s online offerings, the difficulty clients had in reaching its […]
Read More

Crypto Exchange Coinbase Gets Singapore Payments Licence

Oct 2 Reuters The Singapore arm of cryptocurrency exchange Coinbase said on Monday it had obtained a Major Payment Institution MPI licence from the citystate39;s central bank. The licence, granted by the Monetary Authority of Singapore MAS, will allow the largest U.S. crypto exchange to offer digital payment token services to individuals and institutions in Singapore. […]
Read More

Buoyant Dollar Within Striking Distance of 150 Yen

SINGAPORE, Oct 2 Reuters The dollar began the last quarter of the year in the ascendant on Monday due to prospects of U.S. interest rates staying higher for longer, and the yen39;s slide to a near oneyear low put traders on watch for intervention by Japanese authorities. Currency moves were subdued in early Asia trade […]
Read More

Canadas GDP Unchanged, Core PCE Lower, U.S. NearTerm Inflation Expectations Fall, Gold Plunges, U.S. Government Avoided Shutdown

PREVIOUS TRADING DAY EVENTS 29 Sep 2023 According to the Gross Domestic Product GDP report for Canada, GDP remained unchanged in July as the manufacturing sector posted its biggest decline in more than two years, but it most likely ticked up 0.1 in August according to Statistics Canada. The economy has been slowing down after […]
Read More

Europes Solar Industry Warns against Tariffs on Imports

BRUSSELS, Oct 2 Reuters Europe39;s solar power industry has warned policymakers not to impose tariffs on imports, amid fears that disrupting supplies of products from China would seriously damage Europe39;s ability to rapidly install clean energy. The call comes as Brussels and European governments consider tougher action on imports as they seek to expand clean […]
Read More