FCA plans new liquidity rules for UK money market funds
The UK’s Financial Conduct Authority (FCA) said on Monday that it plans to introduce a new rule requiring all money market funds (MMFs) to hold sufficient liquidity to ensure adequate…
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Category: Business
4 things that happen to your money if the Iran war drags into 2027
The Iran war is becoming a bigger problem for household finances. What began as a geopolitical shock has turned into a direct cost-of-living issue, hitting fuel, borrowing costs, investments and…
India’s central bank holds 5.25% rate as oil shock tests RBI resolve
The Reserve Bank of India kept its benchmark repo rate unchanged at 5.25% after its June monetary policy meeting on Friday, matching market expectations as policymakers balanced inflation risks, growth…
US payrolls rise 172,000 in May, topping estimates: unemployment at 4.3%
The US labor market delivered another upside surprise in May, with employers adding far more jobs than economists had expected. The stronger-than-anticipated hiring came despite rising energy costs, persistent inflation…
Team USA’s loudest supporters say FIFA pushed them to upper deck for World Cup
When the U.S. men’s national soccer team plays at home, its most loyal fans traditionally sit right behind a goal to cheer on the team or intimidate the opposition. But…
AI drives 40% of May layoffs as job cuts hit highest level since 2020
Artificial intelligence is rapidly reshaping the US labor market, with employers increasingly citing the technology as a reason for workforce reductions even as hiring continues in parts of the economy.…
US jobless claims rise to 225,000, but labour market remains largely resilient
The number of Americans filing new applications for unemployment benefits increased last week, but the overall level of claims remained consistent with a labour market that continues to show resilience…
Venezuela emerges as key oil ally as India diversifies supplies
India and Venezuela are strengthening their energy partnership, with New Delhi describing the relationship as one of “perfect complementarity” amid severe disruptions in oil supplies from the Middle East caused…