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3 mins read
Maldives President Muizzu met with PM Modi in Delhi today. Here’s how it went!
New initiatives like RuPay card payments and a currency swap agreement have been introduced, with b…
3 mins read
Maldives President Muizzu thanks India for economic support, affirms hope of signing FTA
Maldives President Mohamed Muizzu thanked India for its support to the island nation in easing its …
ANI
2 mins read
Nvidia's Jensen Huang and Mark Zuckerberg traded jackets and compliments while talking about AI
Following the conversation with Jensen Huang, Zuckerberg posted a video of him opening a gold chain…
Hannah Getahun
2 mins read
Russian FX trading is almost entirely in yuan as sanctions restrict dollar use
The Chinese yuan takeover comes after sanctions halted trading in the dollar and euro.
Filip De Mott
2 mins read
Trump's trade and immigration policies are an 'elixir for stagflation' that could tip the US into recession, JPMorgan strategy chief says
A Trump election victory could trigger a policy shock to the economy, as his immigration and tariff…
Filip De Mott
2 mins read
Russian stocks are 'essentially worthless' after the Ukraine invasion based on pricing in a key derivatives market, MSCI says
The five-year CDS probability of default for five of Russia's largest stocks has surged to more tha…
Matthew Fox
2 mins read
A large global sell-off last week was likely sparked by a single trade in Deutsche Bank's credit-default swaps
A single $5.4 million trade on credit-default swaps tied to Deutsche Bank's debt likely drove a $33…
Matthew Fox
1 min read
China and Saudi Arabia sign a $7 billion currency swap agreement, adding to de-dollarization push
The agreement marks the latest move to boost internationalization of the yuan in global finance in …
Aruni Soni
2 mins read
The SEC says a hacker pulled off a 'SIM swap' attack on a cell phone to get control of the regulator's X account this month
A hacker gained control of an SEC cell phone number, reset the password for the @SECGov account, an…
Yuheng Zhan
1 min read
India and Egypt are working to swap wheat for fertilizer and other goods to ease potential food shortages
Egypt's supply minister said he met with the Indian ambassador to go over a possible deal for 500,0…
Phil Rosen
2 mins read
I barely lasted one week after trading my iPhone for a 'dumb' phone
I decided to "go light" for a week with a pared-down Light Phone 2, but felt a bit too disconnected…
Jordan Hart
2 mins read
No one should be surprised at the Archegos blowup, given the 'wild west' nature of the swaps market, Heritage Capital's Paul Schatz says
Swaps are like the 'wild west' and needs tougher rules following the implosion of Archegos, after w…
Sophie Kiderlin
1 min read
China's state-run banks are swapping dollars for yuan as officials tell them to intervene in currency markets
Chinese authorities reportedly told state-run banks to intervene in currency markets this week to l…
Phil Rosen
2 mins read
We're identical twins who swapped places over 10 times — and only got caught once
Dana and Delanie Kriner, 25, are identical twins who swapped places for fun and did everything toge…
Julia Pugachevsky
1 min read
Brazil proposes yuan guarantees in trade with Argentina amid dollar shortage
"It will be a good thing for Brazilian exporters, and it will be great news if Argentina agrees," B…
Filip De Mott
2 mins read
With no access to crypto, disgraced FTX founder Sam Bankman-Fried is now trading fish to pay for services in prison
Sam Bankman-Fried is now using mackerel fish as a means of exchange with other prisoners.
Laila Maidan
3 mins read
The story of a currency swap that showed the shockingly high spreads, commissions and omissions by an international bank
One of India’s top bullion and forex advisors Jamal Mecklai has released a note explaining how a ba…
2 mins read
China's yuan is displacing other top global currencies in trade, but not the US dollar
"The higher share of CNY in trade invoicing doesn't seem to be dethroning USD, but rather pushing o…
Filip De Mott
2 mins read
A retired English soccer player who swapped jerseys with Diego Maradona just sold the traded shirt for $9.3 million.
The "Hand of God" jersey was worn by Maradona when he scored two of the most famous goals in soccer…
Matthew Loh
7 mins read
I rented a stranger's apartment using Kindred, a home-swapping network. I'm convinced it could be the future of travel.
If accepted into the network, Kindred members swap homes with hosts around the world for just the c…