Russia no longer wants to trade oil for rupees – Reuters
Several sources in the Russian oil export industry told Reuters that there is an unofficial instruction from the Bank of Russia not to settle oil payments with India in rupees.…
Global bank ranking removes Unicredit and moves up UBS, China banks
ZURICH, Nov 27 (Reuters) – The Financial Stability Board (FSB) on Monday removed Italy’s UniCredit (CRDI.MI) from the list of global systemically important banks and moved three banks, including Switzerland’s…
Canton of Zurich issues digital bond settled with wholesale CBDC
On Monday the Canton of Zurich issued a CHF 100 million ($113m) digital bond via the SIX Digital Exchange (SDX). The most distinctive aspect is the transaction settles using a…
Aussie Consumers Fume Over Big Bank Withholding Their Money
One of Australia’s “Big Four” banks, ANZ, has been accused of deliberately making it difficult for customers to access their money and “interrogating” them about why they want it. One…
World Gold Council and Dubai Multi Commodities Centre (DMCC) Collaborate to Combat Illicit Hand-Carried Gold Trade
Dubai, 21 November 2023 In a move to address the challenges posed by the illicit trade of hand-carried gold, the World Gold Council (WGC), in collaboration with the Dubai Multi…