Financial markets
Warba Bank has unveiled a novel financial product, the Warba Islamic KD Money Market Fund, in Kuwait. This fund, initiated on October 11, 2023, is designed to cater to investors seeking Shariah-compliant opportunities in cash instruments and high-quality Islamic sukuks. With an initial capital of approximately 49.80 million units
Financial markets
Elon Musk's Tesla compensation package, potentially worth a staggering trillion dollars, is tied to ambitious targets including increasing the company's stock market value eightfold and deploying one million autonomous taxis. The package, proposed by Tesla's board, must be approved by shareholders and comes with
Financial markets
Global bond traders have been dealt a dizzying card this week, as the debt market experienced both the highest and lowest points of the year so far. Volatility in long-dated borrowing costs has investors scratching their heads, and wondering if the world economy is on the cusp of an inflation-led
Financial markets
The Investment Company Institute reported a significant surge in money market fund assets, totaling $7.26 trillion, with a net increase of $52.37 billion for the week ended September 3, 2025. Among taxable money market funds, government funds experienced a notable increase of $44.71 billion, while prime funds
Financial markets
Banks across various parts of India will be closed on specific days in September due to regional festivals and holidays. The Reserve Bank of India has released its holiday calendar, indicating that banks will remain shut for up to 15 days in September. This shutdown is not uniform across the
Financial markets
Chilean retail holding company Cencosud has acquired full ownership of premium supermarket chain The Fresh Market, with the sale valued at $295 million. This acquisition marks a significant milestone in Cencosud's strategy to strengthen its presence in the US market. The Fresh Market, founded in 1982 by Ray
Financial markets
The Bank of England has released a discussion paper to explore potential measures to enhance the resilience of the UK government bond ('gilt') repo market. This crucial market plays a vital role in financial stability and provides essential services, investments, and sustainable economic growth. In collaboration with the
Financial markets
Galaxy Digital, a publicly traded financial services firm, has become the first Nasdaq-listed company to list its equity on a public blockchain, issuing Solana-based shares via fintech startup Superstate. This pioneering move marks a significant step in integrating blockchain technology into traditional capital markets, with institutional investors and retail investors
Financial markets
The Depository Trust and Clearing Corporation's (DTCC) Fixed Income Clearing Corporation (FICC) subsidiary has formally filed with the Securities and Exchange Commission (SEC) a rule filing to enhance FICC's Sponsored Service with a new cleared tri-party offering known as the Sponsored General Collateral (GC) "Collateral-in-Lieu&
Financial markets
The National Cement Company PJSC experienced a day of stable trading on the Dubai Financial Market on September 4, 2025, with its stock price remaining unchanged at 4.4. The trading session saw the stock oscillating between a high and low of 4.4, highlighting a lack of volatility during
Financial markets
The Saeima Budget and Finance (Tax) Committee in Riga, Latvia has supported a draft law that aims to introduce European Union (EU) requirements for the sustainability of digital operations in the financial market and the use of artificial intelligence. The draft law defines the financial sector participants that will be
Financial markets
Fidelity International has announced the expansion of its active ETF offering in Europe with its Fundamental Equity ETF range, launching with two new products: the Fidelity US Fundamental Large Cap Core UCITS ETF and the Fidelity US Fundamental Small-Mid Cap UCITS ETF. According to Neil Davies, Head of ETF Product
