Financial markets
State Street Investment Management has announced the cross-listing of the PIF anchored investment SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF in Singapore, marking the latest development in cementing PIF's role in enabling greater international access to Saudi Arabia's capital market. The cross-listing is
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
The Reserve Bank of India has reversed its decision to declare September 5 a bank holiday for Id-e-Milad, after requests from state governments and market participants. Instead, banks across India will remain open on Friday, while certain banking transactions, including government securities, foreign exchange, and money markets, will not 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
Financial markets
Rexford Industrial Realty, Inc., a real estate investment trust focused on creating value by investing in and operating industrial properties throughout infill Southern California, has reported robust operating results for the third quarter to date. The company's Co-Chief Executive Officers, Michael Frankel and Howard Schwimmer, attributed the strength
Financial markets
Acurx Pharmaceuticals, Inc. has confirmed that it has regained compliance with the minimum bid price and stockholders' equity threshold under Nasdaq Listing Rules, ensuring the continuation of its listing on the Nasdaq Stock Market. This achievement comes on the heels of the company's successful development of a
Financial markets
The financial industry is experiencing a period of rapid transformation, driven in part by the increasing influence of artificial intelligence (AI) on decision-making and customer service. At the Eastern Economic Forum (EEF), Sberbank's First Deputy Chairman of the Executive Board, Alexander Vedyakhin, highlighted the importance of responsible AI
Financial markets
The Indian currency has broken a significant barrier, with the dollar surpassing Rs 88 for the first time. This dip is largely attributed to the high US tariff on Indian goods, which will lead to reduced foreign exchange earnings. The impending punitive duties of 200% on Indian drugs are expected
Financial markets
Northern Trust Asset Management, a global leader in liquidity solutions with US$336 billion in short-term assets, has launched its NT U.S. Treasury Liquidity Strategy. This move follows the successful launch of its onshore US Treasury Strategy in July 2024, which has amassed US$5.4 billion dollars in
Financial markets
T. Rowe Price, a global investment management firm, has announced the latest episode of its investment-themed podcast, "The Angle." In this episode, host Eric Veiel interviews Jane Fraser, CEO of Citi, discussing strategic focus, global positioning, economic outlook, investor resilience, and growth opportunities in the banking sector. The
Financial markets
The Stock Exchange of Thailand (SET) has expanded its collaboration with Nasdaq, adopting advanced systems to enhance efficiency and investor confidence. The partnership aims to elevate Thailand's market infrastructure, regulatory framework, and risk management, while incorporating artificial intelligence (AI)-powered trading solutions. The upgrades are expected to lift
Financial markets
Elevation Point, a growth accelerator for independent advisors, has formed a strategic collaboration with Goldman Sachs to offer its partner firms access to the investment banking and lending, trading, asset management, and capital markets capabilities of one of the world's largest and most respected financial institutions. This partnership
