Financial markets
Reserve Bank governor Michele Bullock has pushed back against claims that a jump in unemployment has come as a surprise to the institution, saying the jobs market remains relatively strong despite a 0.2 percentage point lift in the unemployment rate in June. The jobless rate hit 4.3 per
Financial markets
Supermarket Income REIT plc, a leading UK-based property company, has made a significant move in the market by issuing its debut APS250 million sterling-denominated senior unsecured bond. This strategic decision aims to diversify the company's capital structure and transition towards primarily unsecured financing. The bond, with a term
Financial markets
In a major move aimed at strengthening the banking sector, Nepal Rastra Bank has directed banks and financial institutions to increase their minimum paid-up capital to Rs 8 billion by mid-July 2017. This decision was made as part of the Monetary Policy 2015-16, unveiled by NRB Governor Chiranjibi Nepal. The
Financial markets
Two financial traders, Tom Hayes and Carlo Palombo, who were previously convicted of manipulating interest rates, have had their convictions overturned by the UK's Supreme Court. The court found that the trial jury was misinformed, leading to unsafe convictions. This decision has significant implications for the finance industry
Financial markets
The Nigerian Insurers Association (NIA) has maintained its commitment to legal due process, insisting that its actions are guided by the advice of its solicitors. The association is at the center of a probe by the House of Representatives Committee on Capital Market and Other Institutions into allegations of non-remittance
Financial markets
The Supreme Court has quashed the convictions of former Citigroup and UBS trader Tom Hayes and ex-vice president of euro rates at Barclays bank, Carlo Palombo, for manipulating benchmark interest rates. Hayes was found guilty in 2015 of conspiracy to defraud over manipulating the London InterBank Offered Rate (Libor) between
Financial markets
Criticism has been voiced by Conservative MP Sir David Davis regarding the judicial system after the convictions of two former financial market traders were overturned by the Supreme Court. Tom Hayes and Carlo Palombo were found guilty of manipulating benchmark interest rates, but their convictions were quashed due to insufficient
Financial markets
The convictions of Tom Hayes and Carlo Palombo, two former financial market traders, have been quashed by the Supreme Court due to "ample evidence" that the jury was not properly directed during their trials. The pair was found guilty of manipulating the London Inter-Bank Offered Rate (Libor) and
Financial markets
Dubai Residential REIT, listed on the Dubai Financial Market, maintained a stable stock price on July 23, 2025, with no significant fluctuations throughout the trading session. The company's shares opened and closed at 1.27 AED, reflecting a minor move. The trading session saw a high of 1.
Financial markets
The Chimera S and P UAE Shariah ETF-Share class B-Income witnessed a significant decline in its trading price on July 23, 2025, as reported by the Dubai Financial Market. The ETF opened at 8.29, slightly below its previous closing of 8.35, and remained unchanged throughout the day, with
Financial markets
The Azerbaijan Central Bank (CBA) has been conducting deposit auctions to manage the country's unified treasury account balances since April 2025, leading to a positive effect on the banking sector's liquidity position. To combat the excess liquidity, the CBA aims to sterilize it through one-week operations,
Financial markets
The Pakistan Stock Exchange witnessed notable trading activity in the J S Global Banking Sector ETF (JSGBETF-JUL) as the contract period drew to a close. Market participants navigated the final days of the contract, spanning from April 28, 2025, to July 25, 2025, with settlement slated for July 29, 2025.
