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Finance

Spain plans to tackle housing crisis with 100% tax on homes bought by foreigners.

Spanish Prime Minister Pedro Sanchez on Monday proposed a package of measures aimed at alleviating a shortage of homes, high rents and rising house prices across the country, with foreign home buyers and mass tourism seen as contributing to housing […]

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January 17, 2025
Kelly Evans: The imbalances are getting extreme.

The U.S. dollar is surging to historic highs, right as President-elect Trump is about to take office. We hit 110 on the Dollar Index this morning (which measures it against a basket of other major currencies). To put that into […]

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January 17, 2025
Saudi Arabia vows to be ‘fast and furious’ in mining as it reveals $100 billion investment.

Saudi Arabia is pushing ahead to put itself on the global critical minerals map, announcing a number of deals, investment plans and discoveries at its annual Future Minerals Forum in the capital Riyadh. Saudi Vice Minister of Mining Affairs Khalid […]

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January 17, 2025
Canada Readies Tariffs on $105 Billion of US Products If Trump Hits First.

Canada has drawn up an initial list of C$150 billion ($105 billion) of US-manufactured items that it would hit with tariffs if President-elect Donald Trump decides to levy tariffs against Canadian goods, according to an official familiar with the matter. […]

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January 16, 2025
BankDhofar named Oman’s best trade finance provider 2025 by Global Finance.

BankDhofar is honored to announce its recognition as “Oman’s Best Trade Finance Provider 2025” by Global Finance, a prestigious accolade that underscores the Bank’s unwavering dedication to delivering innovative, customer-focused digital trade finance solutions. This milestone reflects BankDhofar’s commitment to advancing the […]

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January 16, 2025
Record-Breaking Year for C2FO Marks Shift in Trade Finance Landscape.

C2FO, the world’s on-demand working capital platform, announced that in December it had surpassed $400 billion in lifetime funding to its customers and achieved $1 billion of daily funding for the first time. These milestones reflect a significant shift in the business financing […]

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January 16, 2025
Japan to take appropriate action against excessive FX moves, finance minister says.

TOKYO (Reuters) – Japan Finance Minister Katsunobu Kato on Wednesday reiterated that the government would take appropriate action against excessive moves on the foreign exchange market. “The government has been alarmed over foreign exchange moves, including those driven by speculators,” […]

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January 15, 2025
December CPI report expected to show sticky inflation as investors recalibrate rate cut bets.

December’s Consumer Price Index (CPI) will serve as the latest test of whether an inflation resurgence is a risk to the US economy as investors debate if and when the Federal Reserve will cut interest rates in 2025. The report, […]

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January 15, 2025
Asia stocks inch up tracking Wall Street, spotlight on key US inflation data.

Most Asian stocks edged higher on Wednesday tracking overnight rise on Wall Street, but gains were limited as investors remained cautious ahead of key U.S. inflation data, particularly in light of the Federal Reserve’s hawkish stance in December. U.S. stock […]

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January 15, 2025
UK Sees Solid Demand for 30-Year Bond Sale at Higher Yields

The Debt Management Office sold £1 billion ($1.2 billion) of 30-year inflation-linked bonds, which was oversubscribed 3.06 times. That compares to around 3.1 times at the last sale by auction of similar securities a year ago. UK assets have been […]

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January 14, 2025
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