News - page 35

Finance & Economics

Bank of Japan Holds Off From Policy Normalization Moves

The Bank of Japan maintained its moderate stance following the results of its last monetary policy meeting this year, although markets are signaling growing confidence that the financial regulator is gradually approaching the normalization of its activity strategy.

Finance & Economics

China Leaves Lending Benchmark Rates Unchanged

In China, local financial authorities on Wednesday, December 20, decided to keep benchmark lending rates at a monthly level, which corresponds to preliminary market expectations and is a predictable action that does not go beyond the most likely scenarios.

Fintech & Ecommerce

Meta Launches Partnership With India’s ONDC

Meta announced the beginning of cooperation with the Indian Open Network for Digital Commerce (ONDC).

Fintech & Ecommerce

Uber for Business Adds Integrations With Expense Management Providers

Uber for Business has integrated with Brex and Ramp cost management service providers.

Blockchain & Crypto

Alchemy Pay Partners With Worldpay to Enhance On & Off-Ramp Payments

Alchemy Pay has entered into a strategic partnership with Worldpay acquirer to enhance its fiat-crypto payment gateway with credit and debit card functionality.

Science & Technology

OpenAI Adopts Preparedness Framework to Mitigate AI Risks

The Preparedness Framework by OpenAI aims to track, evaluate, and forecast risks posed by increasingly powerful AI models to enhance a systemic approach to protection.

Blockchain & Crypto

7RCC Applies for ESG-Focused Spot Bitcoin ETF

Crypto firm 7RCC applied for an ESG-focused spot Bitcoin ETF that will include 80% Bitcoin and 20% Carbon Credits Futures with the US SEC.

Science & Technology

Google Users to Share $630 Million in Play Store Settlement

Google has agreed to pay $700 million and allow competition in its Play app virtual store.

Finance & Economics

India Central Bank Tightens Rules for Financing of Alternative Investment Funds

The Central Bank of India on Tuesday, December 19, banned banks and non-bank financial companies that are in the area of its regulation from sending financing to alternative investment funds.

Blockchain & Crypto

China and Singapore to Use E-Yuan for Tourist Spending in Cross-Border CBDC Pilot

China’s Central Bank Digital Currency (CBDC) – e-yuan – will be now used for cross-border payments between China and Singapore, facilitating tourist spending between the two countries.

Finance & Economics

Malaysia’s Prime Minister Pushes for Local Currency Transactions in Trade

Malaysian Prime Minister Datuk Seri Anwar Ibrahim intends to implement a strategy to gradually increase the use of the local currency ringgit as part of financial operations in the sphere of trade.

Fintech & Ecommerce

Singapore to Suspend Non-Bank and Non-Card Channels for Remittance to China

The Monetary Authority of Singapore (MAS) has instructed companies providing money transfer services to suspend the use of non-bank and non-card channels when interacting with individuals interested in cross-border transactions to China.

Fintech & Ecommerce

Xero and Flinks to Enhance Banking Data Access

Xero, a global platform for small businesses, has announced the start of a partnership with Flinks, an open banking company.

Blockchain & Crypto

Cambodia Chalks Up 10 Million Bakong Digital Currency Accounts

The digital currency of Cambodia called Bakong, which was developed with the participation of specialists from a Japanese startup, has become widespread, as evidenced by the existence of about 10 million accounts registered to own this digital money.

Science & Technology

Apple Reportedly to Stop Selling Some Apple Watch Models

The media reported that Apple will stop selling the Watch Series 9 and Ultra 2 in the United States shortly before Christmas.

Finance & Economics

Bank of Japan Reportedly to Keep World’s Last Negative Interest Rate

The Bank of Japan is expected to maintain the world’s last negative rate on Tuesday, December 19.