Digital euro likely to be rolled out in mid-2029: ECB’s Piero Cipollone
The digital euro project is gaining momentum, potentially launching in mid-2029, according to ECB’s Piero Cipollone. Euro-area finance ministers have reached an agreement on customer holding limits, marking a significant step forward. Discussions among member states are progressing positively, suggesting a concrete timeline for the digital currency’s introduction.
Asian stocks edge lower after mixed Fed signals
Asian stocks declined following a tech-driven dip in the S&P 500, compounded by cautious signals from Federal Reserve officials regarding interest-rate cuts. Jerome Powell highlighted persistent risks in both the labor market and inflation, maintaining flexibility amid pressure for aggressive easing. Oil prices rose due to concerns over Russian supply disruptions.
HNIs turn to risky debt investments for double-digit returns
Money managers are advising wealthy Indian investors to consider higher-risk debt options. These options include deals from Shapoorji Pallonji and Pharmeasy. Minimum investments are significantly higher, creating an exclusive market. These private debt transactions offer double-digit returns. However, they come with limited liquidity and increased risk. Experts emphasize the importance of understanding these risks before […]
Rupee hits record low amid rising US visa fees and tariffs
The Indian rupee plummeted to a record low of 88.7975 against the dollar, becoming the worst-performing Asian currency due to rising US visa fees and trade tensions. These factors threaten India’s IT sector and remittances, exacerbating pressures from high tariffs and weak foreign investment. The RBI’s limited intervention suggests a possible strategy to aid exporters […]