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Big Tech’s AI Spending Spree Redraws Global Bond Maps
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Big Tech’s AI Spending Spree Redraws Global Bond Maps

Alphabet and Amazon are aggressively tapping foreign bond markets, setting issuance records from London to Tokyo. By raising billions in sterling, yen, and Swiss francs, these tech giants are diversifying their funding sources to fuel a massive, multi-trillion-dollar expansion into artificial intelligence infrastructure and data centers.

Money Talk·Jun 1
DBS Bets on Physical Presence to Capture Asia’s Wealth Surge
Business

DBS Bets on Physical Presence to Capture Asia’s Wealth Surge

DBS Group is set to launch 18 new wealth management centers across Asia by 2027, pairing the expansion with a comprehensive upgrade of 36 existing sites. This represents the largest physical footprint increase in the bank's history, aimed directly at an affluent regional market projected to hit $4.7 trillion by 2026.

Beijing expands regulatory oversight on outbound technology investment
Business

Beijing expands regulatory oversight on outbound technology investment

One month after ordering the dissolution of Meta’s acquisition of startup Manus, Beijing has unveiled sweeping regulations tightening control over overseas deals. Effective July 1, the State Council’s new framework grants authorities broad powers to scrutinize investments involving sensitive data, proprietary technology, and national security interests.

Money Talk·Jun 1
Bank of England’s Greene bets on tokenized deposits over stablecoins
Business

Bank of England’s Greene bets on tokenized deposits over stablecoins

Five years from now, the current obsession with stablecoins may look like a misplaced concern. Bank of England policymaker Megan Greene argues that tokenized deposits are poised to dominate the digital landscape, eventually rendering the volatile, often unregulated assets known as stablecoins obsolete in the eyes of the global banking sector.

Money Talk·May 31
Central bank independence faces renewed political pushback
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Central bank independence faces renewed political pushback

Political friction is mounting against central banks as officials enforce unpopular rate hikes to combat global price surges. Current and former policymakers warn that increasing interference threatens to erode institutional credibility, potentially entrenching inflation and complicating the delicate task of stabilizing economies amidst rising government debt.

Money Talk·May 30
China accelerates digital yuan rollout to bypass global dollar reliance
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China accelerates digital yuan rollout to bypass global dollar reliance

Beijing is aggressively expanding the digital yuan’s reach, pushing banks to integrate the currency into fiscal spending, salary disbursements, and cross-border trade. This systemic shift aims to insulate China’s economy from potential geopolitical shocks while establishing a sovereign alternative to Western-dominated payment networks and the prevailing reserve currency.

Blackstone-backed Liftoff pivots to $3.7 billion US IPO target
Business

Blackstone-backed Liftoff pivots to $3.7 billion US IPO target

Redwood City-based Liftoff Mobile is testing investor appetite for software listings again, aiming for a $3.66 billion valuation in a revised U.S. initial public offering. The Blackstone-backed firm plans to raise up to $418 million by offering 19 million shares priced between $20 and $22 apiece.

Money Talk·May 30
BMO Recruits UBS Veteran to Lead U.S. Mergers and Acquisitions
Business

BMO Recruits UBS Veteran to Lead U.S. Mergers and Acquisitions

David Descoteaux is stepping into a pivotal leadership role at BMO Financial, tasked with heading the bank's U.S. M&A team for capital markets and commercial banking. His appointment concludes a month-long search to unify the Canadian lender's regional divisions as it seeks to capture rising deal flow across North America.

Money Talk·May 30
Private credit faces deepening losses and investor caution
Business

Private credit faces deepening losses and investor caution

Aggregate unrealised losses at 51 business development companies climbed to 2.35% of net asset value in the first quarter of 2026, marking the sector's steepest quarterly decline since mid-2022. This erosion of portfolio fundamentals highlights growing anxiety over profitability and the sustainability of debt servicing in private credit markets.

Kalshi bolsters surveillance team with former FBI analyst
Business

Kalshi bolsters surveillance team with former FBI analyst

Facing mounting scrutiny over insider trading, prediction market Kalshi has recruited former FBI intelligence analyst Tyler Neff to its surveillance division. Neff, who spent seven years focusing on white-collar crime at the bureau's New York field office, joins the exchange to strengthen oversight of increasingly volatile betting patterns.

Money Talk·May 29
Private Credit Strains Under Rising Unrealised Losses
Business

Private Credit Strains Under Rising Unrealised Losses

Aggregate unrealised losses at U.S. business development companies climbed to 2.35% of net asset value in the first quarter of 2026, marking the sharpest quarterly decline since 2022. This deterioration highlights growing pressure on middle-market borrowers struggling to navigate sustained high borrowing costs and cooling exit environments.

EU's six largest economies back unified capital market oversight
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EU's six largest economies back unified capital market oversight

Finance ministers from the European Union’s six largest economies have reached a consensus on centralizing capital market supervision. By shifting oversight from national regulators to the Paris-based European Securities and Markets Authority, the group aims to bolster the bloc's competitiveness against mounting economic pressure from the United States and China.

Money Talk·May 29
Hungarian Prosecutors Seize $300 Million in Central Bank Probe
Business

Hungarian Prosecutors Seize $300 Million in Central Bank Probe

Hungarian authorities have seized 92 billion forints, roughly $300 million, in an expanding money laundering investigation targeting foundations established by the National Bank of Hungary. The move follows a State Audit Office report that flagged opaque investment structures and the potential mismanagement of hundreds of billions in public assets.

Monte dei Paschi CEO pivots to integration over merger speculation
Business

Monte dei Paschi CEO pivots to integration over merger speculation

Dismissing recent reports of a potential tie-up with rival Banco BPM, Monte dei Paschi di Siena CEO Luigi Lovaglio confirmed on Friday that the bank’s current strategy remains tethered to the absorption of Mediobanca, the Milanese merchant firm acquired in a landmark 16-billion-euro deal concluded last year.

Markets Tread Carefully as Gulf Ceasefire Talks Advance
Business

Markets Tread Carefully as Gulf Ceasefire Talks Advance

Global equities are holding near record highs as reports of a potential 60-day ceasefire between the U.S. and Iran offer a reprieve from months of energy market volatility. Despite the cautious optimism, crude prices remain sensitive to the fragile negotiations and the looming threat of persistent inflation.

Money Talk·May 29
Fed liquidity reforms face hurdle in quest for smaller balance sheet
Business

Fed liquidity reforms face hurdle in quest for smaller balance sheet

New Federal Reserve Chairman Kevin Warsh faces a stark reality as he pushes to shrink the central bank’s $6.7 trillion balance sheet: while regulatory tweaks could drain some excess reserves, the structural shifts in the financial system since the 2007-2009 crisis make a return to pre-recession levels highly improbable.

Money Talk·May 29
Indian insurers push for higher tax-free thresholds to spur long-term capital
Business

Indian insurers push for higher tax-free thresholds to spur long-term capital

Indian life insurers are lobbying the government to double the tax-free limit on insurance policies from 500,000 rupees, aiming to revitalize stagnant inflows. The industry argues that current caps, implemented in February 2023, have stifled the growth of non-unit-linked schemes and reduced demand for essential long-term government debt.

Money Talk·May 29
Swiss Court Rejects Appeal from Gazprombank Bankers
Business

Swiss Court Rejects Appeal from Gazprombank Bankers

Four former Gazprombank employees have exhausted their legal options after Switzerland’s highest court upheld convictions for failing to conduct proper due diligence. The case centers on financial accounts linked to Sergey Roldugin, a concert cellist and close associate of President Vladimir Putin, which the court deemed insufficiently vetted.

Hong Kong eyes tax-free performance bonuses to lure global fund managers
Business

Hong Kong eyes tax-free performance bonuses to lure global fund managers

Hong Kong is moving to waive taxes on performance-linked bonuses for fund managers, a strategic shift aimed at cementing the city's status as Asia’s premier financial hub. By eliminating the current 17% levy on carried interest, officials hope to attract elite investment talent who are increasingly mobile in their choice of location.

Three Months Into the Gulf Conflict, Markets Face Inflation Pressure
Business

Three Months Into the Gulf Conflict, Markets Face Inflation Pressure

Three months after the onset of military action between the United States, Israel, and Iran, the initial timeline for a short-lived campaign has dissolved. With shipping through the Strait of Hormuz at a virtual standstill, global markets are bracing for the economic fallout of prolonged regional instability.

Asia's Wealthy Brace for Recession Amid Succession Gaps
Business

Asia's Wealthy Brace for Recession Amid Succession Gaps

With over 50% of high-net-worth individuals in the Asia-Pacific region citing recession as their primary concern for the coming three years, investors are grappling with a volatile global landscape defined by shifting trade policies and energy price spikes linked to ongoing conflicts in the Middle East.

ECB policymakers signal June rate hike as inflation pressure mounts
Business

ECB policymakers signal June rate hike as inflation pressure mounts

A number of European Central Bank officials considered an interest rate increase as early as April, according to accounts from the bank’s latest meeting. While policymakers ultimately opted to hold rates steady, the internal debate reveals a growing consensus that the era of looking past energy-driven price shocks is nearing its end.

Money Talk·May 29
US Treasury Launches Trump Accounts App for Child Investment
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US Treasury Launches Trump Accounts App for Child Investment

The U.S. Treasury has released the Trump Accounts app nationwide, initiating a federal program that provides a $1,000 seed deposit for children born between 2025 and 2028. Developed with Robinhood and BNY, the platform aims to foster long-term wealth building through tax-deferred index fund investments starting this July.

Money Talk·May 29
France threatens crypto firms with prosecution over MiCA licensing
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France threatens crypto firms with prosecution over MiCA licensing

With the European Union’s June 30 deadline for MiCA compliance fast approaching, French market regulator AMF has issued a stark ultimatum: crypto firms failing to secure proper licensing will face blacklisting and potential legal prosecution if they continue to target customers within the bloc without authorization.

Money Talk·May 29
E6 nations weigh shift to centralized EU capital market oversight
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E6 nations weigh shift to centralized EU capital market oversight

Finance ministers from Europe’s six largest economies gathered in Berlin on Thursday to reconcile national interests with a proposal to transfer capital market supervision to the Paris-based European Securities and Markets Authority. The meeting marks a push to consolidate oversight before engaging the remaining 21 EU member states.

Money Talk·May 29
Brazil's Manufacturing Surge Drives First-Quarter Economic Recovery
Business

Brazil's Manufacturing Surge Drives First-Quarter Economic Recovery

Brazil's economy likely accelerated in the first quarter of 2025, with growth projected at 1.0% compared to the previous three-month period. A Reuters poll of 24 analysts points to a rebound fueled by a robust manufacturing sector and resilient household spending, marking a shift away from the stagnation seen at the end of last year.

RWE Eyes Expanded Control Over Power Operator Amprion
Business

RWE Eyes Expanded Control Over Power Operator Amprion

Germany’s largest power producer, RWE, is weighing a bid to increase its 25.1% stake in the grid operator Amprion. The move involves a potential acquisition of shares currently held by a group of pension funds, a strategic shift that would tighten the utility's grip on critical national energy infrastructure.

Monte dei Paschi and Banco BPM weigh merger path
Business

Monte dei Paschi and Banco BPM weigh merger path

Talks between Monte dei Paschi di Siena and rival Banco BPM resurfaced shortly after the reappointment of MPS CEO Luigi Lovaglio in April, according to reports from Italian news agency Adnkronos. The potential union of Italy’s third and fourth-largest lenders remains a long-discussed strategy to challenge the dominance of UniCredit and Intesa Sanpaolo.

Money Talk·May 29
US Treasury Trims Sanctions List to Sharpen Enforcement
Business

US Treasury Trims Sanctions List to Sharpen Enforcement

The U.S. Treasury Department is scrubbing 76 names and entities from its sanctions blacklist, a strategic recalibration intended to reduce administrative bloat. By removing deceased individuals and defunct organizations, officials aim to redirect enforcement resources toward more pressing national security threats and active evasion schemes.