why commercial banks will be key players

Central Bank Digital Currencies (CBDCs), a digital form of central bank money, are firmly on the radar of central banks globally. According to the Atlantic Council more than 100 countries are actively exploring a CBDC. Many are further along in their journey and some have already launched. But why do we need them? And what … Read more

How the mini-Budget triggered a week of chaos in Britain’s property market

British banks had withdrawn a record 1,000 home loans from the market on Tuesday, more than double the 462 products withdrawn during the pandemic in April 2020, according to Moneyfacts. By Thursday, 1,621 trades had disappeared from the market in the days since the minibudget. Virgin Money withdrew its entire range of products on Monday … Read more

Property prices drop nationally again, with Sydney diving 6pc annually and regional Australia following suit

Property prices continue to decline nationally as interest rates rise, and capital city housing markets have fallen as much as 6 percent in the last three months. CoreLogic data shows that in September, properties sold for 1.4 percent less on average nationally than in August. The only capital city not to see a monthly decline … Read more

Policy steps to stabilize fund inflows

A teller counts and arranges dollar bills at a branch of the Agricultural Bank of China in Qionghai, Hainan province. [Photo/China Daily] Update of the catalog of industries to attract capital to key sectors, regions China will resolutely implement policy measures to stabilize foreign investment as part of the expansion of the high-level opening-up policy, … Read more

Alzheimer’s drug shows promise in early results of study

Shares of Biogen and other drugmakers that research Alzheimer’s disease soared early Wednesday after JapanEisai Co.’s said its potential treatment appeared to slow the deadly disease in a late-stage study. The drugmaker said early results showed its treatment, lecanemab, reduced a patient’s clinical decline by 27% compared to a placebo or dummy drug after 18 … Read more

UK mortgage borrowers are in for a nasty shock from soaring rates

London CNN Business — Millions of mortgage borrowers in the United Kingdom they are preparing for big increases in their monthly payments as a result of the run on the pound. Markets have been in turmoil ever since UK finance minister Kwasi Kwarteng announced the biggest tax cuts in 50 years on Friday, along with … Read more

House prices to fall by as much as 15pc if interest rates hit 6pc

House prices will fall as much as 15 percent as higher interest rates slash buyers’ purchasing power, economists have warned, while the number of homes sold risks collapsing from 1.2 million. per year to just 800,000. This threatens to open a new £5bn hole in the Government’s finances, as years of rapid growth in stamp … Read more

HCF, Bupa and AHM health funds: Major change to private health insurance that could save families thousands

A major change to private health insurance Policies have been put in place that could save some families thousands of dollars in premiums. The age limit for dependent children has been raised from 25 to 31 for a handful of Australian health insurers, meaning they can be covered by family policies for longer. Health insurers … Read more

Why the stamp duty cut won’t stop a catastrophic house price crash

Andrew Wishart of analyst firm Capital Economics says: “Market reaction to the announcement suggests mortgage rates of more than 6% are now a distinct possibility, leaving house prices more overvalued than in 2007.” . The stamp duty savings will help increase buyers’ deposits because it must be paid in advance, says Wishart. “But it won’t … Read more

These 8 startups will get $100,000 to grow in Louisville | Business

LOUISVILLE, Ky. (WDRB) — Eight startups will each get $100,000 in capital to grow their businesses in the Louisville area. Render Capital, a Louisville-based hedge fund, announced the winners of its third throwing competition during an event at Lynn Family Stadium Thursday night. Render will invest $100,000 in each of the companies, three of which … Read more