Foreign banks bought $5.6 billion of India ABS in record year
Why it matters: Overseas lenders took about 35% of issuance, helping push India’s asset-backed debt sales to 1.53 trillion rupees.
Subject
#Standard Chartered
Hormuz reopening cuts oil to $80, but inflation hit may linger for months
Why it matters: Analysts and the World Bank expect delayed pass-through to food, gas and freight even as Gulf shipping recovers.
PBOC narrows rate corridor, points China toward overnight benchmark
Why it matters: Tighter control of overnight funding costs could sharpen how China transmits monetary policy through banks and markets.
Bloomberg, The Business Times (Singapore)
HSBC CEO pushes back on AI job fears, says hiring could grow
What's new: Georges Elhedery said HSBC already uses AI for compliance checks even as reports point to up to 20,000 potential cuts.
Bloomberg, The Business Times (Singapore)
Bitcoin falls below $60,000 after 13-day ETF outflow streak
What's new: The token is down 16% for the week, and about $4 billion in bullish crypto bets have been wiped out.
Bitcoin slides below $60,000 in worst week since November 2022
What's new: US bitcoin ETFs just snapped a 13-day outflow streak after about $4.4 billion left the funds, while Strategy's sale rattled sentiment.
Bitcoin sinks below $60,000 in worst week since 2022 sell-off
What's new: A 13-day run of outflows from US bitcoin ETFs ended, but net assets still fell to $80.4 billion from $107.8 billion on May 14.
Bitcoin drops below $60,000, capping its worst week since 2022
What's new: US bitcoin ETFs just ended a record 13-day outflow streak after withdrawals cut net assets to $80.4 billion.
Bitcoin slides below $60,000 after 5-day rout hits October 2024 low
What's new: US-listed bitcoin ETFs just snapped a record 13-day outflow streak after assets shrank to $80.4 billion.
Bitcoin slides below $60,000, capping its worst week in months
What's new: The token fell 16% for the week, while U.S.-listed bitcoin ETFs just ended a record 13-session run of outflows.
Banks curb China travel as Beijing widens cross-border crackdown
What's new: UBS delayed a mainland wealth event, while Hong Kong regulators now require declarations that new investment funds came from outside China.