services

Columnists Caution on digital money services Monday December 18 2023 Illustration of online money transfer. PHOTO | ILLUSTRATION In the era of rapid technological advancements, the landscape of financial services has undergone a…

© Reuters. NEW DELHI - The Indian Rupee depreciated against a strengthening US Dollar today, as India's services sector experienced a slowdown in growth. The S&P Global Services Purchasing Managers' Index (PMI) for November fell…

It was a busy day in Asia on Tuesday with a couple of inflation data releases leading. South Korea was first, with its November CPI. South Korean data does not often get a mention in the wrap but today’s release showed the m/m headline CPI…

Northern Data – a German data center and Bitcoin mining operator – has spent another $360 million on GPUs to bolster its cloud computing services. The move signals further integration of Bitcoin miners into the AI sector…

© Reuters. Standard Chartered (OTC:) has announced its participation in China's digital yuan trials, marking a significant step for the international bank in the realm of digital currencies. As one of the first foreign financial…

Austria’s Raiffeisen Bank International announced its plan to offer cryptocurrency trading services to its retail customers. This pioneering step will commence by the end of January 2024, marking a new era in the bank’s…

Prior 47.8Manufacturing PMI 43.8 vs 43.4 expectedPrior 43.1Composite PMI 47.1 vs 46.9 expectedPrior 46.5There are improvements across all sectors but the euro area economy continues to contract in November, albeit at a slower pace. That…

The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion received an education in the uses of blockchain technology in a hearing entitled “Crypto Crime in Context: Breaking Down the…

Tether, the issuer of the world’s largest stablecoin USDT, is planning to launch five new projects in 2024, further expanding its reach beyond stablecoin issuance. Tether CEO Paolo Ardoino hinted at the new projects in a…

The launch of the global AI advisory services comes after Visa recently made a significant investment in the field of AI. Global payments giant Visa Inc (NYSE: V) has introduced its new global artificial intelligence (AI) advisory…