{
}
Investec Ltd., known for serving high-net-worth individuals in South Africa, is expanding its business banking unit by launching a payments system for corporate clients to handle high-volume, low-value transactions. Utilizing the PayShap infrastructure, the new offering aims to enhance payment processing capabilities. Kuben Naidoo, the bank's head of corporate payments, brings extensive experience from his previous role at the South African Reserve Bank.
Tether, the $120 billion stablecoin, is experiencing increased usage in Europe, the Middle East, and Africa amid growing scrutiny in the US. Data from Chainalysis reveals a surge in digital wallet activations during late morning to afternoon hours in cities like Moscow, Tehran, Kigali, and Istanbul.
UK bonds faced a sell-off as investors anticipated a significant increase in borrowing by Chancellor Rachel Reeves in the upcoming budget. Yields on 10-year UK bonds rose by seven basis points to 4.27%, marking a notable divergence from falling global borrowing costs and elevating the UK's risk premium against German debt to its highest level in over a year.
Bloomberg Terminal
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
investec expands business banking with new low-value payments system
08:09 07.11.2024
tether usage rises in europe and middle east amid us scrutiny
10:00 01.11.2024
uk bonds face pressure ahead of budget as yields rise sharply
10:43 24.10.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
CEO Changes
Market Analysis and Predictions
Banking Regulations
Industry Mergers & Acquisitions
Energy Sector Developments
Global Trade Developments
Startups & Entrepreneurship
Government Policies
Financial Scams and Security
Domestic Politics
Hedge Funds & Private Equity
Supply Chain Management
Central Bank Actions
Workplace Trends
Countries:
Companies:
Tesla, Inc.
Barclays PLC
JPMorgan Chase & Co.
Apple Inc.
UBS Group AG
Capital One Financial Corporation
NVIDIA Corporation
The Goldman Sachs Group, Inc.
Morgan Stanley
Bank of America Corporation
Commerzbank AG
Amazon.com, Inc.
Deutsche Bank RV Global PP
SpaceXCoin USD
Credit Suisse Real Estate Fund Siat
Wells Fargo & Company
Berkshire Hathaway Inc.
SAP SE
BNP Paribas SA
Google Inc.
Currencies:
United States Dollar
Euro
Chinese Yuan
Indian Rupee
Swiss Franc
British Pound Sterling
Vietnamese Đồng
Hong Kong Dollar
Australian Dollar
Singapore Dollar
United Arab Emirates Dirham
South Korean Won
Thai Baht
Norwegian Krone
Danish Krone
Swedish Krona
Russian Ruble
Ghanaian Cedi
Canadian Dollar
Turkish Lira
People: