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The Latest Breaking News on Financial Services

FTX’s Bankman-Fried says he will testify before US Congress

FTX founder says he will testify when he has ‘finished learning and reviewing’ collapse of cryptocurrency exchange.

Al Jazeera

Report urges revamp of 'failing' Medicare

A new report urges an overhaul of Medicare and the way GPs work because the current system is failing patients and doctors.

AAP

Party denies 'Tuhao' ties

The Pheu Thai Party and SC Asset Corporation have denied having any links to a Chinese criminal syndicate run by businessman and suspected crime boss Chaiyanat "Tuhao" Kornchayanant, saying foes are trying to ruin the reputation of the party and the company.

Bangkok Post

From analysis to the latest developments in health,
read the most diverse news in one place.

Christmas rail strikes set to go ahead after RMT rejects offer

Deal contingent on reforms including ticket office closures and an increase in drivers controlling the doors on trains

The Independent UK

Grattan Institute calls for overhaul of ‘failed’ Medicare system

Medicare has failed and needs a complete overhaul as it no longer provides for Australians' health needs, says a damning new report. Forty years after the

The New Daily

Rail employers hope to avert Christmas strikes with latest pay offer to unions

Th Rail Delivery Group said it had offered an 8% pay rise over two years plus a guarantee of no compulsory redundancies to April 24.

The Independent UK

Saudi Exchange Launches Market-Making Framework

Saudi Arabia's stock exchange said on Sunday it was launching a market-making framework for its stock and derivatives markets to help ensure liquidity and raise price-determination efficiency. Entities must be exchange members, derivatives exchange members or their clients to be market makers. "Market Makers have to ensure the availability of…

Asharq Al-Awsat

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Fears Arnold is being 'ruined' as HSBC announces closure of town centre bank

'I think they should keep it open, they have managed to all these years'

Nottingham Post

Ukrainian Woman Accused of Helping Lebanon’s Central Bank Governor Fund Embezzlement

The French Judiciary indicted a Ukrainian woman, who was said to be close to the governor of Lebanon’s Central Bank, Riad Salameh, as part of its investigation into the latter’s wealth in France. AFP quoted a French judicial source as confirming that the charges against Ukrainian Anna Kozakova, 46, include…

Asharq Al-Awsat

Half a million small business employees to get extra 2.5 days annual leave at Christmas

Nearly half of small and medium businesses will host festive parties for their employees this Christmas - as two in five believe this is good for staff retention

Daily Mirror

Senate Democrats to reportedly push banking reforms for cannabis industry

Justice department is scrutinizing measures’ implications on law enforcement investigations and prosecutions

The Guardian - US

'I don't want empty shops to be blighting Whitley Bay' - Councillor decries HSBC branch closure

Whitley Bay, Gosforth, and South Shields branches all face closure under new plans to shut 114 branches with the loss of 100 jobs

Chronicle Live

All eyes on last cash rate call for 2022

The Reserve Bank board will meet for its December cash rate decision next week and Australia's economic growth for the third quarter will be revealed.

AAP

Swati Dhingra of the Bank of England: ‘Are we going to end up deepening the recession?’

In her first interview since joining the monetary policy committee, Britain’s newest interest-rate setter warns inflation is not the biggest threat to the economy – because ‘the slowdown is here’

The Guardian - UK

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The Guardian - UK

Brexit has fuelled surge in UK food prices, says Bank of England policymaker

Britons need to be kept aware of the cost of leaving the EU, says Swati Dhingra

Axios

Crypto's Enron-sized scandal threatens to undermine its core reason to exist

The crypto industry was already facing a trust deficit, and this has set it back far.

Dynamite News

RBI's Digital Rupee A "Game Changer", Says SBI Chairman Dinesh Khara

The Reserve Bank of India's pilot project on retail digital Rupee is a "game changer", said SBI Chairman Dinesh Khara, and added that it will have durable effects which would ensure better monetary transmission at much lesser costs. Read on for details:

Bangkok Post

Banks prudently mull rate adjustment

Banks are taking their time before making any decision on adjusting loan rates as next year there are several risks, particularly concern about a global recession and swelling household debt, despite reports of Thailand's economic recovery.

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news in one place.

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AAP

Credit card loyalty is costing Australians

Australians who don't shop around for new credit cards are leaving money on the table, according to a leading consumer research group.

Evening Standard

When is the next UK interest rate announcement and will they go down in 2024?

Interest rate announcements affect millions of homeowners with variable-rate mortgages

Edinburgh Live

Edinburgh's Union Canal could carry freight under plan for delivery hubs to cut traffic

The plans would replicate moves seen in other major European cities, and could also see the city's trams used to bring freight into the city.

StockNews.com

Is This Stock Still an Attractive Energy Play This Winter?

Devon Energy (DVN) surpassed consensus estimates in its 2022 third quarter. However, DVN has lost almost 12% over the past month amid multiple analyst downgrades, falling demand, and low energy prices. Is the energy stock still an attractive buy this winter? Let's find out….

The Times of India

Digital rupee a game changer, says SBI chairman Dinesh Khara

NEW DELHI: SBI chairman Dinesh Khara on Friday said the Reserve Bank's first pilot project for retail digital rupee is a "game changer" with durable effects that should ensure better monetary transmission at much lesser costs.

Liverpool Echo

Merseyside road still closed weeks after sinkhole opened

United Utilities have said they are waiting on "permission" to fix the sinkhole

StockNews.com

4 Stocks That Can Help Fire up Your Portfolio This Winter

Recent data indicates the signs of slowing down inflation. Additionally, the Fed is leaning toward slowing its pace of rate hikes. Amid this, fundamentally strong stocks Johnson & Johnson (JNJ), CVS Health (CVS), Douglas Dynamics (PLOW), and Genie Energy (GNE) might be ideal additions to your portfolio this winter. Continue…

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