Author: Jordan

The RBI said that all affected funds have either rectified the breaches or initiated remedial measures within the prescribed timeline, underlining the sector’s ability to manage risks proactively The Reserve Bank of India’s Financial Stability Report (FSR) indicates that the mutual fund industry remains broadly resilient despite a rise in the number and size of debt schemes breaching prescribed stress-test thresholds. The report noted that 44 open-ended debt schemes, with total assets under management (AUM) of ₹3.18 lakh crore, breached the thresholds set by either the Association of Mutual Funds in India (AMFI) or individual asset management companies (AMCs) in…

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Stocks hit a bit of an air pocket over the past week, but the turbulence was short-lived. US equities are heading into midyear up a respectable 8.6%, as measured by the Morningstar US Market Index. That’s not too bad, considering the Iran war, the resulting spike in oil prices, and the swing in expectations to the Federal Reserve hiking rather than cutting interest rates before the year’s end.For all the talk about mega-cap stocks, as we wrote about last week, 2026 is shaping up to be a decent year for small-company stocks. But mid-cap stocks are actually leading the charge.…

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🇰🇷 한국어로 읽기 →Crypto card payments have grown sharply to more than $1.5 billion a month. This report asks whether that marks crypto cards as genuine financial infrastructure or a model that is still maturing.Crypto cards resemble debit cards just before their 1990 commercialization, since both use existing payment networks to skip the merchant acceptance bottleneck. The primary-account relationship, salary deposits and recurring expenses, remains unbuilt.RedotPay alone leads a market of roughly $18 billion in annualized volume, with users concentrated in emerging markets. This makes crypto cards a supplementary tool for underserved, dollar-scarce regions rather than universal financial infrastructure.Payment volume…

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The United ‌Arab Emirates boosted crude oil and condensate exports to a record high in June, preliminary Kpler and Vortexa ship-tracking data showed, shortly after the Gulf ​producer left OPEC. The decision to end almost 60 years of membership of the Organization of the Petroleum Exporting Countries on May 1 during the ​U.S.-Israeli ​war with Iran was aimed at maximising the value of its resources, free from the constraints of the producer group’s quotas. Iran’s chokehold on the Strait of Hormuz, meanwhile, prompted Abu Dhabi National Oil Company (ADNOC) to set up a ⁠tanker shuttle service to export its crude…

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TULSA, Okla. — Most homebuyers skip mortgage shopping — and a new study shows it’s costing them thousands of dollars a year.A new Bankrate study finds that most borrowers fail to shop around for the best mortgage rate, and the cost of that oversight adds up fast. Nationally, the typical borrower overpays more than $3,300 a year by not comparing rates. In Oklahoma, about 89% of borrowers overpay, at an average cost of about $2,600 a year. kjrh Bankrate analyst Alex Gailey said the mortgage shopping process often gets pushed aside during the already stressful homebuying experience.”It can feel very…

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DA MP Lisa Schickerling asked Police Minister Firoz Cachalia (pictured) whether all members of the police’s senior membership had submitted their disclosures of annual assets and financial interests over the past five financial years. Be among those who shape the future with knowledge. Uncover exclusive stories that captivate your mind and heart with our FREE 14-day subscription trial. Dive into a world of inspiration, learning, and empowerment. You can only trial once. Source link

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The launch adds another blue-chip asset manager to Wall Street’s tokenization push. Firms including BlackRock, Franklin Templeton, Apollo and Janus Henderson have embraced onchain versions of traditional funds, betting the technology can modernize how assets are issued, transferred and settled. Supporters argue the technology can shorten settlement times, improve operational efficiency and allow assets to move more easily across blockchain-based financial applications.For Centrifuge, the partnership adds another large asset manager to its platform. The company already tokenizes funds from Apollo, Janus Henderson, with those assets increasingly integrated into decentralized finance protocols such as Aave and Morpho. It is also the…

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