Thu, Feb 1, 2024 1:36 PM
Budget 2024: Digital public infrastructure important for formalisation.
A Flip by Avya Verma
Morgan Stanley has won final approval to launch a futures business in China via a newly established unit, becoming the 2nd major U.S. entrant in the derivatives market of the world's second-largest economy. Morgan Stanley Futures (China), wholly owned by the U.S. bank, was for the first time listed as a licensed institution by the China Securities Regulatory Commission on Friday, a filing showed.
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New Zealand's central bank warns of rising unemployment, delayed business investment, and subdued global growth, citing a bleak economic picture with reduced demand and lower profitability, but notes the country's financial system remains resilient with banks prepared to handle potential loan defaults.
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Citi and Fidelity International unveil a proof-of-concept tokenized money market fund, set to debut at the Singapore FinTech Festival, which embeds foreign exchange swaps within the blockchain, promising transparency, efficiency, and instant redeemability, and paving the way for decentralized finance integrations.
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