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News
IBK Says Middle East Price Pressures Are Building, Raising Odds of September Fed Hike
2+ day, 14+ hour ago (232+ words) Geopolitical instability in the Middle East is pushing up global oil and commodity prices, bringing the possibility of another Federal Reserve rate increase back into focus, according to a report from IBK Investment & Securities. In a Sept. 11 report, IBK Investment…...
MoneyGram Launches Stellar-Based Stablecoin Visa Card, Debuts in Colombia
2+ day, 22+ hour ago (160+ words) Global remittance company **MoneyGram** has launched a **stablecoin-based Visa card** built on the **Stellar network**. The card supports payments using **stablecoins** and operates on the **Stellar network**. The service will be introduced first in **Colombia**, as MoneyGram expands services connecting…...
Polymarket Names First CFO in Push to Catch Kalshi, Accelerate Fundraising
3+ day, 1+ hour ago (171+ words) Polymarket, the global prediction-market platform, has appointed its first chief financial officer to oversee the company’s finances. Bloomberg reported on September 10 that Polymarket had hired Warren Jenson as its new CFO. He began the role this week. Jenson previously held…...
War, AI and Dollar Distrust Ignite Rare ‘Everything Rally’ in Commodities
3+ day, 1+ hour ago (398+ words) Global commodity markets have entered what would be the sixth “super rally” since World War II, with prices for oil, metals and grains climbing to their highest levels in 18 years. The FTSE/CRB Commodity Index, a broad gauge of raw-material…...
Kospi Holds 7,000 Despite Quadruple Witching, Semiconductor Rebalancing
3+ day, 3+ hour ago (351+ words) The Kospi held the **7,000 level** despite quadruple witching and large-scale **ETF rebalancing**. **Samsung Electronics** and **SK Hynix** cut their losses on **share buybacks** and purchases by other corporations, helping support the market’s floor. On the Kosdaq, semiconductor **parts, materials and…...
KIC to Build Korean-Style Strategic Sovereign Fund Into Ultra-Long-Term 'Patient Capital"
3+ day, 5+ hour ago (393+ words) Park Il-young said Korea Investment Corp., or KIC, will be developed into a **Korean-style strategic sovereign wealth fund** and ultra-long-term **patient capital**. KIC said it will serve three roles: long-term **equity investment** with no set maturity or liquidation date, **anchor…...
Coinbase CEO Says Stablecoin Payments Will Be a Key Growth Driver
3+ day, 6+ hour ago (210+ words) Coinbase, the U.S. cryptocurrency exchange, said its stablecoin business will be a major growth driver in the years ahead. Brian Armstrong, Coinbase’s chief executive officer, told Bloomberg in an interview on Sept. 10 that stablecoin payments would grow into a very large…...
Lee So-young Signals Need to Pace Tougher Kosdaq Delisting Rules, Tiered System, Says She’d Debate FSC Chief
3+ day, 7+ hour ago (493+ words) Lee said the **tightening of Kosdaq delisting standards** and the **introduction of a tiered market system** should be reviewed to determine whether the pace and method are manageable for the market and existing shareholders. Lee said the **tightening of delisting…...
US-China 10-Year Yield Gap Hits Record 317 Basis Points, Adding Pressure on Yuan
3+ day, 11+ hour ago (199+ words) The gap between US and Chinese 10-year government bond yields has widened to a record, raising concern that China could face heavier capital outflows and greater downward pressure on the yuan. That widened the spread between the two countries’ 10-year…...
ECB Poised for Second Rate Hike Since Iran War, Deposit Rate Seen at 2.5%
3+ day, 8+ hour ago (369+ words) The European Central Bank is poised to raise its deposit rate to 2.5% on September 10 as a jump in energy prices tied to the Iran war keeps inflation well above target. According to Bloomberg, the ECB is expected to lift the…...