worldbusinessstar
Swiss National Bank Launches CBDC Pilot with Major Financial Institutions
The Swiss National Bank (SNB) has announced a pilot project set to commence next month, which will explore the use of central bank digital...
TE Connectivity’s Robust Q4 Performance Fueled by Electric Vehicle Demand
TE Connectivity, a prominent Switzerland-based manufacturer specializing in connectivity and sensor solutions, delivered fourth-quarter results that surpassed Wall Street's expectations for profit. The company's...
Pinterest’s 17% Stock Surge: Robust Quarterly Performance and Gen Z Expansion
Pinterest's stock experienced a substantial 17% surge on a noteworthy Tuesday, setting the stage for an impressive turnaround driven by a robust quarterly performance....
BBVA Forecasts South American Asset Deterioration Amid Economic Challenges and Interest...
Spanish banking group BBVA has expressed concerns over the anticipated deterioration of its assets in South America by the end of this year. The...
Deutsche Bank’s Transformation: Closing Postbank Branches in Response to Digital Banking...
Deutsche Bank is embarking on a significant transformation in response to evolving customer preferences, and their plans involve closing nearly half of their Postbank...
The Digital Euro’s Evolution: A Major Milestone in Central Bank Digital...
The European Central Bank (ECB) has taken a significant step toward the introduction of a digital euro, signaling the beginning of a critical phase...
Honda and GM Abandon Affordable Electric Vehicle Venture in Strategic Shift
Honda Motor and General Motors (GM) have decided to abandon their joint efforts to develop affordable electric vehicles (EVs), marking a significant change in...
Morocco Signs Multimillion-Dollar Financing Agreements with African Development Bank
Morocco, a North African nation known for its rich cultural heritage and diverse landscapes, has taken significant steps toward strengthening its key sectors through...
RBI Plans Bond Sales to Manage Liquidity as Government Spending Increases
The Reserve Bank of India (RBI) is gearing up to conduct open market sales of bonds, but the timing and quantity will be closely...
Banking Regulators Propose Standardized Cryptoasset Holding Disclosures for Banks
The Basel Committee of banking regulators, representing major financial centers worldwide, has proposed a standardized format for major banks to disclose their holdings of...
