Oil prices saw a slight dip on Monday. This comes as markets consider U.S. President Donald Trump’s initiative to free ships stuck in the Strait of Hormuz. Tensions between Tehran and Washington continue. The vital waterway remains largely blocked, impacting…
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Iran has received a US response to its 30-day peace proposal, conveyed via Pakistan. The offer aims to end the ongoing war, not just extend a ceasefire, and suggests delaying nuclear talks until after hostilities cease. The US President expressed…
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The Australian Prudential Regulation Authority has flagged that rapid AI adoption across financial institutions is outpacing governance, cyber resilience and risk controls, exposing banks to emerging operational and systemic vulnerabilities.
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While the transition may involve higher compliance and operational costs in the initial phase, the ECL framework is expected to improve risk recognition and strengthen the resilience of the banking system, with data and analytics becoming central to credit decision-making.
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Big Tech’s March quarter 2026 earnings reveal a significant AI-driven transformation, with revenue up across the board. Companies are projecting record capital expenditure on AI infrastructure, exceeding $674 billion for 2026, while simultaneously implementing widespread job cuts. This strategic redirection…
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Corporate borrowers are increasingly favoring bank loans over bond issuances as rising capital market yields diminish the cost advantage of bonds. Spreads between bank lending rates and bond yields have significantly compressed, particularly for higher-rated entities, leading to a notable…
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