Author: Charlotte

The Ministry of Finance is working to replace its existing macroeconomic forecasting framework with a new model designed to better assess the impact of economic reforms, policy decisions and shocks on the broader economy and public debt, according to an IMF technical assistance report seen by EBR. The initiative, financed by the government of Japan, comes as Ethiopian authorities navigate one of the country’s most far-reaching policy shifts in decades, including a floating exchange rate and interest-based monetary policy.The report indicates that the Ministry of Finance (MoF) requested the assistance in October 2024, after which the IMF’s Institute for Capacity…

JioBlackRock Mutual Fund will launch the JioBlackRock Balanced Advantage Fund in September. The new fund offer (NFO) for the balanced advantage fund will open for subscription on September 11 and close on September 25. The fund will reopen for continuous sale and repurchase within five business days of the allotment date. The fund house had filed the draft offer document with Sebi for the hybrid fund on August 13.JioBlackRock Balanced Advantage Fund will be an open-ended dynamic asset allocation fund investing in debt and equity instruments only, and the investment objective will be to generate long-term capital appreciation with income…

Think “Play-and-Earn,” Not Guaranteed Income: The smarter approach is to treat NFT gaming as gaming first and potential income second. Check the game’s real player activity, understand its token economy, use a separate wallet and track gas fees, hardware costs and time before calculating actual profits. Source link

Mutual fund NFOs: 3 new funds will open for subscription this week The Economic Times Source link

Stablecoins do not yet credibly function as a payment method at scale, Bank for International Settlements General Manager Pablo Hernández de Cos said on Aug. 28 at the Federal Reserve’s Jackson Hole symposium. Summary BIS chief Pablo Hernández de Cos said stablecoins cannot credibly support payments at scale today. Tokenized deposits preserve settlement in central bank money, making them preferable for payments, de Cos. Five major jurisdictions differ over which entities may issue stablecoins and conduct additional financial activities. U.S. rules require payment stablecoins to maintain one-for-one reserves using cash and eligible short-term assets. Stablecoin issuers’ Treasury purchases could lower…

The poster child for poorly conceived war plans (and name changes). Photo: Andrew Harnik/Getty Images In terms of their relations with the U.S., Canada, and Iran have very little in common. One is America’s closest neighbor and second-largest trade partner, sharing the world’s longest international border, extensive economic and cultural ties, and a long history of friendly cooperation. The other has been a U.S. adversary for nearly five decades, including a new war that has now lasted more than six months. What Canada and Iran do have in common is an enemy: they’re both targets of new economic offensives by…

Swing traders use strategies to identify potential entry and exit points across price moves that may unfold over several days or weeks. They may combine fundamental and technical analysis when evaluating these opportunities.Let’s explore what swing trading is and the best swing trading strategies.Key Takeaways:Swing trading is based on profiting from price movements that occur during bear and bull markets. Swing trading positions last more than a day, but usually less than a couple of weeks.Swing trading strategies aim to capture short- to medium-term price moves, but outcomes vary and every strategy carries risk.What is swing trading?Swing trading is a popular…

On Sunday morning, Israeli occupation forces began bulldozing dozens of dunams of Palestinian-owned land in the Wadi ar-Rayat area, west of Deir Ballut, in the Salfit governorate of the central occupied West Bank. Deir Ballut Mayor Jihad al-Qassem told the Palestinian News & Information Agency (WAFA) that Israeli forces, accompanied by three military bulldozers, invaded the Abu al-Rayat area west of the town and began leveling extensive tracts of land. Al-Qassem said the bulldozing is part of ongoing efforts to seize Palestinian agricultural land, impose new facts on the ground, restrict farmers’ access to their property, and prevent them…

Charles Schwab’s director of global equity research, Adam Lynch, laid out the firm’s crypto allocation thinking in a recent appearance, distinguishing between five digital assets the firm views as serving fundamentally different roles in a portfolio: Bitcoin, Ethereum, Solana, $XRP and Hyperliquid. Not All Crypto Is the Same Trade, Schwab Says Lynch described Bitcoin as the “classic” debasement hedge, the asset investors turn to when concerned about fiat currency devaluation. Ethereum, he said, carries more functional utility than Bitcoin while still fitting into that broader debasement narrative. Beyond the two majors, Lynch grouped Solana, $XRP and Hyperliquid as higher-volatility, higher-risk…

Investors withdrew $22.33 billion from U.S. equity funds in the week through Aug. 26, the biggest weekly outflow since March, as caution grew ahead of Nvidia earnings and Federal Reserve Chair Kevin Warsh’s Jackson Hole speech. The selling was heavily concentrated in large-cap funds, while technology and smaller-company strategies continued to attract money. The data suggest investors were reducing broad U.S. equity exposure rather than abandoning risk assets altogether. Large-cap funds suffered $24.73 billion in net withdrawals, but mid-cap funds drew $2.24 billion and small-cap funds added about $794 million. U.S. Equity Funds See Biggest Outflow in Five MonthsThe $22.33 billion weekly…