Core Viewpoint - The announcement by the People's Bank of China, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange supports foreign institutional investors in conducting bond repurchase transactions in the Chinese bond market, enhancing liquidity management and promoting the internationalization of the RMB [1][3][11]. Group 1: Announcement Details - As of August 2025, 1,170 foreign institutions from 80 countries hold approximately 4 trillion RMB in Chinese bonds, indicating a growing interest in the market [3][11]. - The announcement allows all foreign institutional investors, including central banks, sovereign wealth funds, and various financial institutions, to participate in bond repurchase transactions [4][5]. - The new rules aim to align China's bond repurchase practices with international standards, facilitating clearer rights and obligations in transactions [7][8]. Group 2: Market Impact - The introduction of bond repurchase transactions is expected to enhance the attractiveness of RMB-denominated bonds and strengthen Hong Kong's status as an international financial center [5][11]. - The bond repurchase mechanism will provide foreign investors with a more flexible and efficient liquidity management tool, thereby expanding the depth and breadth of the Chinese bond market [8][11]. - The People's Bank of China has emphasized the importance of balancing openness and security in the financial market, which is crucial for the high-level opening of the bond market [9][12]. Group 3: Future Developments - The announcement is part of a broader initiative to enhance cross-border investment and financing convenience, including expanding the swap market and increasing the daily trading limit for net transactions [12][13]. - The People's Bank of China is also working to make Chinese bonds widely accepted as eligible collateral in global markets, further integrating the RMB into international finance [13].

Core Points - The Fairholme Focused Income Fund announced a dividend distribution of $0.06 per share for shareholders of record as of September 25, 2025 [1] - The Fund's Net Asset Value (NAV) was reduced by the amount of the distribution [1] Distribution Details - Distribution Type: Ordinary Income - Record Date: September 25, 2025 - Ex-Dividend Date: September 26, 2025 - Payable Date: September 26, 2025 - Cents-Per-Share: $0.06 [1]

Key Points A group of major banks in England has launched a program to investigate tokenizing assets. The move comes after the Governor of the Bank of England questioned the usefulness of stablecoins, given that tokenization is an option. 10 stocks we like better than Circle Internet Group › Shares of Circle Internet Group (NYSE: CRCL) fell this week, finishing down 11.9%. The drop comes as the S&P 500 fell 0.3% and the Nasdaq-100 fell 0.5%. Banks in the U.K. have launched a pilot initiative to de ...

Core Insights - James Turk emphasizes the essential connection between liberty and honest money, which he argues can only be provided by gold [3] - The current national currencies and banking systems are based on outdated concepts that are detrimental to economic progress [3] - Turk asserts that nature supplies everything humanity requires for advancement, including money, positioning gold as the natural form of currency [3] Company Overview - James Turk is the Founder and Lead Director of Goldmoney, Inc, which operates on the Toronto Stock Exchange under the ticker XAU [5] - Turk has extensive experience in international banking and finance, having started his career at The Chase Manhattan Bank and later managing the Commodity Department of the Abu Dhabi Investment Authority [5] - He established Greenfield Associates in 1985 to provide investment research and trading advice, primarily to investment managers and hedge funds [5] Publications and Contributions - Turk authored "The Freemarket Gold & Money Report" from 1987 to 2008, contributing articles to various financial publications and appearing on media platforms to discuss gold and the monetary system [6] - He launched goldmoney.com in February 2001, creating a platform for buying and selling precious metals online and facilitating their use as a digital currency [7] - Turk has written several books, including "The Coming Collapse of the Dollar and How to Profit From It," focusing on investment strategies in gold and hard assets [8][9]

Group 1: Awards and Recognitions - The seventh edition of the Changemaker Awards highlighted themes of education, social welfare, and empowerment of marginalized sections, aligning with the ethos of Viksit Bharat and indigenous production [2] - The Changemaker of the Year award was presented to the Defence Research and Development Organisation (DRDO) for its significant contributions [2][9] - The award for social transformation was awarded to Impulse NGO Network for its anti-trafficking efforts and rehabilitation of vulnerable women and children [3] - The digital transformation award went to Bhashini, which processes 20 million translation requests daily using artificial intelligence [3] - Araku Valley Coffee received the financial transformation award, with its managing director dedicating the award to the workers and farmers involved [4] - The Young Changemaker award was given to Kalyani Shinde for her innovative onion storage solution that monitors microclimate conditions [6] - eVidyaloka won the Chairperson's award for bridging the education divide through digital classrooms and a large volunteer base [7] - The Azim Premji Foundation received the Iconic Changemaker of the Year award for its extensive work in education and healthcare across India [8] Group 2: Event Details and Partnerships - The event was presented by SASTRA Deemed University and co-powered by State Bank of India, with various associate partners including LIC, Bank of Baroda, and others [11] - The evening concluded with reminiscences from Union Minister Hardeep Singh Puri regarding his diplomatic experiences and association with former President APJ Abdul Kalam [10]

Core Viewpoint - Despite the recent "Liberation Day" tariffs announced by President Trump, foreign investors have maintained a strong allocation to US equities, with over 30% of their US financial assets in stocks, significantly above the long-term average of 19% [2][3]. Group 1: Investor Behavior - From the start of the year to the end of June, foreign investors allocated more than 30% of their US financial assets to equities, nearing record highs [2]. - The absence of a major shift in allocation is attributed to the market's rebound from April lows, where tariff news has not significantly impacted stocks [3]. - International equities have outperformed US stocks by as much as 17%, although this gap has narrowed to about 10% [6]. Group 2: Economic Context - The US effective tariff rate is now closer to 9%, which is roughly half of the theoretical rate of 18%, indicating that various factors have mitigated the impact of higher tariffs [3]. - Falling interest rates and renewed optimism about US growth have contributed to stabilizing investor confidence [4]. - The expectations for the US market were extremely high at the beginning of the year, while international markets had low expectations, making them more sensitive to news [5]. Group 3: Market Dynamics - Stocks sold off in April following the announcement of higher-than-expected tariffs, leading to a simultaneous decline in Treasurys and the dollar, which are typically seen as safe havens [6]. - The initial panic from the tariff news faded as companies managed the impact better than anticipated [3]. - The recent rhetoric from President Trump against the Federal Reserve has raised concerns about the Fed's independence, adding to the uncertainty surrounding the US economy [5].

Key Points HSBC has successfully used an IBM quantum chip to make better guesses at bond prices. Bond price predictions were 34% more accurate using IBM quantum chips than using ordinary computers. HSBC says "we are on the cusp of a new frontier of computing in financial services." 10 stocks we like better than International Business Machines › International Business Machines (NYSE: IBM) stock jumped 1.6% through 10:30 a.m. ET Friday after Morgan Stanley analyst Erik Woodring called it the "clear ...

Core Viewpoint - Investors are focusing on U.S. jobs data, as any signs of weakness could lead to expectations of interest-rate cuts in the near future [1] Group 1 - The U.S. jobs data is a critical indicator for investors [1] - Weakness in jobs data may trigger a series of interest-rate cuts [1]

Core Viewpoint - Argentina's recent engagement with the United States presents a significant opportunity to overcome its history of debt defaults and financial instability, contingent on the outcome of the upcoming nationwide elections in October [1]. Group 1: U.S. Support and Market Reaction - Argentine assets experienced a surge following U.S. Treasury Secretary Scott Bessent's statement indicating that "all options" were available to stabilize the country and support President Javier Milei [2]. - The U.S. intervention helped reverse a market decline caused by Milei's party's poor performance in the provincial elections, raising concerns about potential setbacks to his reform agenda [3]. - This unprecedented support from the U.S. is viewed as a crucial factor in addressing Argentina's financial challenges, although the sustainability of this support is tied to the election results [4]. Group 2: Economic Measures and Investor Sentiment - Bessent announced a support package that includes a $20 billion swap line, U.S. purchases of Argentina's dollar-denominated bonds, and standby credit from the Exchange Stabilization Fund [6]. - The clarity of terms and conditions remains uncertain, but the strong U.S. signal is seen as a vital factor in navigating a challenging economic period [7]. - Historical context shows that Argentina has previously disappointed investors, as seen in 2017 when optimism surrounding reforms led to significant investments, only for the country to default again by 2020 [8].

Sylvia, I know that as an asset manager who runs an ETF tracking some of these types of stocks, you have been very privy to what's been happening price action-wise over the last few weeks. The same thing happened almost a year ago. What exactly is the primary driver of a a lot of the optimism that we've been seeing over the last couple of weeks.>> Yes, it's it's true. And and I think that we're seeing these bounces in quantum stocks as the investing public starts to see these real world use cases come to li ...