When Citi made the decision to close its public finance division, Archana Chandrasekhar took a unique path. While most of her colleagues quickly found new roles in the municipal market, she chose to step back and reevaluate her career trajectory. After spending 14 years at Citi specializing in higher education, healthcare, and social infrastructure projects,
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Dubai’s real estate sector seems to be on an unstoppable upward trajectory, with sales figures and property values soaring to unprecedented levels in 2024. Local real estate firms are reporting record-breaking numbers, fueled by a surging demand for property, particularly in the luxury segment. As the United Arab Emirates cements its position as the world’s
JPMorgan Chase, one of the largest U.S. banks, experienced a significant drop in its stock price by 5% after the bank’s president, Daniel Pinto, expressed concerns about the overly optimistic expectations for net interest income (NII) and expenses in 2025. Pinto stated that the current estimate of $90 billion for NII next year is unrealistic
Citi has expressed a perspective that forecasts a potential weakening of the US dollar in the short term. Despite maintaining a bullish stance on the currency for the next one to two months, the brokerage firm believes that the current market conditions do not support a broad strengthening of the dollar. This outlook suggests that
MicroStrategy CEO Michael Saylor has never been one to shy away from making bold predictions about the price of Bitcoin. In a recent interview with CNBC, Saylor stated that he believes Bitcoin is ultimately destined for a valuation of at least $13 million. This prediction, while not the first of its kind from Saylor, still
UBS, a leading financial firm, has recently recommended investors to sell any potential short-term gains in the US dollar. This advice comes amidst a more bearish stance on the currency for the medium term. UBS foresees a potential corrective rebound in September, especially if the Federal Reserve’s cautious approach to implementing rate cuts aligns with
The recent price movement of Dogecoin has shown signs of recovery, with the price slowly approaching $0.10. This steady increase is seen as a positive development for the meme-based cryptocurrency, as it breaks through the resistance levels around $0.09. The market dynamics have also shifted slightly in Dogecoin’s favor, with increased social media activity and
Bitcoin saw a rise in its price on Tuesday, signaling a rebound after experiencing steep losses the previous week. Bargain buyers entered the cryptocurrency markets, taking advantage of the lower prices. Despite this, the rebound was limited due to the anticipation of key U.S. inflation data expected later in the week. Additionally, sustained capital outflows
The recent movements of Asian currencies have been relatively stagnant, with minimal fluctuations observed. This stability comes amidst increasing anticipation of crucial inflation data that could significantly influence the future of U.S. interest rates. The global economic conditions have been a cause for concern, resulting in a decline in risk appetite and subsequent losses in
The emergence of Credit Coop, a new private credit platform, is a significant development in the Web3 ecosystem, as it aims to support the growth of cryptonative businesses by offering innovative financing solutions. Traditional financing models have long been inadequate for the unique needs of companies operating in the Web3 space, with over-collateralization requirements and