UK unsecured loan defaults hit highest level since financial crisis, signaling mounting pressure on household finances

Central bankers at Sintra forum find ally in new Fed chief, signaling potential alignment on global monetary policy direction

In Sintra, world central bankers find an ally in the new Federal Reserve chief.

US dollar's share of global FX reserves drops to lowest level this century, continuing a multi-year decline in dollar's role as the dominant reserve currency.

The US dollar's share of global foreign exchange reserves has fallen to its lowest level this century.

Bangladesh remittances hit record 35.56 bln USD in FY 2025-26, surging 17.3% as expatriates sent home 2.81 bln in June alone, Bangladesh Bank data shows.

Bangladesh remittances surged to a record 35.56 billion USD in fiscal year 2025-26, up 17.3 percent from the prior year, according to provisional Bangladesh Bank data released on Wednesday. Expatriates sent home 2.81 billion dollars in June alone, with inflows mainly from the UAE, Saudi Arabia and Kuwait.

South Korea to open FX market 24/7 from July 6, launching offshore won trading system to make currency fully convertible, ViceHuh Chang says in Seoul

South Korea will open its foreign exchange market 24 hours a day starting July 6 and plans to launch an offshore Korean won trading system in the first half of next year to transform the won into a fully convertible currency, Vice Minister of Finance and Economy Huh Chang announced at a briefing with foreign correspondents in Seoul.