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Jiko, a San Francisco-headquartered technology platform and bank, has announced the launch of JikoNet, its settlement network that is designed to facilitate real-time transactions while minimising counterparty and liquidity risks.
The Bank of Korea (BOK) cited weakening consumer sentiment and external pressures, including trade uncertainty and global monetary trends, as key factors in its decision. Analysts widely expected the move, which brings the policy rate to its lowest level since mid-2022.
Sullivan & Worcester has advised the European Bank for Reconstruction and Development (EBRD) on two supply chain finance (SCF) initiatives in Türkiye and Romania, to provide financial support for regional economic recovery.
The US Trade Representative (USTR) has unveiled a proposal to impose steep fees on Chinese-built and operated vessels calling at American ports, marking the latest escalation in trade tensions between Washington and Beijing.