FinNotes

10 matches across 1 sections

Market news & articles

Companies & Earnings · a day ago

UK regulator investigates Ryanair family seating fee on child bookings

Britain’s Competition and Markets Authority has opened an investigation into whether Ryanair’s mandatory family seat charge, usually about GBP8 each way, may breach consumer law. The review covers whether the fee effectively charges parents for seating linked to child-safety and disability obligations and how the charge is presented during booking.

Central Banks & Policy · a day ago

Ethiopia Sets Record 2.34 Trillion Birr Budget, With Deficit Seen at 1.4% of GDP

Ethiopia approved a draft federal budget of 2.34 trillion birr for the next fiscal year, about 21% higher than the previous year, with spending directed to regular and capital outlays and transfers to regional governments. Authorities expect a budget deficit of 1.4% of GDP, while debt restructuring talks, including with Eurobond holders, continue.

Economy · 2 days ago

Macron to host Thursday video talks with G7, China and IMF on global economic imbalances

French President Emmanuel Macron is set to chair a Thursday video conference on global economic imbalances involving G7 members, China and the International Monetary Fund. Other countries invited to the G7 summit, including Brazil, South Korea, India, Kenya and Egypt, are also expected to take part.

Finance & Banking · 2 days ago

ECB temporarily restricted Revolut from launching new EEA products and ordered external review

The European Central Bank halted new product launches by Revolut’s European arm across the European Economic Area last summer, according to notifications made in July 2025. The bank also required an independent review and asked Revolut’s board to examine how future launches could affect capital, liquidity and internal approvals.

Central Banks & Policy · 3 days ago

RBI launches 1.5% dollar-rupee swap window for PSU ECBs, banks’ overseas borrowings and FCNR-B deposits

The Reserve Bank of India introduced a US dollar-rupee forex swap facility on June 8, letting eligible banks swap dollars at the FBIL reference rate and reverse at 1.5% per year, up to five years. It applies to PSU external commercial borrowings, banks’ overseas foreign currency borrowings, and certain FCNR-B deposits raised within specified windows.

Markets · 3 days ago

South Korea Plans On-Site Reviews of FX Trades, Citing NDF-Linked Won Volatility

South Korean authorities said they are preparing inspections targeting foreign-exchange transactions they view as disruptive, including activity in non-deliverable forwards that officials say has recently added to won volatility. The government plans to start with document-based checks and escalate to on-site inspections if irregularities are identified, with enforcement actions to follow.

Central Banks & Policy · 3 days ago

Bank Indonesia lifts benchmark rate to 5.50% in unscheduled move to support rupiah

Bank Indonesia raised its benchmark BI Rate by 25 basis points to 5.50% at an off-cycle meeting, citing a larger-than-expected rupiah decline since the last policy decision. The central bank said the move aimed to stabilize the exchange rate amid global volatility, attract foreign capital inflows, and help keep inflation within its target range.

Central Banks & Policy · 3 days ago

Federal judge voids Trump administration’s $100,000 fee for new H-1B visas

A U.S. District Court judge in Massachusetts vacated a $100,000 fee for new H-1B visa petitions set by a September 2025 proclamation. The ruling said the payment functioned as a tax without congressional authorization and cannot be enforced. The court granted summary judgment in a lawsuit brought by New York’s attorney general and other states.

Geopolitics & Trade · 3 days ago

Pentagon updates China military-linked firms list, reinstating Alibaba, Baidu and BYD

The U.S. Defense Department on Monday published an updated list of companies it identifies as Chinese military companies, including Alibaba, Baidu and BYD. The update replaces an earlier list from early 2025. Placement on the list can restrict access to U.S. defense contracts and related procurement activities.

Central Banks & Policy · 3 days ago

Bank Indonesia delivers surprise 25-bp rate hike to 5.50% as rupiah hits record lows

Bank Indonesia raised its benchmark rate by 25 basis points to 5.50% in an unexpected off-cycle move after the rupiah weakened more than anticipated and hit 18,190 per U.S. dollar. The central bank set the deposit facility at 4.50% and the lending facility at 6.25%, and announced measures aimed at supporting the currency and foreign inflows.