Banks are dropping transfer fees. Here’s why it took so long.
MANILA, Philippines – The P10 or P15 transfer fee for moving money between banks is finally disappearing, but why is it only happening now?
· lkyu0285
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Newest first · UTC+11:00Judge approves Anthropic’s $1.5B settlement of authors’ AI copyright lawsuit — first major case to settle
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· Reuters
Candy giant Mars Wrigley signals massive layoffs as it relocates from NJ to Chicago
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· Fox Business
UN concerned about Houthi Red Sea naval blockade threats
The United Nations said that it is concerned about Houthi threats to impose a "maritime embargo" on Saudi Arabia, which could potentially trigger a fresh surge in crude oil prices, disrupt fuel supplies and have further ramifications on the global economy.
· Middleeasteye
Game giant Nexon's shares drop despite success of ARC Raiders
ARC Raiders was released in the autumn of 2025. (Nexon)
· Staff Writer
US Justice Department investigating whether Harvard aid programmes are discriminatory
The DoJ said it had opened a review to determine whether Harvard’s China-based financial aid programmes exclude American-citizen students
· Reuters
US Justice Department investigating whether Harvard aid programmes are discriminatory
The DoJ said it had opened a review to determine whether Harvard’s China-based financial aid programmes exclude American-citizen students
· Reuters
Gustavo Petro urges support for Colombia's social and economic reforms
President Gustavo Petro addresses supporters, flanked by Vice President Francia Marquez, left, and Sen. Maria Jose Pizarro, right, after a military parade marking Colombia’s Independence Day in Bogota, Colombia, Monday, July 20, 2026. (AP Photo/Fernando Vergara)
· Astrid Su Rez
UKMTO says tanker reports being struck in Strait of Hormuz
UK Maritime Trade Operations (UKMTO) said on Monday that it received multiple reports that a tanker has been struck by an unknown projectile in the Strait of Hormuz.
· Middleeasteye
Live: ASX to follow Wall Street lower, oil prices higher after Houthis threaten Saudi blockade
Topic:Financial Markets
· David Chau
‘Baked bean cans’: Emirates boss to reject Boeing planes
Boeing has been dealt a fresh blow after Emirates said it would refuse to take delivery of 10 aircraft, claiming that the much-delayed jets would be better off being turned into baked bean tins.
· Christopher Jasper
Brazil widens lead in China’s soybean market as US shipments fall despite Trump-Xi deal
China’s Brazilian soybean imports up 13.7 per cent in June compared to a year earlier; US figures fell 20.6 per cent over the same period
· Igor Patrick
Brazil widens lead in China’s soybean market as US shipments fall despite Trump-Xi deal
China’s Brazilian soybean imports up 13.7 per cent in June compared to a year earlier; US figures fell 20.6 per cent over the same period
· Igor Patrick
(EDITORIAL from Korea JoongAng Daily on July 21)
Kospi volatility rattles global markets, but more stimulus is not the answer--As wild swings shake Korea's stock market, pressure is growing on the government to curb speculation instead of fueling another rally--
· Park Sang-soo
‘Payback’: why China’s world-beating car industry faces plunging sales at home
Chinese car brands have suffered a steep drop in domestic sales this year, with Beijing scaling back subsidies and buyers reluctant to spend
· Emma Ma
China’s car industry is on a tear overseas. So why are sales at home plunging?
Chinese car brands have suffered a steep drop in domestic sales this year, with Beijing scaling back subsidies and buyers reluctant to spend
· Emma Ma
NASA Warns Scientists Understating Worst-Case Solar-Storm Scenario
As if the growing risk of a global economic disaster springing from the US-Israeli war on Iran weren't enough to worry about, researchers at NASA's Goddard Space Flight Center are warning that miscalculations and false assumptions may have resulted in an enormous underestimation of the worst-case effects of a solar …
· Tyler Durden
The New Market Structure, Liquidity Dynamics, & Fragilizers: An Unprecedented Situation With Serious Implications
Authored by Alexis Maubourguet, CIO, and Clément Mary-Dauphin, CEO of Adapt Investment Managers,
· Tyler Durden
Heiress’ San Francisco mansion where Obama, Elvis Costello partied hits market — for a staggering price
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· Annie Gaus
Watch: 'My flat was turned into a brothel,' landlord tells BBC Panorama
A BBC Panorama investigation has uncovered how organised crime gangs are exploiting the UK's private rental market - targeting properties to take over and use for their operations.
World Cup hands US economy $20B boost — with host cities like Kansas City, Philly cashing in big, BofA says
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· James Franey
Show me the money! How top five health funds spend your premiums
Don't pay so you can read it. Pay so everyone can!
· Claudia Weisenberger
Trump imposing 50% tariffs on certain Canadian goods over alleged trade discrimination
The U.S. is imposing additional 50% tariffs on a range of Canadian goods in response to alleged trade discrimination against multiple U.S. products and industries, senior Trump administration officials said Monday.
· Kevin Breuninger
Firewood side hustle sparks multi-million-dollar business in four states
Tue 21 Jul 2026 at 6:59am
· Brooke Chandler
Kalshi helped set up 2024 FBI raid of arch-rival Polymarket CEO’s apartment: report
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· Marc Vartabedian
Trump family refiles Capital One debanking lawsuit, claiming politics played role
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· Taylor Herzlich
Japanese self-driving truck venture T2 raises $30m
T2 seeks to commercialize Level 4 long-haul autonomous truck driving as early as fiscal 2027. (T2)
· Staff Writer
Miami’s surging cost of living has surpassed NYC’s for the first time ever: US data
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· Ariel Zilber
Honda holds on to hope for China business with GAC tie-up extension
Honda and GAC extended their partnership by 10 years, rather than agreeing to another 30-year term. (Photo by Shizuka Tanabe)
· SHIZUKA TANABE
Dodgers acquire reliever Seth Halvorsen from the Rockies for two minor league players
Colorado Rockies relief pitcher Seth Halvorsen throws in the sixth inning of a baseball game against the Miami Marlins Tuesday, June 30, 2026, in Denver. (AP Photo/Geneva Heffernan)
· Pat Graham
How major US stock indexes fared Monday 7/20/2026
Wall Street drifted through a quiet day of trading as AI stocks trimmed some of their sharp recent losses.
· The Associated Press
Dodgers acquire Seth Halvorsen from Rockies for two former early draft picks
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· Jack Harris
Iran-backed Houthis declare blockade of Red Sea oil route, threatening new front war
Dubai/Riyadh: Yemen’s Iran-aligned Houthis said they would impose a naval blockade on Saudi Arabia, opening a potential new front against the US in its war with Iran and raising the threat to global energy supplies and trade beyond the Gulf.
· Nayera Abdallah, Eman Abouhassira, Timour Azhari
US judge pauses Paramount-Warner Bros deal over 'serious questions' | The National
A federal judge has temporarily paused Paramount's Gulf-backed $110 billion takeover of Warner Bros, saying it is “likely” to violate America's anti-trust laws aimed at preventing monopolies.
· Bloomberg
Andy Burnham vows to ‘bring back hope’ as he unveils his cabinet
New prime minister says government must ‘do better’ to deliver change but promises prudent approach to economy
· Pippacrerar
Saudi oil loadings drop by 36% as Houthi threats disrupt Bab Al Mandeb passage | The National
Crude loadings through the Bab Al Mandeb strait plunged 36 per cent in two weeks, Kpler data shows, as Yemen’s Houthis revive shipping threats after imposing a maritime embargo against Saudi Arabia.
· Jennifer Gnana
Federal Prosecutors Probe Guggenheim, Billionaire Dem Donor Walter's Insurers
Federal investigators are taking a closer look at billionaire Mark Walter's financial empire, with criminal and regulatory inquiries now spanning Guggenheim Partners and two life insurance companies under his control, according to Bloomberg.
· Tyler Durden
Diokno cites AMLC reports to reject 'fishing expedition' claim
MANILA, Philippines — House prosecutor Chel Diokno on Monday cited Anti-Money Laundering Council (AMLC) reports showing billions of pesos in transactions linked to Vice President Sara Duterte's accounts to argue that the prosecution's request for her financial records is not a "fishing expedition" before the Senate …
· James Daniel Danio
EU pauses methane penalties amid energy crisis, US pressure
The European Union has recommended the suspension of penalties for oil and gas companies that breach its methane emissions standards, following pressure from the United States and other countries.
· Al Jazeera
ASX set to slide, Wall Street steadies; Judge pauses $157b Paramount-Warner Bros deal
Wall Street is holding steadier, as stocks of chipmakers and other winners of the artificial-intelligence boom trim some of their recent losses.
· Stan Choe
AI is reshaping the economy, but good luck measuring how
Pretty much everyone agrees that artificial intelligence has the potential to reshape the economy in the coming decades. But no one is sure what effect the technology is having right now.
· Ben Casselman
A dated business class on one of the few 747 jumbo jets still flying
I flew into Frankfurt Airport from Portugal with my boarding pass ready for part two of three flights home to Australia. We board, then wait. Our departure delay is caused by a minor engineering issue, which requires documentation. “We used old-school pen and paper,” the captain’s voiceover explains with a chuckle. …
· Jennifer Johnston
The premier, the developer and the string of defective Sydney buildings
For Aland, one of Sydney’s largest private development and construction companies, the opening of The Archibald Precinct – a $375 million mixed-use venture on the Central Coast – was a public relations dream.
· Max Maddison
Burger King launches new Whopper rule that picky eaters will love
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· Ben Cost
Gabon: Opposition leader’s lawyers request France’s intervention [Africanews Today]
Brice Clotaire Oligui Nguema is in France. The three-day state visit by the Gabonese president will focus on economic, cultural and military issues. The lawyers of Gabonese opposition figure Bilie-By-Nze, who has been detained since April, are calling on France to put pressure on the Gabonese head of state.
· AfricaNews
Kalshi promo code NYPMAX: Trade $10, get $15 for LeBron James next team markets
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· Malik Smith
China's high-rise pig farming leads to pork glut, falling prices
Pork prices have declined for 13 straight months in China. (Photo by Tomoki Mera)
· Staff Writer