Summary: “What goes down must go up, wheel that turns.” Just another day for you and me in the forex markets as risk turned to risk. The Chinese government injected a total of CNY 120 billion ($ 18.6 billion) in short-term liquidity into the banking system to allay concerns about an Evergrande group debt...
Read MoreLONDON, Sept. 23 (Reuters) – Norway has become the first major developed economy to raise interest rates as growth rebounds following a pandemic that has triggered an extraordinary stimulus across the world. As the economic recovery takes hold and inflationary pressures intensify, some central banks are convinced that the time has come to step...
Read MoreIn this article, the author explains that the new chairman of the Securities and Exchange Commission should be a friend of the cryptocurrency world. In April 2021, the US Senate confirmed Gary Gensler, President Biden’s nominee, as the new chairman of the Securities and Exchange Commission (“SEC”). The former banker was an ardent regulator...
Read MoreFears of default continued to haunt the China Evergrande group on Tuesday despite its chairman’s efforts to boost confidence in the struggling company, as markets sought Beijing’s possible intervention to stem any domino effect on the global economy. . Analysts downplayed the threat of Evergrande’s problems becoming the country’s “Lehman moment”, although concerns over...
Read MoreUnited Nations (UN) Secretary-General Antonio Guterres has warned of a potential new cold war between the United States and China. He also pleaded with two of the world’s superpowers to mend their “completely dysfunctional” relationship. In an interview with The Associated Press ahead of this week’s annual UN meeting of world leaders, the UN...
Read MorePERSPECTIVE Louis achi For a nascent dollar-denominated, consumer-driven and almost exclusively oil-financed economy as well as a poorly understood role of central banks around the world, resorting to the attack on the sincere intentions of the governor of the Central Bank of Nigeria (CBN) seems a fair game logic. But a more rigorous and...
Read MoreMonday, September 20, 2021, 5:19 amPress release: Euro Med Monitor Geneva – Yemeni security forces and Southern Transitional Council (CTS) forces killed two people and injured a number of protesters during popular protests in towns in southern Yemen, said the Euro-Mediterranean Observatory of human rights in a statement expressing its deep concern. Yemeni government...
Read MoreKARACHI: The rupee is expected to trade within the existing range next week amid a match between dollar supply and demand, while the central bank’s monetary position will also be taken into account, analysts said. The rupee has seen some very volatile movements this week and hit an all-time low of 169.12 on Wednesday....
Read MoreIn the Brundtland Report, the United Nations defined sustainable development as development that meets current demands without compromising the ability of future generations to meet theirs. It is based on the assumption that resources are finite and must be used sparingly and wisely to ensure that there are enough for future generations without lowering...
Read More– TRY struggles after a scorching week for risky currencies – But remains the undisputed world champion of yield– Said to be an attractive “carry trade” for the brave – As all eyes turn to September’s CBRT rate decision Image © Adobe Images GBP / TRY reference rate at publication: Place: 11.87 Bank transfers...
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