Euro, EUR/USD, US Dollar, GBP/USD, FED, White House, AUD, CNY – Talking Points US dollar gains as Treasury yields soar on inflation-fighting Fed APAC stocks fell as risk appetite dried up after a day of hope All eyes are on central banks for advice or intervention Trade smarter – Sign up for the DailyFX...
Read MoreAs the US Federal Reserve and other major central banks embark on aggressive interest rate hikes to fight inflation, Japan is now the only country in the world still to have negative rates. He paid the price for that position on Thursday, after the Swiss National Bank raised rates into positive territory. The Bank...
Read MoreThe Bank of Japan is widely expected to hold ultra-low rates at the end of its regular two-day meeting from Wednesday, reinforcing that it will remain the laggard among major central banks in the shift to monetary tightening, even at the expense of a weaker yen. After the yen fell to a 24-year low...
Read MorePassengers of international flights arrive at Haneda Airport in Tokyo on September 7, 2022. (Kyodo) TOKYO (Kyodo) — Japanese policymakers expect a further reopening of Japan’s borders to overseas visitors to breathe new life into inbound tourism that had been hit by COVID-19 travel restrictions. The hope...
Read MoreJapanese Yen, USD/JPY News and Analysis Intervention on the foreign exchange market or continued “jawboning” by Japanese officials? Japan posts record trade deficit – soaring energy costs coupled with weaker yen FX Intervention or Continued “Jawboning” by Japanese Officials? In yesterday’s Japanese yen report, strategist Nick Cawley pointed to a heightened sense of urgency...
Read MoreBangladesh Bank said on Thursday that it would allow the market, i.e. demand and supply, to fix the exchange rate of the US dollar against the local taka. Earlier in May, the central bank had taken the same decision but then turned away from it to artificially maintain the strength of the local currency...
Read MoreBreadcrumb Links PMN Company Equities in Asia rose on Tuesday with U.S. equity futures amid a falling dollar, a break from the austere sentiment prevailing in markets as central banks tighten monetary policy. Author of the article: Bloomberg News Sunil Jagtiani Publication date : Sep 05, 2022 • 38 minutes ago • 3 minute...
Read MoreA Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital ruble transactions processed through its mobile app. The state-owned Promsvyazbank was one of the institutions placed under Western sanctions earlier this year in connection with Moscow’s actions in Ukraine. Russian bank experiments with digital ruble transfers via...
Read MoreThe National Bureau of Statistics (NBS) a fortnight ago released a stunning report that Nigeria’s inflation rate hit 19.64% in July, the highest since September 2005. That’s quite worrying as this requires the urgent intervention of the country’s economic managers, including the Central Bank of Nigeria (CBN) and the National Economic Council (NEC), to...
Read MoreLet’s face it: investing money in stocks can be daunting – and investing money in cryptocurrencies, especially now, can be even scarier. But that doesn’t mean people shouldn’t try to educate themselves about potential opportunities. In fact, when asset prices are under pressure, as they have generally been in 2022, it might actually be...
Read MoreManufacturers have faced tougher issues in recent years as they try to keep up with growing demand, changing consumer trends and operating expenses. Businesses and consumers are currently struggling to keep up with high prices for everyday items and raw materials as inflation continues to rise. The situation is dire for everyone and there...
Read MoreDespite the public nature of bitcoin, it has always been presented as a private means of carrying out financial transactions without the intervention of a third party. However, with the increasing sophistication of authorities’ techniques and tools for tracing cryptocurrency payments, it has become clear that although transactions on the blockchain are only linked...
Read MoreThe Bank of Jamaica (BOJ) on Thursday announced its eighth consecutive increase in the policy rate it pays on deposits deposited by deposit-taking institutions (DTIs) at the central bank, thereby raising lending rates for borrowers from the institutions. financial. The 50 basis point increase to 6.0%, effective August 19, is the fifth rate increase...
Read MoreThis photo shows the White House and a stop sign in Washington DC. The mission of the United States and its allies in the systematic approach to containing China is now more evident than ever. The establishment of a maritime blockade against China in the South China Sea and the creation of a...
Read MoreThe Sunday Mail business journalist The economy has largely stabilised, particularly since late last month, following aggressive government action to curb market indiscipline, and market watchers are confident that the latest intervention to introduce more small denominations of gold coins will likely anchor local currency and price stability. The Reserve Bank of Zimbabwe (RBZ)...
Read MoreThe United States Supreme Court has rejected a request by cryptocurrency exchange Coinbase to intervene in a pair of lawsuits. As Bloomberg reported on Thursday, Aug. 11, Coinbase had asked the court to stay the cases while the company tries to settle the lawsuits out of court. Read more: Coinbase in Supreme Court: Stop...
Read MoreThis content is authored by Mr. Praveen Paulose, MD and CEO of Celusion Technologies Micro-entrepreneurs often face cash flow problems when starting and running their business. A myriad of factors could lead to cash flow issues, including mismanagement of expenses to drive expansion without adequate funding. However, in response to these hurdles, digital lending...
Read MoreAug 5 (Reuters) – Vladimir Putin and Tayyip Erdogan are meeting on Friday for the second time in just over two weeks, after Turkey helped broker a deal to resume Ukraine’s Black Sea grain exports, blocked by the Russian invasion. Supporters of President Erdogan say the deal, which could curb soaring global food prices,...
Read MoreUSD/TRY resumes its bullish course and approaches 18.00. Renewed buyer interest in the dollar lifts the pair. Investors’ attention turns to the July CPI release on Wednesday. The Turkish lira resumes its depreciation and rises USD/TRY to new 2022 highs closer to the 6:00 p.m. hurdle on Tuesday. USD/TRY is now watching CPI results...
Read MoreComment this story Comment As the US economy collapsed during the 2008 global financial crisis, one euro was worth about 1.6 times the US dollar. Today, a combination of Europe’s frontline exposure to Russia’s war in Ukraine and the European Central Bank’s slowness to raise interest rates has brought it to parity, or a...
Read MoreECONOMYNEXT- Fitch Ratings said it was maintaining a negative watch on Sri Lanka’s DFCC bank amid a currency crisis that has triggered dollar shortages and sovereign default as bad debts surge. The Rating Watch Negative “reflects the potential for the bank’s creditworthiness to deteriorate relative to other entities on our Sri Lankan national rating...
Read MoreAt the end of the 19th century, Mumbai’s encounter with the industrial revolution led to the emergence of a kind of habitat unsuitable for man because it lacked civic services such as water and drainage and called “slum”. This followed a somewhat similar trajectory to England’s industrial centers like Liverpool and Manchester. It was...
Read MoreIndian stocks were flat on Thursday, buoyed by private lender IndusInd Bank after its quarterly earnings rose, while tech stocks slid on weak results from IT services company Wipro. Shares of IndusInd Bank gained 4.8% after posting a strong quarterly profit. Wipro fell 2% after its June quarter profit fell about 21%. “With a...
Read MoreMohit Nigam, Manager – PMS, Hem Securitiessays the smart money seems to be heading towards the FMCG and automotive sectors. In an interview with ETMarkets, Nigam said, “India’s automotive sector is poised to rebound as demand and supply issues appear to be easing. businesses are likely to see a recovery in demand.” Edited excerpts:...
Read MoreOn Tuesday, Croatia cleared the final hurdle to achieving its long-held ambition to become the single currency’s 20th member – a move central bank chief Boris Vujčić said would bring “more security” and “ would increase the standard of living of our citizens”. But while Zagreb wants in, the currency markets want out. The...
Read MoreHere is what is happening and affecting South Africa today: Disorders: Business Unity South Africa has warned the country is set to see a repeat of its July 2021 unrest as it continues to face political unrest, high unemployment rates and growing concern over the inability of forces order to bring about meaningful arrests...
Read MoreRegulation of the decentralized finance industry is a hot topic today. It seems that some regions are more open on this front than others. Nevertheless, Europe and, by extension, the European Union, have made notable progress, setting an example for other nations to follow. Early Crypto Regulation in Europe The European Union is on...
Read MoreArgentina’s global bonds have fallen the most since they were issued nearly two years ago after the country appointed leftist politician Silvina Batakis as its new economy minister. Dollar sovereign bonds fell as much as four cents on the dollar, with some notes dipping below 20 cents on the dollar at noon in Buenos...
Read MoreInvestors reeling from the sharp selloff in emerging markets over the past six months fled the rupiah again as India’s currency hit new lows, prompting the government to cut gold imports and oil exports to stop a growing deficit. The government has raised import taxes on gold, while increasing levies on gasoline and diesel...
Read MoreNigeria’s interbank liquidity fell further to 38 billion naira on Tuesday from 445.0 billion naira on Friday last week due to a lack of major market inflows, financial market broker reports said. Consequently, the Open Repo (OPR) rose 0.25% to close at 14.00% on Tuesday versus the last close of 13.75% on Monday. However,...
Read MorePlaceholder while loading article actions There aren’t many silver linings in the cryptocurrency crash. People lost money, often those who could least afford it. But a welcome victim is the army of laser-eyed social media “influencers,” toxic promoters in what must surely rank as one of the most egregious product placement manias in financial...
Read MoreJune 26 (THEWILL) – The World Bank has requested an adjustment to the Investors & Exporters (I&E) window exchange rate in Nigeria, saying the rise in the price of oil has presented the Central Bank of Nigeria (CBN) to take a exam . According to the World Bank, it is necessary to adjust the...
Read MorePlaceholder while loading article actions Currency wars erupt from time to time, usually during times of economic turmoil. They typically involve countries seeking to gain a competitive export advantage by depressing their currency. What is less common is a so-called reverse currency war. But it is possible that one of them is brewing, either...
Read MoreBy Srishti Narain The idea that the score should be studied from the point of view of the people who lived through it, as opposed to the official macro accounts, is not something new; it has been commonplace since the shift to oral history in the 1990s. Therefore, reading young academics who claim to...
Read MoreText size The Japanese yen has fallen sharply against the US dollar this year, which could create another destabilizing force for the global economy. Behrouz Mehri/AFP via Getty Images Investors looking for trouble spots as the Federal Reserve raises interest rates by 0.75 percentage points – the biggest rise since 1994 – may want...
Read MoreA man wearing a protective mask walks past the Bank of Japan headquarters amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan May 22, 2020. REUTERS/Kim Kyung-Hoon/File Photo Join now for FREE unlimited access to Reuters.com Register TOKYO, June 14 (Reuters) – Japan’s selection of a new central bank governor is set to intensify...
Read MoreThe US Treasury Department on Friday kept Japan on a list of countries it monitors for potentially unfair currency practices, while noting that foreign exchange intervention should only take place in “very exceptional” cases so even as the yen continues its rapid depreciation against the US dollar. In a biannual report to Congress on...
Read MorePlaceholder while loading article actions I bought an apartment last year and if I bought today I couldn’t afford it. The increase in mortgage rates would mean $1,000 more per month than what I am currently paying. This may be the only time in my life that I have (inadvertently) timed the cheap. Now...
Read MoreWe mourn and decry this senseless violence. The carnage must stop. It is time that the country’s media and political leaders also pay close and constant attention to the daily reality behind these stories. We must not limit the conversation about gun violence to mass shootings and AR-15s. On June 1, a 19-year-old man...
Read MoreThe Central Bank of Nigeria recently announced an increase in the interest rate, from 11.5% to 13%, a hike of 1.5 percentage points which took effect immediately. Whenever the Central Bank changes the monetary policy rate, also known as the discount rate or interest rate, depository financial institutions and others follow suit. Banks will...
Read MoreColumnists Boosting exports to stabilize the shilling Friday 03 June 2022 An Empire Kenya tea worker packing for auction and export in this photo taken August 5, 2020. PHOTO | LABAN WALLOGA | NMG The statement by Kenya Association of Manufacturers (KAM) President Mucai Kunyiha was terse. He accused manufacturers seeking to import intermediate...
Read MoreWith increased vigilance and coordinated actions between Bangladesh Bank, non-resident Bangladeshis and relevant ministries, we can bring some common sense and balance to the foreign exchange market. For all the latest news, follow the Daily Star’s Google News channel. Despite many tensions, the Bangladeshi taka remains one of the strong currencies in the region....
Read MoreCBN The Central Bank of Nigeria injected $3.36 billion into the foreign exchange market in two months as part of efforts to ensure the stability of the naira. Figures obtained from the CBN’s January monthly report on “foreign exchange market developments” showed that $1.71 billion and $1.65 billion were injected in December 2021 and...
Read Morethe herald business journalist The government says the pension fund industry should direct more resources from the inflows it receives to investments that deepen the financial sector, such as venture capital, asset finance/leasing as well as investment bank. Zimbabwe’s pension industry, which has assets worth over $300 billion, is known to mobilize significant amounts...
Read MoreMost of us are a little fuzzy as to what our central bank actually does. He speaks only occasionally, and in the opaque tongue of a Delphic oracle. But we all know it’s powerful, essential to our financial system, and has a reputation for absolute integrity. Strangely, in most countries they are a 20th...
Read MoreMUFG Research discusses the outlook for the CHF and sees a possibility for further near-term gains. “The best performing G10 currency so far this week has been the Swiss Franc. next day. However, the main trigger for the reversal of recent Swiss Franc weakness was yesterday’s comments from SNB Chairman Jordan, who signaled that...
Read MoreThe Bank of Japan must continue its current monetary stimulus to generate long-term gains in prices, corporate profits, employment and wages. This was revealed to Reuters by Deputy Governor Masayoshi Amamiya, who dismissed rumors of an early withdrawal from the dovish settings. Although inflation in Japan is considerably lower than levels seen in the...
Read Morethe dollar rose 25 cents this Thursday, May 12 and traded at $116.50 to buy now $122.50 for sale on the screens of the Bank of the Argentine Nation (BNA). Accumulate a raise of 75 cents in the week. For his part, the blue dollar deposit $1.50 and trade at $200.50 to buy now...
Read MoreIt is no news to anyone that Treasury organizations tend to be conservative. Some stress the importance of innovation, but even these are very cautious about making big changes that could impact business cash flow. And yet, every treasury team on the planet faces a prospective change in one of the most fundamental aspects...
Read MoreSection 9 of the CBN Act makes it very clear that the CBN Governor simply cannot choose to run for elective office while retaining office. In any case, he must first obtain the approval of the CBN Board of Directors, which is not the case here. He could of course choose to resign to...
Read MoreThursday, May 5, 2022: The exchange rate between the naira and the US dollar closed at 419 naira/$1 at the Investors and Exporters (I&E) counter, where currencies are officially traded. The official counter exchange rate weakened against the US dollar on Thursday to close at N419/$1 from the N418/$1 recorded at the close of...
Read MoreNew York, U.S., May 3, 2022 (GLOBE NEWSWIRE) — Plasma Therapy Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Plasma therapy market By Type, Source, Application, End User and Region – Forecast to 2030the market is expected to reach USD 895.45 million by 2030 at a CAGR of 13.8%....
Read MoreThe dollar/yen slipped from a 20-year high on Friday but still posted a sharp loss for the month as the Japanese currency was hurt by the Bank of Japan’s dovish policy. The greenback gave up some of its gains on Friday as investors took profits, but still ended the month strong. At 20:03 GMT,...
Read MoreAn inspector examines a batch of $100 bills to identify counterfeits, if any, at Hana Bank headquarters in Seoul on Thursday. (Yonhap) SEJONG — Deputy Prime Minister and Finance Minister Hong Nam-ki on Thursday sent the signal that the financial authority would intervene in the foreign exchange market as the Korean currency recently lost...
Read MoreIMF Chief Economist Gita Gopinath speaks in her office in Washington, U.S., April 11, 2019. REUTERS/James Lawler Duggan Join now for FREE unlimited access to Reuters.com Register WASHINGTON, April 26 (Reuters) – If China wants its yuan to become a globally used currency, Beijing should have open capital markets and full currency convertibility, the...
Read MoreThe governor of the Central Bank of Mexico announced before the Mexican Senate that a deployment of the CBDC is planned by 2025. Victoria Rodriguez, the central bank governor, said the new sovereign digital currency would bring more citizens into the formal banking sector. “Digital currency aims to generate means of payment aimed at...
Read MoreIn Africa’s largest economy, chronic shortages of dollars have put pressure on the naira as rising cases of oil theft, coupled with low participation of foreign investors, weaken the liquidity of foreign-denominated currencies. in the Nigerian currency market. The pursuit of dollars is also compounded by the fact that foreign investors cannot repatriate their...
Read Moremarsmeena29/iStock via Getty Images Following the market narrative around gold has been a foolish game. On the one hand, there are the narratives that gold is inversely related to real interest rates and since the latter are expected to rise, gold is therefore a poor and risky market. investment. There are also stories such...
Read MoreSoaring US yields continue to dominate FX, with CPI data crucial for near-term guidance The evolution of US bond yields will remain a key factor for currency markets. The surge in yields continued on Monday, boosting the dollar and also hurting stocks. The near-term focus will be on US inflation data and it is...
Read MoreINo. 2013 Y The Lebanese businessman sent an email to Ndambi Guebuza, the son of Armando Guebuza, who was then president of Mozambique. He promised that a charter flight would soon leave France for Maputo, the Mozambican capital, carrying an unusual cargo: 7,427 bottles of wine. What did the email mean? When the public...
Read MoreU.S. dollars. — Photo: AFP ISLAMABAD: In order to avert balance of payments (BoP) crisis, Pakistan has drawn up alternative plans to bridge the gaping dollar financing gap to avoid plunging into a full-blown crisis until the stalled IMF program is reinstated. Pakistan needs an influx of dollars on an immediate basis to restore...
Read MoreNEW YORK (AP) — Amazon workers in Staten Island, New York, voted Friday to unionize, marking the first successful U.S. organizing effort in the retail giant’s history. Warehouse workers cast 2,654 union votes, giving Amazon’s fledgling union enough support to secure a victory. According to the National Labor Relations Board, which oversees the process,...
Read MoreOn Monday March 21, the lawyers of Domenico “Mimmo” Lucano, former mayor of the small Italian town of Riace, filed a final appeal against his conviction handed down last October. The date of the verdict remains uncertain, but if the appeal fails, Lucano faces thirteen years behind bars. The disappearance of the local politician...
Read MoreSafe havens benefit in times of uncertainty, such as today, with geopolitical tensions, US sanctions on Russian oil, soaring prices everywhere, central banks turning hawkish and stripping vital support from the economy, while that some circles are pushing for a world war. As a result, gold surged above $2,000 at the start of the...
Read MoreRussian President Vladimir Putin meets Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan in 2018. — Consortium News Arab regimes in the Gulf and other developing countries will adapt to a new world of changing power. This is no longer the world the United States shaped after the Cold War, writes As’ad Abu...
Read MoreA King County Subway Services worker found an unresponsive man on a Seattle bus after a driver’s shift ended. He was pronounced dead after doctors were called. The 30-year-old victim had been on the bus for hours before being noticed, although it is unclear whether the man died during or after the end of...
Read MoreThe rupee is under pressure: it fell 3.5% against the dollar in 2022 and hit all-time lows. The reason is twofold: first, the Russian-Ukrainian war, and second, the expected rise in US interest rates. Mint examines the state of the rupee. What is currency depreciation? When the value of a currency against other currencies...
Read MoreBy NEIL HARTNELL Editor-in-chief of the Tribune [email protected] The Governor of the Central Bank forecast yesterday that investments by Bahamians in foreign capital markets and real estate this year could increase by 25% compared to the pre-COVID period and reach $100 million. However, John Rolle told a webinar hosted by the Chartered Financial Analyst...
Read MoreA few weeks ago, a throwback to the Soviet era of a command economy, in which a central government owns and runs most businesses, would have seemed bizarre. But now? Maybe not so much. In response to Russia’s invasion of Ukraine, the United States and its European allies imposed sweeping sanctions on the Russian...
Read MoreThe UN has estimated more than 100 civilian casualties in Ukraine since the Russian invasion, including children, while 400,000 have fled the fighting, as the human rights commissioner says the world was at a “tipping point”. “The military attack on Ukraine puts countless lives at risk,” said Michelle Bachelet, High Commissioner for Human Rights,...
Read MoreA trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 18, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register NEW YORK/LONDON, Feb 26 (Reuters) – Investors braced for bigger swings in asset prices on Saturday after Western countries announced a series of...
Read MoreMissiles hit Ukrainian towns on Thursday and Ukraine reported columns of troops crossing its borders from Russia and Belarus and landing on its Black Sea and Sea of Azov coasts. Russia’s objective remained unclear but the capital Kyiv was clearly a primary target, with President Vladimir Putin saying he intended to “fight for the...
Read MoreUS President Joe Biden is likely to move an executive order to regulate cryptocurrency this week, according to media reports. According to a memorandum from the U.S. National Security Council (NSC) memorandum, government agencies, including the departments of Treasury, State, Justice, and Homeland Security, will be asked to assess risks and...
Read MoreUkrainian President Volodymyr Zelensky, left, and German Chancellor Olaf Scholz, in Munich on Saturday.Credit…Alexandra Beier/Getty Images MUNICH — In an appeal that is sometimes bitterly critical of the West, Ukrainian President Volodymyr Zelensky on Saturday urged his allies to start imposing sanctions on Russia rather than waiting for an invasion, and he took aim...
Read MoreGoDaddy is offering a way to streamline payments for small businesses, both in e-commerce and in person, with QR codes for on-the-go transactions, a press release announced Tuesday, February 15. The release says the service would be ideal for small businesses, such as farmer’s market vendors who don’t want to invest in a point-of-sale...
Read MoreADVERTISING: MC SYSTEMS In 2021, business was characterized by a continuous overhaul of ways of working, as the world transformed to embrace life with COVID-19. This shift has catalyzed digital transformation across all verticals as leaders rely more on virtual space to maintain profitability while protecting work teams and contributing to the stability of...
Read MoreEradicating the issues plaguing the lives of women in mining requires not just words and policies, but concerted corporate action and intervention from the highest to the lowest, writes Minerals Council SA President Nolitha Fakude. The scourges of gender-based violence and femicide (GBVF), sexism, racism and bullying in the South African mining sector and...
Read More‘Incompetent’ Sturgeon not ready for Indyref2, warns ex-SNP MP NICOLA Sturgeon is hopelessly ‘ill-prepared’ for an independence referendum and should not even try to hold one next year, a former SNP deputy leader has claimed. Jim Sillars said “illusion” dominated the SNP-Green administration and its shortcomings had left the Yes movement without the materials...
Read MoreRBI Monetary Policy Live Updates: The Reserve Bank of India (RBI) on Thursday kept the benchmark repo interest rate unchanged at 4% while deciding to maintain its dovish stance amid high inflation. This is the tenth consecutive time that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained the status...
Read MoreFormer President of Ghana, John Dramani Mahama Former President John Dramani Mahama reiterated his call on the government for an urgent and constructive dialogue among stakeholders to craft a robust set of policy responses to the economic challenges facing the nation before the economy reaches the point of no return. According to Mr. Mahama,...
Read MoreBitcoin is a better option than fiat currency, Mexico’s third-richest man, Ricardo Salinas, said in an interview. Bitcoin, Salinas said, is elusive and can be transferred instantly around the world, unlike fiat and the gold standard. “The gold standard has always been subject to government intervention,” Salinas said. “And fiat allows you to finance...
Read More(MENAFN-Caribbean News Global) By Gita Gopinath The continued global recovery faces multiple challenges as the pandemic enters its third year. The rapid spread of the Omicron variant led to further mobility restrictions in many countries and increased labor shortages. Supply disruptions are still weighing on activity and contributing to higher inflation, adding to pressures...
Read MoreKYIV, Ukraine – Before 1721, present-day Russia was called the Muscovite Kingdom. After the inclusion of a number of lands of ancient Kyivan Rus (a medieval political federation) into the Muscovite Kingdom, Russian King Peter I changed the name of the Muscovite Kingdom to the Russian Empire. Since then, the name Russia, in various...
Read MoreAs the first cryptocurrency, Bitcoin is the most preferred investment choice for many people who are looking for an asset that will never be devalued. Due to its high volatility, new investors might consider it a risky investment. This robust digital currency offers users more freedom to exchange it without any intervention from financial...
Read MoreAccording to economists at Wells Fargo and Rabobank, strong US demand for goods and continued transportation and logistics challenges will lead to persistent supply chain challenges throughout the year. Speaking at the National Fisheries Institute’s 2022 Global Seafood Market Conference, Wells Fargo Chief Economist Tim Quinlan said strong U.S. retail sales, driven by rising...
Read MoreINTERNET CITY, DUBAI, January 11, 2022 – LBank Exchange, a global digital asset trading platform, will list RIZON (ATOLO) on January 24, 2022. For all LBank Exchange users, the ATOLO/USDT trading pair will be officially available for trading at 8:00 p.m. (UTC+8) on January 24, 2022. Aiming to become the financial center for digital...
Read MoreKHARTOUM: Sudanese doctors demonstrated on Sunday against violent attacks by security forces targeting medical personnel at pro-democracy rallies following last year’s military coup.“During each demonstration, they fire tear gas inside the hospital where I work,” said a doctor, Houda Ahmad, during the rally in Khartoum.“They even attack us inside the intensive care unit,” she...
Read MoreTalks between the United States, its European allies and Russia ended in an impasse this week, with no current plans to meet again over Russia’s deployment of tens of thousands of troops along the border. Ukrainian. A cyberattack on Ukraine has further inflamed tensions. A spokesperson for the White House National Security Council said...
Read MoreOffice Laboratories market research report by modality (hybrid labs, multi-specialty labs and single specialty labs), by department (cardiac, endovascular and interventional radiology procedures), by specialist, by region (Americas, Asia- Pacific and Europe, Middle East and Africa) – Global forecasts to 2027 – Cumulative impact of COVID-19 New York, January 12, 2022 (GLOBE NEWSWIRE) –...
Read MoreThe resurgence of the pandemic and the faster tightening of the US Federal Reserve pose risks to the global recovery and emerging economies should brace themselves for episodes of economic turmoil, according to the International Monetary Fund. In addition to the endemic variant of Omicron, pressures from the supply side and the Fed’s decision...
Read MoreThe European Parliament commemorates the 20th anniversary of the euro. Credit / Wikimedia Commons It has been twenty years since Greece joined the euro zone, an anniversary that has been overshadowed by the spread of the omicron COVID-19 variant. 20 years ago this month, Prime Minister Costas Simitis went to an ATM and removed...
Read MoreOne month away from the 2022-2023 Union budget, the noise around the inclusion of India’s sovereign bonds in global bond indices is intensifying. India is among the last of the major emerging markets (EM) to be included in global bond indices. With the second highest stock of government securities in circulation totaling $ 2.3...
Read MoreFrom crypto ban to BDC ban, these are the most popular and unpopular CBN policies of 2021 – Nairametrics No result See all results
Read MoreThe centrality of the Saudi fixed-parity currency regime From time to time, the Saudi fixed parity comes under speculative pressure to loosen the riyal from its peg in US dollars. This has happened during periods of low oil price volatility and sharp reductions in the Kingdom’s foreign exchange reserves, such as the 2008-2009 global...
Read MoreA bureau de change counts Turkish lira banknotes at a bureau de change in Ankara, Turkey on November 11, 2021. REUTERS / Cagla Gurdogan Register now for FREE and unlimited access to Reuters.com Register ISTANBUL, December 23 (Reuters) – The Turkish lira rallied again on Thursday and was on track for its best week...
Read MoreIstanbul’s stock market was twice forced to halt trading and the Turkish lira continued to decline on Friday as concerns grew that recent interest rate cuts could spur an inflationary spiral. . Turkey’s benchmark Borsa Istanbul 100 fell 8.5% on Friday on its worst day since March, tripping two circuit breakers that halted trading....
Read MoreShort summary The majority of callers for Radio Ergo’s public comment this week (December 7-15, 2021) were concerned about the worsening impact of the ongoing drought across the country. Many pastoralists spoke of migrating to other areas in vain in search of water and pasture for their livestock, or resources depleted by the arrival...
Read MoreZURICH, December 13 (Reuters) – Demand deposits at the Swiss National Bank rose to their highest amount in seven months last week, indicating that policymakers are taking decisive first steps to tackle a surge in the value of the franc against its main rivals, in particular the euro. Total sight deposits, which includes other...
Read MoreEmerging Markets The tools of monetary policy can be classified into interest rate policy, reserve policy, lending operations, asset purchase programs and foreign exchange intervention. The central objective of central bank monetary policy in emerging markets is to ease financial conditions to allow credit to reach struggling firms, rather than boost aggregate demand. Without...
Read MoreThe US government on Friday announced financial sanctions and other restrictions against 15 people and 10 entities in China, Myanmar, North Korea and Bangladesh to coincide with International Human Rights Day. The actions announced by the Treasury Department also included investment restrictions on a Chinese company linked to the government’s mass surveillance operations in...
Read MoreWednesday 8 December 2021:The exchange rate between the naira and the US dollar closed at 415.07 N / $ 1 at the official window of investors and exporters (I&E). The naira held steady against the US dollar on Wednesday to close at N 415.07 / $ 1. This is the same rate as that...
Read MoreMonday, December 6, 2021:The exchange rate between the naira and the US dollar closed at 415 N / $ 1 at the official Investor and Exporter (I&E) window. The naira depreciated against the US dollar on Monday to close at N / $ 415, a decrease of 0.07% from the N / $ 414.73...
Read MorePUBLISHED December 05, 2021 KARACHI: ‘Freedom‘ and ‘Freedom‘ are the two keywords of 20th century, after decolonistation started globally especially for the gGlobal South (the Non-industrialized “nation-states”). In the current global scenario triggered by awareness of Covid-19 from February 2020, the world has changed quickly and dramatically. Actions taken independently before To VSovid-19, both...
Read MoreLONDON, December 3 (Reuters) – If the broader financial volatility is finally unblocked, the most fortunate assets could wake up from their slumber. For most of the 20 months since the pandemic, financial assets have been bolstered by waves of government and central bank interventions designed to protect workers and businesses as authorities halt...
Read MoreTotal currency in circulation in Nigeria reached a record high of 2.97 trillion naira in October 2021, data from the central bank’s monetary and credit statistics show. Currency in circulation is the total amount of physical cash represented in paper or coins used to conduct transactions in Nigeria. It also represents the money that...
Read MoreSuppose you and I enter into a private contract in which I sell you a digital version of MF Husain’s famous Mother India board and you pay me 100 Ethereums (cryptocurrency). In a free society, as consenting adults, we can enter into any agreement to transact in private property. What should a digital version...
Read MoreIn September 2021, El Salvador became the first state in the world to recognize Bitcoin as legal tender. The oldest and most well-known cryptocurrency still has a long way to go. It was in fact born out of a strong distrust of the state and of surveillance. It is therefore only too fair that...
Read MoreIn the regional and municipal elections held in Venezuela on November 21, President Nicolas Maduro’s socialist coalition won 20 of 23 governor positions and around 200 of 335 mayor positions. The opposition won three governorships, including that of the oil-rich state of Zulia. In the municipal elections, the opposition won around 100 mayoral positions....
Read MoreWith around 8 million tonnes of plastic released into the environment each year, plastic pollution; due to the fact that it is non-degradable, is able to affect lands, rivers and oceans, consequently causing the death of sea and land creatures, causing danger to the soil, emitting toxic gases when it is exposed or heated...
Read MoreNEW DELHI: With the exponential growth of digital transactions, people now prefer the convenience of button-click payments, a report from the State Bank of India (SBI) showed. Consumers have now switched to better technology platforms like United Payment Interface (UPI) that do not require the intervention of a POS machine. Digital transactions saw a...
Read MoreMOSCOW: The Russian ruble rebounded on Wednesday, gaining more than 1% against the dollar the same day after rising geopolitical concerns, including the strengthening of the Russian military near Ukraine which caused the currency to fall on Tuesday. At 12:36 GMT, the ruble was 1% stronger against the dollar at 72.39, moving away from...
Read MoreThe Central Bank injected $ 1.012 billion into the foreign exchange market between January and October 2021, Finance Minister Colm Imbert said on Wednesday. In addition, the government, through the Exim Bank, provided access to an additional $ 524 million, which “led to a total intervention of $ 1.536 billion in the foreign exchange...
Read MoreMaharashtra Minister Nawab Malik on Wednesday accused Devendra Fadnavis of sponsoring a bogus currency racket and protecting people with underworld ties during his tenure as chief minister. He brought new charges against the former chief minister a day after Fadnavis alleged that Malik and members of his family made land deals with people associated...
Read MoreIn addition, the livelihoods of several million Indonesians depend – directly or indirectly – on industries or sectors considered to have a negative influence on the Earth’s environment or climate (such as energy , transport and agriculture). A key question is whether a meaningful transition to a greener economy can occur without jeopardizing the...
Read MoreThe Afghan Taliban government on Tuesday announced a ban on the use of foreign currency, threatening to further disrupt an already struggling economy. Since the Islamist group took power in mid-August, the Afghan national currency has depreciated and the country’s reserves have been frozen abroad. With a faltering economy, banks are strapped for liquidity...
Read MoreAnalysis and news EUR / CHF, EUR / GBP SNB increases currency activity as EUR / CHF approaches the line in the sand EUR / GBP rally persists, despite easing tensions between UK and France EUR / CHF: The cross is currently trading at its lowest level since May 2020 after breaking firmly below...
Read MoreSaudi Arabia has banned imports from Lebanon and expelled its ambassador in retaliation for criticism of its military intervention in Yemen by Beirut’s new information minister. The move is a blow to the country, which is in the second year of a severe economic crisis that has pushed more than half of the population...
Read MoreDemand for semiconductors is significantly higher than the production capacity of France’s largest electronic chip company, which on Thursday raised its annual revenue target after recording an improvement in its quarterly gross margins. The group, which sells chips to Apple and Tesla, forecasts annual revenue of around $ 12.6 billion on Thursday, $ 100...
Read MoreThe education allocation in the 2022 draft budget shows President Muhammadu Buhari has taken small steps towards fulfilling his pledge to increase education spending by 50% between 2022 and 2023. But despite the increase from last year’s figures, the proposal, measured as a percentage of the total spending plan, falls short of the United...
Read MoreVijay C Roy & Seema Sachdeva The scale of it is a revelation – India now has 15 local cryptocurrency exchange platforms that allow trading and selling, with over 1.5 crore of users. At 10.07 crore, India also has the highest number of crypto owners in the world, according to broker discovery and comparison...
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