the 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...
Read MoreManagement’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) should be read in conjunction with the condensed consolidated financial statements included in Section 1. Financial Statements included herein. EXECUTIVE OVERVIEW Organization We are one of the world's largest providers of products and services to the energy industry. We help our customers...
Read MoreBreadcrumb Links PMN company Author of the article: Content of the article SHANGHAI – As the Chinese yuan climbs rapidly to its six-year highs against the currencies of the country’s trading partners, the noticeable lack of concern and intervention by authorities is confusing investors. Beijing has so far not intervened directly or verbally in...
Read MoreThe U.S. Securities and Exchange Commission (SEC) lawsuit against blockchain company Ripple Labs for selling unregistered securities is approaching a year while showing no signs of a settlement soon. Even as the SEC tries to delay deadlines set earlier by the court, Ripple is making similar efforts to close the case as quickly as...
Read MoreSheriffdeen Tella Posted October 18, 2021 Global debt issues will remain at the forefront of economic discussions as long as there are lenders and borrowers as individuals or as nations. Private debtors committed suicide when it became evident that it would be impossible to repay the debt; some fled and changed identities while others...
Read MoreBackground Digital currencies have become one of the most lucrative and profitable asset classes with a relatively greater return on investment than other financial asset classes. If you are planning to enter the crypto market and join the crypto community for trading or investing purposes, the very first thing to consider is your intentions,...
Read MoreReserve Bank of India (RBI) Deputy Governor T Rabi Sankar said on Thursday that market players, especially banks, will need to prepare to manage changes in business processes and the global risks associated with convertibility of capital. “India has come a long way to achieve increasing levels of convertibility in the capital account,” Sankar...
Read MoreLONDON (Reuters) – Disputes over US debt ceiling and the euro’s growing dominance of bond issues linked to environmental or sustainability goals could start to undermine the status of T-bills as a reserve asset ultimate, enabling Europe to increase its share. FILE PHOTO: Euro, Hong Kong dollars, US dollars, Japanese yen, British pounds and...
Read MoreThe Chronicle Patrick Chitumba, Head of the Midlands BureauThe GOVERNMENT is concerned that the rising prices of goods and services are eroding the salaries of civil servants due to the use of black market exchange rates by companies. To date, the government has raised civil servants’ salaries twice, representing a combined increase of 75...
Read More“Kya aapke portfolio mein crypto hai?” If you’ve read such ad lines recently – and now watch cryptic ads while surfing IPL 2021, YouTube, and various social media platforms – be sure to save your hard-earned cash for a while. Indian cryptocurrency players are bombarding people with advertisements across all platforms – doubling their...
Read MoreAfter the dissolution of the Soviet Union, Belarus was the rare ex-Soviet state to remain strategically aligned with the Russian Federation. In 1999, Russia and Belarus reached an agreement to become a “State of Union”, which aimed to create a USSR-like federation with a similar government, currency, flag and army. Over the past two...
Read MoreEconomists recommend additional support for MSMEs New Delhi, October 7 (KNN) According to key economists who worked on the FICCI Economic Outlook Survey, they felt that continued support remains particularly critical for MSMEs and the informal sector. Changing MSME classification standards for NPAs, reducing cash margins, changing personal collateral requirements will go a long...
Read MoreAs the country commemorates a new year of independence, members of the organized private sector of the Nigerian economy have urged the federal government to address lingering macroeconomic issues to ensure that the private sector, especially manufacturers, contribute in a meaningful way. significant to the economy. According to PAHO, the quality of the business...
Read MoreBy Paul Vieira OTTAWA – Canada’s official international reserves declined by $ 269 million in September, the federal Department of Finance said on Tuesday. As of September 29, foreign exchange reserves and other monetary assets stood at $ 106.27 billion, down from $ 106.54 billion a month earlier. The government did not report any...
Read MoreIt’s not the end of the world as we know it. In fact, it’s déjà vu, or it would have been if you had been careful in story class. Our nation has been repeatedly divided by politics, economics, and public health, and it seems like a tall order to become a nation again under...
Read MoreSanctions are real, but we punish ourselves too By Nathan Gurira No matter how well-intentioned and determined the Reserve Bank of Zimbabwe (RBZ) is to eradicate widespread delinquency in the economy, the effort may count for nothing if other institutions that should be seized to tackle the vice, in all its forms, are inflaming...
Read MoreFitch Ratings has confirmed First City Monument Bank’s (FCMB) Long-Term Issuer Default (IDR) rating at ‘B- with a stable outlook. This is indicated in the report published Thursday by Fitch Ratings on its website. According to the rating commentary, the national long-term rating has been upgraded from “BBB + (nga)” to “BBB (nga)” in...
Read MoreThe dollar official was exchanged this Friday, October 1 at 98 $ for the purchase and $ 104 on sale on the screens of the Bank of Nation Argentina (BNA), unchanged from the previous day. For its part, blue dollar runs at $ 183 upon purchase and $ 186 for sale in the city...
Read MoreDydx, a decentralized exchange, has seen its trading volumes explode in recent days, overtaking other recognized decentralized exchanges like Uniswap and Pancakeswap. Some analysts have suggested that this could be the result of the latest Chinese cryptocurrency ban that caused users based in China to move their trading activities to these platforms. Dydx bursts...
Read MoreIn a series of recent interviews and speeches, the chairman of the United States Securities and Exchange Commission, Gary Gensler, has called the cryptocurrency market “Wild West” due to its unregulated and supposedly crowded atmosphere. fraud, predicting that the pieces were doomed. Lights up … is a monthly opinion column by Marc Powers, who...
Read MoreSource: Harish Jonnalagadda / Windows Central At the Code 2021 conference in Beverly Hills, California, many big tech players showed up to give their thoughts on a variety of topics. One of those people was AMD CEO Lisa Su, who gave everyone a general estimate of when the big chip shortage is finally going...
Read MoreA recently published paper, authored by an nChain researcher, looks at a new monetary policy tool activated by a retail central bank digital currency (CBDC): sector-specific cash payments on private consumption spending . The paper examines how electronic cashback and different cashback rates can improve the economic toolkit as a way for central banks...
Read MoreThe Biden administration will review stricter regulations for stable coins, writes the Wall Street Journal (WSJ). Stablecoins are a form of digital currency that tries to combine the stability of national currencies with the ability to trade quickly online. Stablecoins are backed by safe assets like Treasuries and should theoretically be quite tightly tied...
Read MoreBy Chris Trotter * It is no small feat when a former prime minister speaks in public during a time of national crisis. At such times, the words of past leaders, spoken in favor of current leaders, can have a powerful unifying effect. Indeed, rare are the gestures capable of generating such positive results....
Read MoreKARACHI: The rupee is expected to trade within a range next week, as the measures taken by the central bank are adequate to stop a further decline in the exchange rate, analysts say. The local currency traded within narrow ranges during the outgoing week. It finished at 168.72 per dollar on the interbank market...
Read MoreISLAMABAD: The government is considering various options to increase regulatory duties (RD) on the import of dozens of luxury items such as the import of automobiles, cosmetics, master baths, varnish, stationery, various textile products, sweeteners, non-essential foods. , and others. The government decided to go ahead with fiscal measures to reduce the growing current...
Read MoreThis is the news item “Honeywell to train 15,000 students in three years” (September 24). Ashish Gaikward, President Honeywell India’s proposal to train talented students in appropriate fields and technologies, is a welcome step. This idea has the potential to become a giant leap in the Nation Building task. Such initiatives by companies must...
Read MoreSummary: “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...
Read MoreSep 18, 2021 DUBAI AND ISTANBUL IIT WAS A surprising choice for a summer vacation. On August 18, Tahnoon bin Zayed, the UAE’s national security adviser (United Arab Emirates), traveled to Ankara to meet Recep Tayyip Erdogan, President of Turkey. Countries have disagreed for years over Mr. Erdogan’s support for Islamist groups in the...
Read MoreA timely scientific intervention by a group of engineering students in Bangalore has been chosen as the winner of the Chhatra Vishwakarma Awards nationwide after their innovation has helped Kirana’s traders and customers prevent the spread of Covid-19. The team of budding innovators from the CMR Institute of Technology (CMRIT) in Bengaluru had presented...
Read MoreAs a small island nation, the export economy has always been important to the sustainability and growth of the Irish economy. We are known as a country of innovation with ambitious entrepreneurs and a flexible approach to business, making Irish companies a popular choice around the world. While the US and UK markets remain...
Read MoreWall Street dipped slightly overnight, with markets swinging between worries about the U.S. recovery after a pessimistic Fed Beige Book and waning nerves after New York Fed Chairman Williams said the reduction could occur sooner rather than later. William’s comments were backed up by a monster 10.924 million JOLTS Jobs Openings post suggesting that...
Read MoreMarket players today Today we have some market movers in the afternoon. First, we get jobless claims in the United States, where we’ll likely see a further drop below 350,000. In Denmark we get foreign exchange reserves from August and we expect an increase, but not due to intervention (see more below). The 60-second...
Read MoreAs the last desperate evacuees scramble aboard planes in Kabul, as suicide bombers threaten to kill even more blameless people, a vast tide of refugees floods the border with Pakistan and the rest of the population huddles , trapped and frightened by the resurgence of the Taliban, all of those in the West who...
Read MoreWith the help of automated cryptocurrency mining technology, anyone can become a miner. Despite the so-called volatility of the cryptocurrency market, digital currency adoption is growing like never before. 2021 has seen a large number of new crypto investors come out of obscurity and add value to the digital currency market. While most of...
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