September 24, 2021
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Intervention Currency

Evergrande’s China default fears haunt investors as Beijing retreats, so far

by on September 21, 2021 0

Fears 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...

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UN chief warns US and China against “new cold war” and calls bilateral ties “dysfunctional”

by on September 20, 2021 0

United 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...

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Appreciation, not guillotine for Emefiele

by on September 20, 2021 0

PERSPECTIVE 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...

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Yemen: government and Transition Council unite to crack down on protesters

by on September 19, 2021 0

Monday, 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...

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Rupee stable against dollar next week

by on September 19, 2021 0

KARACHI: 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....

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Russia, China and EU push for de-dollarization: will India follow suit?

by on September 18, 2021 0

In 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...

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