September 28, 2022
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Intervention Currency

Japan posts worst trade deficit in a month, FX intervention issues

by on September 15, 2022 0

Japanese 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...

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Sanctioned Russian Bank Tests In-App Operations With Digital Rubles CryptoBlog

by on September 3, 2022 0

A 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...

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Stop hyper inflation

by on August 28, 2022 0

The 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...

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Do you have $5,000? Buy this crypto now

by on August 26, 2022 0

Let’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...

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Rising Inflation, Energy Costs and Shrinking Manufacturers’ Margins | The Guardian Nigeria News

by on August 24, 2022 0

Manufacturers 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...

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What is Bitcoin Transaction Mixing? How does it work and is it legal?

by on August 21, 2022 0

Despite 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...

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Seeking to establish a new order

by on August 16, 2022 0

This 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...

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Zimdollar Makes Commendable Gains | The Sunday Mail

by on August 14, 2022 0

The 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)...

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Supreme Court rejects Coinbase’s claim

by on August 11, 2022 0

The 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...

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How Digital Lending Platforms Help Small Businesses Manage Their Cash Flow Challenge?

by on August 8, 2022 0

This 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...

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Inflation in Sri Lanka exceeds 60% in July 2022 after banknotes are printed

by on July 29, 2022 0

ECONOMYNEXT- 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...

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The history of Mumbai and its slums

by on July 24, 2022 0

At 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...

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sensex today: LIVE Stock Updates: Sensex swings between gains and losses; Clever above 16,500; Wipro down 2%, IndusInd up 3% after Q1 results; ITC at a new high

by on July 21, 2022 0

Indian 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...

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The fall of the euro towards parity with the dollar reflects a greater blow from the war in Ukraine

by on July 13, 2022 0

On 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...

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India, the world’s sixth-largest economy, is feeling the heat of an exodus of investors from emerging markets, Auto News, ET Auto

by on July 3, 2022 0

Investors 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...

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Lights out for Crypto’s laser-eyed crooks

by on June 28, 2022 0

Placeholder 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...

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Boosting exports to stabilize the shilling

by on June 2, 2022 0

Columnists 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...

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The exchange rate between the dollar and the taka will stabilize after the realignment

by on May 29, 2022 0

With 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....

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Investing to deepen financial markets, pension funds challenged

by on May 24, 2022 0

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...

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China needs open capital markets for yuan to become global currency, says IMF’s Gopinath

by on April 26, 2022 0

IMF 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...

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A Sober Look at Gold (NYSEARCA:GLD)

by on April 18, 2022 0

marsmeena29/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...

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March hiring continues, markets rise

by on April 1, 2022 0

NEW 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,...

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Middle East and War in Ukraine

by on March 19, 2022 0

Russian 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...

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Ukraine War News Feb 28: Russian forces shell Kharkiv, Ukraine clings to major cities, talks end without ceasefire

by on February 28, 2022 0

The 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,...

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Ukraine-Russia Crisis: Live Updates – The New York Times

by on February 20, 2022 0

Ukrainian 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...

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GoDaddy app offers mobile QR code payments

by on February 18, 2022 0

GoDaddy 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...

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ADVERTORIAL: MC Systems Harnesses the Best Technologies for Business in 2022 | Business

by on February 16, 2022 0

ADVERTISING: 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...

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NOTICE | Mining, like other industries in South Africa, is tackling gender-based violence

by on February 14, 2022 0

Eradicating 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...

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‘Incompetent’ Sturgeon not ready for Indyref2, warns ex-SNP MP

by on February 12, 2022 0

‘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...

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Inflation projections compared to international crude oil prices, says Shaktikanta Das

by on February 10, 2022 0

RBI 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...

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Mexican billionaire says bitcoin is a better option than fiat money

by on February 3, 2022 0

Bitcoin 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...

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A disrupted global recovery | MENAFN.COM

by on February 2, 2022 0

(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...

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Why Do Crypto Investors Prefer Buying Bitcoin Over Other Digital Currencies? — Hometown Station | KHTS FM 98.1 & AM 1220 — Santa Clarita Radio

by on January 27, 2022 0

As 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...

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Wells Fargo and Rabobank Economists Forecast Continuing Supply Chain Problems

by on January 24, 2022 0

According 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...

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Coalition in Yemen kills over 280 Houthis in airstrikes on Marib and Al-Bayda

by on January 16, 2022 0

KHARTOUM: 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...

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Office Laboratories Market Research Report by Modality, Service, Specialist, Region – Global Forecast to 2027

by on January 12, 2022 0

Office 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) –...

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Emerging economies “must prepare for Fed tightening and threats to global recovery”

by on January 10, 2022 0

The 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...

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January 2002: Greece enters the euro zone

by on January 5, 2022 0

The 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...

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The buzz surrounding the inclusion of Indian bonds in global indices is increasing; the net impact may be limited

by on January 3, 2022 0

One 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...

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Monetary policy can help economic recovery | Business

by on December 12, 2021 0

Emerging 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...

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US sanctions hit China, Myanmar and others over human rights

by on December 10, 2021 0

The 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...

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What does liberate mean?

by on December 5, 2021 0

PUBLISHED 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...

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Column: Unwanted bond jolt marks streak in strangely peaceful year: Mike Dolan

by on December 3, 2021 0

LONDON, 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...

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Nigerian currency in circulation hits a record high of 2.97 trillion naira for October 2021 – Nairametrics

by on December 1, 2021 0

Total 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...

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Fadnavis sponsored a fake currency racket, underworld protected links: Nawab Malik | Latest India News

by on November 10, 2021 0

Maharashtra 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...

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Latest Indonesia Investment Report Released – Introduction October 2021

by on November 8, 2021 0

In 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...

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Taliban ban Afghans from using foreign currency

by on November 3, 2021 0

The 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...

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Latest updates: Pemex in Mexico posts third quarter loss of $ 3.8 billion

by on October 28, 2021 0

Demand 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...

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Although far from the UNESCO benchmark, Buhari comes closer to the promise of funding education

by on October 27, 2021 0

The 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...

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