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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... Read More

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... Read More

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... Read More

US Must Review Criminal Sanctions Policy Amid Afghan Financial Crisis

by on December 14, 2021 0
The widely recognized illegitimacy of the Taliban regime, due to its involvement in terrorism and human rights abuses, has cast uncertainty on Afghanistan’s macroeconomic tracks. The country’s economy is estimated to have contracted by 40% since the Taliban took control in August. This had substantial negative implications on basic services, financial systems and markets,... Read More

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... Read More

Analysis – Debt Ceiling Crises Refines Examination of U.S. Safe-haven Status

by on October 13, 2021 0
LONDON (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 More

Economists recommend additional support for MSMEs

by on October 7, 2021 0
Economists 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 More

Inflation, insecurity and major forex issues OPS wants FG to tackle FG – Business – The Guardian Nigeria News – Nigeria and World News

by on October 6, 2021 0
As 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 More

At 61, Nigeria remains a sleeping giant

by on October 3, 2021 0
CICERO / Problem As Nigeria celebrates 61 years of self-government, Ademola Orunbon writes that the country is still far from realizing its greatness As Nigerians marked the 61st anniversary of their beloved country’s independence last Friday, it was evident that the myriad of troubling socio-economic and security challenges made it increasingly difficult for the... Read More

Fitch Ratings Confirms FCMB IDR at “B-” with a Positive Outlook – Nairametrics

by on October 2, 2021 0
Fitch 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 More

Heavy regulations on luxury items on cards

by on September 25, 2021 0
ISLAMABAD: 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 More

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... Read More

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... Read More

ECB inflation debates intensify

by on September 2, 2021 0
Market 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 More

Kantox expands partnership with Silicon Valley Bank

by on July 8, 2021 0
Kantox, a European fintech and leader in currency management automation software, announced the extension of its partnership with Silicon Valley Bank (SVB), the bank for the world’s most innovative companies and their investors. With this expansion, SVB client companies across the United States will now be able to take advantage of Kantox’s award-winning Kantox... Read More

30 Zim Companies to Showcase at Malawi Solo Exhibition

by on July 6, 2021 0
The Chronicle Prosper Ndlovu, business writerAPPROXIMATELY 30 Zimbabwean companies are expected to showcase their products at the Malawi solo exhibition scheduled for next week in Lilongwe. The “solo expo” will be held from July 12 to 14 as part of strict Covid-19 prevention measures under the theme: “Promoting business partnerships,” the organizers said. The... Read More

Industry: Struggling with a gradual rebound

by on July 5, 2021 0
The economy is gradually on the road to recovery, after the debilitating effects of limited economic activities forced by the COVID-19 pandemic and falling oil prices. However, the manufacturing sector, which is a major yardstick for assessing the health of the economy, is still struggling, requiring urgent policy measures to revitalize it. Assistant editor... Read More

The role of exchange rates in economic development

by on June 22, 2021 0
The impact of exchange rate policy on economic development remains a hotly debated subject. In the macroeconomic literature on developing economies, two important concerns are raised about exchange rate policies: the links between exchange rates, the balance of payments, and macroeconomic stability and growth. The importance of a competitive and stable exchange rate, which... Read More

China quietly steps up market interventions

by on June 19, 2021 0
China is resorting to increasingly aggressive measures to contain risks to the financial system, measures that threaten to undermine President Xi Jinping’s commitment to give more freedom to markets. In recent weeks, authorities have ordered state-owned enterprises to reduce their exposure to commodities abroad, forced domestic banks to hold more foreign currency, considered a... Read More

Are our foreign exchange reserves sufficient?

by on June 18, 2021 0
The growing foreign exchange jackpot has created an abundance problem for the Reserve Bank of India. It attracts unwanted attention, as well as calls for the use of reserves to finance infrastructure spending, capitalize public banks and better management of assets on reserves. The RBI’s latest monthly bulletin attempted to bring the discussion to... Read More

Rupee under pressure from high crude prices; strong macro, RBI intervention can help stop the slide

by on June 16, 2021 0
The latest inflation figures may have surprised currency watchers, but pundits remain optimistic that the Indian currency will remain proficient against the US dollar. However, the rupee is expected to remain under pressure from rising crude oil prices amid a sharp decline in the US dollar and REIT outflows in June. Experts believe that... Read More

Indian Foreign Currency Reserves Will Help Global Fallout From Tide, RBI Says

by on June 4, 2021 0
By all indications, India’s foreign exchange reserves have exceeded $ 600 billion, said central bank chief Shaktikanta Das, a huge buffer that will help protect Asia’s third-largest economy from global fallout and volatile external flows. Earlier this year, the country’s foreign exchange reserves briefly overtaken that of Russia to become the fourth The Reserve... Read More

CBN Funding Interventions Support GDP Figures

by on May 30, 2021 0
Godwin Emefiele, Governor of the CBN. … Ready to face stagflation By Emeka Anaeto, Business Writer The Central Bank of Nigeria, CBN, is expected to support positive developments in Nigerian economic growth amid threats of stagflation. CBN Governor Godwin Emefiele, who gave the hint at the last meeting of the umbrella bank’s Monetary Policy... Read More

Pakistani rupee to stay secure subsequent week

by on April 4, 2021 0
Males change Pakistani banknotes at a counter in Peshawar, Pakistan, November 17, 2017. Photograph: Reuters / File Merchants anticipate the Pakistani rupee to stay tied in opposition to the US greenback subsequent week. The rupee began the week at 154.04 in opposition to the greenback. The rupee breaks predicted assist ranges, surpassing pre-Covid ranges,... Read More

Alternate charge weakens to N482 / $ 1 as merchants react to Naira4Dollar program

by on March 9, 2021 0
The Central Financial institution of Nigeria introduced on Friday that it’s proposing a Nara4Dollar initiative that can reward anybody who remits {dollars} by way of N5 banks for each greenback donated. Nonetheless, knowledge from the central financial institution’s web site might present further data as to why the central financial institution is embarking on... Read More