Foreign bank market

Tunisia approves economic recovery and exchange law

Tunisia’s parliament on Monday approved an economic stimulus law that allows people to open foreign currency accounts for the first time and also allows businesses and individuals to agree to a financial settlement for currency violations. The law, which has been stuck for years in parliament, will allow businesses to …

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How Richard Nixon Changed U.S. Economic Policy Forever

Inflation continued to be a problem in 1971, with forecasts showing an acceleration in 1972, which presented a growing political problem for Nixon. Inflation continued to be a problem in 1971, with forecasts showing an acceleration in 1972, which presented a growing political problem for Nixon. While inflation was unpopular, …

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Vietnamese banks remain attractive to investors

HANOI: Vietnamese banks are still attractive to foreign investors thanks to the country’s economy and its strong resilience to the unprecedented difficulties and challenges caused by the Covid-19 pandemic. With Fitch Ratings dropping Vietnam’s overall outlook from “stable” to “positive”, several Vietnamese banks were also rated positively by the international …

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New Fintech OneFor challenges the remittances and payments markets with a cheaper, faster and safer solution

FRANKFURT, Germany – (COMMERCIAL THREAD) –OneFor, a new pan-European FinTech company, today entered the market with a disruptive solution enabling borderless money transfers and payments, revolutionizing the markets for remittances and payments of several hundred billion euros . With less than one 1 second transaction time and up to 70% …

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Changing the retail banking scene | The star

In the field of retail or consumer banking, many changes are underway, with certain local banking groups becoming indirect beneficiaries of certain foreign banks which have had to get rid of activities they deemed insufficiently lucrative. This is what some seasoned observers of the banking industry say. This may also …

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Reflation trades take a hit as Fed change resets markets

The “reflation trade” that has dominated financial markets since the emergence of coronavirus vaccines last year was pummeled after the Federal Reserve unexpectedly signaled a shift in stance on inflation. Commodity prices fell as long-term U.S. government bond prices rose after Fed officials reacted to surprisingly strong inflation data this …

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Good news, bad news | Investigator’s opinion

It may seem difficult to understand recent economic developments. While foreign trade and manufacturing output rebounded in April from a year ago, unemployment worsened during the same period. Some economists have become optimistic about the Philippines’ economic outlook, but the World Bank (WB) lowered its growth forecast for this year …

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The world at a glance

China unveils photos of Mars rover BEIJING – The dusty and rocky surface of Mars along with a Chinese rover and lander bearing small national flags were seen in photos released Friday that the rover took on the Red Planet. The four images released by the Chinese Space Administration also …

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Baton adds LCH to automating warranty workflows

Baton Systems, the fintech that provides post-trade solutions, has integrated with LCH, the clearinghouse of the London stock exchange group, to expand its end-to-end collateral workflow automation network for derivatives . Alex Knight, Head of Global Sales and EMEA at Baton Systems, told Markets Media: “We are in direct contact …

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Irish central bank chief worried about cryptos

Share Tweet Share Share Share E-mail Derville Rowland, managing director of finance at the Central Bank of Ireland, is concerned about the proliferation of cryptocurrencies, according to The independent Monday (May 31). She said crypto assets are “quite a speculative and unregulated investment” and people should be aware that investors …

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