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 …
Read More »How rising global commodity prices hurt the economy
With the Wholesale Price Index (WPI) hitting a new high of 12.94% and retail inflation based on the Consumer Price Index (CPI) hitting a high of 6.3% in six months in May 2021, the Reserve Bank of India (RBI) rated the rise in commodity prices as high systemic risk. Mint …
Read More »Insurance and banking remain a priority area for both parties – The New Indian Express
Through Express news service NEW DELHI: Banking, insurance and capital markets remain key areas during the first India-UK financial markets dialogue on Thursday, as the country prepares to complete the foreign trade deal by end of this year. The first meeting of the dialogue began with a government-to-government discussion focused …
Read More »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, …
Read More »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 …
Read More »A stagflationary debt crisis like no other is not against thick and thin
After all, the debt ratios of advanced economies and most emerging markets were much lower in the 1970s, which is why stagflation has not historically been associated with debt crises. On the contrary, the unexpected inflation of the 1970s wiped out the real value of nominal fixed-rate debts, thereby reducing …
Read More »Vaccinations in Mongolia supported by Russia, China and the alliances
SEATTLE, Washington – Mongolia is a nation established between two powerful countries: China and Russia. Known for its rugged terrain and nomadic culture, Mongolia has been able to avoid any transmission of COVID-19 cases for ten months. It took a turn, however. spring 2021 with cases reaching numbers that had …
Read More »Alibaba founders secure company equity-backed loans from global banks
Chinese billionaires Jack Ma and Joe Tsai have pledged part of their combined $ 35 billion stake in e-commerce group Alibaba in return for large loans from investment banks, the company’s documents show. The stock pledges, made to banks such as UBS, Credit Suisse, Goldman Sachs and others, were taken …
Read More »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% …
Read More »What the drop in the 10-year Treasury rate below 1.5% may say about inflation
A key market signal on inflation plunged ahead of the second half of 2021. When the benchmark 10-year Treasury rate quickly climbed to 1.7% in March, Wall Street went on high alert, worried about the Federal Reserve’s potential to go too far with its support for the government. economy during …
Read More »Macron, trapped in the Sahel, turns to Nigeria to revive the economy
Of all the qualities that the former French leader Napoleon Bonaparte valued in his generals – or so they say – the most important was luck. French President Emmanuel Macron has had his share. For example, the implosion of the center-left and center-right candidates in the 2017 elections, allowing him …
Read More »Central Bank President believes South Africa can withstand rising global interest rates
South Africa is financially strong enough to withstand a post-pandemic hike in global interest rates, its central bank governor said, despite fears that investors could pull their money out of riskier emerging markets if yields increase elsewhere. Africa’s most industrialized economy has been bolstered by high commodity prices and can …
Read More »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 …
Read More »What Toshiba’s woes say about Japanese capitalism
“I THINK THIS will be theatrical, and we fear it will be sensational, ”a senior official in the Japanese Ministry of Economy, Trade and Industry (METI) warned an activist fund last year. Investors were pushing for more outside directors to sit on the board of Toshiba, a titan of Japanese …
Read More »Boom and collapse: how the Japanese asset market collapsed in the lost decade
In the 1980s, the Japanese economy was the envy of the rest of the world, with average annual growth (measured by GDP) of 3.89%. The United States, by comparison, grew 3.07 percent. From the book Devil takes the last word by Edward Chancellor, who takes stock of the major financial …
Read More »Technology hires rebound in May; overall labor market still weak, report says, Telecom News, ET Telecom
Hires across all industries fell in May, although the tech industry labor market rebounded from the pandemic-induced downturn as many tech companies were booming, according to a report. There was a 2% drop in the total number of new job postings in May on the SCIKEY Market Network, a job …
Read More »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 …
Read More »Stock market resilient despite devastating second wave of COVID-19, report finds
Even though India’s case count remains high during the second wave of the coronavirus pandemic and economic activity is at an all-time low, the Indian stock market is moving more in line with its global peers – and has remained overall on a bullish trajectory despite the stumble. Secondary research …
Read More »Netanyahu is out. What this means for Israeli actions.
Text size Benjamin Netanyahu was Israel’s longest-serving ruler. ABIR SULTAN / POOL / AFP via Getty Images Israeli stocks yawned widely on Monday as Benjamin Netanyahu ended his record-breaking 12-year run as Israeli Prime Minister and the country welcomed a new government. While this is a shock to the country’s …
Read More »UK businesses call for help as pandemic restrictions are extended
This article is an on-site version of our Coronavirus Business Update newsletter. Please share this with your friends and colleagues who might find it useful and let them know that, even if they are not a Financial Times subscriber, they can read the newsletter – and all of the FT …
Read More »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 …
Read More »Inflation and US monetary policy data will influence stock markets, analysts say
Inflation data from India, the Covid-19 vaccination campaign and the resumption of economic activity after a prolonged lockdown and restrictions would guide the trend of domestic stock markets this week, analysts say. In addition, the US central bank’s monetary policy meeting on its stance on continued stimulus measures is another …
Read More »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 …
Read More »SGX Nifty Slightly Higher Amid Stable Asia Trade; BHEL, Sun TV, DLF In Focus
Asian stocks were flat on Friday after US stocks and Treasuries rallied, with investors believing that a surge in inflation would likely be transient, giving way to continued central bank support. Stocks rose slightly in Hong Kong and dipped in Japan and China. India’s SGX Nifty 50 index futures for …
Read More »Standard Chartered strengthens its custodial position in China
First foreign bank to implement domestic mutual fund custody, WFOE private fund custody Standard Chartered Bank (China) successfully entered into a mutual fund safekeeping deal in June and a wholly foreign-owned enterprise (WFOE) private fund custody deal in January 2021, making it the first foreign bank to enter into transactions …
Read More »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 …
Read More »Market Watch: Which Sectors Are Best To Play The Unlock Theme?
Welcome to ETMarkets Watch, the show about stocks, market trends and money making ideas. I am Atul PM. and here are the headlines at this time. Tata Motors soars as Big Bull and renowned investors meet top co-executivesHEG electrode maker is Jefferies’ multibagger bet for FY22NCLT Approves Piramal DHFL Resolution …
Read More »Fired, then rebounded to become CFO of banking giant JPMorgan Chase, Invest News & Top Stories
(BLOOMBERG) – Resume isn’t quite what you would expect for someone about to handle the finances of the powerful JPMorgan Chase. Long before Mr Jeremy Barnum was promoted to CFO, he was fired for a business incident – by JPMorgan. He then separated from hedge fund BlueMountain Capital Management due …
Read More »Taiwan’s foreign exchange reserves up for the second consecutive month
Taipei, June 5 (CNA) Taiwan’s foreign exchange reserves increased for the second consecutive month in May due to the appreciation of world currencies against the US dollar and higher returns on the bank’s portfolio, according to the bank central part of the country. Taiwan had foreign exchange reserves of US …
Read More »Biden targets crypto tax cheats in global data-sharing discourse
(June 4): The Biden administration has proposed to require the collection of data on foreign cryptocurrency investors active in the United States, with the aim of strengthening international cooperation to contribute to a broader crackdown on the tax evasion. The Treasury Department, in its “Green Paper” of revenue proposals released …
Read More »multibaggers: Dipan Mehta on where to look next for multibaggers
If you want multibagger stocks – the creators of wealth – they’re going to be in the growing companies, the one or two new age digital companies that have been listed and many more that are in the process of being listed, says Dipan Mehta, Director, Elixir Actions. How should …
Read More »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 …
Read More »With help from SBDC, Kirila Fire expands exports to 25 countries – Business Journal Daily
YOUNGSTOWN, Ohio – As is the case with many small businesses, the staff and owners of Kirila Fire Training Facilities Inc. knew exactly how to do what they do, in this case, design, manufacture and install fire fighting systems. fire training. But when it came to navigating international trade laws, …
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