December 15, 2023
“Developing countries paid a record $443.5 billion in 2022 to service their public debt as global interest rates surged, according to the World Bank… The cost of servicing debt for the world’s 24 poorest nations could surge by as much… Continue Reading…
December 7, 2023
“…It’s the first time US Bank has sold this type of securitization, according to a preliminary ratings report by Moody’s Investors Service. The notes effectively allow the issuer to transfer credit risk tied to the underlying loans over to investors.… Continue Reading…
December 6, 2023
“As China’s embattled shadow banking giant Zhongzhi Enterprise Group Co. faces a criminal probe, lawyers and analysts are assessing the damage to investors. One estimate puts that at about $56 billion… Authorities over the weekend said they’ve opened criminal investigations… Continue Reading…
December 6, 2023
“…The Monetary Policy Committee raised the benchmark one-week repo rate by 500 basis points to 40%. The expectation was for an increase of 250 basis points and the currency extended gains after the decision… The currency’s down almost 35% against… Continue Reading…
November 29, 2023
“Wall Street and Europe’s main stock markets mostly climbed Wednesday as traders ramped up bets on the US Federal Reserve cutting interest rates in the new year after a top official sounded an optimistic note on the battle against inflation…”… Continue Reading…
November 27, 2023
“…“This is urgent,” he said in an interview broadcast Sunday by LN+ TV, adding that Argentina can’t wait for the usual start of congressional sessions in March. “Solving the central bank’s problems as soon as possible” and “halting monetary emission”… Continue Reading…
November 27, 2023
“Australia’s government will introduce legislation this week to facilitate the largest overhaul of the central bank in a generation, including setting up a separate governance board and scrapping the treasurer’s power to reverse policy decisions. The bill is the result… Continue Reading…
November 20, 2023
“China and Saudi Arabia have signed a local-currency swap agreement worth around $7 billion, deepening their ties as countries across the Middle East look to shift more of their non-oil trade away from the dollar. The two countries’ central banks… Continue Reading…
November 15, 2023
” Central bank digital currencies have the potential to replace cash, but adoption could take time, said Kristalina Georgieva, managing director of the International Monetary Fund on Wednesday… The IMF has said that more than 100 countries are exploring CBDCs – or approximately 60% of… Continue Reading…
November 14, 2023
” SoftBank Group Corp.’s shares tumbled after its flagship Vision Fund reported another loss with the drop in valuations at WeWork Inc. and other portfolio companies on top of foreign exchange losses. Shares fell as much as 9.3% on Friday, the… Continue Reading…
Recent Comments