Closed-loop and A2A payments expected to reduce card schemes
Closed-loop payment systems top the wish list of payment professionals for alternative payment products, followed closely by point-of-sale account-to-account payments, according to research from the watchdog agency Vixio regulatory.…
The daily obsession generated by the dollar in the country
Argentines, who abandoned “one-to-one” convertibility between their currency and the US dollar 20 years ago, live waiting for the price of this currency, respond inventively to multiple exchange restrictions and literally sleep on a…
Philippines central bank to keep a firm hand on policy leverage through Q4 22 – Reuters poll
BENGALURU: The Philippines' central bank will wait until the end of the year before raising interest rates by a record 2.0% to support an uneven economic recovery from the COVID-19 pandemic, according to a Reuters poll .As inflation remains…
Paysafe expands into mobile sports betting markets in Louisiana and Oregon
HOUSTON--(BUSINESS WIRE)--paysafe (NYSE:PSFE), a leading specialty payment platform, today announced its expansion into the Louisiana and Oregon mobile sports betting markets. The company currently processes sportsbook deposits…
To depreciate or not to depreciate – The Island
The government's intention was to reduce imports and encourage exports. The policy paper, “Prospects for Prosperity and Splendor,” page 36, refers to trade deficit reduction, import substitution, and export encouragement.…
Myths and certainties about inflation
The interest rate sets a floor for price increases. The level of the rate is one of those multiple causes which explain inflation and which has remained unscathed not only in economic policies, but even in public debate. Perhaps because…
Geopolitical turmoil fears fuel price to rise to Rs200-225
KARACH:
Accelerating international geopolitical tensions over the Ukraine crisis pushed the international price of Brent oil up 5% on Friday to its highest level in seven and a half years at $95 a barrel. If Russia invades Ukraine,…
The myth of “negative net reserves in the BCRA”
the last payment to the IMF has put additional pressure on the reserves of the Central Bank. The same established economists and media who lobbied for the payout, then came out to encourage a run on the exchange and the bank with shocking…
Rarity sales come off the auction platform
The coin business and hobby remains on solid footing. Truly rare coins continue to come out of storage as their owners consider the current climate to be when coins should fetch their best prices if offered. Even the market for these!-->!-->!-->!-->!-->…
Newly launched payment system expected to save Africa $5 billion a year
The recently launched new Pan-African Payments and Settlement System aims to reduce cross-border payment fees and transaction delays across the continent, and eventually help businesses grow.WHETHER IT'S A WORKING MIGRANT TRANSFERRING MONEY…
High-cost lender TFS Loans plummets into administration
High-cost lender TFS Loans went bankrupt after running out of cash due to customer demand for repayment.
The guarantor loan company has appointed trustees after it was unable to meet the cost of compensating customers for unaffordable loan…
Press TV headlines
JCPOA stimulus talks
The Iranian president blamed US President Joe Biden's administration for sticking to his predecessor's failed policy against the Islamic Republic. Ebrahim Raeisi noted that this approach is the main obstacle to…
Lone shark PM makes nation indebted to payday lender Sunak
I'll be honest, I don't have much sympathy for Conservative MPs, but today I felt something for them. It wasn't strong enough to call it a feeling, more like a pain, I would say.A new Brexit report has shown the scheme to have been a…
Russia: Government and Biggest Bank See Cryptos as “Currency Analogue”; publish a bill soon
After months of speculation and adversarial debate, Russia surprised the cryptocurrency industry by agreeing to recognize Bitcoin as a currency. This comes after the Russian government and central bank reached consensus on cryptocurrency…
Why does South Africa insist on maintaining destructive exchange controls?
In the second part of his critique of exchange controls in South Africa (part one), Dr Brian Benfield recalls that when the ANC took over power in 1994, one of its main objectives was to dismantle totally this apartheid protection tool. .…
Local and international factors Wilts Rand
RAND ANALYSISFed under pressure to fight inflation.Load shedding interruptions. Political instability reaffirmed by the report on the July riots.Weakness of raw materials linked to the rand. BASIC CONTEXT OF THE ZARCARRY'S TRADEthe South…
Today’s Fiat Dollar Standard is Built on Lies – OpEd – Eurasia Review
By Manuel Tacanho*
We live in an age of rampant inflation (monetary and price), more frequent economic crises, chronic deficit spending, unpayable debt and massive financial bubbles. It is not accidental. It is substantial.
This fact…
Tesla May Buy More Crypto Despite Headwinds
Recent tremors in the crypto market have not changed Tesla's confidence in bitcoin. On the contrary. The electric vehicle manufacturer still has the king of cryptocurrencies on its balance sheet. That stock is valued at $1.99 billion as!-->…
Chicago-based lender is locked in by state cap on interest rates
For many people, the most important thing the Illinois Legislature did last year was pass the Predatory Loan Prevention Act. Gov. JB Pritzker signed the measure last March, and consumer advocates hailed it as one of the toughest state…
The Currency of Empires – Asia Times
The ideas come from history, from human experiences filtered through readings, reasoning and introspection. But the feeling on our skin, in our flesh, makes us believe more in one thing or another. After all, that's what Polybius…
TCCIMA organizes an online conference on Iran-India trade
TEHRAN – The Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) on Saturday held a virtual Iran-India business conference titled “Developing Iran-India Trade Relations: Trade and Investment Opportunities” , announced the…
Which cryptocurrencies should you buy for the long term
Viktor KochetovCEO Kyrrex. Knowledge of traditional markets comes with experience in crypto. More and more people are interested in cryptocurrencies, an ever-growing asset and medium of exchange. As CEO of Kyrrex, allow me to share with…
The thrills and frills of Dambe Fight-Night in Abuja
SSaturday 5th January is sure to remain etched in the minds of people in and around Abuja who love traditional sports, especially the game of Dambe, as they were given the rare opportunity to be enthused by some of the best Dambe fighters…
PriceSmart Announces 22.9% Annual Dividend Increase |
SAN DIEGO, February 4, 2022 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 49 warehouse clubs…
Miami payday lender can’t dodge SEC investment fraud suit
By Nathan Hale (February 3, 2022, 8:27 PM EST) - A Miami payday loan company and its CEO can't escape US Securities and Exchange Commission claims they fraudulently raised $66 million from more than 500 investors, as a federal judge…
Crypto Tax: Global Players Applaud Crypto Tax as First Step in Giving Back
Mumbai: The global crypto community hailed India's announcement to tax cryptocurrencies and develop a blockchain-based, regulator-backed digital currency as a significant step towards legitimizing the asset class and encouraging innovation…
$60 loan climbs to $800 for teen ‘exploited’ by payday lender
Rachelle* was 17 and a bit short on cash when she borrowed $60 early last year from online payday lender Cigno. Key points:$60 loan repayments soared to $800 debt for teen who borrowed moneyASIC plans to use its powers of intervention to…
Factbox-Russia and China could sign energy deals and other agreements between Moscow and the West |…
(Reuters) - Russian President Vladimir Putin is meeting Chinese leader Xi Jinping this week when he attends the Beijing Winter Olympics and they may seek to deepen trade ties in energy and other areas at a time when Moscow is at odds with…
Overnight injections in Sri Lanka exceed 600 billion rupees amid reserve outflows
Night injections in Sri Lanka exceed 600 billion rupees amid sterilized interventions
ECONOMYNEXT - Sri Lanka's overnight liquidity injections into the banking system exceeded 600 billion rupees on 02 February, from…
Investing in Tribe – Everything you need to know
The tribe functions as a governance token for the Fei Protocol. TRIBE holders have the right to vote on adjustments to the FEI stablecoin, including changes to its bond curve and other crucial updates. FEI is a direct incentive…
The foundation of the metaverse: centralization versus decentralization
When you ask someone what the Metaverse is, you can expect to hear something like, "It's the Facebook project...I mean...Meta is working on."
Indeed, when Facebook renamed Meta in October 2021, at the company's annual…
Global economy braces for QE exit and rate hikes
The dreaded Fed cut is almost here. US Federal Reserve Chairman Jerome Powell has signaled that he will raise interest rates soon, but will also stop adding to his massive stockpile of bonds by early March.In summary: key support for!-->…
Prevent payday lenders from using trusted banks for predatory lending
Three major banks — Wells Fargo, Truist and Regions Bank — announced plans in January to launch small-dollar loan offerings to customers with checking accounts. If their loans give customers time to repay in affordable installments at fair…
digital rupee: What is the digital rupee, how does it work?
In her 2022 budget speech on Tuesday, Finance Minister Nirmala Sitharaman announced that the Reserve Bank of India (RBI) would launch its own digital rupee in the new fiscal year. The digital rupee is a central bank digital currency (CBDC)…
ID4Africa: the future of digital identity in the real and virtual world
“What is your conception of digital identity? may seem at first glance to be one of those trivial questions in the industry and taken as a distraction. But not at the request of Dr. Joseph Atick from a panel of…
EBRD invests $630m in Kazakhstan in 2021, green financing remains priority
NUR-SULTAN - The European Bank for Reconstruction and Development (EBRD) has invested $630 million in 18 projects in Kazakhstan in 2021, the bank's press service reported.
The EBRD announced its intention to support the major road project…
5 things India Inc expects from the 2022 budget
India Inc has drawn up a list of demands for the 2022-23 budget to be presented by Finance Minister Nirmala Sitharaman on Tuesday. Ease of doing business, increased government spending, job creation incentive programs and a simplified…
CBDC or stablecoins: Why traditional banks need to adopt a new and adaptable policy
The creation of central bank digital currency (or CBDC) and stablecoins is major proof that cryptocurrency is here to stay. While CBDCs are issued by the government, stablecoins, on the other hand, are issued privately to…
SNP ‘should begin preparatory work’ on Scottish currency after independence
DOUGLAS Ross was blushed in the Commons this week over the SNP's supposed lack of a monetary plan should Scotland become an independent country.
He also got himself into hot water, so strayed from the subject of the…
The Taiwanese dollar soars by more than 2% in the year of the Ox
Taipei, Jan 29 (CNA) The Taiwanese dollar climbed more than 2% against the US dollar in the Year of the Ox due to the country's strong export performance, and the upcoming Lunar New Year holiday could further boost demand as the amount of…
Why the NFT market will crash
In March 2021, auction house Christie's sold a JPEG file created by artist Beeple for $69.3 million, a record for a digital work. Ownership of the "original" JPEG - titled "Everydays: The First 5000 Days" - was secured as a non-fungible…
PROGRESS SOFTWARE CORP /MA Management’s Discussion and Analysis of Financial Condition and…
The following Management's Discussion and Analysis of Financial Condition and
Results of Operations ("MD&A") is intended to help the reader understand the
results of operations and financial condition of Progress Software Corporation.…
FinCEN Crypto & Ransomware Advice: Will 2022 Bring More Changes? | Torres Law, LLC
The U.S. Department of the Treasury's ("Treasury") Financial Crimes Enforcement Network ("FinCEN") has made it clear that companies that engage in certain activities involving virtual currencies are subject to the registration, reporting,…
Strong growth in sales and order intake
Interroll Holding AG / Keyword(s): Preliminary resultsStrong growth in sales and order intake 26-Jan-2022 / 06:30 CET/CESTPublication of an ad hoc announcement pursuant to Art. 53LRThe issuer is solely responsible for…
Sanctions and cross-border trade under alternative arrangements
Chakhawat Hossain |
Published:
January 25, 2022 9:18:01 PM
Open economies can only transact with other countries, either by highway or by road. Transactions include the exchange of goods and services and investment financing…
LAM Holding, Inc. today announced that its European operation has introduced multi-currency…
Rome, Italy - European consumers use a variety of currencies. The frames at LAM Holdings was aware that one of the cards' most popular features had to be the ability to store multiple currencies when it recently launched its digital…
Asean FX in focus as analysts consider global monetary policy changes
ASEAN currencies - including the Indonesian rupiah - would still be sensitive to the United States. Photo: iStock…
How to choose or analyze altcoins?
What are altcoins?The word “altcoin” is derived from “alternative” and “coin”. Altcoins refer to all alternatives to Bitcoin. Altcoins are cryptocurrencies that share characteristics with Bitcoin (BTC). For example, bitcoin and altcoins…
Cryptocurrency mining faces intense opposition…
(MENAFN-ValueWalk) rebcenter-moscow / Pixabay As Power Outages and Climate Change Policies Disrupt Energy Use, Cryptocurrency Mining Comes Under Fire Get the complete Henry Singleton series in PDF
Get…
Senegal: Drugs, real estate and money laundering in Senegal
Cooperation with the Financial Action Task Force could get the country off the gray list and strengthen its economy.
In February 2021, the Financial Action Task Force (FATF) added Senegal to its gray list, indicating that the country does…
Moneycorp Americas is expanding its payments capabilities in the country
PROVIDENCE, RI--(BUSINESS WIRE)--Moneycorp Americas, a leading provider of global payments and currency risk management solutions, has expanded its payments capabilities in the country by providing access to alternative payment…
America’s Asian dilemma – Asia Business News
Opinion Commentary by Chris Devonshire-Ellis - January 20, 2022
A rising Asia makes it difficult for Washington to continue to wield global influence
The United States – and to some extent the world – is currently at a discernible…
What Latin America needs to respond to in 2022 – and beyond
The COVID-19 pandemic reached Latin America at a time when the region's structural economic and social deficiencies had not been resolved.
Resilient and inclusive solutions must be found to deal with the crises caused…
Despite popular unpopularity, North Korea may issue more vouchers this year
A photo of the currency vouchers currently in circulation in North Korea. /Image: Daily NK
The North Korean authorities handed over the vouchers (Donpyo) released a positive assessment last year, and despite their…
I Don’t Trust Bitcoin, But Should I Ditch Crypto?
The recent rise and rise of the cryptocurrency market followed by a crash has heightened the mistrust and defiance of Main Street, which still equates the entire crypto sphere with bitcoin, despite the growing popularity of NFTs –!-->…
Weighing in on President Biden’s first year: the economy and monetary policy
As part of a series examining the first year of Biden's presidency, Harvard Law Today asked Christine A. Desan, Leo Gottlieb law professor and monetary policy and economics expert, to share her thoughts on the successes, failures and…
SuperyachtNews.com – Owner – Ocean Independence now accepts crypto
The London-based brokerage is the latest company in the superyacht industry to accept cryptocurrency…
Since Monaco Yacht Show 2021 it's pretty obvious that cryptocurrencies are going to become commonplace in the…
On-demand lender Beforepay sees massive price drop on ASX debut
That slashed nearly $70 million from the company's valuation, with consumer advocates warning that younger generations are likely to take on debt.Beforepay, a fintech that gives people an advance on their wages before payday, suffered a…
5 major companies in the world that have started to accept Bitcoin as a means of payment:
Cryptocurrency is becoming a global trend in the financial world. In this bitql.cloud, no one wants to be left behind in this trend. Almost every big name in business is coming forward to accept cryptocurrency as a new era currency. We…
The turmoil in Hong Kong is an opportunity for India
Hong Kong's future as a global financial center is less promising after China's authoritarian crackdown - to control the pandemic and civil liberties - led to an exodus of expatriate professionals from the…
PiggyBank payday lender customers urged to submit complaints
MORE than 387,000 customers of a collapsed payday lender will be asked to submit claims for redress to administrators.
Dorset-based DJS (UK) Limited - trading as PiggyBank - was one of the UK's 10 largest payday…
Gen Z now has an ETF that reflects their values
Gen Z seem determined to disrupt the world and are now bringing their disruptive attitudes to the world of investing.This tech-savvy, mobile-focused generation is shedding old prejudices and embracing more progressive views on race, gender,…
PiggyBank payday lender customers urged to submit claims
MORE than 387,000 customers of a collapsed payday lender will be asked to submit claims for redress to administrators.
Bournemouth-based DJS (UK) Limited - trading as PiggyBank - was one of the UK's 10 largest payday…
Three days at Camp David: a review
"The global monetary system often goes unnoticed by an American public whose concerns about the economy typically extend only to gas prices, unemployment numbers, and whatever frightening numbers the national debt represents to…
Unrest in Kazakhstan Shakes the Crypto Market and Shows Its Vulnerability as a Global Currency
Political instability in Kazakhstan was at the center of the past week as major cryptocurrencies like Bitcoin and Ethereum lost a significant portion of their value.Sources familiar with the situation say the selloff was triggered by the…
Central currency: the future of money
In the process, the UAE and Saudi Arabia have rekindled the spotlight on a new trend sweeping the global financial industry and at the same time contributed to the learning quotient on CBDCs. They are part of a growing list of 90 countries…
Exploring the growing list of countries that indicate…
(MENAFN - ValueWalk) Brett_Hondow/Pixabay More than 3000 years ago, the world's first recognizable coins were produced in China. Fast forward to the present day and we can see that the market size of…
The forex factor of investing
“But, if the Aussie dollar appreciates, your return on your US$100 return will decrease as you convert your investment back into local currency,” he adds.In particular, investors can manage the currency risks in their portfolio by checking…
Africa: Key Pillars Almost in Place to Accelerate Africa’s Free Trade in 2022
A year later, negotiators for the African Continental Free Trade Area (AfCFTA) are making progress on the remaining crucial elements, in particular rules of origin.
The official launch of free trade under the African Continental Free…
AMC CEO has finished selling the company’s stock
Find out what clicks on FoxBusiness.com.
AMC Entertainment CEO Adam Aron has completed selling shares of the movie theater chain after unloading $7.1 million in stock on Tuesday. Adam Aron attends the 33rd American Cinematheque…
The House review – a beautiful animation that speaks to your darkest terrors | TV &…
WWell here is a fun little curiosity to distract you a bit. The House, produced by UK-based Nexus Studios and released by Netflix, is a special adult stop-motion anthology. Three stories of about half an hour each take place in the same…
Barclaycard Rewards credit card | Standard Evening
Our verdictIf you want to convert simple credit card spending into cash, this is one card that should definitely be on the shortlist. In addition, there is no annual fee. Barclaycard's Rewards card also includes some great features for…
Rupee hits 3-month high at 73.91
MUMBAI: The rupee hit a high for more than three months on Tuesday, regaining 73 levels. By the close of trade it had gained 13 paise to end at 73.91 against the US dollar. The last time the rupee closed around this level was at 73.84 on…
Is Bitcoin Baked? – Swiss Daily
Bitcoin was supposed to cost $ 100,000 by the end of 2021, but like most speculative things, the “experts” were wrong! Like Bloomberg points out, "Bitcoin fell below US $ 40,000 for the first time since September, setting it up for its…
Kuwait Finance House KSCP: KFH Launches Foreign Currency Visa Prepaid Card With Unique Benefits
Kuwait Finance House "KFH" launched the KFH Visa Foreign Currency Prepaid Cards which allow customers to easily invoice and pay in different currencies during travel and online shopping.…
Chilean peso in free fall, Peru seeks to regulate cryptocurrencies – CVBJ
Bitcoin in Spanish is a weekly newsletter from CriptoNoticias in which we review the most important news related to bitcoin, cryptocurrencies and blockchains in the Hispanic world.
First bulletin of the Hispanic world of this year…
“Russia’s bet with Ukraine”
Russian President Vladimir Putin threatening Ukraine offers highly uncertain rewards but potentially fatal inconvenience to him and his entourage, writes Beat Wittmann in an essay on finews.first.
This article is published on…
The incredible story of France’s creation of the metric decimal system
January 8, 2022
credit, Scientist
Illustrative image,
One of the last remaining standard metro rails, can be found under a window on the facade of the Ministry of Justice in Paris.
On the facade of the Ministry of Justice in…
Nigerians worried about scarcity of lower-value naira banknotes
While Nigerians complain about the shortage of low-value naira banknotes, which are mainly used for economic transactions between the masses, experts have attributed this shortage to the high cost of printing the banknotes and the…
Curious about Ethereum, HUH Token and Shiba Inu? Here’s what you need to know
As the competition among cryptocurrencies becomes more intense, it is evident that buyers, investors, holders, are looking on the internet for something that can answer and allay their concerns ... sometimes, too much choice is…
FCA takes action as payday lender begins liquidation
By Najiyya Budaly (January 7, 2022, 12:40 GMT) - The city watchdog said on Friday it was working to ensure that customers of OunaPuu Ltd. be treated fairly after the payday lender went into liquidation in December.The Financial…
Taleb on Bitcoin / Cryptos: a deconstruction
The 2007 book by Nassim Nicholas Taleb 'Black Swan' has been hailed by The Sunday Times as one of the twelve most influential books since World War II. However, his 6-page 2021 article titled "Bitcoin, currencies and fragility" deserves…
How Bristol became the frontline of revival
Yet even as Good Life blossoms by the River Avon - the Soil Association, Triodos Bank and the Environment Agency are all headquartered here - is everything in Bristol really so rosy? Former Mayor Independent George Ferguson yesterday…
DISCUSSION AND ANALYSIS BY THE MANAGEMENT OF PRICESMART INC OF THE FINANCIAL CONDITION AND OPERATING…
Forward-looking statements
This Quarterly Report on Form 10-Q contains forward-looking statements
concerning PriceSmart, Inc.'s ("PriceSmart", the "Company" or "we")
anticipated future revenues and earnings, adequacy of future cash…
Emirates News Agency – AJD Hosts Forum on “Legal System of Cryptocurrencies from the…
ABU DHABI, January 6, 2022 (WAM) - "Legal System of Cryptocurrencies in International Experiences" was the title of the…
Africa: One year of free trade in Africa calls for celebration despite teething problems
Free trade under the auspices of the African Continental Free Trade Area (AfCFTA) officially began in January 2021. A year later, several aspects of the trade pact are successfully implemented as negotiations are underway in other areas.…
Kenya’s foreign wealth shrinks by $ 769 million
By VICTOR JUMA
Kenya's net foreign assets fell by Ksh 87.1 billion ($ 769.7 million) in the year through September, the largest drop to date, indicating that local financial institutions have liquidated some of their portfolios…
International financial cooperation is important for the status of the world’s reserve…
U.S. Federal Reserve Chairman Jerome Powell testifies during a hearing on Capitol Hill in Washington, DC, the United States, December 1, 2020 (Photo: Xinhua) On December 15, US Federal Reserve Chairman Jerome Powell laid out plans to…
Shiba Inu can be like a wild banknote, which is not a terrible thing
Recently, one of the main news specific to Shiba inu (CCC:SHIB-USD) is that the underlying team has released a beta of their Decentralized Autonomous Organization (DAO) with the goal of giving SHIB users greater control over…
Equities end the year on a positive note
The actions extended their Santa Claus rally with hopes that the Omicron variant won't cause serious economic damage next year, even as the number of cases has skyrocketed around the world. The S&P 500 was up 0.85% week-over-week…
Bank of America Balance Assist Lender Review
Bank of America's Balance Assistance program can provide short-term, low-value loans to bank customers for a fixed amount. The program, created in part to help clients avoid high-interest payday loans, is expected to be available…
Why smart government action is needed to solve pandemic-induced inflation
"Furious greed which, without any thought for the human race, hastens for its own benefit." So, Roman Emperor Diocletian described inflation in his edict of CE 301 setting maximum prices for over a thousand commodities.Without the help of…
Enjoy the classic dice game at CryptoGames – CryptoMode
One of the most publicized means of online entertainment these days for many is online gambling. This is a big part of the digital changes in cultural aspects. Entertainment media has become a growing industry that not only offers new…
Missed purchase DOGE or SHIB 2021; These Crypto Can Give You Massive Returns In 2022
New Delhi: Memecoin like Dogecoin and Shiba Inu has managed to emerge as the most popular cryptocurrency overtaking major cryptocurrencies such as Bitcoin and Etherium.
Shiba Inu has become the most viewed coin on the international market…
Peso loses 6% in 2021
Lawrence Agcaoili - The Filipino StarJanuary 2, 2022 | 00h00
MANILA, Philippines - After becoming one of the region's best-performing currencies in 2020, the peso depreciated near the $ 51-1 level in 2021 amid strong Philippine demand…
Young journalists abroad victims of false information about Turkey
On the spot, it is relatively easy to understand the enormous strides made by modern Turkey since the start of the new millennium - it seems that a whole new nation-state has formed in which its citizens and the…
Kenya needs bold and broad economic thinking
Chroniclers
Kenya needs bold and broad economic thinking
Friday, December 31, 2021
By JAINDI KISEROMore from this author
Summary
When traders hesitate to speak up it is usually that we are entering a period when…
Some companies are ready for the end of libor, but not all
Wall Street's abandonment of the London Interbank Offered Rate takes effect at the start of the new year. Some companies are better prepared for it than others.
From…
What it is about?
The metaverse, according to Mark Zuckerberg or Satya Nadella, is the future of the Internet
December 30, 2021, 10:00 a.m.…
Tanzanian shilling maintains stability in 2021
The shilling has maintained stability throughout the year, fluctuating slightly around 1.0% since January. The local currency opened the year at 2,309/09 against the US dollar, which was almost similar to the 2,309/16 yesterday.…
Sri Lanka’s central bank treasury bill stockpiles rupees 1.9 billion amid sterilized…
ECONOMYNEXT - Sri Lanka's central bank treasury bill outstanding reached $ 1.9 trillion with overnight cash injections reaching Rs 451 billion, data shows amid a withdrawal from the festival and continuous…
Swadeshi Jagran Manch calls for ban on e-commerce giants
Swadeshi Jagran Manch, an economic think tank affiliated with Rashtriya Swayamsevak Sangh (RSS), demanded that all permissions granted to multinational e-commerce giants, such as Amazon and Flipkart, be withdrawn and all their activities…
The Paranoid Style in American Investing
The year 2021 will be remembered as the year in which the markets collapsed into a rabbit hole and entered financial wonderland: a once elitist company has grown more populist, tribal, lawless and often downright bizarre. .Retail investors…
Enter the Fiat currency exposure in this unique ETF
The momentum is squarely behind the dollar amid the Omicron variant, but diverse exposure to international currencies is available in the Invesco DB G10 Currency Harvest Fund (DBV).As various countries grapple with the latest variant of…
Swadeshi Jagran Manch calls for crypto trading ban
The law relating to the issuance of digital currency by the Reserve Bank of India should be framed "expeditiously" and the Central Bank's digital currency (CBDC) considered to be legal tender, said Swadeshi Jagran Manch (SJM) at the…
Naira earns 0.09% of dollar at investor window
By Adedapo Adesanya
Oil prices closed mixed on Friday in a short holiday swap after a three-day rally, with investors trying to assess the impact of the omicron coronavirus variant on demand.
While Brent crude fell 29 cents…
Crypto Essentials 2022 Newbies – Bitcoin Mining Explainer Report Released
FitPreneurShip has released its latest report which offers readers a comprehensive overview of what cryptocurrencies are and how they work.
New York, United States - December 24, 2021 -
In the new report, readers are given a…
Argentina, a time bomb
Alberto Fernandez and Martin Guzman in 2021, Fernando de la Rua and Domingo Cavallo in 2001.
Joaquin Tèmes
Twenty years have passed since Argentina imploded in what has been its worst social and…
Saudi Arabia announces 332 new cases of COVID-19, one more death
MAKKAH: Agriculture is the oldest and most adaptable industry in the world, and some of the earliest cultivation techniques are still widely used. But as nations face future challenges, authorities are turning to more modern concepts…
We will raise infrastructure funds from N13tn pension funds, others – CBN
Posted December 24, 2021
Central Bank of Nigeria Governor Godwin Emefiele said Nigeria plans to finance infrastructure projects with bank and pension funds.
According to him, the federal government is seeking to reduce its external…
Crypto saved the day? Turkey’s trade volume skyrockets
Crypto might be the only way out for people in Turkey looking to escape their currency degradation. As Turkey's national economy collapses, the pound has experienced a massive collapse against the US dollar…
Visualize the $ 94 trillion global economy in one graph
The $ 94 trillion global economy in one graph
See the expanded version of this infographic.
Only four countries - the United States, China, Japan and Germany - account for more than half of world economic output by gross domestic product…
CFPB reaches $40.6 million deal with lender to cease operations | Goodwin
On December 21, 2021, the Consumer Financial Protection Bureau (CFPB) announced that it had reached an agreement with a California-based fintech company that would require the company to stop “(1) making new loans; (2) recovery of…
Cambodia targets hybrid digital currency on blockchain to unbanked
A blockchain-based payment system for the benefit of a large unbanked populationSmall countries have more to gain from digital currenciesLow levels of digital, financial literacy is a challengeBANGKOK, Dec. 22 (Thomson Reuters Foundation)…
CFPB closes payday lender it calls venture capital ‘darling’
The Consumer Financial Protection Bureau has forced payday loan company LendUp to stop making new loans and stop collecting some outstanding loans as part of a resolution to a lawsuit alleging the company s was…
Is Buying Bitcoins a Good Investment?
(MENAFN- CCP Marketing)
Are you wondering if buying Bitcoin is a good investment? If so, here's what you need to know before investing in this virtual currency.
Maybe you already know that Bitcoin…