With junk bonds, Greece is a special case

A fishmonger was selling his wares at the Varvakeios food market in Athens yesterday. Inflation spurred by rising energy costs is a factor that will contribute to looser fiscal rules through 2023. (YIANNIS DIMITROPOULOS/INTIME NEWS) Even if the final decision is expected in May, we can take for granted that the European Commission will... Read More

Emirati company e& seeks to grow beyond telecommunications and expand its international presence

The UAE’s largest telecom operator, e&, formerly known as Etisalat, is targeting international expansion, greater market share and acquisitions to drive growth across all business segments, said declared its president. The group, which has restructured itself as a global technology and investment conglomerate, will seek to seize regional growth opportunities while seeking markets beyond,... Read More

Gulfood 2022: UAE F&B companies working on ways to ease consumer food bills

Dubai: Food traders and retailers in the United Arab Emirates have a challenge: how can they control food prices? And if they have to raise the prices of their products, how do they ensure that this will not harm consumers? Because food prices around the world are rising, with the food price index –... Read More

Internet banking is thriving | The star of the day

The shift from manual banking to its digital means is certainly not a new phenomenon for the banking industry in Bangladesh. But the advent of the coronavirus pandemic has caused customers from all walks of life to focus on online banking to reduce the risk of contracting the deadly flu. Transactions through online banking... Read More

Sri Lanka says it won’t rush to IMF despite rising economic risks

Sri Lanka to try to boost national economy first – official Economy under increasing pressure as reserves run out Imports are stuck in containers and inflation has surged Despite pressure, country won’t rush to IMF for help COLOMBO, Feb 11 (Reuters) – Sri Lanka’s foreign exchange reserves are collapsing, essential imports are stagnating and... Read More

EDB disburses over Rs. 200 million in assistance to potential and existing exporters

The Export Development Board (EDB) has recognized potential and existing exporters under its financial assistance programs on National Export Brand Development, New Exporter Development and Access Support to the markets. Over Rs. 200 million has been disbursed under these initiatives. Checks and certificates to exporters who have been selected as... Read More

IMF Executive Board Approves $1 Billion Disbursement for Pakistan

WASHINGTON, Feb 2 (Reuters) – The International Monetary Fund said on Wednesday its board had approved a $1 billion disbursement to Pakistan after completing a sixth review of the country’s reforms under its lending program. of $6 billion. The disbursement brings Pakistan’s total drawdown from the Expanded Funding Facility program for budget support to... Read More

Cowen Fixed Income Outsourced Trading continues its team

LONDON and NEW YORK, 02 Feb. 10, 2022 (GLOBE NEWSWIRE) — Cowen (NASDAQ: COWN) (“Cowen” or the “Company”) today announced the expansion of its outsourced fixed income trading team with the appointment of John Orrock as as Managing Director. He will be based in the UK and will report directly to Joram Siegel, Head... Read More

Mr. Shane Tedjarati, former President and CEO of Honeywell Global High Growth Regions, joins VS Partners as President

HONG KONG, January 21, 2022 /PRNewswire/ — Mr. Shane Tedjarati, recently retired as President and CEO of Global High Growth Regions at Honeywell International Inc. (“Honeywell”) (NYSE: HON), joins VS Partners LLC (“VS Partners”) in January 2022 as president. VS Partners is a values-based asset management firm that invests globally, primarily through an outsourced... Read More

Global PR Network Kicks Off 30th Anniversary Adding Three Agencies in Middle East and Spain

NEW YORK and LONDON, January 10, 2022 / PRNewswire / – The Public Relations Global Network (PRGN) today announced it has added three new agencies to the Middle East and Spain to its global network, thereby strengthening its ability to serve customers around the world. The expansion marks the 30e anniversary of the global... Read More

Volvo Cars retail sales jump 27% in 2021 in India

Luxury automaker Volvo Car India said on Thursday its retail sales rose 27% to 1,724 units last year from 2020. The Swedish manufacturer sold 1,361 cars in 2020. Last year’s sales growth was driven by the company’s SUV portfolio, with the company’s mid-size SUV XC60 becoming the best-selling model, followed by the compact SUV... Read More

Port of Napier bets on return of international cruise ships as 6 Wharf expansion draws to a close

6 The wharf is almost there – construction of the wharf began in early February 2020 and is expected to be completed by the second half of 2022. Photo / Supplied The Port of Napier Managing Director said he expects cruise ships to return to Napier later this year, just in time for the... Read More

True Global Ventures Continues Global Expansion with $ 25 Million Investments

True Global Ventures 4 Plus is a Singapore-regulated venture capital fund that invests in late-stage Web3 blockchain companies from serial entrepreneurs on a global scale, now with an increased presence in the United Arab Emirates and Spain. True Global Ventures 4 Plus (TGV4 Plus) Fund is currently investing around US $ 25 million in... Read More

US Retail Sales Slow With Vacation Buyers Facing Inflation And Shortages

Retail sales edged up at the start of the holiday season as shoppers faced rising inflation and supply shortages, and some bought gifts earlier. Sales at retail stores, online vendors, and restaurants in the United States seasonally adjusted 0.3% in November compared to the previous month, the Commerce Department said on Wednesday. This was... Read More

NOTICE – Electronic Hong Kong Dollar (e-HKD): another CBDC project in Hong Kong.

The Hong Kong Monetary Authority (HKMA) first discussed its project to explore a digital currency (electronic Hong Kong dollar or e-HKD) as part of its Fintech 2025 strategy unveiled in June. Following this, on October 4, the HKMA released a technical white paper on its retail central bank digital currency (CBDC), titled “e-HKD: A... Read More

Biden warns Putin of sanctions and Ukrainian military aid in case of invasion of Russia

Biden, Putin hold two-hour video call on relationship crisis US says allies would back Ukraine if Russia attacks Putin calls for guarantees of NATO’s non-expansion in the East – Kremlin The two parties agree to continue contacts, to consult the teams WASHINGTON / MOSCOW, Dec. 7 (Reuters) – President Joe Biden on Tuesday warned... Read More

Smart Credit Score Urges Australians to Fight Payday Financing

Smart Credit Score Urges Australians to Fight Payday Financing Sydney, Australian Continent, August 18, 2015: Customer support, from a credit score perspective, actually demanded a better understanding of the risks associated with payday credit and its potentially adverse effect on economic well-being long-term Australian consumers. Research shows consumers experience a drop of $ 228... Read More

Anonymous content, Federation Entertainment launches French TV company – Deadline

EXCLUSIVE: The American management and production house Anonymous Content has joined forces with the European company Federation Entertainment to launch the French television label Anonymous / Federation. The company is the latest joint venture between Real detective and Bad robot Anonymous producer and an international company, joining AC Nordic, AC Brazil and Chapter One... Read More

Plant-based meat loses its enthusiasm in the United States as sales plummet

Plant-based meat is losing its enthusiasm, with falling sales in the United States clouding expectations that the nascent category would take a share of the actual animal meat market. In the four weeks leading up to Oct. 3, sales of plant-based meat substitutes fell 1.8% from the previous year, bringing a decline for 2021... Read More

Benchmark yields ease as inflation pressures ease

The yield on 10-year US Treasuries fell almost 6 basis points to 1.46%. Benchmark yields have fallen 8 basis points in the past few days, with a cut of more than 5 basis points seen on Monday, as investor sentiment improved after the government cut tariffs excise duty on fuel and a sharp drop... Read More

Latest Updates: Electric Vehicle Maker Rivian Increases IPO Target Price Range

Average UK house prices hit a record high of £ 270,000 as prices defied expectations of a slowdown after the stamp duty holiday ended. The Halifax home price index rose 8.1 percent in October from the same month last year, rising 7.4 percent the month before and marking the fastest pace since June. The... Read More

Affordable housing: a billion dollar opportunity

In the 50 years since independence, Bangladesh has enjoyed great success in the development of the country. There have been significant improvements in access to food, security, health care and education, which have led to an overall increase in living standards and a decrease in poverty rates. However, not all sectors have evolved in... Read More

UK’s First Gigafactory Ready for Huge Expansion

The Chinese company behind the UK’s only gigafactory is planning a huge expansion of the project and is looking to create its battery division for electric vehicles as it expands its European business. Zhang Lei, managing director of Envision, said the annual capacity of the Sunderland facility will eventually reach 38 gigawatt hours, allowing... Read More

International Business Machines: Major Financial Institutions Release Detailed Report on Central Bank’s First Digital Currency Experiment to Settle French Government Bonds

Paris, October 19, 2021 – A consortium of institutions led by Euroclear successfully experimented with central bank digital currency (CBDC) for the settlement of French Treasury bonds on a test blockchain. The experiment, sponsored by the Banque de France, included Agence France Trésor, BNP Paribas CIB, Crédit Agricole CIB, HSBC, Société Générale. IBM (NYSE:... Read More

all’s well That ends well

Emerging market bonds have had a rough time recently, with the perfect issuance conditions of a few weeks ago deteriorating in the face of rate cuts, lower Fed expectations, turmoil in China, challenges in the world. global supply and inflationary concerns. Thursday, however, brought much needed relief. A practical US Treasury rally provided fertile... Read More

Australian DTC wine sales increase 17%

This in a context where overall wine sales in the industry increased by 1%. According to Wine Australia 2021 Direct Consumer Wine Survey Report, Online and cellar door sales experienced the strongest growth in value of DTC channels in 2020-2021. The survey showed that the turnover of cellar door sales increased by 22%, while... Read More

Treasury moves M-Akiba from NSE to Central Bank

By JAMES ANYANZWA The Kenya National Treasury has moved the issuance of its mobile government bond program, known as M-Akiba, to the Central Bank, away from the Nairobi Securities Exchange and the Central Depository and Settlement Corporation. . This is after the initial retail bond failed due to poor timing, misunderstanding of the product,... Read More

FEATURED: The journey of electronic transaction interoperability in Rwanda in the eyes of RSwitch | New times

The interoperability of electronic transactions remains one of the barriers to the ease of doing business in Rwanda, hampering the country’s ambitions to become a cashless economy. The solution allows customers of different financial service providers to exchange financial transactions with each other, for example by making direct transfers from the mobile money account... Read More

Differences of opinion on interest rates appear between business leaders and economists

Economists are still convinced that the Reserve Bank should raise interest rates – but business leaders are rather chilling at the idea. That’s a conclusion to be drawn from the latest NZIER Shadow Board publication ahead of Wednesday’s decision on the Reserve Bank’s official cash rate (RBNZ). The NZIER has an unofficial panel –... Read More

KMC and Elbit Systems of America Announce Business Expansion

MERRIMACK, NH – (COMMERCIAL THREAD) – KMC Systems, a leading engineering design and manufacturing company focused on the creation of complex medical instruments, and the medical division of Elbit Systems of America (“Elbit America”), announced today hui the opening of a new business innovation center located in Cambridge, Massachusetts. Elbit America’s expansion to Cambridge... Read More

As Polaris Bank’s VULTe redefines digital banking

Banking Polaris Bank’s massive investment in basic IT infrastructure gave impetus to what has become today a stable financial service for its clients, with the VULTe platform becoming the new bride of the digital banking ecosystem, writes Nume Ekeghe Recently, the Nigeria Inter-Bank Settlement System (NIBSS), in its report titled: “Instant Payments – Annual... Read More

India’s exposure to US stocks exceeds $ 20 billion in 3 months

India’s holdings of U.S. government securities jumped from over $ 20 billion in just three months at the end of June to $ 220.2 billion amid rising foreign exchange reserves. Compared with June of last year, when most economic activity was ravaged by the coronavirus pandemic, India’s exposure to US Treasuries jumped by nearly... Read More

How US payment groups got on the wrong side of India’s plans

In mid-2018, Ajay Banga, then CEO of Mastercard, enthusiastically championed Indian Prime Minister Narendra Modi’s efforts to promote electronic payments in the country’s cash-dominated economy. Modi “gets it,” he told an audience in New York City, highlighting the role of cash in everything from terrorist financing to the illegal drug trade. Three years later,... Read More

BMS Re Unveils Bermuda Office As International Expansion Continues

BMS Re has inaugurated a new office in Bermuda, headed by Adam Mullan, who is its executive director. BMS Re has already established a major hub in the United States, headed by Pete Chandler, and also has operations in London and Europe headed by Hannah Watkins and Andrew Wheeler. It has recently expanded to... Read More

Crypto experts in demand as countries launch digital currencies

Monetary authorities around the world are rushing to design digital currencies, and many are wondering: who knows how to do this? Some of the first governments to go digital have found an answer among cryptocurrency enthusiasts. For those rebels to traditional approaches to finance, the digital trend presents an opportunity to create virtual money... Read More

Sheikh Mohammed approves Dubai International Chamber board and advisory board – news

The Dubai International Chamber will develop plans to strengthen partnerships with global companies. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, approved the board and advisory board of the new Dubai International Chamber in a recent government restructuring which aims... Read More

Jihadists extend their control to new Burkinabé fronts

BANFORA, Burkina Faso (AP) – Florent Coulibaly, a soldier in the Burkina Faso army, says he has not been sleeping well for a few months as he is often woken up at 3 a.m. to fight jihadist rebels. Until recently, life was peaceful in Comoe province in western Burkina Faso, but an increase in... Read More

ASOS sees sales growth slowing amid COVID-19 uncertainty

Total sales up 21% in four months to June 30 Exchanges over the past three weeks are more discreet Annual profit forecast in line with expectations Equities down 8.4% LONDON, July 15 (Reuters) – Online fashion retailer ASOS announced a 21% increase in sales in the four months to June 30, but said trading... Read More

Phil Washington Confirmed As New CEO of Denver International Airport | Business

Phil Washington has been confirmed as the new CEO of Denver International Airport after receiving unanimous approval from Denver City Council on Monday. Washington, who was nominated for the post by Mayor Michael Hancock, is the first appointed mayor to be approved in a council hearing since voters granted council confirmation authority in the... Read More

Discount stores sell unloaded inventory

Hilco Global and Gordon Brothers Group usually come into the picture when it’s time to open sales and roller shutter stores. A sign of how much the pandemic has turned retailing around, they have started to open them. The covid-19 crisis, which sparked a wave of retailer bankruptcies and nationwide closures, has swallowed up... Read More

Help expected for the start of the school year

The retail industry is set to have its biggest back-to-school shopping season in at least five years, driven by parents and students who are ready to prepare for the in-person classroom experience after a year of virtual learning. Spending is expected to reach $ 32.5 billion, up 16% from 2020 and 17% from 2019,... Read More

IMF Board Backs $ 650 Billion Aid Plan to Help Poor Countries

VENICE, Italy – The International Monetary Fund took a step on Friday toward easing widening global inequality and helping poor nations access vaccines, saying that its executive board approved a plan to issue $ 650 billion worth of reserve funds, which countries can use to purchase vaccines, finance health care and pay down debt.... Read More

Abu Dhabi Cricket Plans Expansion With ‘Oval Of Tolerance’ Set To Release

The United Arab Emirates (UAE) has recently become the hub of cricket with more and more matches scheduled in the region, which has put a lot of pressure on three grounds: Dubai, Sharjah and Abu Dhabi. As a result, Abu Dhabi Cricket (ADC) expanded its operations and opened Tolerance Oval, a lighted and broadcast-ready... Read More

Seraph Aviation Group places two A320-200s with Pakistan International Airlines

DUBLIN, June 21, 2021 / PRNewswire / – Seraph Aviation Group, the specialist aviation asset manager headquartered in Dublin, Ireland, is pleased to announce, following an open tender process, that it has successfully placed two A320-200s with Pakistan International Airlines. Pakistan International Airlines initially bid for eight narrow-body aircraft and received nearly 130 bids.... Read More

Francesco Vanni d’Archirafi appointed new Chairman of the Euroclear group

Corporate governance reforms completed, subject to shareholder approval BRUSSELS, June 15, 2021 / PRNewswire / – Euroclear is pleased to announce the appointment of Francesco Vanni of Archirafi as Chairman of the Boards of Directors of the Euroclear Group, subject to shareholder approval at the the general meeting of shareholders of the company on... Read More

Bts retail sales increase 5.5% – WWD

For the next school year, Mastercard sees the retail trade getting fairly high marks. Mastercard Spending Pulse, which measures in-store and online retail sales for all forms of payment, predicts 2021 bts sales at U.S. retailers to grow 5.5% from the 2020 season and 6.7% % compared to the 2019 season. Mastercard defines the... Read More

Powermat Technologies Announces Investment in Shenzhen, China, Opens New Chinese Office, To Increase Expansion Of Wireless Charging Technology In The Region

Copyright 2021 PR Newswire. All rights reserved2021-06-09 Growing demand for wireless energy innovation in the areas of mobility, autonomous robots, intelligent IoT sensors and medical devices leads Powermat to expand its local presence with a new official innovation office in Shenzhen, china. TEL AVIV, Israel, and SHENZHEN, China, June 9, 2021 / PRNewswire /... Read More

Pep Boys is closing more stores

Pep Boys – Manny Moe & Jack, the iconic Philadelphia company that celebrates its 100th anniversary by keeping drivers on the road – continues to close its familiar auto parts stores, as owner Icahn Enterprises leaves retail to focus on repairs and the sale of tires, employees say. Staff at the company’s Cherry Hill... Read More

Rebranded Otonomee sets ambitious global expansion plans

Client management company Otonomee has set out an ambitious growth plan for the next 12 months with work underway to expand into Portugal. The company was founded by Aidan O’Shea, the former Managing Director of VoxPro, and Hilary O’Shea, a husband and wife team based in Cork. The pair bought Shockvoyce from VoxPro founders... Read More

Hockley confirmed as full-time CEO of CA

Nick Hockley, who had served as Cricket Australia’s interim managing director for almost a year, was officially appointed to the post today. Hockley, who has held the post since the departure of his predecessor Kevin Roberts in June 2020, received unanimous approval from the CA Board of Directors after a recruitment search in which... Read More

QIB customers can now redeem Absher points for QIB gift cards through the QIB mobile app

Qatar Islamic Bank (QIB) announced a new update to its Absher rewards program, adding the ability for customers to redeem their Absher points in real time for QIB Hadiyati prepaid gift cards with a QR 200 credit. at 5,000 QR. The Hadiyati Card is an ideal way to give or reward loved ones with... Read More

Storable AIFs: the next frontier of investment?

Over the past few years, we have witnessed disruptive trends in the investment community: access to financial products is now more inclusive, innovation comes first, and awareness of the importance of investing is at an all time high. . It is the era of the democratization of finance. This democratization had two subsequent consequences:... Read More

UnionBank aims to be fully hosted in the cloud

Amazon Web Services Inc. said Union Bank of the Philippines will migrate its on-premises IT infrastructure to the world’s first cloud by 2022. The migration aims to accelerate the digital transformation of the bank, improve digital banking experiences for clients and strengthen financial inclusion in Philippines by bringing financial services to remote areas of... Read More

Dragonfly Biosciences Launches Global Awareness in Australia

LONDON, April 22, 2021 / PRNewswire / – Dragonfly Biosciences United Kingdom, the makers of a leading line of CBD oils and skin care products from seed to storage have entered into a non-exclusive distribution agreement with Health House International Australia, allowing the sale of over-the-counter Dragonfly CBD oils in Australia. The partnership stems... Read More

Maple bonds resume as foreign entities issue debt in Canadian dollars

A favorable borrowing environment and strong investor demand are causing a resurgence of the “maple” bond market, as major banks and foreign corporations rush to issue bonds denominated in Canadian dollars to domestic institutions. In the first three and a half months of 2021 alone, $ 8.6 billion in maple bonds were issued by... Read More

AdvanceTC has received DWAC / FAST eligibility approval from DTC

Bloomberg Falling rupee now hurts some of the worst bonds in Asia: Indian credit (Bloomberg) – A fall in the rupee worsens the fall in dollar banknotes of Indian companies which are now among the worst performing in Asia, as companies hedge less and stocks fell around 0.1% in April, worse from a gain... Read More

US economic system leads world restoration from pandemic

America’s rise is ending – no less than for now – China’s lengthy reign as the first engine of the $ 90 trillion world economic system. The Biden administration’s gratuitous spending – coupled with the Federal Reserve’s extraordinarily low rates of interest – is fueling the burgeoning U.S. increase and lifting different international locations,... Read More

Stripe Goes Merchant Cash Advances with Stripe Capital – Digital Transactions

Large e-commerce processor Stripe Inc. on Thursday introduced Stripe Capital to its U.S. merchants, joining rivals such as Square Inc. and PayPal Holdings Inc. in funding its merchants. “Stripe Capital makes it easy for Internet businesses to get the funds they need, when they need it,” Will Gaybrick, chief product officer of San Francisco-based... Read More

Colusa Casino Resort announces SmartAdvance promotion

Innovative payment solutions Las Vegas, NV (PRWEB) Jan. 7, 2011 From January 10 until the end of February, Colusa Casino Resort is running a “SmartAdvance” promotion to reward customers who want to get money for their gaming entertainment. “We are always looking for unique ways to reward our most valuable customers and increase our... Read More

Duterte criticizes western companies for requesting payday advance on COVID vax

Western drugmakers must be crazy if they expect the Philippine government to pay for a vaccine even before it produces one, President Rodrigo Duterte said in a speech released publicly late last night. “Other countries want cash advances before delivering a vaccine. If so, then all Filipinos will die… we might as well kiss... Read More

JCDecaux partners with MyPayNow to distribute data in real time

JCDecaux has developed a dynamic digital campaign with live hourly data where commuters can access their money from MyPayNow while waiting for the bus. As part of an exclusive nationwide poster campaign, JCDecaux’s digital SMARTFRAME resources broadcast bus arrival times, letting commuters know how far their next bus is and how easy it is... Read More