Tag Archives: central bank

Decentralized finance as a new accelerator of globalization

Those who have studied history well may remember the city-states of medieval Europe. Back then, caravans of merchants traveled from one city-state to another, bringing luxuries and news from distant places. It is this way of life that allowed these traders to have freedom of mobility and choice. It is …

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Principle or pragmatism? Big brands are leaving Russia

This article is an on-site version of our The Road to Recovery newsletter. register here to receive the newsletter directly in your inbox three times a week Good evening, McDonald’s, Coca-Cola, PepsiCo, Starbucks, Unilever: The list of mainstream brands leaving Russia has accelerated in recent days, joining what a Yale …

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How the war in Ukraine could boost China’s global financial ambitions

Sanctions imposed in response to Russian President Vladimir Putin’s invasion of Ukraine dealt a devastating blow to his country’s financial system and left the ruble down more than 30% this year, causing currency repercussions from Eastern Europe. But the renminbi, the currency of Russia’s closest strategic ally and main trading …

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Sanctions against Russia highlight the dollar’s exorbitant privilege

Sanctions imposed by the United States and the European Union on Russian banks have made Russian business entities a global pariah, much like North Korea. Importers, exporters and banks in many countries are stuck with receivables, payables and exposures and there is a small fear of large defaults. But in …

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Chinese stocks fall amid geopolitical tensions; focus on the parliamentary meeting

SHANGHAI, March 4 (Reuters) – Chinese stocks fell on Friday amid geopolitical tensions and concerns over the property market, with investors nervously watching for hints of an easing of measures at the next congressional meeting. The CSI300 index (.CSI300) fell 0.9% to 4,509.53 at the end of the morning session, …

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Russia doubles interest rates after sanctions drive down ruble

Russia’s central bank more than doubled interest rates on Monday in a bid to stabilize the country’s financial markets, after unprecedented Western sanctions sent the ruble down as much as 29%. The central bank raised its main interest rate to 20% from 9.5% in an emergency decision, saying “the external …

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Thai fiscal and monetary policy to help ensure a full recovery in 2024 – Finance Minister

BANGKOK: Thailand’s fiscal and monetary policies are still working together to achieve 4 percent economic growth this year and ensure a full economic recovery, its finance minister said Thursday. The central bank had expected Southeast Asia’s second-largest economy, which grew 1.6% last year after a 6.2% contraction in 2020, to …

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Sensex, Nifty end a bit lower; Cement UltraTech, M&M, Infy, RIL weight

India’s stock market continued its lackluster trading for the third straight session as it struggled for firm direction amid the absence of any major developments on the domestic or global front. Additionally, mixed signals from global peers also weighed on the market, with lingering concerns over Ukraine-Russia tensions and fears …

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Asian stocks mixed, US futures plunge as traders weigh Fed minutes, geopolitical concerns; Oil Slumps: Market Recap

Japan’s Topix index fell 0.6%, South Korea’s Kospi index rose 1.2% and Hong Kong’s Hang Seng index rose 0.2%. While S&P 500 and Nasdaq 100 futures fell 0.2%. U.S. stock futures fell and Asian stocks were mixed on Thursday as traders weighed geopolitical concerns and the likely trajectory of Federal …

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GLOBAL MARKETS – Asian stocks fall as US jobs stunner hammers bonds

* Asian stock exchanges: https://tmsnrt.rs/2zpUAr4 * Nikkei Slips, Wall St Futures Flat; China is jumping * Bonds deteriorated after U.S. jobs stun, CPI looms * The euro keeps its gain after the hawkish turn of the ECB By Wayne Cole SYDNEY, Feb 7 (Reuters) – Asian stock markets generally eased …

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Indonesian rupiah businesses amid weak Asian currencies during the holidays

Asian currencies mixed in a thin trade Stocks from Japan, India and the Philippines rise China, South Korea, Malaysia, Taiwan and Singapore are closed for the holidays Feb 2 (Reuters) – The Indonesian rupiah strengthened on Wednesday after the country’s finance minister took a cautious stance on the timing of …

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US stocks reverse heavy losses as buyers step in

Shares on Wall Street ended higher on Monday after investors took advantage of a sharp decline early in the session to snap up discounted stocks. The S&P 500 index stock gained 0.3%, reversing a midday decline of up to 4%. At its lows, the blue-chip U.S. benchmark was more than …

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China’s wild markets raise the stakes for traders buying into the rally

(Bloomberg) — The battle between fear and greed is wreaking havoc on Chinese financial markets. Bloomberg’s Most Read With China bulls finally getting some vindication as the country’s stocks and bonds rally, the past week shows that investors need to be prepared for wild swings. Take Country Garden Holdings Co., …

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Russia proposes to ban the use and mining of cryptocurrencies

Russian c.bank proposes to ban the use of cryptocurrency Regulator warns of financial stability risks Analysts say the wider impact is negligible for now Ban on cryptocurrency exchanges also proposed MOSCOW, Jan 20 (Reuters) – Russia’s central bank proposed on Thursday to ban the use and mining of cryptocurrencies on …

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Asian stocks mixed after China reports slower growth

BANGKOK (AP) — Stocks were mixed in Asia on Monday after China reported its economy grew at an annual rate of 8.1% in 2021, though growth slowed to half that level in the last quarter. . Tokyo, Shanghai and Sydney rose, while Hong Kong and Seoul fell. The weakness of …

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India and Sri Lanka review progress in providing loans worth $1.5 billion | Latest India News

NEW DELHI: India and Sri Lanka on Saturday reviewed progress in providing loans worth a total of $1.5 billion to the island nation for emergency purchases of food, medicine and supplies. fuel to overcome an economic crisis. The matter featured in a virtual meeting between Foreign Minister S Jaishankar and …

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S. Korean won best day in more than a month on rate hike hopes

Thai stocks, baht gain after central bank assurance Singapore stocks gain the most, driven by Singtel’s rise Jan. 11 (Reuters) – The South Korean won dominated the gains of Asian currencies on Tuesday, as bullish economic data raised prospects for higher interest rates, while telecoms stocks held down shares of …

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Turkish Erdogan loses support where he can least afford it

The anger sweeping the highways connecting the Turkish leader’s humble hometown to its lavish accommodations in Ankara’s presidential palace sends a red warning code to Recep Tayyip Erdogan. Tea growers, fishermen, small retailers, cafe staff and gas station attendants – some of the generally low-paid Turks and laborers who have …

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Employees frustrated by inflation

Employees frustrated by inflation – Korea Times Finance 2021-12-17 15:00 Employees frustrated by inflation Bank of England By Lee Kyung-min Inflation is no longer a term used only by researchers to describe the economy, as exemplified by salaried workers clearly experiencing soaring prices of almost all frequently purchased goods and …

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Central bank focuses on growth ahead of rate review

The Bank of Thailand is focused on helping economic growth amid subdued inflation and less worried about the US Federal Reserve’s monetary actions, BoT Governor Sethaput Suthiwartnarueput said ahead of the meeting of bank rate next week. “Most of our rate path will be dictated by national considerations,” Sethaput said, …

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Global stocks are mixed as China prepares to boost markets

BANGKOK (AP) – European stocks and US futures rose on Monday after a lackluster day in Asia, where stocks fell in Hong Kong and Shanghai after struggling Chinese real estate developer Evergrande warned it could running out of money. Take action to reassure investors and avoid blocking growth, The central …

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Vietnam, Taiwan cross US Treasury currency thresholds, but no manipulator labels

The United States Department of the Treasury is seen in Washington, DC, the United States, on August 30, 2020. REUTERS / Andrew Kelly / File Photo Register now for FREE and unlimited access to reuters.com Register now December 3 (Reuters) – Vietnam and Taiwan again crossed US Treasury thresholds for …

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Bangladesh abounds with investment opportunities

Investment opportunities have opened up in Bangladesh for its competitive salaries, strategic location, stable policies, exchange rate and political situation, infrastructure development and huge youth population, said Ahmad Kaikaus, secretary principal of the Prime Minister. In line with its aspirations for higher growth, Bangladesh has set itself a target of …

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Asian FX resists strong dollar, stocks are nervous

Thai stocks hit a high for more than 2 months Singapore posts better than expected third quarter GDP Bank of Korea rate decision expected on Thursday Nov. 24 (Reuters) – Emerging market currencies in Asia were broadly subdued on Wednesday as regional assets remained resilient, even as bets on the …

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Stable stocks, rise in US futures; Cash slip: contract envelope

(Bloomberg) – Asian stocks were flat and US futures rose as traders weighed in on European Covid brakes and the risk of a faster Federal Reserve cut. The Treasury yield curve was almost the flattest since the start of the pandemic. Bloomberg’s Most Read Shares fell in Japan on Monday …

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Second winter of woe threatens the global economy: a green week ahead

(Bloomberg) – The global economy is approaching northern hemisphere winter in disarray, unable to shake off the coronavirus crisis amid persistent supply disruptions, soaring prices and resurgence epidemics. Bloomberg’s Most Read The global surveys conducted this week among purchasing managers probably point in this direction. Among the results expected by …

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The case of the oddly calm inflation rate

INFLATION ON THE RISE around the world, with price increases now exceeding central bank targets. but Japan is a notable resistance. Although policy makers have long sought to generate inflation, consumer prices still refuse to budge. In October, they only rose 0.1% year on year, and inflation, excluding fresh produce …

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North Korea’s elusive cash coupons from A to Z

A photo of the currency bills currently in circulation in North Korea. / Image: Daily NK More than two months have passed since the North Korean authorities issued cash vouchers, or donpyo, to absorb foreign currency. However, most North Koreans are unaware that the coupons were issued. According to several …

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What CBDCs mean for the future of DeFi and Stablecoins

Over the past year, the narrative surrounding central bank digital currencies (CBDCs) has advanced significantly. From an almost entirely conceptual discussion, CBDCs are now in various stages of research and development to determine how they might work in practice. The Chinese digital yuan is currently leading the pack. After several …

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Experts call for a boost to green finance

MA XUEJING / CHINA DAILY Risk mitigation, innovative products are among the main recommendations China should improve the risk mitigation mechanism of green finance and develop innovative financial products whose underlying assets are energy equity such as emission credits and energy consumption quotas, to achieve a peak carbon emissions by …

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Why Washington Is Worried About Stablecoins

Stablecoins might be the most ironically named innovation of the cryptocurrency era, at least in the eyes of many regulators and policymakers in Washington. These digital currencies promise to maintain their value, which is usually tied to a government currency like the dollar or the euro, by relying on stable …

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Chinese credit beats Asian peers as Huarong worries fade

(Bloomberg) – Despite China’s regulatory crackdown on private companies and the China Evergrande group’s worsening woes, the nation was the place to go in Asia for corporate bond yields in August, and the optimism could persist. That’s because one of the worries hanging over the nation’s bond investors eased after …

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Stocks stretch gains, hovering near record highs

Stocks gained on Tuesday, hovering near all-time highs as optimism about earnings and the economic reopening at least temporarily offset lingering concerns about the virus and monetary policy changes. The S&P 500 rose slightly. Major tech stocks including (AMZN) increased their gains and the Nasdaq outperformed to set an intraday …

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Know your know-how

Know your know-how

Sakchai Peechapat, CEO of Tisco Financial Group. Tisco Financial Group plans to leverage its expertise in auto lending and wealth management to expand its business once the pandemic is under control, managing director Sakchai Peechapat told the Bangkok Post in an exclusive interview. Car lending is the group’s core business …

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Don’t use crypto for payments

The Bank of Thailand (BoT) claims that companies requesting “digital assets such as bitcoins and ether as payment for goods and services’ are fighting for a bruise. The central bank said Thursday that it will coordinate with Thailand’s Securities and Exchange Commission to mitigate risks associated with the country’s financial …

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Prayut’s government stuck in a self-made trap

People get Covid vaccines on May 30 at CentralWorld. Spiraling infections and jab shortages can lead to political upheaval. VARUTH HIRUNYATHEB Thailand’s multi-layered crises, from persistent viral infections and vaccine shortages to economic damage, are turning into a potential political upheaval. The devastating Covid-19 crisis is worse than Tom Yum …

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Growing confidence drives stocks up

If you build a sandbox, will they come? Recap: Global stocks extended their record highs with the MSCI All Country World Index, poised for a fourth weekly advance amid rising confidence. European stocks rallied after the European Central Bank raised its inflation forecast and renewed its pledge to aggressively buy …

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Firm backs 2.25 billion baht for employment plan

Firm backs 2.25 billion baht for employment plan First group of new graduates to benefit The cabinet on Tuesday approved the allocation of 2.25 billion baht from a central budget earmarked for emergency purposes in fiscal year 2021 to hire 10,000 new college graduates for a year, with the aim …

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FirstFT: Today’s best stories | Financial Time

Hello. This article is an on-site version of our FirstFT Asia newsletter. register here to receive the newsletter directly in your inbox every weekday morning The G7 tax deal struck by the world’s leading advanced economies this weekend is the first substantial evidence of relaunched international cooperation since President Joe …

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