Posts tagged with "Banking & Finance"



China · 15. August 2020
The yuan is going global at an increasingly faster pace, with the currency's cross-border transactions surging by about 24 percent and becoming the world's 5th most often used payment currency in 2019. Experts said that this trend is partly due to overseas companies being increasingly inclined to shun the US dollar for fear that their business will be affected by the Trump administration's hostile policies toward China. The total amount of cross-border yuan payments and receipts by banks was...
Russia · 09. August 2020
The US dollar has recently been losing value against other currencies, dropping nearly 5% in July, its biggest monthly fall in more than 10 years. This decline is prompting economists worldwide to re-assess the role of the dollar as a global reserve currency, as some countries have resorted to other options in their bilateral transactions. The US dollar’s share of trade between Russia and China fell to a record low of 46% in the first quarter of 2020, according to recent figures provided by...
India · 09. August 2020
International Finance Corporation (IFC), a private equity and venture capital arm of the World Bank Group, is set on climate related investments, with US$20 trillion worth of opportunities in Asia-Pacific and India by 2030. According to the IFC, 60 per cent of the area expected to be urban worldwide by 2030 is yet to be built, as emerging countries develop and migration to cities heightens. This will provide opportunities for US$29.4 trillion of climate-related investments in sectors from...
China · 09. August 2020
Evergrande Group, China’s third-largest property developer by sales, has bought control of a producer of electric vehicles in the country, bolstering its founder’s ambition to diversify from real estate into the emerging industry of next-generation automobiles. The developer will use its subsidiary Evergrande Health Industry Group to pay US$930 million for 51 per cent of National Electric Vehicle Sweden (NEVS), according to a statement to the Hong Kong stock exchange, where it is listed....
India · 09. August 2020
India is going to come out on top in 2019-2020 in terms of economic growth amid the global slowdown, according to the International Monetary Fund's 2019 World Economic Outlook. "India's economy is poised to pick up in 2019, benefiting from lower oil prices and a slower pace of monetary tightening than previously expected, as inflation pressure eases", the report says, forecasting that the country will grow at 7.5 percent in 2019 and 7.7 percent in 2020, thus outstripping the People's Republic...
Russia · 09. August 2020
Ditching the dollar - the move is part of Russia’s desire to hedge against further American sanctions. Central Banks weigh a host of factors—such as stability, liquidity and returns—when managing their foreign reserves. Most opt to hold dollars: according to the IMF, the dollar accounts for 62% of global foreign-exchange reserves. The Central Bank of Russia (CBR), though, must also consider geopolitics. On January 9th it revealed that it had dumped $101bn in dollar reserves last spring,...
Europe · 23. March 2019
Despite cautions from France and Germany Italy became the first G7 nation to sign up for Beijing’s multibillion-dollar Belt and Road Initiative. The deal was struck amid warnings from Rome’s EU partners against negotiating with China alone.
Europe · 09. March 2019
Flirting in the Far East - Italy's government wants to get involved in the Chinese mega-project "New Silk Road" - fat deals beckon. But the warnings from Washington and Brussels are clearly visible.
Europe · 29. January 2019
The crisis currency gold stock market chart is highly sought after on Tuesday. In the morning, the price of a troy ounce (about 31 grams) of the precious metal rose to $ 1,309. This is the highest level since June 2018.
Middle East · 25. January 2019
Switzerland and Iran have developed a payment channel to circumvent US sanctions. This financial mechanism should enable the maintenance of trade between the two states

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