Stories Tagged: finance

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US Imposes Sanctions on Gazprombank to Curb Russian War Financing

In a significant escalation of economic measures against Russia, the United States imposed... (33 revisions)

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Exploring the Top 10 Financial Capitals Driving Global Economy

In the ever-evolving landscape of global finance, certain cities stand out as pivotal hubs that... (30 revisions)

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Could Hong Kong Property Tycoons Revive the IPO Market?

Hong Kong's IPO market is showing signs of revival, bolstered by the backing of local... (34 revisions)

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Alibaba's $5 Billion Bond Offering Strengthens Hong Kong's Financial Hub Status

On November 20, 2024, Alibaba Group Holding successfully raised US$5 billion through a... (40 revisions)

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Shake It Up: The Bloomberg Open, Americas Edition - A Comprehensive Analysis of Finance, Market, and Geopolitics

Bloomberg has released a new edition of their newsletter titled 'Shake It Up: The Bloomberg... (2 revisions)

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Block Invests AUD$3M in Indigenous Business Sector in Australia

Block, Inc. is investing AUD$3 million in capital to First Australians Capital (FAC), a national... (2 revisions)

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Andrea Armeni, NYU: On a Quest to Transform Finance

Andrea Armeni, co-founder of Transform Finance, believes that impact investing should go beyond... (2 revisions)

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Investment Strategies and Challenges for Local Authorities in 2024

The year 2024 is shaping up to be pivotal for local government finance, particularly in the... (2 revisions)

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Implicit Assumptions and Their Impact on Shipping, Finance, and Decarbonization

A recent article by Pierre C. Sames on Splash247 [ab056724] highlights the issue of implicit... (3 revisions)

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Kiwibank Cuts Home Loan Rates Amid Falling Wholesale Rates

Kiwibank has announced a reduction in its fixed home loan rates, aligning with recent decreases... (3 revisions)

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The Rise and Success of Renaissance's Medallion Fund

October was a challenging month for equities, with the FTSE falling 3.7% and the S&P 500... (3 revisions)

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How Will the Upcoming Election Affect the American Superyacht Market?

The American superyacht market is currently navigating a landscape of uncertainty, particularly... (4 revisions)

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SAS Completes Chapter 11 Bankruptcy Exit and Restructuring

Scandinavian airline SAS has successfully exited Chapter 11 bankruptcy proceedings after more... (4 revisions)

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Trump Appeals $454 Million Fraud Verdict Amidst Legal and Financial Turmoil

Donald Trump’s legal team is currently appealing a $454 million civil fraud verdict in New York,... (5 revisions)

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The Growing Financial Struggles of Black Retirees in America

As of 2022, racial and ethnic minorities made up 1 in 4 adults aged 65 and older, highlighting a... (5 revisions)

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Mozambique's Sovereign Fund Sees $134.6 Million Revenue Growth in 2024

Mozambique's Sovereign Fund has reported a significant revenue intake of $134.6 million from oil... (5 revisions)

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Tether Reports Record Profits Amid Regulatory Scrutiny

Tether Holdings Ltd., the issuer of the USDT token, has reported a remarkable nine-month profit... (5 revisions)

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Aleo Blockchain: Transforming Research, Retail, Finance, and the Music Industry with Privacy and Security

Aleo, an innovative blockchain project, is revolutionizing decentralized applications (dApps)... (6 revisions)

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China and U.S. Strengthen Financial Ties at Recent Working Group Meeting

The sixth meeting of the China-U.S. Financial Working Group took place in Washington D.C. on... (6 revisions)

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The Economic Impact of Double Taxation on American Expats

As discussions surrounding the possibility of Texas seceding from the United States continue, a... (6 revisions)

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RHB Achieves Triple Gold at The Edge Malaysia ESG Awards 2024

Ranhill Utilities Bhd, a leading company in Malaysia's utilities sector, has been awarded the... (6 revisions)

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Brett Girard's Top Picks and Market Insights for November 2024

Brett Girard, CFO and portfolio manager at Liberty International Investment Management, shared... (6 revisions)

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Meghalaya's Fiscal Health: Confusion Amidst Contradictory Statistics

In Meghalaya, citizens are grappling with conflicting statements regarding the state's fiscal... (6 revisions)

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Guernsey's Economy Faces Challenges Amid Finance Sector Decline

Guernsey's economy has experienced a contraction of 2% in real terms in 2023, primarily... (7 revisions)

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Goh Betoch Bank Collaborates with US Firm to Combat Ethiopia's Housing Crisis

In a significant move to address Ethiopia's pressing housing crisis, Goh Betoch Bank (GBB) has... (7 revisions)

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UNAM Students Triumph in Investment Challenge with N$30,000 Prize

In a remarkable display of financial acumen, the University of Namibia (UNAM) team known as Big... (8 revisions)

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UAE Amends VAT Law to Boost Investment and Innovation

In a significant move to enhance its investment environment, the UAE has amended its VAT law to... (8 revisions)

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Understanding Inflation: Causes, Effects, and Management Strategies

Inflation is defined as a general and continuous increase in prices of goods and services,... (8 revisions)

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Kuwaiti Dinar Maintains Status as Strongest Currency Amidst Global Economic Changes

The Kuwaiti Dinar (KWD) has been reaffirmed as the world's strongest currency, valued at... (9 revisions)

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Indonesia's Prabowo Subianto Tackles $186 Billion SOE Debt Amid Green Fund Plans

Indonesia's President-elect Prabowo Subianto is navigating a complex economic landscape as he... (9 revisions)

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Can Elon Musk's Political Ties Revive X's Financial Prospects?

Elon Musk's political rise is raising hopes for Wall Street banks to offload approximately $13... (10 revisions)

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COP16 Summit Concludes with Key Genetic Data Deal Amid Security Concerns

The COP16 conference in Cali, Colombia, concluded on November 2, 2024, amid significant security... (10 revisions)

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Understanding the Rise and Risks of Payment Apps

Payment apps like PayPal, Venmo, and Cash App have surged in popularity, with nearly 75% of U.S.... (10 revisions)

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Chinese Investors Shift Strategies Post-P2P Lending Scandal Amid Economic Turmoil

The collapse of China's P2P lending industry has left a significant mark on investor behavior,... (11 revisions)

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Cambodia's Public Debt: A Low-Risk Outlook Amid Growth

As of the second quarter of 2024, Cambodia's public debt has reached US$11.27 billion, with a... (11 revisions)

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Treasury Estimates US$25 Million Needed for National Sports Stadium Revamp

Zimbabwe's Finance Minister Mthuli Ncube has announced that an estimated US$25 million is... (11 revisions)

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Bangladesh State Minister for Finance Calls for Effective Financial Management for Stable Economy

Bangladesh State Minister for Finance, Waseqa Ayesha Khan, has called for the creation of a... (12 revisions)

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EBRD Approves $20 Million Financing for Tajikistan's First MicroFinanceBank

The European Bank for Reconstruction and Development (EBRD) has approved a financing package of... (13 revisions)

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Ronnie O’Sullivan's Move to Hong Kong: A Strategic Tax Escape?

In a significant development, seven-time snooker champion Ronnie O’Sullivan has relocated to... (13 revisions)

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UBA Expands into Saudi Arabia Amid Record Profits

The United Bank for Africa (UBA) Plc is set to open a subsidiary in Saudi Arabia, marking its... (14 revisions)

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Norfolk Southern Promotes Jason Zampi to Senior Vice President Finance & Treasurer

Norfolk Southern Corporation has announced the promotion of Jason A. Zampi to the position of... (14 revisions)

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China and Saudi Arabia Strengthen Financial Ties Amid Global Changes

In a significant development reflecting the evolving financial landscape, China's Ministry of... (15 revisions)

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PwC's Strategic Shift Following Evergrande Audit Scandal and Penalties

PricewaterhouseCoopers (PwC) is undergoing significant changes in leadership and strategy in... (15 revisions)

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Luxembourg Tops Global Wealth Rankings, Leaving UK Behind

In 2024, Luxembourg has been recognized as the world's richest country, boasting a GDP per... (16 revisions)

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GSK to Pay £1.7bn to Settle Tens of Thousands of Zantac Lawsuits

GlaxoSmithKline (GSK) has reached a significant settlement agreement to pay up to $2.2 billion... (16 revisions)

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Equipment Leasing and Finance Trends: September 2024 Insights

The Equipment Leasing and Finance Association (ELFA) reported a notable increase in demand for... (17 revisions)

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KKR Reports Record Earnings Amid US Dealmaking Surge

KKR, a leading private equity firm, has reported a remarkable 58% increase in earnings for the... (17 revisions)

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IMF and World Bank's spring meetup in Egypt focuses on business, finance, and policy news from the Arab world

The IMF and World Bank's spring meetup is currently taking place in Egypt. It is day three of... (18 revisions)

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DeepMind's Student of Games, Vietnamese Scientists' AlphaGeometry, and Google's SIMA AI Tool for Video Games

DeepMind, an AI company known for its groundbreaking research in artificial intelligence, has... (18 revisions)

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Apollo Acquires UK’s Evri For $3.47 Billion, Reshaping the Logistics Sector

Enviva Inc (EVA), a company in the Lumber & Wood Production industry, has experienced a... (18 revisions)

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China's Ultra-Long Special Bonds: A Strategic Economic Move

In 2024, China has made significant strides in its financial strategy by issuing 1 trillion yuan... (19 revisions)

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Future Fund's Strategic Shift Amid Inflationary Pressures

The Future Fund of Australia has reported an impressive 11.9% return for the year ending... (20 revisions)

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Fruits of Economic Recovery: Government Measures and Impact on Citizens

On November 6, 2024, Federal Finance Minister Muhammad Aurangzeb announced that the Pakistani... (21 revisions)

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Is the Rs 5,000 Banknote Hindering Pakistan's Economic Growth?

On October 13, 2024, Dr. Shahid Rasheed Butt, former President of the Islamabad Chamber of... (22 revisions)

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Robinhood's Earnings Shortfall Leads to Significant Stock Drop

Robinhood's recent third-quarter earnings report has sent shockwaves through the market, as the... (23 revisions)

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US Cancels $1.1 Billion Debt for Somalia: A Major Financial Relief

On November 5, 2024, the United States officially canceled over $1.1 billion of Somalia's debt,... (24 revisions)

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Jamaica's Economic Resilience: A 50-Year Milestone

Jamaica has successfully secured US$1.2 billion in rainy day funds from the International... (24 revisions)

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VersaBank Receives Canadian and U.S. Regulatory Approvals for Acquisition of Stearns Bank Holdingford

VersaBank, a Canadian bank, has received final approval from the Office of the Comptroller of... (24 revisions)

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How Beijing's Influence is Reshaping Hong Kong's Financial Landscape

Hong Kong's transformation from a global East-meets-West investment hub to a predominantly... (26 revisions)

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Beijing's Financial Strategy: Qi Bin Joins Hong Kong Liaison Office

In a significant move for Hong Kong's financial landscape, Qi Bin, a prominent figure in China's... (26 revisions)

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Thailand's Economic Boost: Cash Benefits for Elderly Ahead of Chinese New Year

Thailand is set to introduce virtual banking services by 2025, with the Bank of Thailand (BOT)... (27 revisions)

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How Will the Expanded CEPA Impact Hong Kong's Economic Landscape?

In a significant development for Hong Kong's economy, the Closer Economic Partnership Agreement... (27 revisions)

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Vivian Tu: Bridging the Gap in Financial Literacy for All

Vivian Tu, widely recognized as 'Your Rich BFF,' has emerged as a prominent figure in personal... (29 revisions)

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Djibouti's Economic Diversification and Cooperation with China

Former U.S. Special Envoy for the Sahel and Great Lakes Regions of Africa, Peter Pham,... (29 revisions)

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Turkish Airlines Eyes Acquisition of Pakistan International Airlines Amid Economic Reforms

On September 23, 2024, Turkish Airlines expressed interest in acquiring Pakistan International... (32 revisions)

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Senator Durbin Backs Illinois Interchange Law Amid Legal Challenges

U.S. Senator Dick Durbin has shown his support for the Illinois Interchange Fee Prohibition Act... (38 revisions)

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Will Interest Rate Cuts Encourage Homebuyers in South Florida?

The U.S. housing market, long considered frozen due to high mortgage rates and economic... (38 revisions)

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How Can Hong Kong Leverage Its Unique Strengths for Future Development?

As China commemorates the 120th anniversary of Deng Xiaoping's birth on August 22, 2024,... (45 revisions)

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Goldman Sachs to Cut Jobs Amid Record Profits: What to Expect

Goldman Sachs is set to lay off several hundred employees as part of its annual talent review... (47 revisions)

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Pension Payment Delays Impact 260,000 Retirees in Kenya

The National Treasury of Kenya has failed to release Sh23.78 billion for pension payments in the... (49 revisions)

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Key Canadian Business Events to Watch in Early November 2024

As we approach the end of October 2024, several important events are set to unfold in the... (50 revisions)

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AMD Acquires ZT Systems for $4.9 Billion to Compete with Nvidia

Advanced Micro Devices (AMD) has announced its agreement to acquire ZT Systems for approximately... (53 revisions)

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HSBC's Major Restructuring: Job Cuts and Leadership Changes Ahead

HSBC is set to announce significant job cuts within weeks as part of a sweeping restructuring... (53 revisions)

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Does the US Bull Market Still Have Legs Amidst Rising Concerns?

The US bull market, which began in 2009, is facing increasing scrutiny regarding its longevity.... (56 revisions)

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Microsoft to Vote on Bitcoin Investment Proposal at December Meeting

Microsoft is set to consider a proposal to invest in Bitcoin during its upcoming shareholder... (58 revisions)

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How Will the Recent U.S. Interest Rate Cuts Affect the Mexican Peso?

The Mexican Peso (MXN) has recently shown signs of volatility, particularly following the U.S.... (58 revisions)

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Exploring the Intersection of Faith and Bitcoin: A Documentary Review

The documentary 'God Bless Bitcoin' delves into the relationship between cryptocurrency,... (59 revisions)

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Will the US Dollar Continue Its Rise Against the Vietnamese Đồng?

The U.S. dollar is projected to strengthen further against the Vietnamese đồng, with forecasts... (61 revisions)

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The Federal Reserve's Political Shift: A New Landscape?

As the 2024 election approaches, the independence of the Federal Reserve has emerged as a... (106 revisions)

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How Familiar Market Corrections Shape Investor Sentiment

As the U.S. economy grapples with ongoing market corrections, concerns about interest rates and... (140 revisions)

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What Does Ksenia Yudaeva's IMF Appointment Mean for Russia?

In a surprising move, the International Monetary Fund (IMF) has welcomed Ksenia Yudaeva, a... (193 revisions)