Latest News for: Financial country

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Lebanese currency sinks to new record low

Xinhua 25 May 2022
The Lebanese pound on Tuesday sank to a new historic low on the parallel market amid the country's unprecedented financial crisis, local media reported ... BEIRUT, May 24 (Xinhua) -- The Lebanese pound on Tuesday sank to a new historic low on the parallel market amid the country's unprecedented financial crisis, local media reported.
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More macro measures seen

China Daily 25 May 2022
Also, the country will ... The People's Bank of China, the country's central bank, said on Tuesday it will put into place the financial measures announced by the State Council as soon as possible to further strengthen support for smaller businesses and self-employed households.
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Brokerage firms choose to sell buildings for higher profitability

Korea Times 25 May 2022
Shinhan Financial Investment headquarters on Yeouido, Seoul / Courtesy of Ssangyong Engineering ... If Shinhan Financial's sales deal is completed, only three of the country's 10 largest brokerage companies by owned capital size ― Korea Investment, Kiwoom Securities and Daishin Securities ― would still own their office buildings.
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After Adopting Bitcoin, Central African Republic Set to Build a Crypto Hub

CryptoPotato 25 May 2022
CAR’s President Faustin-Archange Touad�ra tweeted that the new initiative – aiming to turn the country into a crypto hub – carries the potential to reshape its financial system ... CAR’s “Bitcoin Law” has outlined that all crypto exchanges operating in the country are not subject to taxes.
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PAPSS remains most important African monetary initiative in decades – Dr Bawumia

B & FT Online 25 May 2022
PAPSS, which was formally launched in January, allows a party in one African country to pay in their own currency while a counterparty in another country receives payment in their own currency ... However, on the other hand, financial systems in many African countries remain underdeveloped.
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Islamic banking to outpace conventional peers by 2026, says Moody’s

Dawn 25 May 2022
Moreover, financial inclusion in the country is still modest, despite recent progress; according to the State Bank of Pakistan (SBP) approximately 62pc of the country’s adult population have an account with a formal financial institution, against an average of 95pc in high-income countries.
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RBI Governor warns against use of cryptocurrencies after TerraUSD’s fall

BGR 25 May 2022
Reserve Bank of India (RBI) governor Shaktikanta Das has cautioned against the use of cryptocurrencies in India saying that the virtual currency could impact the financial stability of the country. In an interview with CNBC TV18, Das also said that cryptocurrencies could also impact the macroeconomic stability of the country.
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ECB Crypto-Asset Report Calls for Greater Regulatory Oversight

FX Empire 25 May 2022
On Tuesday, the ECB published a crypto-asset review assessing financial stability risks ... Governments globally have called for a global regulatory framework to address risks posed to financial stability ... ECB Identifies Crypto-Asset Risk to Financial Stability ... As many as 10% of households across the six large euro area countries may own crypto-assets.
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Users of mobile financial services grow over 2 years

Korea Times 25 May 2022
Koreans' use of mobile banking and other online financial services increased in 2021 from two years earlier as customers preferred non-contact services amid the coronavirus pandemic, central bank data showed Wednesday ... outbreak in the country.
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Golf club famous for players being attacked by kangaroos collapses after charging members $3,600-a-year for ...

The Daily Mail 25 May 2022
Administrators announced the Arundel Hills Country Club on the Gold Coast was closing down 'immediately' due to financial strife in a letter sent to members on Tuesday. The collapse comes after a number of golfers at the popular country club were viciously attacked by wild kangaroos, with at least 15 people attacked and two hospitalised.
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Sri Lanka’s prime minister tackles thorny finances, economy

Wtop 25 May 2022
The country lacks the financial wherewithal to buy imported necessities and pay its debts, and the economic crisis has fueled political turmoil, with protesters demanding Rajapaksa’s resignation ... Nearly bankrupt, the country and has suspended repayments of $7 billion in foreign loans due this year.
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Sri Lanka's prime minister tackles thorny finances, economy

San Francisco Chronicle 25 May 2022
The country lacks the financial wherewithal to buy imported necessities and pay its debts, and the economic crisis has fueled political turmoil, with protesters demanding Rajapaksa’s resignation ... Nearly bankrupt, the country and has suspended repayments of $7 billion in foreign loans due this year.
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Anadolu Agency's Morning Briefing - May 25, 2022

Anadolu Agency 25 May 2022
In a letter sent to European Council President Charles Michel, Orban said Hungary cannot support the bloc’s sanctions package without having more details on EU financial help for his landlocked country to replace Russian energy dependency, the Financial Times reported Tuesday.
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Period Poverty Is Getting Worse, Here's How To Donate And Find Help

Huffington Post 25 May 2022
“As we look to an uncertain future, many more families will face tough financial choices, and more young women than ever are likely to face issues affording the products they need,” she said ... There are organisations around the country helping girls and women to access period products ... The charity also accepts postal donations and financial donations.
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Windfall tax could hit off shore electricity companies

China Daily 25 May 2022
Soaring fuel prices, and the warning of further significant increases to come later in the year, are the main driving forces behind the United Kingdom's cost-of-living crisis, which has become the dominant political issue in the country ... The Financial Times says that Sunak has ...

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Police walk near the Robb Elementary school in Uvalde, Texas Tuesday, May 24, 2022.
AP / Dario Lopez-Mills
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