Financing
Reforming Regulations For Debt Reduction In Emerging Markets
Over the past three years, the global economy has faced several unexpected challenges. Emerging markets and developing economies are not only striving to revive their growth and achieve a full recovery but are also grappling with increasing debt levels...
News
Singapore Banks Ramp Up Security To Combat Malware Scams
The Association of Banks in Singapore (ABS) made a significant announcement today, highlighting the proactive steps taken by major retail banks in Singapore to bolster their security measures. The primary aim of these measures is to shield customers from...
News
2024 Contraction Warning For European Construction Industry
According to the most recent forecast from economists at Dutch bank ING, the construction industry in Europe may begin to contract in 2024. ING has cautioned that the combination of high-interest rates and escalating building costs has significantly reduced...
News
India, US, Saudi, EU Sign Ports Deal To Counter China Amid G20
Global leaders announced a multinational rail and ports deal linking the Middle East and South Asia on Saturday on the sidelines of the G20 summit in New Delhi.
The pact comes at a critical time as U.S. President Joe Biden...
Financing
SoftBank Eyes OpenAI Investment Amid Arm IPO Fever – FT
Japanese tech investment fund SoftBank is looking for deals in artificial intelligence, including a potential investment in ChatGPT-maker OpenAI, after the blockbuster listing of its Arm unit.
SoftBankโs founder and chief executive, Masayoshi Son, is now looking to invest tens...
Financing
China Central Bank in Investment Talks with JPMorgan, HSBC
Chinaโs central bank and forex regulator met foreign financial institutions including JPMorgan, HSBC on Monday as Beijing bids to revive foreign trade and investment.
Deutsche Bank and Tesla were also among those attending the meeting, according to a statement by...
Banking
Russia’s VTB Bank to commence money transfer in Indian rupees for easier transactions and forex services improvement
VTB Bank one of Russiaโs leading banking institutions, is set to commence money transfer operations in Indian Rupees by the end of September. The bank will enable retail customers to transact funds directly with individuals and legal entities in...
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