© Reuters. FILE PHOTO: Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration AUD/USD +0.65% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25…
WASHINGTON – The International Monetary Fund (IMF) has reached a staff-level agreement to augment Kenya’s financial aid, providing immediate access to $682.3 million and an additional $938 million for the country’s ongoing program. This decision comes as Kenya faces liquidity challenges, with a $2 billion Eurobond due in 2024 looming over its economy. The IMF’s…
DAR ES SALAAM – In a significant move to bolster investments in key economic sectors, CRDB Bank and the African Export-Import Bank (Afreximbank) have entered into a strategic partnership. The collaboration was formalized with the signing of a $115 million facility agreement at the Intra-African Trade Fair (IATF) 2023 in Cairo, Egypt, today. This new…
MUMBAI – The Reserve Bank of India (RBI) has announced an increase in risk weights for consumer credit, including personal loans and credit card receivables. This move comes as a measure to curb the rapid growth in certain consumer credit sectors and manage the escalating risks associated with them. As per the latest circular issued…
NEW YORK – As the financial industry continues to evolve, a recent report highlights the growing importance of quality digital services in banking for enhancing customer satisfaction. Susan Foulds from Keynova Group emphasized the crucial role that fintechs and retailers play in driving the adoption of real-time payments (RTP), with Citibank at the forefront of…
© Reuters. FILE PHOTO: The U.S. Capitol Building is seen in Washington, U.S., August 15, 2023. REUTERS/Kevin Wurm/File Photo/File Photo By David Morgan and Katharine Jackson WASHINGTON (Reuters) -Democratic and Republican leaders in the U.S. Senate said on Wednesday they would try to quickly pass legislation to keep the government funded, preventing a partial shutdown…
NEW YORK – In a striking divergence from expectations, New York’s manufacturing sector experienced a robust expansion in November 2023. The Federal Reserve Bank of New York reported today that the general conditions index, a key indicator of manufacturing activity in the state, soared to a high of 9.1 from a negative reading of -4.6…
3/3 © Reuters. FILE PHOTO: Argentina’s Economy Minister and presidential pre-candidate Sergio Massa speaks during an event at the CGT (General Confederation of Labor) headquarters, in Buenos Aires, July 19, 2023. REUTERS/Agustin Marcarian/File Photo 2/3 By Nicolás Misculin BUENOS AIRES (Reuters) – Peronism is dead. Long live the Peronists. Argentina’s main political force for decades,…
© Reuters. FILE PHOTO: Italian Economy Minister Giancarlo Giorgetti looks on during a confidence vote over the 2023 budget at the lower house of the parliament, in Rome, Italy December 23, 2022. REUTERS/Remo Casilli//File Photo ROME (Reuters) – Italy’s government could revise downwards its growth target for this year which was set at 0.8% in…
© Reuters. FILE PHOTO: Federal Reserve Board Vice Chair for Supervision, Michael Barr, testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing in the wake of recent bank failures, on Capitol Hill in Washington, U.S., May 18, 2023. REUTERS/Eve By Pete Schroeder and Michelle Price WASHINGTON (Reuters) – The Federal Reserve’s top Wall…
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