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Brazil to allow credit fintechs to initiate payment transactions

Brazil to allow credit fintechs to initiate payment transactions

BRASILIA (Reuters) -Brazil’s National Monetary Council on Friday decided to allow credit fintechs to initiate payment transactions, the central bank said, a move that will in practice clear them to provide payment services to consumers and business establishments. To operate as payment initiators, fintechs currently need to open another company specifically for this purpose. With…

Sri Lankan central bank threatens administrative measures to bring down market rates

Sri Lankan central bank threatens administrative measures to bring down market rates

© Reuters. FILE PHOTO: People walk past the main entrance of the Sri Lanka’s Central Bank in Colombo, Sri Lanka March 24, 2017. REUTERS/Dinuka Liyanawatte By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) – Sri Lanka’s central bank on Thursday threatened administrative intervention to control high market interest rates that it regarded as out of…

U.S. yields sink with dollar on dovish Fed bets; HK shares dip

U.S. yields sink with dollar on dovish Fed bets; HK shares dip

© Reuters. FILE PHOTO: A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying various countries’ stock indexes including Russian Trading System (RTS) Index which is empty, outside a brokerage in   US500 +0.59% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to:…

Euro zone must keep investing during slowdown, help ECB fight inflation -Commission

Euro zone must keep investing during slowdown, help ECB fight inflation -Commission

© Reuters. FILE PHOTO:European flags are seen in front of the European Central Bank (ECB) building, in Frankfurt, Germany, July 21, 2022. REUTERS/Wolfgang Rattay/File Photo By Jan Strupczewski BRUSSELS (Reuters) – Euro zone governments should coordinate fiscal policies for 2023 so as not to clash with the European Central Bank’s efforts to curb inflation and…

Japan finance minister urges swift adoption of more spending measures

Japan finance minister urges swift adoption of more spending measures

© Reuters. FILE PHOTO: Japan’s Finance Minister Shunichi Suzuki speaks at a news conference in Tokyo, Japan September 22, 2022. REUTERS/Kim Kyung-Hoon By Tetsushi Kajimoto TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki vowed on Monday to guide economic and fiscal policy in a “responsible” manner, as he urged lawmakers to enact a second extra…