Old Mutual Zimbabwe, a leading financial services giant, has marked a significant milestone by posting an inflation-adjusted profit of ZWL$469 billion for the year ended December 31, 2023. This remarkable achievement comes after a challenging period that saw the company…
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Egypt’s economy witnessed a significant turnaround in February, following a landmark deal with the United Arab Emirates (UAE) and a strategic financial support program with the International Monetary Fund (IMF). Prime Minister Mustafa Madbouly announced a pivotal $5 billion initial payment…
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India’s fiscal management faces a challenging scenario as the central government’s fiscal deficit soared to Rs 15.01 lakh crore during April 2023 to February 2024, up from Rs 11.03 lakh crore in the preceding months, according to the Controller General of…
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If data is the fuel of India’s new digital economy, it must first be processed and packaged in a way that makes it accessible to businesses and individuals. This task, which involves mapping the many constituents who form India’s business landscape,…
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The United States government has taken a monumental step towards environmental sustainability by announcing a $6 billion funding initiative aimed at accelerating the decarbonization of traditionally hard-to-abate sectors, including metal, paper, and glass industries. This groundbreaking move seeks to address the significant…
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In a pivotal development within Singapore’s legal and financial spheres, a court has postponed a crucial hearing concerning a contentious $200 million loan dispute. This legal scuffle involves major lending entities, including Ares Management, pitted against prominent Indonesian businessman, David…
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In a move closely watched by global markets, Russia’s central bank has decided to keep its interest rates steady, standing firm at 16%. This decision comes amidst the backdrop of rising oil prices and the conclusion of month-end tax payments, factors…
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Turkey’s central bank on Thursday raised its key interest rate, the one-week repurchase rate, from 45% to 50%, citing the continuing need to counter climbing inflation in the country. “In February, led by services inflation, the underlying trend of monthly…
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The looming introduction of a shorter settlement cycle for U.S. securities, moving from T+2 to T+1 on May 28, is causing significant operational and financial concerns for international fund managers. This change, prompted by the 2021 GameStop stock plunge, aims…
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HM Revenue and Customs (HMRC) has abruptly reversed its decision to close its crucial self-assessment, VAT, and PAYE helplines for six months each year, in a significant turn of events that highlights the power of stakeholder feedback and governmental intervention. This change…
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