BEIJING (Reuters) -China’s biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pressure on profit margins and reduce lending costs, providing some relief for the financial sector and wider economy. Industrial…
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The announcement was made today at the Money20/20 Europe fintech conference in Amsterdam, capital of the Netherlands. The collaboration will enable Flutterwave to give its African e-commerce merchants enhanced access to UK and EU customers, while Token.io leverages Flutterwave’s presence…
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Profitability of the top 10 lenders in Saudi Arabia in Q1 continues to be affected by slower growth in operating income and higher impairment charges, said leading global professional services firm Alvarez & Marsal (A&M). Despite improvement in the cost-to-income…
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The Board of Directors of the African Development Bank Group has approved an equity investment of $20 million in the Africa50 Infrastructure Acceleration Fund I(link is external), in support of its target to mobilize private capital for infrastructure across the continent.…
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Project, EXIM’s Largest Renewable Energy Transaction to date, Supports Biden Administration’s Partnership for Global Infrastructure and Investment (PGII) FOR IMMEDIATE RELEASE June 1, 2023 Media Contact Name/Phone: Office of Communications 202-469-1550/202-730-6639 WASHINGTON –The Board of Directors of the Export-Import Bank…
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Rush of engagement comes after actions against foreign firms. China is struggling with a sluggish post-pandemic recovery Elon Musk at the 1949-duck de chine restaurant in Beijing on 31 May. Photo: Bloomberg China is rolling out the red carpet for…
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U.S. banks borrowed so heavily from the Federal Reserve and other liquidity providers during the recent crisis that the inflows outpaced the decline in deposits they were seeking to offset, according to new research from the Federal Reserve Bank of…
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