Global Finance

APRIL 7, 2025

The region is set to drive global economic growth, powered by its population and tech sector. The Asia-Pacific region (APAC) will lead global economic growth over the next 15 years thanks to several factors, some of which are already manifest and some of which have yet to emerge. billion citizens to 4.6 billion citizens to 4.6

Economics 52

Economics Manufacturing Treasury Forecasting 52

PYMNTS

NOVEMBER 15, 2020

Bank of England Deputy Governor Jon Cunliffe said it isn't his job to shield banks from the coming shift to digital currencies, Reuters reported. The shift could drastically change how customers feel about having physical money stored in banks, according to the report. at the cutting edge of payments innovation.

Currencies 103

Currencies Banking Economics Planning 103

PYMNTS

FEBRUARY 21, 2020

Sweden’s Riksbank is assessing e-krona, a new form of digital currency that hopes to take the country a step closer to the creation of the world’s first central bank digital currency (CBDC), according to reports on Thursday (Feb. CBDCs are a digital form of traditional money issued and governed by a country’s central bank.

Currencies 105

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PYMNTS

MAY 21, 2020

The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. Patent and Trademark Office that would create a digital currency underpinned by blockchain technology. A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A

Currencies 97

Currencies Banking Retail Accounting 97

Global Finance

DECEMBER 26, 2024

He chaired the board of the Commercial Bank of Syria for a few years and authored scholarly papers on corporate governance before President Bashar Hafez al-Assad tapped him for the ministry in a last-gasp government reshuffle this September. According to the World Bank, Syrias economy has shrunk by 85% since its civil war broke out in 2011.

Finance 119

Finance Auditing Currencies Banking 119

Global Finance

OCTOBER 28, 2024

Together, these issues could pose significant threats to economic growth and social progress, analysts warn. Road Map For The Future A lively FDI contribution gives Togo a favorable economic outlook, augmented by structural reforms and critical investment projects, according to the African Development Bank. annually.

Economics 98

Economics Manufacturing Investments Currencies 98

Global Finance

FEBRUARY 5, 2025

At the Asia-Pacific Economic Cooperation summit in Peru last November, Indonesias new President Prabowo Subianto, who began his term in October, emphasized that foreign investments would be protected by a solid legal framework, and highlighted incentives and a commitment to liberalizing ownership laws.

Economics 108

Economics Prioritization Investments Manufacturing 108

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit. “We Specific Concerns .

Banking 139

Banking Financial Systems Concentration Currencies 139

PYMNTS

JANUARY 26, 2020

Bank of France Governor Francois Villeroy de Galhau said on Saturday (Jan. 25) that central banks should be in charge of issuing electronic currency, not private companies, Reuters reported. He noted that private citizens also might ask for cash alternatives. . “In

Banking 100

Banking Currencies Economics Planning 100

Global Finance

MARCH 6, 2025

The Bank of Latvia, the countrys central bank, is more optimistic for 2026 and 2027, expecting growth of 3.1% and 3.3%, respectively, due to stronger domestic demand, lower inflation, and the inflow of foreign capital into Latvias fintech, defense and banking sectors. The IMF projects GDP growth of 2.3% in 2025; 2.5%

Transportation 82

Transportation Economics Budgeting Investments 82

PYMNTS

MARCH 4, 2020

Global currency, anyone? In the age of Libra, in a new decade where at least some central banks are exploring their own fiat issued in bits and bytes, would a global currency set the stage for relative calm? There were 65 patent applications filed by the central bank’s research institute, as reported at the end of the month.

Currencies 88

Currencies Economics Planning Banking 88

PYMNTS

JULY 29, 2020

With the economic and political battles between the U.S. and China heating to a boil, one of China’s top banks is urging financial institutions (FIs) to cut their use of the SWIFT financial messaging network for cross-border transactions. The bank’s messaging applies to Hong Kong and Macau as well. actions. “All

Banking 116

Banking Currencies Economics Planning 116

PYMNTS

JANUARY 6, 2021

Thus far, the numbers do not bear out a massive uptake of a business model, that for the stakeholders, is essentially free (There are roughly 38 banks signed on and 5 million users of CoDi, as measured in late 2020). But as Diaz stated, the model is based on sound economic principles. Solving For The Chicken And Egg Problem.

Banking 145

Banking Planning Accounting Currencies 145

Global Finance

MARCH 4, 2025

Sasha Cook, head of Sustainable Finance at Standard Bank CIB, explains how domestic banks are helping to close the energy-investment gap and ensure sustainable development across Africa. Global Finance: What are Standard Banks specific targets for reducing its financed emissions, and how is it achieving them?

Finance 52

Finance Banking Construction Currencies 52

Global Finance

APRIL 3, 2025

Dubai International Financial Centre (DIFC) remains the Gulf regions powerhouse; in 2024 alone, over 260 banking and capital market firms, 410 wealth and asset management companies (including 75 hedge funds), and 125 insurance and reinsurance firms established offices there. Abu Dhabi, the capital of the UAE, is closing the gap, however.

Economics 72

Economics Finance Investments Manufacturing 72

Global Finance

MARCH 5, 2025

With its exit from Central America and Colombia, Scotiabank follows the trend of international banks retreating amid rising compliance costs and risks. Scotiabank has officially exited retail banking in Panama, Costa Rica, and Colombia, marking the latest move by a major international lender to scale back in the region.

Banking 52

Banking Compliance Treasury Finance 52

Global Finance

DECEMBER 4, 2024

The real task will be honoring his promises for significant changes in governance and socio-economic management, observes Pritish Behuria, associate professor at the University of Manchester’s Global Development Institute. A former finance minister, Sithanen is credited for financial reforms that achieved economic diversification.

Economics 52

Economics Currencies Finance Banking 52

PYMNTS

FEBRUARY 28, 2020

The Deputy Governor of the Bank of England (BoE), Jon Cunliffe, said on Friday (Feb. 28) that digital currencies could potentially dry up lending for banks and affect the economy as a whole, according to a report by Reuters. That would be a change with profound economic consequences.”.

Banking 95

Banking Currencies Economics Numbers 95

Global Finance

DECEMBER 26, 2024

Global Finance: In a landscape where central bank decisions and carry trades significantly influence global FX markets, what unique value can a bank offer its customers? Custom-tailored offerings and strategies have become a significant trend in corporate banking.

Currencies 52

Currencies Risk Management Banking Finance 52

CFO Talks

NOVEMBER 13, 2024

This approach added stability to their returns and prevented their cash flow from taking a hit during currency fluctuations. When diversifying, think about your company’s cash flow patterns and exposure to local economic factors. Suppose the South African Reserve Bank raises interest rates.

Investments 92

Investments CFO Economics Financial Modeling 92

PYMNTS

OCTOBER 8, 2020

In today’s top news in digital-first banking, Revolut is rolling out a new feature to encourage youth to stash cash, while the Bank of Korea has indicated that it plans to start testing distribution of its digital currency next year. Bank Of Korea To Begin Testing Distribution Of Digital Currency.

Banking 98

Banking Currencies Economics Forecasting 98

Global Finance

FEBRUARY 5, 2025

In hindsight, summer 2001 was a precarious time to launch an annual ranking of the worlds Best Trade Finance Banks. Just months later, the 9/11 attacks would destroy New Yorks World Trade Center, triggering a global economic slowdown. Asias Regional Comprehensive Economic Partnership was signed in 2020.

Finance 59

Finance Banking Currencies Economics 59

PYMNTS

JANUARY 21, 2020

And now, for digital currencies, it’s a group effort — among central banks, that is. Up until now, the explorations and considerations of digital currencies — as would be, potentially, issued by central banking systems to bring fiat into digital form — has been done on a country-by-country basis.

Currencies 57

Currencies Banking Economics Finance 57

PYMNTS

JULY 6, 2020

In today’s challenging economic environment, I am pleased to continue our expansion into a prime market that aligns with our strategic growth plans,” Dowd said in a press release. or in other countries. or in other countries.

Currencies 79

Currencies Foreign Exchange Risk Management Treasury 79

Global Finance

SEPTEMBER 4, 2024

Global Finance magazine interviewed Brazil Central Bank President Roberto Campos Neto, who has been at the helm since February 2019. In this interview, Campos Neto shares his insights on the global economy, Brazil’s economic outlook, the resilience of Latin American economies, and the importance of central bank independence.

Banking 105

Banking Economics Currencies Finance 105

PYMNTS

MARCH 23, 2020

Neither bill specifies the use of any type of digital currency initiative. In addition, member banks of the Fed can have a “pass-through digital dollar wallet” per the draft bills, as cited by the outlet. The Fed would be in control of the digital wallets. economy overall in this challenging time.

Leverage 105

Leverage Economics Currencies Finance 105

Global Finance

OCTOBER 11, 2024

Global Finance presents its 31st annual list of best banks worldwide. Banks face an uphill battle as supply chains remain disrupted, regional conflicts continue to build, and the fear of bank failure returns. in 2022, according to the International Monetary Fund’s July World Economic Outlook 2024.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

Global Finance

OCTOBER 10, 2024

György Matolcsy, governor of Hungary’s central bank (Magyar Nemzeti Bank), reflects on his second term and speaks about plans to potentially join the euro. György Matolcsy: After the global financial crisis, central banks realized that monetary institutions and policy needed to be renewed. What is the status of these plans now?

Economics 59

Economics Banking Concentration Currencies 59

PYMNTS

JUNE 24, 2020

Scammers will many times ask for payment to an individual or firm into many or continuously changing bank accounts. In other news, the oldest central bank globally, Riksbank of Sweden, has examined the feasibility of central bank digital currencies (CBDC) and found the pros and cons between different models, CoinDesk reported.

Currencies 67

Currencies Banking Investments Economics 67

Global Finance

APRIL 7, 2025

So too are a flat corporate and income tax rate of just 10% and a local currencythe levtied by a currency board to the euro. 3% band and the European Commission and European Central Bank give the green light later this year, it will join the eurozone in 2026. Assuming Bulgaria can keep inflation within the 2.5%-3%

Education 52

Education Construction Economics Currencies 52

CFO News Room

FEBRUARY 3, 2022

Budget 2022’s announcements on manufacturing, sustainability, electronics, digital currency, innovation and startups with technology as the cornerstone are expected to give a fillip to the tech industry. with emphasis on gaming, virtual worlds, digital currencies and digital assets.

Budgeting 130

Budgeting Startups Currencies Manufacturing 130

PYMNTS

MARCH 29, 2019

Federal Bank in India has partnered with blockchain payments company Ripple to facilitate cross-border payments, according to reports. Federal Bank confirmed the collaboration in an announcement to the Bombay Stock Exchange on Thursday (March 28). A central bank has to be on top to create regulations.

Banking 96

Banking Risk Management Currencies Economics 96

PYMNTS

APRIL 13, 2020

The stimulus checks — some of them, anyway — are coming, via direct deposit, to tens of millions of Americans’ bank accounts over the next several weeks. In other words, the recipients would create checking accounts at the Federal Reserve Banks (there are 12 of them).

Accounting 99

Accounting Banking Currencies Treasury 99

PYMNTS

FEBRUARY 6, 2020

Central bank leaders from six countries and the Bank for International Settlements (BIS) have planned an April meeting to discuss digital currencies and the parameters involved for launching their own, the Nikkei Asian Review reported on Thursday (Feb. In January, the central banks of the U.K., trillion by 2025.

Currencies 100

Currencies Banking Economics Planning 100

PYMNTS

MAY 6, 2020

According to a report , the launch of the digital currency is likely to happen soon, and it could become prominent if four key components are met, per the former Bank of China President Li Lihui. China’s banking leaders collaborated with five other countries earlier this year on mobilizing to move forward on the issue.

Banking 76

Banking Currencies B2B Economics 76

PYMNTS

JULY 8, 2019

Many traditional banking institutions and governments have shown skepticism, silence and resistance to Facebook’s proposed cryptocurrency Libra, according to reports. . Though the currency could potentially alter the financial landscape for good, many banks have simply not responded to the issue.

Banking 81

Banking Currencies Economics Planning 81

CFO News

MARCH 7, 2024

The Reserve Bank of India and the Bank of Indonesia signed a MoU to promote the use of local currencies for cross-border transactions, enabling exporters and importers to invoice and pay in their respective domestic currencies, optimizing costs and settlement time for transactions.

Currencies 52

Currencies Banking Invoicing Economics 52