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Mexico: New President Pledges To ‘Fix’ Pemex

Global Finance

Factors contributing to the losses included decreased total sales; increased fixed asset deterioration, especially in hydrocarbon processing plants; and losses on foreign exchange. All finances will be concentrated in a single entity: Pemex. Pemexs total sales were 7.7% lower than in third-quarter 2023.

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Growth And Restructuring: Q&A With Mongolia’s Central Bank Governor Byadran Lkhagvasuren

Global Finance

The growth outlook for 2024 and 2025 remains favorable, supported by strong external demand and a significant rise in the Oyu Tolgoi mine’s copper concentrate production. GF: Mongolia’s foreign exchange reserves increased last year and external debt was reduced. Byadran Lkhagvasuren: The Mongolian economy grew by 5.6%

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What Investors Need to Know

CFO News Room

Cryptocurrencies are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not generally backed or supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies.

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World’s Best Banks 2024: Global Winners

Global Finance

trillion in extended credit and new capital for its consumer and institutional clients while moving $10 trillion in over 120 currencies daily. The US Federal Deposit Insurance Corporation’s quick response to the banks’ failures stemmed additional contagion and has left businesses with an object lesson in concentration risk.

Banking 111
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Trade Finance Awaits A Boost From FinTech

PYMNTS

According to Bibby Financial Services data released last week, both importing and exporting SMBs in the country have seen negative implications of Brexit , with two-thirds saying they have been adversely impacted by currency volatility. ” Even as banks (at least, in the U.S.) ” Even as banks (at least, in the U.S.)

Finance 50
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Transcript: Kenneth Tropin

Barry Ritholtz

If you’re all interested in macro investing, trend following, commodities, currencies, fixed income, various types of quantitative strategies, and most important of all, risk management, you’re going to find this conversation to be absolutely fascinating. That’s the foreign exchange markets, and to some extent, commodities.

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Stars Of China 2024: Innovation Nation

Global Finance

That level of concentration defines ICBC, the world’s largest bank by assets and winner of this year’s Best Corporate Bank award. Offerings include corporate accounts, cross-border yuan settlement, litigation services, and foreign exchange trading. In the e-commerce arena, its Guangshanghui 3.0