PYMNTS

JULY 31, 2019

He wants to boost Ethiopia’s foreign exchange reserve, which has dropped dangerously low. The law will enable the Ethiopian-born diaspora to take part in the economic growth of the country,” said Lemlem Hadgo, chair of the Revenues, Budget and Finance Committee of parliament.

Foreign Exchange 55

Foreign Exchange Banking Budgeting Investments 55

Global Finance

OCTOBER 29, 2024

Abu Dhabi Development Holding Company (ADQ) has agreed to acquire a 96% stake in Bank Audi’s loss-making Turkish subsidiary, Odeabank, as the United Arab Emirates deepens economic relations with Turkey. In May, Fitch Ratings cautioned banks in the six-member Gulf Cooperation Council (GCC) about unchecked growth plans.

Profit and Loss 64

Profit and Loss Foreign Exchange Banking Forecasting 64

CFO News Room

FEBRUARY 4, 2022

The country’s foreign exchange reserves declined by USD 4.531 billion to stand at USD 629.755 billion in the week ended January 28, RBI data showed on Friday. In the previous week ended January 21, the reserves had decreased by USD 678 million to USD 634.287 billion.

Foreign Exchange 130

Foreign Exchange Currencies Accounting Banking 130

PYMNTS

SEPTEMBER 20, 2020

Isabel Group CEO Jean de Crane said the new partnership "will add value to our mutual business customers in the processing of their payments and foreign exchange strategies. We are looking forward to working together with this international player in our ecosystem.".

Foreign Exchange 120

Foreign Exchange B2B Currencies Banking 120

PYMNTS

SEPTEMBER 23, 2020

The debit card doesn’t have foreign exchange fees or monthly charges, while it has a flat ATM fee of 2 euros ($2.34) globally. Supporting small businesses is an indispensable part of the economic recovery,” David Dechamps , senior vice president of Digital Partnerships at Mastercard Europe, said in the announcement. “To

Foreign Exchange 145

Foreign Exchange Economics Retail Accounting 145

Global Finance

OCTOBER 10, 2024

Byadran Lkhagvasuren, governor of the Bank of Mongolia, speaks to Global Finance about the country’s growth prospects and its pursuit of sustainable economic development. Global Finance: What is Mongolia’s economic growth outlook for 2024-2025? GF: Mongolia’s foreign exchange reserves increased last year and external debt was reduced.

Restructuring 75

Restructuring Foreign Exchange Banking Transportation 75

PYMNTS

JUNE 15, 2020

Companies will also have to worry less about risk because of the better visibility and control over foreign exchange payments and currency exposures for procurement and treasury stakeholders. Joining forces with Goldman Sachs makes it simpler, more transparent, and more economic for customers to make payments.”.

Foreign Exchange 99

Foreign Exchange Treasury Currencies B2B 99

PYMNTS

DECEMBER 26, 2018

Last month, two men were executed for allegedly smuggling foreign currency and illegally altering the gold-coin market. Hundreds of foreign-exchange dealers have also been arrested for black-market currency operations. This month, 50 men were given 20 years in prison for bribes, embezzlement and damaging the economy.

Economics 63

Economics Foreign Exchange Currencies Numbers 63

Global Finance

DECEMBER 9, 2024

Global Finance recently sat down with representatives of three financial institutions, including two development banks and one commercial bank, to discuss banking and the role it plays in Africas economic growth. But again, every strong economic concept is not being unlocked in practice. Felipe: Theres one more thing to add.

Marketing 98

Marketing Banking Finance Profit and Loss 98

PYMNTS

NOVEMBER 21, 2018

businesses are over-exposed to risks related to interest rate and foreign exchange volatility, according to new Citizens Bank research. corporates have raised concerns over the negative impact that foreign exchange volatility might have on profits, particularly as ongoing global trade disputes impact the FX markets.

Foreign Exchange 67

Foreign Exchange Banking Valuation Currencies 67

Simply Treasury

JUNE 3, 2021

When payments were in foreign currencies, this may have affected their results because of currency hedging. The extremely high market volatility during the health crisis, one of the economic consequences of COVID, also forced many companies to review their hedging strategy.

IFRS 130

IFRS Foreign Exchange Currencies Profit and Loss 130

CFO News

NOVEMBER 25, 2024

Economic activity is picking up. However, global economic slowdown and geopolitical tensions pose challenges. India's foreign exchange reserves have grown significantly. The future economic trajectory depends on global factors and US policy. India's economy shows promising signs. Jobs are increasing.

Economics 40

Economics Foreign Exchange 40

PYMNTS

JULY 6, 2020

London-based global payments and foreign exchange company moneycorp has announced its expansion into Canada. 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.

Currencies 79

Currencies Foreign Exchange Risk Management Treasury 79

CFO News Room

JANUARY 25, 2023

Equity and fixed-income markets plunged, commodity prices skyrocketed, and between the dollar’s rise and other currencies tanking, foreign exchange markets experienced generationally high levels of coincident volatility. His research focuses on financial markets, monetary policy, and problems in economic measurement.

Economics 130

Economics Foreign Exchange Finance Banking 130

Global Finance

SEPTEMBER 3, 2024

But the change poses problems for the Cedi, explains Leeuwner Esterhuysen, economist with Oxford Economics Africa, since Ghana imports fertilizers for the cocoa sector. It will now have to convert the local currency raised from domestic lenders to foreign exchange in order to buy these inputs.

Foreign Exchange 75

Foreign Exchange Currencies Education Manufacturing 75

Global Finance

JUNE 4, 2024

Since then, Rajapaksa’s successor, President Ranil Wickremesinghe has presided over yet another tentative economic recovery. Sri Lanka has always held great potential for economic development, say experts; and this latest recovery again offers attractive prospects for outside investors. “The The World Bank projects GDP growth of 1.7%

Economics 105

Economics Currencies Restructuring Foreign Exchange 105

Global Finance

OCTOBER 11, 2024

in 2022, according to the International Monetary Fund’s July World Economic Outlook 2024. Morgan World’s Best Cash Management Bank Citi World’s Beast Trade Finance Provider BNY Mellon World’s Best Supply Chain Finance Provider Citi World’s Best Foreign Exchange Provider UBS World’s Best Private Bank J.P.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

PYMNTS

SEPTEMBER 1, 2020

Working in conjunction with stablecoin payment and foreign exchange platform Stablehouse , the idea was started last year but expedited due to its newfound importance after the pandemic hit. The goal is to help get payments out to those who need financial aid due to the pandemic's economic effects.

Foreign Exchange 82

Foreign Exchange Construction Currencies Startups 82

Global Finance

OCTOBER 10, 2024

The political turmoil fuelled a spike in inflation, which hit 11.66% in July amid fast-dwindling foreign exchange reserves. Riel stabilization has been achieved by prudent circulation management and foreign exchange market intervention, usually involving selling US dollars versus the domestic unit on the open market.

Benchmarking 98

Benchmarking Foreign Exchange Forecasting Economics 98

PYMNTS

OCTOBER 22, 2020

The pandemic’s ongoing economic impact has naturally raised the stakes for effective and efficient cross-border payments, according to Shreya Fatehpuria , inter-company and foreign exchange (FX) payments leader at GE. We've suffered losses with the company.

Healthcare 98

Healthcare Treasury Foreign Exchange Economics 98

CFO News

MAY 22, 2024

Meanwhile, foreign exchange reserves stood at Rs.53,17,256 Read here for a comprehensive analysis of these economic indicators. The inaugural month of FY25 saw GST collections soaring to Rs. lakh crore, accompanied by a slight easing in inflation to 4.83%. However, the unsettling rise in unemployment to 8.1% raises concerns.

Foreign Exchange 52

Foreign Exchange Economics 52

CFO News Room

NOVEMBER 1, 2022

Some economic historians insist it was “to promote the interests of commercial banks, rather than economic recovery”. Major CB interventions have caused both economic booms or bubbles and busts or contractions, often without mitigating inflation. Originally published at Jomo Kwame Sundaram’s website. Sending Global South South.

Banking 100

Banking Economics Foreign Exchange Leverage 100

PYMNTS

APRIL 30, 2018

Hopes for the Bank of England to raise interest rates have been dashed after new data showed weaker economic growth for the country, reports said. Market volatility and uncertainties linked to Brexit seem to have hit corporate spending in the U.K.

Economics 40

Economics Foreign Exchange Currencies Banking 40

PYMNTS

APRIL 29, 2020

German banking platform Mambu has announced a collaboration with TransferWise to enhance banks’ cross-border payments and foreign exchange management operations, the companies recently revealed. “But what it has actually done is create an unnecessary economic and technical burden for everyone wanting to play a role.

Banking 95

Banking Foreign Exchange Invoicing Finance 95

PYMNTS

NOVEMBER 6, 2018

Fluctuating foreign exchange rates are a relatively new phenomenon,” he told Webster. “It No one yet has found a good way to price exchange rates or to price currencies. If you want to look at overall global GDP or global trade or any other measure, foreign exchange is about 14 to 15 times larger,” he said.

Foreign Exchange 76

Foreign Exchange Currencies Invoicing Forecasting 76

PYMNTS

DECEMBER 16, 2020

We’re seeing growing interest from traditional asset managers who are adding cryptocurrencies as an inflationary hedge, catalyzed by recent macro-economic policies,” said Raghu Yarlagadda, FalconX CEO and co-founder, in the release. According to the report, many foreign exchanges may try different ways to ban U.S. customers. “It

Foreign Exchange 60

Foreign Exchange Investments Banking Financial Analyst 60

Global Finance

OCTOBER 31, 2024

million in pretax profits in 2023, and a presence in 20 markets on the continent and four global centers—empowering SMEs means fueling Africa’s economic development. Additional bank offerings include Programa Preserva, a workshop-based program that promotes economic security through saving. For UBA—boasting $20 billion in assets, $454.2

Banking 52

Banking Finance Construction Foreign Exchange 52

CFO News

FEBRUARY 4, 2023

The foreign exchange reserve in the last two days has gone up by 8 billion. So whether our macro economic fundamentals or our economy's image, none of which has been affected, Sitharaman said. Here’s what more she said on the Adani crisis:

Foreign Exchange 52

Foreign Exchange Economics 52

CFO News

FEBRUARY 16, 2024

India's economic landscape in January 2024 showcased robust growth across various sectors. Additionally, UPI transactions, merchandise exports, and foreign exchange reserves witnessed notable upticks. Additionally, UPI transactions, merchandise exports, and foreign exchange reserves witnessed notable upticks.

Foreign Exchange 52

Foreign Exchange Manufacturing Economics 52

CFO News

DECEMBER 24, 2023

Foreign exchange reserves reached $604.04 Here are the details of how the key economic matrices performed: In November, noteworthy highlights including robust Goods and Services Tax collection, 5.55% inflation rate, 9.2% unemployment rate, and a positive outlook in the services sector were marked in the Indian economy.

Foreign Exchange 52

Foreign Exchange Economics Finance 52

CFO News

OCTOBER 18, 2024

Inflation is under control, foreign exchange reserves have crossed $700 billion, the country is recording healthy economic growth rates and is the most preferred investment destination, Goyal said at an event organised by Society for Human Resource Management (SHRM).

Foreign Exchange 45

Foreign Exchange Economics Investments 45

Global Finance

MAY 10, 2024

President Javier Milei’s currency moves give markets room for planning, but his ambitious economic restructuring faces roadblocks. For the better part of 30 years, Argentina has been making economic headlines for the wrong reasons. CONS Weak fiscal accounts and dependence on International Monetary Fund financing.

Currencies 88

Currencies Economics Foreign Exchange Investments 88

CFO News

OCTOBER 2, 2023

He believes that India needs to achieve 8% economic growth to meet the aspirations of its young population and generate sufficient jobs. Kumar also highlights the positive macroeconomic situation, including manageable current account deficit, sufficient foreign exchange reserves, and increased tax revenues.

Foreign Exchange 52

Foreign Exchange Economics Accounting 52

PYMNTS

AUGUST 21, 2020

Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify. FXPress entered the market with a focus on cross-border payments and foreign exchange services. Beyond Payments Initiation. “But payments is just one side of the equation,” noted Conibear. .”

Finance 69

Finance Foreign Exchange Currencies Banking 69

PYMNTS

AUGUST 7, 2020

You need to do regulatory monitoring on it for anti-money laundering and, depending on [the country in which] you’re making the payments, you need to ask if there are any foreign exchange transaction fees. The economic downturn that accompanied the COVID-19 outbreak significantly affected the payments space.

Banking 120

Banking Foreign Exchange SAP Entertainment 120

PYMNTS

DECEMBER 4, 2020

Funds can be kept in the original currency or converted at the interbank rate to help save on foreign exchange costs, the company said. Early access to salaries could be a genuine lifeline for many during these tough economic times,” Storonsky said in a statement on Wednesday (Dec.

Foreign Exchange 73

Foreign Exchange Currencies Banking Securities 73

Global Finance

JUNE 5, 2024

The previous decade saw a wave of sovereign wealth funds (SWFs) driven by a commodity market boom and foreign exchange reserves. Recent months showed a new wave of SWF, not driven by the typical economic forces that created the older funds, such as oil and gas revenue. Many other governments are watching the trend with interest.

Foreign Exchange 52

Foreign Exchange Economics Manufacturing Securities 52