Reuters (Reuters) – Foreign investors who left Russia after selling their firms there between March 2022 and March 2023 withdrew almost $36 billion, according to the state RIA news agency, citing statistics from the Central Bank. In reaction to Moscow’s invasion of Ukraine in February 2022, many of the world’sRead More →
Temasek Holdings (TEM.UL), a Singapore-based state investor, announced on Monday that it has reduced remuneration for the team that proposed its investment in the now-defunct FTX bitcoin exchange, as well as its top management team. Temasek started an internal examination of its stake in FTX six months ago, which resultedRead More →
ANKARA/LONDON (Reuters) – Turkey’s lira has hit a record low before of the country’s election decision on Sunday, with investors apprehensive about what may happen if Tayyip Erdogan gains another decade in power. ‘Erdonomics,’ as the 69-year-old president’s unconventional, growth-seeking policies are known, have pushed the lira down 80% inRead More →
According to a document obtained by Reuters, a high-level gathering in Paris next month will spell out a $100 billion proposal to encourage investors to put more money into climate and development finance in less developed nations by offering currency guarantees. Prior to the “Summit for a New Global FinancingRead More →
Sotheby’s reported Friday that seven non-fungible tokens from failed cryptocurrency hedge firm Three Arrows Capital had sold for around $2.5 million. “Fidenza #725,” an artwork with geometric dashes and curves in a subtle palette of cream, yellow, pink, and black, won the highest price of the tokens, fetching more overRead More →
ISLAMABAD: The Finance Division confirmed Saturday that the International Monetary Fund (IMF) has not expressed worry over the government’s likely use of IMF loans for electioneering. According to a statement issued by the division, the delay in signing an agreement with the IMF is due to the lender’s need forRead More →
ISLAMABAD: As part of the G-20 Debt Service Suspension Initiative (DSSI) framework, the federal government on Monday signed a Debt Service Suspension Agreement with the Republic of Korea equating to the postponement of payment of loans totaling $19.911 million. According to a news statement from the Economic Affairs Division (EAD),Read More →
(Reuters) HANOI – According to the Ministry of Industry and Trade late on Monday, the prime minister of Vietnam has given his approval to a power plan that calls for investing $134.7 billion to build new power plants and infrastructures between 2021 and 2030. According to a statement from theRead More →
SG – Singapore On Monday, oil prices declined as concerns about gasoline consumption in the world’s two biggest consumers, the United States and China, offset positive expectations about a tightening of supply due to probable OPEC+ production cuts and a restart of US purchases for reserves. In contrast to USRead More →
The Group of Seven (G7) industrial nations and the European Union would prohibit Russian gas imports on routes where Moscow has restricted supply, according to the Financial Times, citing sources participating in the talks. The agreement, which will be formalised by G7 leaders at a summit in Hiroshima beginning onRead More →
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