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Tag: finance

Posted on October 23, 2020

Goldman fined £2.2bn in Malaysia fraud: 1MDB scandal saw state-owned fund turned into a ‘piggy bank for corrupt public officials’

Goldman bankers were accused of helping Low funnel billions of dollars out of Malaysia’s 1MDB fund, which was meant to be used for the country’s development. Instead Low allegedly used the money to …

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Posted on October 23, 2020

Bangladesh mobile financial service providers to launch interoperable transactions

The mobile financial service or MFS providers of Bangladesh are introducing interoperable transactions as part of efforts to encourage cash-free dealings.

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Posted on October 23, 2020

Pakistan’s case before international financial watchdog reveals more Chinese corruption

In June 2019, the Financial Action Task Force, or FATF, chose to keep Pakistan on its gray list rather than slapping it with a formal black list designation. At the time, the logic of the …

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Posted on October 23, 2020

COVID-19 turned economic surpluses upside down: Finance advisor told WB

Abdul Hafeez Shaikh attended a session held by World Bank wherein the global monetary arbitrator commended Pakistan’s agenda for economic reforms, …

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Posted on October 23, 2020

Myopic vision: India’s central bank and ministry of finance

This book is a definitive account of the clash of ideas that continues between the RBI and the finance ministry …

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Posted on October 22, 2020

Oman Warns Bond Sale May Not be Enough to Rein In Budget Deficit

Oman will need further measures to keep its budget deficit in check, the Finance Ministry said, after the Gulf nation tapped the international debt market with a $2 billion bond sale.

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Posted on October 22, 2020

World Bank Yemen Macro-Poverty Outlook (October 2020)

English News and Press Release on Yemen about Food and Nutrition, Health and Epidemic; published on 22 Oct 2020 by World Bank …

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Posted on October 22, 2020

U.S. sanctions Iran’s financial sector

The Trump administration on Thursday levied new sanctions on Iran’s financial sector in response to the country’s terror activities and nuclear program, the Treasury Department announced.

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Posted on October 22, 2020

Turkey Forgoes Rate Hike, Sets Stage for More Stealth Tightening

Turkey raised the upper bound of its interest-rate corridor but unexpectedly left its benchmark on hold on Thursday, risking further volatility in the lira as the central bank sticks with its stealth …

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Posted on October 22, 2020

Turkey Keeps Main Interest Rate Unchanged

Turkey’s central bank kept its main interest rate unchanged Thursday despite market expectatons of another hike, sending the lira to record lows.

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