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Banks’ eight-month profit up 12pc to Sh181bn amid defaults
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Commercial banks recorded an 11.58 per cent increase in pre-tax profits to Sh181.1 billion in the first eight months of the year, defying an environment of rising loan defaults and low willingness to borrow. Central Bank of Kenya (CBK) data shows that January-August profits rose from Sh162.3 billion in the…
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Banks’ eight-month profit up 12pc to Sh181bn amid defaults
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Commercial banks recorded an 11.58 per cent increase in pre-tax profits to Sh181.1 billion in the first eight months of the year, defying an environment of rising loan defaults and low willingness to borrow. Central Bank of Kenya (CBK) data shows that January-August profits rose from Sh162.3 billion in the…
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How US election could impact CEEMEA equities
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Investing.com – The US election is likely to impact the economies of Central and Eastern Europe, the Middle East and Africa, and JPMorgan discusses the potential consequences. The US investment bank took a look at four key policy areas affected by the US presidential election – tariffs, the dollar, oil…
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Arkham Intelligence Set To Launch New Crypto Derivatives Exchange Next Month
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According to a recent report by Bloomberg, blockchain data company Arkham Intelligence, backed by Sam Altman, founder of OpenAI, is preparing to launch a cryptocurrency derivatives exchange in November. A new crypto exchange is on the horizon According to According to a source familiar with the plans, Arkham is moving…
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UK Sponsor Licence Requirements and Process
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The UK Government has established requirements for UK employers and businesses to obtain a sponsorship license if they intend to employ a foreign worker from outside or within the UK. There is no need for a company to be in operation for a certain period of time to apply for…
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Fed’s Bowman does not comment on Fed policy or the economy at speaking engagement
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Trump-Backed DeFi Project Set To Launch WLFI Token Sale October 15
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This article is also available in Spanish. Former President Donald Trump forays into decentralized finance (DeFi) with his initiative, Global financial freedomhas officially begun onboarding users, and the public sale of its WLFI token is scheduled to take place on October 15. This announcement comes as the project aims to…
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Brutal Acid Attack Prompts Executive to Hunt Down His Assailants
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Breadcrumb Trail Links PMN Business It was a cold and sunny Sunday morning on March 4, 2018, and Bernhard Günther spotted snowflakes as he walked through Haan, a quiet and leafy suburb of Düsseldorf. The area is called Musikantenviertel, or musicians’ quarter, for the street names that pay homage to…
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Brutal Acid Attack Prompts Executive to Hunt Down His Assailants
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Breadcrumb Trail Links PMN Business It was a cold and sunny Sunday morning on March 4, 2018, and Bernhard Günther spotted snowflakes as he walked through Haan, a quiet and leafy suburb of Düsseldorf. The area is called Musikantenviertel, or musicians’ quarter, for the street names that pay homage to…
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Can the Government save US ecommerce from Temu and Shein? By Investing.com
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Investing.com – The US government is now facing a growing e-commerce challenge: the growing influence of Chinese retail giants Temu and Shein. Both platforms have revolutionized the US market with their ultra-low-cost products and unique consumer-to-manufacturer business models, providing huge price advantages over local competitors. With the recent proposals made…
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Apollo exec: More investors get access to excess returns
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In an era of high interest rates, Israeli banks are making incredible profits. Many investors want a piece of the credit saving pie, rather than buying stocks or bonds in the public market. To this end, large investment funds such as Apollo Global Management and others have built proprietary investment…
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Somthing is going on with bitcoin and Microstrategy
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Bitcoin daily Bitcoin is up 4.5% today as it erases the past two days of selling. It’s a nice move but it brings things back to how they were over the past eight months. Wake me up when it breaks the $50-70k range. What catches my attention today is Microstrategy,…
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Factbox-China unveils fiscal stimulus measures to revive growth By Reuters
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BEIJING (Reuters) – China’s Finance Ministry on Saturday unveiled a fiscal stimulus package aimed at reviving the faltering economy and achieving the growth target set by the government, but did not reveal the size of the new measures. The ministry said in a press conference that it would “significantly” increase…
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Bain makes binding offer for Fuji Soft, 7% higher than rival KKR By Reuters
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TOKYO (Reuters) – U.S. buyout fund Bain Capital has made a binding offer to buy FujiSoft for 9,450 yen per share in a deal that values the Japanese software developer at $4 billion and outperforms rival KKR by about 7 percent. Bain said in a statement on Friday that it…
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Bitcoin-Centric Strategy: Saylor Envisions MicroStrategy As The Leading Bank For Crypto
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In a recent interview with analysts from the research and brokerage firm Bernstein, MicroStrategy founder Michael Saylor articulated his ambitious vision for the company: to transform it into the leading Bitcoin (BTC) bank. During the interview, Saylor emphasized BTC’s importance as a valuable asset, stating that his ultimate goal is…
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China’s briefing on stimulus gets lukewarm investor reception
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SINGAPORE (Reuters) – China said on Saturday it would significantly increase government debt issuance to provide support to low-income people, support the property market and replenish state banks’ capital as part of its efforts to revive faltering economic growth. Finance Minister Lan Fuan told a news conference that there would…
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Goldman Sachs: EUR should now be the preferred funding currency over CHF and JPY
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Goldman Sachs suggests that the euro should now be considered the financing currency of choice, especially compared to the Swiss franc and Japanese yen, given current market conditions and expectations for the currency’s performance. Key points: The company uses its market systems framework to analyze forex performance based on return…
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Analysts Explain Why The Bull Cycle Is Far From Over
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This article is also available in Spanish. Bitcoin’s ongoing recovery, reclaiming the $62,000 price mark once again today, has sparked renewed optimism in the cryptocurrency community. According to another analysis According to CryptoQuant analyst Crypto Dan, the current market is still in the middle of a bull cycle, with promising…