Category: Finance
-
Cross-chain hub Interport Finance joins Chainlink BUILD
•
Interport Finance, a DeFi protocol offering fast cross-chain exchanges and bridging solutions, has joined the Chainlink BUILD program. The project will leverage Chainlink’s oracle services and technical support to enhance its ecosystem. The Interport Finance team announced on Thursday that key areas of focus will include broader DeFi growth and…
-
Cross-chain hub Interport Finance joins Chainlink BUILD
•
Interport Finance, a DeFi protocol offering fast cross-chain exchanges and bridging solutions, has joined the Chainlink BUILD program. The project will leverage Chainlink’s oracle services and technical support to enhance its ecosystem. The Interport Finance team announced on Thursday that key areas of focus will include broader DeFi growth and…
-
Japan finance minister Suzuki says rapid FX moves are undesirable
•
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks 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…
-
Moody’s downgrades Kenya after rejection of Ruto’s Finance Bill 2024
•
Global rating agency Moody’s on Tuesday downgraded Kenya’s credit rating, citing the country’s inability to implement austerity measures due to the withdrawal of the unpopular Finance Bill 2024. The downgrade means Kenya’s local and foreign currency debt obligations have moved further into junk territory, from ‘B3’ to ‘Caa1’. A junk…
-
Finance CEO Raoul Pal Says Crypto Will Reach $100 Trillion Market Cap
•
Raul Balco-founder and CEO of Real Vision Group, expects that Global Cryptocurrency Market The stock market will reach a market cap of $100 trillion. The financial expert maintained his strong bullish stance on the future of the industry, outlining several reasons why he believes the market will jump 44 times…
-
Kevin Costner mortgaged one of his properties to finance ‘Horizon’ but movie flops
•
” A Quiet Place: Day One “It’s making waves at the box office. The film grossed an estimated $53 million in its first weekend in North American theaters, according to studio estimates Sunday. It’s a much better franchise and a much bigger one than expected. Heading into the weekend, Day…
-
Japan ‘deeply concerned’ about rapid, one-sided forex moves, finance minister says By Reuters
•
TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Friday that authorities were “deeply concerned” about the impact of “rapid and biased” foreign exchange movements on the economy, with the yen falling to a 38-year low above 161 yen. per dollar. Speaking at a regular news conference, Suzuki said…
-
Simply Asset Finance Secures £120m Loan Facility from Bank of America to Boost UK Business Lending
•
Simply Asset Finance has announced a major milestone, securing a £120 million loan facility from Bank of America. This new facility, initially set at £60 million with potential to expand to £120 million, will significantly enhance Simply Asset Finance’s ability to finance businesses across the UK. The agreement strengthens Bank…
-
Blockchain can combat illicit fund transfers, Nigeria’s top finance investigator says
•
Blockchain technology and artificial intelligence can be used to combat illicit activities, said Olanipekun Olukoyede, Chairman of the Nigerian Economic and Financial Crimes Commission. The stakes are high for Africa, with the continent losing $88.6 billion annually to illicit money flows. According to the Guardian, Olukwede expressed concern that the…
-
President Ruto directs Sh346 billion budget cut after Finance Bill rejection
•
President William Ruto has directed the National Treasury to prepare a mini-budget for the financial year starting in July after rejecting the 2024 Finance Bill, which was expected to raise an additional Sh346 billion. President Ruto on Friday signed the 2024 Fiscal Appropriation Bill, which allows the national government and…
-
State eyes Sh56bn passport, immigration fees after Finance Bill fail
•
The Treasury is targeting at least Sh55.8 billion in administrative fees and charges for services such as issuing national identity cards, passports, work permits and marriage certificates in the next financial year starting in July, up from Sh28.3 billion last year. The extra billions are crucial in a year when…
-
Why MPs won’t be recalled for special sitting on Finance Bill
•
The National Assembly will not be summoned for a special session to consider President William Ruto’s reservations on the now-abandoned controversial Finance Bill, 2024 that sparked mass protests and breaches of Parliament Buildings on Tuesday. National Assembly Speaker Moses Wetangula, who received President Ruto’s memorandum of reservation over his refusal…
-
Explainer: What happens if Parliament rejects Finance Bill 2024 in totality
•
The Treasury presented a worst-case scenario if the entire finance bill is rejected in the National Assembly, warning of major spending cuts in a forced shake-up of the government’s spending plans. According to the Treasury, rejecting the bill would open a Sh200 billion revenue gap, leading to cuts of the…
-
Explainer: What happens if Parliament rejects Finance Bill 2024 in totality
•
The Treasury presented a worst-case scenario if the entire finance bill is rejected in the National Assembly, warning of major spending cuts in a forced shake-up of the government’s spending plans. According to the Treasury, rejecting the bill would open a Sh200 billion revenue gap, leading to cuts of the…
-
PNB Pranam Fixed Deposit Scheme for Senior Citizens
•
The PNB PRANAM Fixed Deposit Scheme is designed for individuals aged 55 to 60, allowing for a minimum deposit of Rs.100 and a maximum of Rs.1,99,99,999. Its key features include: Eligibility Deposit Amount Deposit Period During the tenor of deposit, under both the options, the account holder must attain the…
-
Finance Bill: MPs drop ‘punitive’ taxes as Kenyans protest
•
The National Assembly Finance Committee bowed to pressure from various stakeholders and dropped a number of controversial provisions in the 2024 Finance Bill, even as Kenyans took to the streets in Nairobi on Tuesday morning to protest the proposed laws. This afternoon, the committee is expected to submit its report…
-
“Unlocking the Internet of Value:” RippleX’s SVP Markus Infanger on Transforming Finance
•
Blockchain technology is poised to reshape the financial world, and Ripple is at the forefront of this transformation, with its XRP Ledger pushing the boundaries of what’s possible. Amid the vibrant energy of the XRP Ledger Apex 2024, an exclusive interview with Markus Infanger, VP of Product at Ripple, shed…
-
Finance Magnates London Summit is Returning for its 13th Year!
•
Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
-
IAC Inc. announces senior finance officer’s departure By Investing.com
•
NEW YORK – IAC Corporation (NASDAQ:IAC), a leading computer programming and data processing services company, has announced a major change to its executive team. Eric Bradbury, the Company’s Senior Vice President and Controller, as well as its Chief Accounting Officer, has announced his resignation, effective August 9, 2024, to pursue…
-
IAC Inc. announces senior finance officer’s departure By Investing.com
•
NEW YORK – IAC Corporation (NASDAQ:IAC), a leading computer programming and data processing services company, has announced a major change to its executive team. Eric Bradbury, the Company’s Senior Vice President and Controller, as well as its Chief Accounting Officer, has announced his resignation, effective August 9, 2024, to pursue…