Category: Finance
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Japan watching yen moves closely, finance minister says after stocks rout By Reuters
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Written by Makiko Yamazaki and Satoshi Sugiyama TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Monday authorities were closely monitoring exchange rate movements after the Japanese currency fell to its biggest one-day drop since 1987. He said it was desirable for foreign exchange rates to move stably and…
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Top 5 Tax-Saving Investments for Indian Investors
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As an Indian investor, managing your finances effectively is crucial to achieving your long-term goals. With the Indian government collecting a significant portion of its revenue from individual taxpayers, it’s essential to understand the tax landscape and make informed decisions to minimize your tax liability. According to recent data, there…
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Abrdn finance chief Jason Windsor to replace Stephen Bird as CEO, Financial Times reports By Reuters
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(Reuters) – Jason Windsor, the chief financial officer of British fund manager Aberdeen, is the frontrunner to take over as chief executive of the company after Stephen Bird leaves, the Financial Times reported on Saturday. The newspaper reported, citing two sources close to the process, that Windsor could be formally…
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A Beginner’s Guide to Understanding Credit Scores in India
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By Yogesh, Founder of BANKPEDIAA As a finance expert with 8 years of experience in banking, I’ve seen many young individuals struggle to understand the concept of credit scores. With 3 years of experience in handling loan seats, I’ve gained valuable insights into the importance of credit scores in securing…
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7 Ways to Boost Your Emergency Fund in India
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Emergency Fund in India: Having an emergency fund in place is crucial for financial stability and security. It serves as a safety net, helping you navigate unexpected expenses, job losses, or medical emergencies without going into debt. In India, where financial uncertainties are common, building an emergency fund is essential.…
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BASIC bloc slams ‘leadership void’ on climate change, finance By Reuters
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By David Stanway SINGAPORE (Reuters) – Rich nations have left a “leadership vacuum” in climate policy and should provide trillions of dollars to help developing countries cut greenhouse gas emissions, the Group of 10 rich nations including Brazil, South Africa, India and China said late on Wednesday. Ministers from the…
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Japan finance minister Suzuki scolds government minister speaking about markets
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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…
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Owlto Finance secures new funding at $150m valuation
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Cross-chain interoperability protocol Owlto Finance has raised fresh funds in a round backed by Matrixport, pushing its valuation to $150 million. Owlto Finance, an interchain interconnection service developed as an Ethereum Layer 2 stacking solution, has raised fresh capital in a funding round backed by Matrixport, raising its valuation to…
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China Property Crash Is Battering a Niche Pocket of ESG Finance
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Breadcrumbs Path Links PMN Business China’s slowing property market is weighing on another corner of the financial market: ESG-rated secured debt. Article author: Bloomberg News Ishika Mukherjee Published on July 14, 2024 • Read for 2 minutes You can save this article by registering for free here. Or log in…
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Cross-chain hub Interport Finance joins Chainlink BUILD
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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…
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Cross-chain hub Interport Finance joins Chainlink BUILD
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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…
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Japan finance minister Suzuki says rapid FX moves are undesirable
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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…
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Moody’s downgrades Kenya after rejection of Ruto’s Finance Bill 2024
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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…
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Finance CEO Raoul Pal Says Crypto Will Reach $100 Trillion Market Cap
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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…
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Kevin Costner mortgaged one of his properties to finance ‘Horizon’ but movie flops
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” 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…
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Japan ‘deeply concerned’ about rapid, one-sided forex moves, finance minister says By Reuters
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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…
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Simply Asset Finance Secures £120m Loan Facility from Bank of America to Boost UK Business Lending
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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…
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Blockchain can combat illicit fund transfers, Nigeria’s top finance investigator says
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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…
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President Ruto directs Sh346 billion budget cut after Finance Bill rejection
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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…
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State eyes Sh56bn passport, immigration fees after Finance Bill fail
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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…