Category: Foreign
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EV maker VinFast’s losses heap pressure on parent Vingroup as foreign investors sell
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Written by Francesco Guarascio and Phuong Nguyen HANOI (Reuters) – Vietnam’s Vingroup faces renewed scrutiny over its strategy to support loss-making electric car maker VinFast, with its shares near multi-year lows as foreign investors sell off and borrowing costs rise. Pressure on the company, a household name in Vietnam with…
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US Bond ‘Death Spiral’ Risk Brushed Aside by Foreign Funds
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(Bloomberg) — Whether you’re talking to Europe’s biggest CFO, Australia’s giant pension funds, or a cash-rich insurance company in Japan, there’s a resounding message you’ll hear when it comes to U.S. Treasuries: They’re still hard to come by. Defeated. Most read from Bloomberg Four months after new Vice President J.D.…
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Treasuries ‘Death Spiral’ Risk Is Brushed Aside by Foreign Funds
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Breadcrumb links BMN Business Whether you’re talking to Europe’s biggest CFO, Australia’s giant pension funds, or a cash-rich insurance company in Japan, there’s a resounding message you’ll hear when it comes to US Treasuries: they’re still hard to beat. Article writer: Bloomberg News Ruth Carson and Alice Gledhill Posted on…
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Rachel Reeves to lead Davos 2025 delegation in bid to win over foreign investors
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Rachel Reeves, the finance minister, is preparing to lead a team of ministers and advisers to the 2025 World Economic Forum in Davos, aiming to attract international backers and calm anxiety among local businesses. Reeves, who has attended Davos as a shadow advisor for the past two years, is scheduled…
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Travelling internationally? How to order foreign currency ahead of time.
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Do you have a big international trip on the horizon? Before you go, consider converting some of your money into the local currency of your destination before you leave. Currency exchange rates at airports are often unfavorable, and you may need cash to take a taxi or grab a snack…
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Foreign investment up 40% in 2023, thanks to one deal
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The Office of the Chief Economist at the Ministry of Finance released its annual report on foreign investment in Israel for 2023. According to the report, while inward investment globally declined by 20%, the picture in Israel was more complex. In 2023, total foreign investment in Israel reached $32.9 billion,…
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Israel to lure foreign AI experts with meager budget
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As the world competes intensely for AI talent, the Israel Innovation Authority is presenting a plan with an exceptionally low budget of $1.8 million to bring AI experts to Israel. This small amount is supposed to fund a pilot program that will bring in 200 experts over three years –…
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Foreign airlines stay away amid local squabbles
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Despite the ceasefire in the north, less than ten foreign airlines announced the resumption of Israel flights. There are many obstacles that foreign airlines want before their return. This leaves the aviation and tourism sector in Israel in a deep crisis and it seems that there is no solution on…
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Market forecast: ‘huge sucking sound’ of foreign capital to flood in
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A senior economist said that Wall Street is flying high in light of the expected Republican victory in the elections, which raises hopes for tax cuts and deregulation, which makes American financial markets more attractive to the rest of the world. in Interview on Bloomberg Channel Mohamed El-Erian, Allianz’s chief…
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Foreign airlines seek legal changes before returning to Israel
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Representatives of foreign airlines in Israel sent a letter to the legal advisor of the Knesset Economic Affairs Committee requesting that the Aviation Services Law be amended. The amendment would make things easier for foreign airlines affected by the disruptions resulting from the war. Airlines include low-cost and legacy carriers…
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Foreign airlines seek legal changes before returning to Israel
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Representatives of foreign airlines in Israel sent a letter to the legal advisor of the Knesset Economic Affairs Committee requesting that the Aviation Services Law be amended. The amendment would make things easier for foreign airlines affected by the disruptions resulting from the war. Airlines include low-cost and legacy carriers…
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Taiwan regulator approves foreign crypto ETFs for professional investors
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Taiwan’s financial regulatory authority has allowed professional investors to access forex exchange-traded funds through local brokers. Professional investors in Taiwan can now access forex exchange-traded funds through local securities firms, as approved by the Financial Supervision Commission to diversify investment options while managing associated risks. According to September 30 press…
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Banks start compliance with foreign customers reporting requirement
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Local banks are expected to fully comply this month with the requirement to share details of foreign accounts with the Kenya Revenue Authority (KRA), in order to transfer them to the relevant jurisdictions after the deadline of August 31, 2024. Commercial banks began identifying foreign clients holding accounts in Kenya…
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Russia discussing hefty hike in ‘exit tax’ for foreign firms, RBC reports By Reuters
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MOSCOW (Reuters) – Russian authorities are discussing increasing the one-time contribution foreign companies leaving the country must make to the state budget to 40 percent from 15 percent, the RBC daily reported on Friday, citing four sources. Russia has steadily tightened exit requirements for foreign companies since Western sanctions were…
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Foreign residents gradually returning to Israel’s housing market
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Some 28,000 Jews have immigrated to Israel since the start of the war, according to figures from the Ministry of Aliya and Integration. Estimates are that a few more thousand will arrive by the end of 2024, meaning there is a significant decrease from the 46,600 immigrants in 2023. Alongside…
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Nigeria’s Crypto Tax Reform To ‘Boost Foreign Investment’
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Nigeria’s financial authorities recently announced plans to overhaul the tax system to include crypto assets. A Nigerian organization has hailed the upcoming proposal, which aims to update existing policies and adapt to the evolving financial landscape, describing the effort as a “game-changer” for the country’s economic growth. FIRS tax reform…
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Foreign airlines resume Tel Aviv flights after pre-emptive strike
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It was business as usual at Ben Gurion Airport today, with 60,900 passengers expected to pass through on 353 international flights arriving and departing. Yesterday, more than 50,000 passengers passed through the airport, despite Israeli airspace being closed for several hours in the morning due to the Israel Defense Forces’…
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Taiwan deputy foreign minister to attend Pacific Islands Forum By Reuters
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TAIPEI (Reuters) – Taiwan’s deputy foreign minister will attend a meeting of Pacific island leaders in Tonga this week, the foreign ministry said on Sunday, as China and the United States vie for influence in the region. The Pacific is also an area of competition between Taipei and Beijing, with…
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Russia to Launch 2 Crypto Exchanges Aimed at Foreign Economic Activity—Details
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To boost its offshore economic activity, Russia plans to launch two major cryptocurrency exchanges in its region — one in Moscow and the other in St. Petersburg. According to a reportThe initiative highlights Russia’s “strategic” move to integrate digital assets into its economy, focusing on the creation and use of…
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Russia to Launch 2 Crypto Exchanges Aimed at Foreign Economic Activity—Details
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To boost its offshore economic activity, Russia plans to launch two major cryptocurrency exchanges in its region — one in Moscow and the other in St. Petersburg. According to a reportThe initiative highlights Russia’s “strategic” move to integrate digital assets into its economy, focusing on the creation and use of…