Category: Risks
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RBA Kept Its Rates At 4.35% And Highlighted Increased Inflation Risks
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As expected, the Reserve Bank of Australia (RBA) kept official interest rates at 4.35% for the sixth consecutive meeting in June. In its official statement, the Reserve Bank of Australia acknowledged that economic and wage growth had weakened, and that the unemployment rate had risen since its meeting in May.…
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Treasury fears trouble with IMF, debt risks
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The Treasury has intensified its pressure on Parliament to adopt punitive tax measures contained in the draft finance bill, saying it will help narrow Kenya’s budget deficit and reduce the desire to borrow. Principal Treasurer Chris Kipto said the higher taxes and new taxes proposed in the bill were needed…
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Swiss Finance Minister flags legal risks to winding up global banks By Reuters
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ZURICH (Reuters) – International financial authorities must take into account the legal risks surrounding the potential liquidation of global banks, Swiss Finance Minister Karin Keller-Sutter said on Wednesday. In an interview with the Frankfurter Allgemeine Zeitung newspaper, Keller Sutter was asked whether the rules for dealing with banks deemed “too…
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China’s manufacturing surges, Caixin PMI shows, but global risks grow By Reuters
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BEIJING (Reuters) – Factory activity in China grew at the fastest pace in nearly two years in May thanks to gains in production and new orders, especially at small businesses, a private sector survey showed on Monday, raising expectations for the second quarter. The Caixin/S&P Global Manufacturing PMI rose to…
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Close to 1 in 2 Thais Worried About Being Scammed As Real-Time Payment Risks Grow By Investing.com
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45% of Thais are more concerned about being tricked into paying a criminal BANGKOK–(Business Wire/AETOSWire)–(NYSE: FICO) Highlights Payment fraud is the top financial crime that worries 45% of Thais Concerns about identity theft remain, with 61% believing they have been or may have been victims 36% of Thai consumers consider…
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ECB’s Wunsch Warns That Risks to Inflation Outlook Persist
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Breadcrumb links BMN Business ECB Governing Council member Pierre Funche still sees risks to consumer prices – including a weakening of the euro if monetary policy deviates too far from the US. Article writer: Bloomberg News Mark Schruers Published on May 8, 2024 • 2 min read You can save…