By Donny Kwok and Anne Marie Roantree HONG KONG (Reuters) – In an effort to avoid defaulting on its debts, cash-strapped China Evergrande Group on Wednesday announced plans to sell a 9.99 billion yuan (1.5 billion dollars) in Shengjing Bank Co Ltd to a state-owned asset management company. Shengjing Bank, …
Read More »ASK TONY: The thwarted pilgrimages left me praying that I could get £ 1,500 back!
I booked two pilgrimages with Joe Walsh Tours to Medjugorje in Bosnia and Herzegovina and Padua [Padua] in Italy. Both have been postponed from the original dates to 2021. I made payments of £ 574 and £ 50 by check in December 2019. I paid the balance of £ 900 …
Read More »Former AFCON Super Eagles winner joins Rangers
Former Super Eagles winger Ejike Uzoenyi is set for a sensational return to the Nigerian Professional Football League (NPFL) seven years after leaving the domestic scene. According to an official statement released on Monday by Rangers International FC, a deal has been successfully negotiated with the small left winger, who …
Read More »Economic crisis in Lebanon: Currency Board would stabilize the economy
(johan10 / Getty Images) A currency board would stabilize the Lebanese economy. Aclose Thirteen months in limbo, Lebanon finally formed a government on September 10. It is headed by Najib Mikati, billionaire and seasoned politician. As prime minister, Mikati faces the daunting task of bringing the Lebanese economy back from …
Read More »Nepal’s transition to green, resilient and inclusive development (GRID) for sustainable recovery, growth and jobs
In 2021, Nepal adopted the Green, Resilient and Inclusive Development (GRID) approach to systematically address the impacts of COVID-19 and Nepal’s structural challenges, including slow national job creation, strong vulnerability to climate change and environmental degradation, low inclusion rates, and significant infrastructure gaps. The GRID approach involves a fundamental change …
Read More »The Balkans becomes fertile ground for crypto scams
The Balkans are emerging as a hotbed of crypto scams, due to the region’s rambling financial regulations. Cryptocurrency trading on the peninsula has grown significantly, but the varying degrees of legal implementation in the Balkan countries is attracting a criminal element. In Croatia, for example, cryptocurrencies are not considered as …
Read More »Bosnian Federation banks increase their net profit in the first half of the year
SARAJEVO (Bosnia and Herzegovina), September 20 (SeeNews) – Combined net profit of the Bosnian Federation banking sector reached 150.7 million mark ($ 90.2 million / ⬠77 million) in the first half 2021, up from 105.5 million mark in the same period a year earlier, the entity’s bank agency said. …
Read More »Why is China’s development a problem?
Houhai area in the Nanshan District of Shenzhen, south China’s Guangdong Province, September 17, 2020. / Xinhua Houhai area in the Nanshan District of Shenzhen, south China’s Guangdong Province, September 17, 2020. / Xinhua Editor’s Note: Ismail Bashmori is an Egyptian observer who lives in Toronto, Canada. This is an …
Read More »Press release on the AQR carried out in Montenegro
Press release on the AQR carried out in Montenegro 09/15/2021 The first ARQ carried out outside the EU according to the ECB’s methodology confirmed the stability of the banking sector in Montenegro In line with the recommendations of the 2016 FSAP mission, the Central Bank of Montenegro (CBCG) launched the …
Read More »11th Global Islamic Finance Awards Celebrate Outstanding Leaders in Islamic Finance Market
The global Islamic financial services industry had assets under management worth approximately US $ 2,941 billion at the end of 2020 (Global Islamic Finance Report 2021). An industry experiencing strong performance in 2019 is expected to grow even more, however, many expected developments in the Islamic finance industry have slowed …
Read More »Bosnia’s GDP grows 14.7% year-on-year in second quarter
SARAJEVO (Bosnia and Herzegovina), Sept. 14 (SeeNews) – Bosnia and Herzegovina’s economy grew by around 14.7% year-on-year in the second quarter of 2021, the country’s central bank said. The growth rate of real gross domestic product (GDP) in the first half of 2021 is estimated at 8%, the central bank …
Read More »3 pitfalls of using an online bank
When it comes to opening a check or savings account, you have the choice. You can use a brick and mortar bank, or you can use a online bank. Online banking certainly has their advantages. On the one hand, they don’t have the same amount of overheads as physical banks, …
Read More »New impetus is needed to put an end to the stalled European banking union – Villeroy
PARIS, September 10 (Reuters) – European efforts to build a more unified cross-border banking system have come to a standstill amid opposition to deposit guarantee schemes, the head of France’s central bank said on Friday, urging new impetus to complete the project. In a speech at a conference in Slovenia, …
Read More »Nigerian Access Bank to issue Eurobonds next week
By Chijioke Ohuocha ABUJA, September 9 (Reuters) – Access bank ACCESS.LG, Nigeria’s largest lender, expects to problema dollar-denominated bond next week after a series of investor meetings this week, subject to market conditions, the bank said Thursday. Access Bank seeks to issue senior five-year unsecured bond and asked Absa, Barclays, …
Read More »Save money, transact faster: Stablecoins as an alternative to traditional banking services
By Slobodan Sudaric, partner of the Protocol Economics team at cLabs, working on Celo Around the world, inflation and slow, expensive transactions have been the norm in traditional financial systems for decades. That is to say until the emergence of crypto-currencies. When Bitcoin and its successors entered the scene, they …
Read More »Moody’s and S&P confirm credit ratings for Bosnia and Herzegovina
SARAJEVO (Bosnia and Herzegovina), September 3 (SeeNews) – Global rating agencies Moody’s and Standard & Poor’s have confirmed their respective credit ratings for Bosnia and Herzegovina, the country’s central bank said. Moody’s has confirmed its B3 credit rating, while Standard & Poor’s has confirmed its B credit rating for Bosnia …
Read More »Deutsche Bank regains its IPO sponsor license in Hong Kong
HONG KONG, September 2 (Reuters) – German Bank DBKGn.DE regained its initial public offer (IPO) sponsor license in Hong Kong after it was suspended in June following the departure of key staff, according to a notice posted on the market watch body’s website from the city. Regulators put the license …
Read More »New World Bank Project To Expand Internet Access In Marshall Islands
$ 30 million Digital RMI project will increase access to digital economy, promote investment WASHINGTON DC, August 31, 2021 – The World Bank Board of Directors approved a $ 30 million project in the Marshall Islands, where broadband internet access remains extremely limited and expensive, which will ensure faster, more …
Read More »Indonesia c.bank publishes new banking rules on compulsory loans to MSMEs
JAKARTA, September 2 (Reuters) – Indonesia’s central bank has released new rules to make it easier for banks to meet requirements to support small and medium-sized businesses, in a move also aimed at strengthening economic recovery from the COVID-19 pandemic, he said. she said in a statement. The new rules …
Read More »Australian stocks rise on boost from Fortescue, bank losses cap gains
Band Arundhati Dutta August 30 (Reuters) – Australian stocks edged higher on Monday, led by Fortescue Metals after the miner reported a record annual profit, although losses in heavy bank stocks capped gains. The S & P / ASX 200 Index .AXJO rose 0.2% to close at 7,504.5. The benchmark …
Read More »Turkish Central Bank reserves rise to $ 105.8 billion in July
Turkey’s central bank’s total reserves stood at $ 105.8 billion as of July 31, the bank said on Friday. Official reserve assets jumped 8.3 percent from $ 97.7 billion at the end of June, according to the bank’s report on international reserves and foreign currency liquidity. In July, foreign exchange …
Read More »This analyst positive on SoFi Stock while the banking charter is at hand
THElast week it was reported that SoFi Technologies (SOFI) CEO Anthony Noto spent nearly $ 100,000 to acquire 7,150 SoFi shares. As the CEO of the company, it’s probably not too surprising to learn that Noto is a fan, but he’s not the only one. analyst Rosenblatt Sean Horgan SoFi …
Read More »CANADIAN EQUITIES-TSX retreats from record closing high as bank stocks fall
By Amal S and Nichola Saminather August 26 (Reuters) – The main Canadian stock index paused on Thursday after hitting a new closing high in the previous session, as bank stocks fell amid concerns over the impact of a further tax hike on companies proposed by the ruling Liberal Party. …
Read More »Small Oklahoma Bank Lets Customers Buy Crypto On Its Mobile App
A bank based in Tulsa, Oklahoma, is inserting a crypto buying function into its mobile banking app. Vast Bank (formerly Valley National Bank) tested crypto purchases with money from their bank accounts throughout the first half of the year and is now ready to buy customers bitcoins and seven other …
Read More »IMF allocates SDRs worth 603 million marks (308 million euros) to Bosnia
SARAJEVO (Bosnia and Herzegovina), August 24 (SeeNews) – The International Monetary Fund (IMF) has allocated 254 million Special Drawing Rights (SDRs) worth 602.5 million marks ($ 361 million / 308 million euros) to Bosnia and Herzegovina, the bank said on Tuesday. The central bank will distribute the funds based on …
Read More »The influx of more than 670 million BAM of foreign direct investment registered in Bosnia and Herzegovina
The inflow of foreign direct investment in Bosnia and Herzegovina in 2020 was BAM 678.2 million, according to data from the Central Bank of Bosnia and Herzegovina (CBBH), which released the results of the statistical survey. on foreign direct investment for 2020. In terms of geographic distribution, the largest influx …
Read More »Indonesia revamps banking rules to drive digital transformations
JAKARTA, August 20 (Reuters) – Indonesia has revised banking regulations to push lenders to accelerate their digital transformations, the financial regulator said on Friday, as digital banking explodes in Southeast Asia’s largest economy. The regulations unveiled Thursday will take effect in late October and set out requirements for digital banks, …
Read More »Web research reveals changes in banking industry as new entrants multiply
IWhile Internet searches can serve as a sort of popularity contest, the banking institutions that have garnered the most attention over the past five years are not America’s biggest banks. It is financial technology – or “fintech” – companies that have become particularly attractive during the pandemic. Searches for digital …
Read More »FDI in Bosnia amounts to 678 million marka (347 million euros) in 2020 – c-bank
SARAJEVO (Bosnia and Herzegovina), Aug. 18 (SeeNews) – Foreign direct investment (FDI) in Bosnia totaled 678.2 million marka (406 million dollars / 347 million euros) last year, an increase 81 million mark compared to revised data for 2019, the country’s central bank said. The influx of FDI can be described …
Read More »Bosnian central bank governor expects 3.4% GDP growth in 2021 – report
SARAJEVO (Bosnia and Herzegovina), Aug.16 (SeeNews) – Bosnian central bank governor Senad Softic expects the country’s gross domestic product (GDP) to grow by 3.4% real this year, the central bank said. âThe fall cycle of macroeconomic projections, based on quarterly figures from mid-2021 and monthly data available for the third …
Read More »Central Bank of Bosnia and Herzegovina celebrates 24th anniversary
Today, 24 years ago, the Central Bank of Bosnia and Herzegovina (CBBH) began operations. According to the Constitution of Bosnia and Herzegovina, this institution is solely responsible for the issuance of currency and monetary policy in the whole of BiH. According to the CBBH Law, the objective of the Central …
Read More »Bosnian stock indices end the week mixed amid rising revenue
SARAJEVO (Bosnia and Herzegovina), Aug. 13 (SeeNews) – The stock indexes of the Sarajevo Bosnian Stock Exchange (SASE) closed largely lower on Friday, relative to their values ââa week earlier, as the index of benchmark of the other stock exchange of the country, in Banja Luka, pink, showed the data …
Read More »Indian stocks hit record high as banks and financials gain
A bird flies over the Bombay Stock Exchange (BSE) building in Mumbai, India on January 31, 2020. REUTERS / Francis Mascarenhas / File Photo BENGALURU, Aug. 13 (Reuters) – Indian stocks hit a record high on Friday, with banking and financial stocks leading the gains, as the country’s retail price …
Read More »DBS Bank Gets Green Light From Singapore Regulator To Provide Crypto Services
The brokerage arm of Singapore’s DBS Bank has received “in principle” approval from the country’s financial regulator to begin offering crypto services to asset managers and businesses. DBS Vickers has received the green light from the Monetary Authority of Singapore (MAS) under the country’s Payment Services Act, according to a …
Read More »HR Schmidt underlines the importance of the Central Bank of Bosnia and Herzegovina for stability and development
High Representative Christian Schmidt met today in Sarajevo with the Governor of the Central Bank of Bosnia and Herzegovina (CBBH), Senad SoftiÄ. High Representative Schmidt expressed the need for a strong and independent CBBH, a Dayton institution that has safeguarded the stability of the monetary and financial sector of Bosnia …
Read More »Ilia Galabov, National Bank of Bulgaria
What are the top three reasons your institution joined RAMP? As one of the first members of RAMP, we joined in 2001 and remain a member for many reasons. First, we have access to resource-intensive investment strategies in accordance with best practices, and we use external managers to compare our …
Read More »A cordial agreement with France is announced – once Macron leaves
British Chinook helicopters transport French troops in jihadist wars in the Sahel. The two countries defend their respective interests in the Pacific. They are jointly working on nuclear warheads. The Franco-British Rapid Reaction Force (CJEF) reached full capacity late last year, capable of deploying 10,000 men on land, sea and …
Read More »GCC countries back on track for economic growth after pandemic contraction
More reforms are needed to achieve economic diversification and improve competitiveness Riyadh, August 4, 2021- After a year of economic distress, the economies of the Gulf Cooperation Council (GCC) are expected to regain overall growth of 2.2% in 2021, according to the latest issue of the World Bank‘s Gulf Economic …
Read More »Chinese regulator targets auto chip distributors with predatory pricing investigation
SHANGHAI (Reuters) – China’s regulatory agency is launching an investigation into auto industry chip distributors, it said on Tuesday, citing suspicions of price hikes. The State Administration for Market Regulation (SAMR) action is the latest in a regulatory crackdown over the past year that has targeted a range of businesses …
Read More »The Central Bank of BiH acted as a banking and fiscal agent
For 20 years, the Central Bank of Bosnia and Herzegovina (CBBH) has been successfully performing banking and fiscal agent activities and servicing our country’s external debt. The successful execution of agent functions involves a high level of responsibility in the execution of the orders of the Ministry of Finance and …
Read More »New envoy to Bosnia and Herzegovina: “I bet on the younger generation” | News and current affairs in Germany and around the world | DW
DW: On August 1, you take up your post as the new International High Representative for Bosnia and Herzegovina in Sarajevo, when the country is perhaps facing its worst crisis. Young people are leaving, there is political unrest and the office has been weakened by your predecessors in recent years. …
Read More »Lloyds Banking to acquire Embark group
(RTTNews) – Lloyds Banking Group (LLOY.L, LYG), on Thursday announced plans to acquire Embark Group, an investment and retirement platform company. The acquisition is expected to be completed in the fourth quarter of 2021, subject to regulatory approvals. Embark strengthens the Group’s capabilities to address the attractive mass market and …
Read More »bne IntelliNews – High Representative uses powers to ban denial of genocide in Bosnia
High Representative Valentin Inzko introduced amendments to the Bosnian Penal Code on July 23, sanctioning the glorification of war criminals convicted with final and binding judgments and the denial of genocide, crimes against humanity and war crimes, the Office of the High Representative (OHR) said in a press release. The …
Read More »Big four auditors fail to meet UK regulators’ expectations
Britain’s accounting regulator said audits by the Big Four accounting firms and smaller rivals had fallen short of expectations, raising troubling questions about the financial statements investors rely on. The Financial Reporting Council, which oversees the UK branches of international audit firms, said the performance of Deloitte LLP, Ernst & …
Read More »Myanmar economy expected to contract by 18% in fiscal 2021: report
YANGON, July 26, 2021 – Ongoing political turmoil in Myanmar and a rapidly rising third wave of COVID-19 cases are severely impacting an economy that had already been weakened by the pandemic in 2020. The economy is expected to contract by around 18% in the past. Myanmar’s fiscal year 2021 …
Read More »Launch of the 17th edition of the World Bank Group Economic Update on Rwanda
Amb. Claver Gatete was appointed Minister of Infrastructure on April 6, 2018. Prior to this appointment, he was Minister of Finance and Economic Planning since February 2013. He had previously been Governor of the National Bank of Rwanda (2011 to 2013), previously having as as Deputy Governor. Amb. Gatete served …
Read More »Barclays appoints new co-heads of investment banking
By Lawrence White LONDON, July 20 (Reuters) – Barclays BARC.L promoted JF Astier and John Miller to head of its investment bankbusiness, as part of a new management team to oversee the company that primarily advises on large corporate transactions such as mergers and stock market listings. The bank said …
Read More »Kriptomat 2021 Review • Pros, Cons and More • Benzinga
Investment methods At Kriptomat you can do whatever you want with whatever cryptocurrency you want. When you are looking for investment opportunities or want to get into crypto-banking, you can: Buy and sell 1 or more of the 200 cryptocurrencies Crypto to crypto exchange Open a savings account using cryptocurrency …
Read More »Bank of England warns banks are too reliant on the cloud
The Bank of England is calling for increased powers to oversee the shift from banking and finance to cloud computing. His concerns stem from the adoption of the cloud which makes systems more secret and concentrates sensitive data in the hands of a few tech giants like Amazon and Microsoft. …
Read More »Consumer banking platform Blend Labs rates IPO at high-end $ 18
Blend Labs, which provides a digital platform for lenders to offer mortgages and consumer loans, raised $ 360 million by offering 20 million shares at $ 18, the high end of the 16 at $ 18. Blend Labs’ growing suite of products is currently fueling digitally driven consumer journeys for …
Read More »Bank of America Approves Trading Bitcoin Futures For Certain Clients: Sources
Bank of America, the second largest bank in the United States, has approved the negotiation of bitcoins eventually for some customers, according to two people familiar with the matter who speak on condition of anonymity. Like most institutions, the bank has been cautious in its approach to the crypto industry, …
Read More »Ten best films about journalists in war zones
Undoubtedly, the frequent nature of the wars in the 20e century has given the world some of its greatest famous war reporters. Some of these reporters ended up becoming famous writers. Ernest Hemingway was of course the most famous of them. Today, the recent death of Danish journalist Siddiqui, Pulitzer …
Read More »UniCredit S p A: announces new steps in its commercial simplification
The Group is redesigning the front line of each of its business areas and regions, thereby reducing layering and complexities. Italy is established as an autonomous geography, reflecting the critical importance of this country for the Group, honoring the roots, essence and spirit that underline the origins of UniCredit. Following …
Read More »Southern States Bancshares of Alabama files $ 35 million IPO
SOuthern States Bancshares, an Alabama bank with 15 branches in Alabama and Georgia, filed with the SEC on Thursday to raise up to $ 35 million. Southern States Bancshares is a banking holding company that operates primarily through its wholly-owned subsidiary Southern States Bank, a full-service community banking institution that …
Read More »The Standard Bank of S. Africa to acquire the rest of the insurer Liberty
STandard Bank owns 54% of Liberty To acquire the remaining interest, subject to approvals Shareholders to receive $ 594 million in cash and shares Add details, quotes JOHANNESBURG, July 15 (Reuters) – Lender’s Standard Bank SBKJ.J is to take full control of the insurer Liberty Holdings LBHJ.Jthe two South African …
Read More »UniCredit S p A: wins big across Europe at Euromoney’s Awards for Excellence 2021
Leading European Business and Finance Magazine Names UniCredit Best Bank for Transaction Services in Western Europe and Best Bank for Advisory Central and Eastern Europe UniCredit was named Best Western European Bank for Transaction Services and Best Central and Eastern European Bank for Advisory in Euromoney Award of Excellence 2021. …
Read More »The European Commission has given a positive assessment of the activities of the Central Bank of Bosnia and Herzegovina
The European Commission (EC) and the European Central Bank (ECB) have given positive evaluations on the activities of the Central Bank of Bosnia and Herzegovina which took place in 2020, under extremely complex pandemic conditions, announced the Central Bank of Bosnia and Herzegovina. Bosnia and Herzegovina. âThe Central Bank of …
Read More »Government statistics fail to capture the reality of inflation – OpEd – Eurasia Review
On May 6, 2021, David, freelance journalist based in Paris White House, PhD, conducted an in-depth interview with Professor Steve Hanke, Professor of Applied Economics at Johns Hopkins University in Baltimore. In this unique interview, Professor Hanke stressed that âdeveloping countries facing increased risks of hyperinflation must consider drastic preventive …
Read More »2021: A year of transition for Atos
Adjustment of annual objectives Confirmation of medium-term objectives Paris, July 12, 2021 – Referring to EU regulation n ° 596/2014, which stipulates that issuers must inform the public as soon as possible of inside information that concerns them directly, Atos announces the adjustment of its annual targets for 2021. The …
Read More »Twenty years of the Central Bank of Bosnia and Herzegovina: successful performance of the activities of banking and fiscal agents
For 20 years, the Central Bank of Bosnia and Herzegovina (CBBH) has been successfully performing banking and fiscal agent activities and servicing our country’s external debt. The successful execution of agent functions implies a high level of responsibility in the execution of the orders of the Ministry of Finance and …
Read More »Serbia ignores Western concerns, praises Chinese Marxism – EURACTIV.com
The Capitals brings you the latest news from across Europe, through on-the-ground reporting by EURACTIV’s media network. You can subscribe to the newsletter here. Before starting to read today’s edition of Les Capitales, do not hesitate to consult the article “France hopes for a 5G market of 15 billion euros …
Read More »Turkey lays conditions in international agreements in favor of businessmen close to Erdoğan
Levent Kenez / Stockholm Turkey is stipulating that companies close to Turkish President Recep Tayyip ErdoÄan should be given priority in Turkey-backed infrastructure investments in foreign countries, according to a document obtained by Nordic Monitor. According to the “Agreement between Turkey and Bosnia and Herzegovina on Cooperation in Infrastructure and …
Read More »EU Green Agenda for Western Balkans contains risky geopolitical agenda – Carnegie Europe
In a recent Clingendael Institute Event, Stine Rasmussen, policy officer at the Directorate-General for Climate Action (DG CLIMA), said she was “not very worried about China” as a threat to the European Commission Green agenda for the Western Balkans. It should be. Allison carragher Allison Carragher is a Visiting Fellow …
Read More »Standard Chartered begins offering banking services at its new Saudi headquarters
RIYAD: A rapid response by the Saudi government to the coronavirus pandemic, the active participation of women in the labor market and the economic reforms of Vision 2030 were cited by experts as major factors in the Kingdom’s unemployment rate falling to its lowest level in nearly five years. The …
Read More »UniCredit S p A: EIB and UniCredit sign agreements worth 100 Mn to support SMEs in Bosnia and Serbia
the European Investment Bank (BEI) signed two loan agreements with UniCredit in Serbia and Bosnia and herzegovina with a total value of up to ⬠100 million to increase support for small and medium-sized enterprises (SMEs) and accelerate their recovery from the coronavirus crisis. According to the development bank, the …
Read More »EIB and UCBS sign € 50 million agreement to finance SMEs in Serbia
The European Investment Bank (EIB) and UniCredit Bank Srbija AD (UCBS) have signed an agreement to provide up to ⬠50 million for the financing of small and medium-sized enterprises (SMEs) and mid-sized companies in Serbia in order to help meet the challenge of recovering from the COVID-19 crisis. The …
Read More »Promote sustainable tourism in protected areas for the benefit of local communities ”
The World Bank’s new report, âBanking on Protected Areas: Promoting Sustainable Protected Area Tourism to Benefit Local Communities,â was launched on June 14, 2021. The report estimates the economic impact of tourism in protected areas on local economies and advocates that the promotion of sustainable tourism in protected areas should …
Read More »Clifford Chance gives his opinion on three EWC transactions of the year in 2020
Deal of the year in Estonia was awarded for advice on the inaugural covered bond issue by Luminor Bank, with a total face value of 500 million euros. Clifford Chance advised underwriters on Luminor Bank’s covered bond program and previously advised the arranger on the implementation of Luminor Bank’s EMTN …
Read More »15 countries with the lowest corporate tax rates
In this article, we will list the 15 countries with the lowest corporate tax rates. Click to move forward and go to 5 countries with the lowest corporate tax rates. The G-7 countries have finally agreed to force big tech companies to pay their fair share of taxes. The proposed …
Read More »June 22 Xinhua World Economic News summary at 10:30 am GMT
Sarajevo-Bosnia-Herzegovina (BiH) merchandise exports reached 5.2 billion convertible dollars ($ 3.2 billion) in the first five months of 2021, up 29 percent year-on-year, announced on Monday the Bureau of Statistics of Bosnia and Herzegovina. Imports totaled 7.8 billion marks ($ 4.7 billion), an increase of 18%, officials said. (BiH-Export of …
Read More »Albanian Daily News
Around 34% of Albanians hold cash in euros. The percentage of people who prefer to keep the euro in cash increased in 2020 according to a survey by the Central Bank of Austria last year in 10 countries in the regions of Central, Eastern and South-Eastern Europe. The preference for …
Read More »Bosnian woman receives Green Nobel Prize for fighting to save the river – Global Banking & Finance Review
By Daria Sito-Sucic KRUSCICA, Bosnia (Reuters) – Maida Bilal was beaten and harassed when she spent more than 500 days guarding the site of a mini hydropower plant on the Kruscica River in Bosnia with a team of women from her village before the cancellation of building permits. This battle …
Read More »Europe reopens to Americans as travel awakens
Share Tweeter Share Share Share E-mail Today, the last big step of the journey has been taken: Europe is reopening its doors to travelers from all over the world. The European Union recommends its 27 member countries to start lifting the restrictions they have placed on travelers from the United …
Read More »Australian stocks advance on energy, banking gains; Fed meets eyes
June 16 (Reuters) – Australian stocks edged higher on Wednesday, helped by gains in the energy and banking sectors, as investors refrained from making big bets ahead of the outcome of the US Federal Reserve meeting later in the day. The ASX 200 benchmark .AXJO rose 0.2% to 7,390.7 at …
Read More »bne IntelliNews – International banking groups seek to expand in Central and South-Eastern Europe despite pandemic
The last CESEE bank loan survey of the European Investment Bank (EIB) shows that international banking groups remain engaged in the region of central, eastern and south-eastern Europe, with their strategies tilted “towards expansion or stability” despite the pandemic coronavirus (COVID-19). The survey, carried out in the spring of 2021, …
Read More »O’Sullivan chooses Storm vs Sun, Mystics vs Dream, Wings vs Aces, Liberty vs Mercury
With a night of 2-0, I return to my winning form. Watching the Los Angeles / Minnesota game, I realized how the Sparks manage to play such a fierce defense: they constantly smear the other team’s shit. This is an objective fact, not an opinion. Of course, the head coach …
Read More »Bosnia records largest drop in non-performing loan ratio in CESEE in 2020
SOFIA (Bulgaria), June 8 (SeeNews) – Last year, Bosnia and Herzegovina recorded the largest annual decline in the ratio of non-performing loans (NPL) among 17 countries in Central, Eastern and South-Eastern Europe (CESEE ), reducing the ratio from 4.3 percentage points (pp) to 3.1%, according to a new report from …
Read More »France probes the fortune of the head of the Lebanese central bank | Voice of America
PARIS – France has opened an investigation into the personal fortune of Riad Salameh, director of the central bank of Lebanon in crisis, sources told AFP on Sunday. The Paris financial prosecutor’s office has opened a preliminary investigation for criminal conspiracy and money laundering by Salameh, said a source close …
Read More »Saudi banks lending to private sector up SR 13 billion in April
DUBAI: Vision Fund, the high-tech investment group, is about to get its first big backing for a Saudi company, Arab News can reveal. The fund, which has raised around $ 130 billion in investments in two separate fundraisers, will support a Saudi courier company, CEO Rajeev Misra told Arab News. …
Read More »Financial innovations for a green recovery and restoration
Musonda Mumba (Moderator) Director of the Rome Center for Sustainable Development within the United Nations Development Program (UNDP) Musonda Mumba is the Director of the Rome Center for Sustainable Development within the United Nations Development Program (UNDP), in close collaboration with the Ministry of Environment and Ecological Transition of the …
Read More »Berlin shocked by Denmark-US spy deal – EURACTIV.com
The Capitals brings you the latest news from across Europe, with on-the-ground coverage by EURACTIV’s media network. You can subscribe to the newsletter here. Before you start reading today‘s edition of the Capitals, be sure to check out the article “The Commission admits that the share of fossil fuels is’ …
Read More »CBCG reaction to Predrag Drecun statement
CBCG reaction to Predrag Drecun statement 05/28/2021 In cases where individuals, knowingly or due to a lack of knowledge and skills, place inaccurate information that may directly or indirectly affect developments in the banking market, as its primary competence, the Central Bank (CBCG) should respond to preserve the soundness of …
Read More »Lithuanian President Says Belarus Nuclear Power Plant Could Be Instrument of Blackmail
Axios Russian SolarWinds hackers are back with new wave of cyberattacks, Microsoft warns The same Russian hackers behind the massive SolarWinds breach have launched a new wave of cyber attacks targeting government agencies, think tanks, consultants and NGOs, Microsoft revealed late Thursday evening. The United States imposed sanctions and expelled …
Read More »Glovo acquires the Balkan units of Delivery Hero for 170 million euros
By Joan Faus BARCELONA (Reuters) – Spanish fast-delivery start-up Glovo has agreed to pay 170 million euros ($ 208 million) to buy the Balkan units of the German Delivery Hero, he said on Wednesday, stepping up its expansion after recently raising new liquidity. The transaction includes the acquisition of Foodpanda …
Read More »De La Rue’s annual profit soars thanks to cash printing and lower costs
(Reuters) – De La Rue posted a 61% increase in annual profit on Wednesday after printing more banknotes and cutting costs as part of a turnaround plan, with the new fiscal year off to a good start, performance that met society’s expectations. The over 200-year-old company, which struggled with high …
Read More »Bosnian central bank predicts 3.4% GDP growth in 2021/22
TipRanks Goldman Sachs: these 3 stocks are about to climb more than 100% Markets are in the throes of volatility, with unpredictable swings making recent sessions a roller coaster of sorts. Major indexes fell sharply at the end of last week, but Friday’s release of economic data showing strong manufacturing …
Read More »Greece, leader of the Balkans
After a lost decade, due to the economic crisis and then to the pandemic, Greece is back to playing its natural role as the first power in the Balkans. It is a role that is welcomed by most countries in south-eastern Europe. We may not have the kind of economic …
Read More »Bosnia and Herzegovina to Draft Crypto Bill to Regulate Digital Assets
Bosnia and Herzegovina, a European country in the Balkan region, could start to regulate the crypto environment on its territory. The country is preparing to draft a bill that would help establish a regulatory framework for cryptocurrencies in its territories. Bill is part of a modernization movement The Union for …
Read More »Bosnia and Herzegovina Prepares Bill to Regulate Cryptocurrencies – Bitcoin News Settlement
A European country in the Balkan region could start to regulate the crypto environment on its territory. A bill is being drafted in Bosnia and Herzegovina that would establish a regulatory framework for cryptocurrencies for the first time in the country’s history. Bill aims to ‘attract entrepreneurs’ to the country …
Read More »Ransomware victims have increased
Business continuity management / Disaster recovery, Fraud and cybercrime management, Fraud risk management Big game hunting and the risk of advanced Crime Syndicate extortion become commonplace Mathew J. Schwartz (euroinfosec) ⢠May 12, 2021 Number of known victims of DarkSide from August 2020 to April 2021 (Sources: Mandiant, Sophos) For …
Read More »In the market, in the market: Bosnia and
Bosnia and Herzegovina competes aggressively with other Balkan countries to attract foreign investment. BOSNIA-HERZEGOVINA: VITAL STATISTICS Location: South Eastern Europe Neighbors: Croatia, Serbia, Montenegro Capital city: Sarajevo Population (2021): 3,268,196 Official language: Bosnian, Serbian and Croatian GDP per capita (2019): $ 6,108.50 GDP growth (2020): -0.4% Inflation (2019): 0.6% and …
Read More »Discussion of the integrity of dangerous Bosnia: Turkey
SARAJEVO Turkish Foreign Minister Mevlüt ÃavuÅoÄlu said on May 5 that calling into question the territorial integrity of Bosnia and Herzegovina would be dangerous for the region and the whole of Europe, while reacting to an informal political document floating around circles of the EU which divides the Balkan nation …
Read More »Biden tax plan relies on banks to help find unreported income
Part of the funding for President Biden’s $ 1.8 trillion U.S. Family Plan is based on a stronger reporting requirement for banks, designed to identify unreported income. The proposal would require banks to report annual inflows and outflows from accounts to the Internal Revenue Service. The obligation would also extend …
Read More »World Bank assesses New Zealand $ 1 billion benchmark over 7 years
Washington DC, April 28, 2021 – The World Bank (International Bank for Reconstruction and Development, IBRD rated Aaa / AAA) has priced a NZD 1 billion fixed rate global bond at 1.625% maturing May 10, 2028. The NZD bond has was launched with a minimum initial target size of NZD …
Read More »Deutsche Bank Avoids Archegos Collapse, Announces Profit Increase
German Bank AG Comics 0.07% recorded its best quarter in seven years thanks to the activity of its investment bank, while the lender escaped the implosion of Archegos Capital Management which hit some competitors hard. The news pushed Deutsche Bank shares up 10% on Wednesday, their highest level since May …
Read More »Deutsche Bank is free of drama at the moment
After years of drama, Deutsche Bank DB -0.46% became boring. That’s welcome, but it also brings the time when the lender will be judged on something larger – and in some ways more difficult to resolve – than a business overhaul – one step closer. The German lender posted its …
Read More »The big exit: central banks line up to cut emergency stimulus measures
A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, on May 23, 2017. REUTERS / Chris Wattie The Bank of Canada kicked off the scroll last week, becoming the first major central bank to scale back money printing stimulus programs during the pandemic. So who’s …
Read More »bne IntelliNews – UK and Bosnian software developers form common center of excellence
SQA Consulting, a Manchester-based anti-money laundering software company, and Luxembourg-based ABC TECH Group, a fintech solutions provider with offices in Bosnia-Herzegovina, Croatia, Slovenia and Kosovo , have created a joint venture, SQA Consulting SEE in Bosnia, this will create 175 new jobs and involve more than ⬠3 million in …
Read More »Thousands of people in NC hit by overdraft accounts after mortgage company unauthorized bank withdrawals
RALEIGH, NC (WNCN) – It was a stunning revelation – thousands of dollars taken from individual bank accounts by a mortgage service agency in unauthorized transfers, leaving people uncovered and in panic. UPDATE: Over 14,000 NC Affected After Error Zaps Thousands Of Dollars To Bank Accounts This is what has …
Read More »European Football, presented by JPMorgan, Goldman Sachs and Bank of America
The move on European football is an extension of the growing dominance of US banks over their local banking rivals, advising Europe Inc. Europe’s top five investment banks by income are based in the United States, according to Dealogic. SHARE YOUR THOUGHTS How will American investments in European football change …
Read More »SQA Consulting Creates Jobs In UK With New JV
SQA Consulting, the business and technological transformation and financial crime prevention (anti-money laundering) software company, in collaboration with ABC TECH Group, has created a joint venture, SQA Consulting SEE in Bosnia and Herzegovina . The new company will create 75 new jobs in the UK. The organization will be a …
Read More »Credit Suisse’s $ 5.5 billion Archegos success enters big league of bank losses
Credit Suisse Group AG CS 0.75% The loss of 5.5 billion dollars of Archegos Capital Management places it in the court of banking misadventures with Nick Leeson, Jérôme Kerviel and the “whale of London”. Archegos, the American family-owned investment firm of former Tiger Asia director Bill Hwang, took huge bets …
Read More »Bosnia stock indexes end mixed in the trading week ended April 23
SARAJEVO (Bosnia and Herzegovina), April 23 (SeeNews) – The stock indexes of the Bosnian Sarajevo Stock Exchange (SASE) closed on Friday in a mixed manner, relative to their values ââa week earlier, as the benchmark index of the other stock exchange in the country, in Banja Luka, closed lower, the …
Read More »bne IntelliNews – EIB signs € 2.1 million grant to improve Bosnia’s water infrastructure
The European Investment Bank (EIB) announced that it had signed a European Union grant of 2.1 million euros with Bosnia and Herzegovina, intended to finance the construction of sanitation systems and drinking water in the towns of Jajce and Zvornik. The objective of the project is to protect people and …
Read More »EIB signs € 2.1 million EU grant with Bosnia to improve water infrastructure in Jajce, Zvornik
SARAJEVO (Bosnia and Herzegovina), April 21 (SeeNews) – The European Investment Bank (EIB) has announced that it has signed a European Union grant of 2.1 million euros ($ 2.5 million) with Bosnia, intended to finance the construction of wastewater and drinking water. water systems in the towns of Jajce and …
Read More »Cryptocurrency giant Binance.US hires former banking regulator
A prominent former U.S. banking regulator is expected to join Binance.US, one of the world’s largest bitcoin exchanges, as part of a cryptocurrency firm’s latest move to deepen ties with Washington. Brian Brooks, acting chief of the Office of the Comptroller of the Currency under the Trump administration, will become …
Read More »bne IntelliNews – Bosnian Republika Srpska to issue € 350m debt in London
The Republika Srpska, one of the two Bosnian entities, is preparing to borrow ⬠350m via the London Stock Exchange to cover its budget deficit. The issue will allow Republika Srpska to finance its spending after Bosnia and Herzegovina‘s failure to strike a new deal with the International Monetary Fund …
Read More »The banking system faces sweeping structural reforms
The Bank of Slovenia has published the Financial Stability Review which estimates that in addition to the current risks associated with the pandemic, the banking system is also facing significant structural changes. âSystemic risks to financial stability remain high in the Covid-19 epidemic. Macroeconomic risk remains high, although it gradually …
Read More »bne IntelliNews – Slovenian Prime Minister denies Bosnian media reports of ‘non-paper’ on dividing Bosnia
Slovenian Prime Minister Janez Jansa, who will take the rotating EU presidency in July, on April 12 denied Bosnian media reports that he had sent an unofficial document to an EU official in which he supported the division of Bosnia and Herzegovina. Bosnian media reported that Janez Jansa handed a …
Read More »Credit Suisse, after Archegos, faces tough choices in investment banking
When Credit Suisse CS 2.39% Group AG announced a $ 4.7 billion hit from the collapse of Archegos Capital Management, there was a silver lining: the rest of its investment bank did so well in the quarter, the overall loss before taxes would be only $ 1 billion. The situation …
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