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World Stocks Upbeat on Hopes for China Re-Opening, Inflation Peaking
Date: November 30, 2022
By Dhara Ranasinghe LONDON (Reuters) -World equity markets rallied on Wednesday lifted by hopes that inflation is peaking and a re-opening of China’s economy is near, with focus turning to U.S. Federal Reserve chief Jerome Powell who speaks later in the day. The pan-European STOXX 600 index rallied 0.7% higher after three straight sessions in...
The Consequences of the Current Market Infrastructure for Emerging Markets’ Currencies
Date: November 23, 2022
By Mike Robertson, CEO of AbbeyCross Over the past decade, cross-border payments have grown significantly, seeing increased innovations within international payments and foreign exchange (FX). However, many of these innovations have only affected major currencies and developed markets, leaving emerging market (EM) currencies struggling to gain access to fair and on-market exchange (FX) rates. At...
The Inevitable Shift to Mcommerce in Emerging Economies
Date: November 16, 2022
By Arunabh Madhur, Regional VP & Head Business EMEA at SHAREit Group We live in a mobile-first world, where market penetration of smartphones and widespread use of mobile apps are rising exponentially. Reports estimate that the number of global smartphone users will continue to grow rapidly and hit 7.49 billion by 2025. The global pandemic has...
Creating Financial Inclusion Through Cross-Border Payments
Date: November 14, 2022
Why is sending real-time, cross-border payments so complex? Interview From Cecilia Tamez, CSO of Dandelion, a Euronet company Legacy cross-border payments are slow, clunky, and lack transparency because the value-chain is disjointed. Nobody owns the experience end-to-end, which leads to low transparency and poor predictability for time and cost. SWIFT is used by banks as a...
For Host Indonesia, a G20 Summit Dogged by Russia-Ukraine Rancour
Date: November 14, 2022
By Kate Lamb (Reuters) – Group of 20 leaders meet on Tuesday under very different circumstances than those host Indonesia envisioned when it began planning the summit last year, with Russia’s invasion of Ukraine hanging over proceedings even in the absence of Russia’s leader. Indonesia, the world’s fourth-most populous country and Southeast Asia’s largest economy,...
Citigroup to Buy Deutsche Bank License in Mexico for Wholesale Unit
Date: November 9, 2022
NEW YORK (Reuters) -Citigroup Inc said on Tuesday it would purchase Deutsche Bank’s Mexican license in order to continue its corporate and investment banking operation in the country, following the planned sale of its local retail unit. Financial details were not disclosed, and Deutsche Bank said it would continue to grow and invest in Mexico...