Source link Washington has reportedly warned Austria’s banking giant Raiffeisen over its operations in Russia Austria’s Raiffeisen Bank International, the biggest foreign lender in Russia, risks “being cut off from the US financial system” if it is found to have helped fund Russia’s military, according to the US Treasury Department, as cited by Reuters. “As […]
Tag: Bank
Ghana risks losing World Bank and IMF funding over anti-LGBTQ bill — RT Africa
Source link Nearly $7 billion worth of aid could be jeopardized if the legislation is signed into law Ghana could lose $3.8 billion of World Bank funding if its anti-LGBTQ legislation is signed into law, the West African nation’s Finance Ministry has warned. A $3 billion IMF loan package could also be jeopardized, it claimed […]
Women could ‘turbocharge’ global economy – World Bank — RT Business News
Source link Disparity persists in many areas but gender-equality could be fast-tracked through reforms, a report says Closing the gender gap could boost global GDP by over 20%, doubling the world’s growth rate over the next decade, according to the World Bank. Inequality persists across numerous areas, including education, health, work, wages, and labor participation, […]
Nigerian unions protest against IMF and World Bank loans (VIDEO) — RT Africa
Source link The National Labor Congress claims that borrowing from the international financial institutions is worsening an economic crisis Nigerian government workers and several other groups, including traders and students, staged nationwide protests on Tuesday, demanding that the government address the country’s escalating economic crisis. The National Labor Congress (NLC), which organized the demonstrations, has […]
Rothschild clans battling over bank clients – Bloomberg — RT Business News
Source link The Swiss and French branches are leveraging the family name in a bid to control the global wealth-management market The Rothschild family’s Swiss and French branches are battling for dominance in the wealth management industry, which is causing tension and sparking speculation of a merger that would significantly impact the global financial landscape, […]
First Russian bank receives Chinese credit rating — RT Business News
Source link China Lianhe Credit Rating has assigned Alfa-Bank, Russia’s largest private lender, an international rating of AA- with a stable outlook, the bank said in a statement on Wednesday. Alfa-Bank has become the first large Russian bank to receive an international rating in China. Alfa-Bank is at the same level that Lianhe rates the […]
US tech titans valued at more than most countries’ entire stock markets – Deutsche Bank — RT Business News
Source link The combined market cap of the country’s seven largest companies would make them the second-largest stock exchange in the world, analysts say America’s seven largest tech companies have larger market capitalizations than companies in nearly every other major economy in the world, CNBC reported on Monday, citing a research note by Deutsche Bank. […]
West could upend global financial system – Russian central bank — RT Business News
Source link The seizure of the country’s reserves would jeopardize the “immunity” of national assets worldwide, Elvira Nabiullina warns The global financial system would be disrupted if Brussels and Washington go through with threats to use Russian sovereign assets to help Ukraine, the head of the Bank of Russia, Elvira Nabiullina, warned on Friday. Nabiullina […]
CEO of major Nigerian bank killed in helicopter crash — RT Africa
Source link The head of Access Bank Group, Herbert Wigwe, was aboard a helicopter that went down in California in the US on Friday The CEO of Access Bank Group, one of Nigeria’s top financial institutions, Herbert Wigwe, perished in a helicopter crash near Nipton in southern California on Friday. Five more people who were […]
Germany facing ‘greatest real estate crisis’ in 15 years – bank — RT Business News
Source link Deutsche Pfandbriefbank has become the latest lender to put away more provisions for its commercial property loan book Deutsche Pfandbriefbank, a German bank focused on commercial real estate, has become the latest lender in the country to report having put aside more provisions for its loan portfolio amid what it calls the worst […]
How India’s central bank cracked the whip on e-wallet giant Paytm — RT India
Source link The survival of the startup that drove financial inclusion in the country and boosted the nation’s economy is now at stake In baseball, it’s three strikes and you’re out. Vijay Shekhar Sharma, founder of Indian digital payments company Paytm, and arguably the country’s largest startups poster boy, faces a possible third strike. Like […]
Chinese lenders rejecting Russian payments – bank executive — RT Business News
Source link Financial institutions are wary of Washington’s penalties for dealing with Moscow, according to MSP Bank Some Chinese banks are rejecting transactions from Russian banks on fears of being targeted by US secondary sanctions, the deputy CEO of Russia’s MSP Bank, Aleksey Potapov, revealed on Thursday, citing customers. He mentioned that some of his […]
Israeli forces disguised as women raid West Bank hospital (VIDEO) — RT World News
Source link Three militants were killed in the incident, including one accused of plotting an assault inspired by the October 7 Hamas attack Israeli commandos, some disguised as civilian Palestinian women and medics, conducted a raid on a hospital in the occupied West Bank on Tuesday, officials have said. Three people died in the operation, […]
Russia’s non-dollar settlements within BRICS skyrocketing – central bank chief — RT Business News
Source link The share of the country’s transactions with other bloc members in national currencies has reached 85%, Elvira Nabiullina says The share of Russia’s settlements in national currencies with fellow BRICS countries has increased to 85%, up from just 26% two years ago, the head of the Russian central bank, Elvira Nabiullina, told RIA […]
BRICS’ share in global economy overtakes G7 – Russian central bank — RT Business News
Source link Following the addition of new members, the group now accounts for 35% of the world’s GDP in PPP terms, Elvira Nabiullina has said The BRICS states have overtaken the G7 in terms of share in global GDP in PPP terms, the head of the Russian central bank, Elvira Nabiullina, told RIA Novosti in […]