Source link Israel’s war on Hamas will cost the country $53 billion and hamper economic growth into 2024, according to figures published by the Bank of Israel on Monday. Fighting has been paused since a truce came into effect on Friday, but the Israeli military is expected to resume operations in Gaza this week. Direct […]
Source link Closing down the monetary regulator is part of the president-elect’s radical reform plans Argentina’s incoming president Javier Milei confirmed on Friday that he will keep his promise to shut the nation’s central bank. The statement was posted by his office on X (formerly Twitter). The shutdown was Milei’s signature campaign pledge along with […]
Source link Sergey Guriev has been accused of hurting opponents of Putin more than his government Sergey Guriev, a Russian-born economist who advised the West on the type of sanctions that could have the greatest impact on his home nation, said on X (formerly Twitter) on Wednesday that he has suffered from some of them, […]
Source link Rosselkhozbank filed a lawsuit against the US financial giant this week, court documents show The Russian Agricultural Bank, Rosselkhozbank, has filed a lawsuit against US financial services firm JPMorgan Chase in a Moscow court, according to an online Russian database of arbitration cases, local media reported on Wednesday. It shows that the lawsuit […]
Source link Price growth has been accelerating for half a year, and has passed 7%, Elvira Nabiullina says Annual inflation in Russia has topped 7%, the head of the central bank, Elvira Nabiullina, has said, stressing that the figure requires more cautiousness from the government. “Inflation has been rising consistently since June, now exceeding 7%, […]
Source link The economy has largely recovered from last year’s sanctions-induced slump, according to VEB The Russian economy could expand beyond previous projections this year, Andrey Klepach, chief economist at the Russian state development corporation VEB.RF, predicted on Thursday. According to Klepach, gross domestic product (GDP) growth by the end of the year could reach […]
Source link The outflow of capital from Russia decreased more than sixfold in 2023 when compared to the previous year, according to the head of the country’s central bank, Elvira Nabiullina. She told the State Duma on Thursday that the Russian economy had recovered from the sanctions-induced crisis much faster than all the forecasts and […]
Source link One of Russia’s largest private lenders, Tinkoff, has launched transfers in Thai baht via the SWIFT messaging system, the business daily RBK reported on Tuesday, citing a representative of the bank. Thailand is listed as one of the destinations for international transfers on Tinkoff’s website, which says the lender’s private customers can send […]
Source link The Industrial and Commercial Bank of China (ICBC) paid a ransom after it suffered a cyberattack against some of its US-based systems last week, LockBit, the hacking group behind the attack, claimed on Monday, according to media reports. The breach of the country’s largest global lender by total assets, which was disclosed on […]
Source link The African Development Bank (AfDB) has lifted financial sanctions imposed on Gabon in response to the removal of President Ali Bongo in a coup in August, the new military authorities announced on Friday. The decision was taken at the beginning of last week following successful negotiations with the AfDB, “marking a major turning […]