India Secures Spot On Prestigious Bond Index
Indian government bonds have been included in the JPMorgan GBI Emerging Market Global Series Index for the first time ever. It was only in April 2020 that the Reserve Bank of India (RBI) removed foreign investment restrictions on certain rupee…
Cryptocurrency Explained And Why Its Here To Stay
If you’re confused by Bitcoin and curious about blockchains, The Age of Cryptocurrency by Wall Street journalists Paul Vigna and Michael J. Casey offers a comprehensive introduction to the world of cryptocurrencies. You don’t need to be a mathematician or…
Bitcoin ETFs Quickly Draw Significant Investment
The year began notably for the cryptocurrency sector when bitcoin exchange-traded funds (ETFs) were launched in mid-January, quickly drawing around $2 billion in the first three days of trading. The approval of 11 spot bitcoin ETFs by the US Securities…
Nigeria: Lenders Struggle to Meet New Capital Requirements
Lenders in Nigeria are working to raise additional capital to meet new requirements set by the Central Bank of Nigeria (CBN). These targets, announced last month, must be met within two years, with some banks needing to increase their capital…
China: Increased Scrutiny on Potential IPOs
The China Securities Regulatory Commission (CSRC) is intensifying its scrutiny of companies seeking initial public offerings (IPOs). The increased inspections aim to strengthen the secondary markets and slow the pace of new fundraisings. Regulatory actions, such as seizing mobile phones…
New Sovereign Wealth Funds Have Expanded Mandates
Over the past decade, there has been a notable increase in the establishment of sovereign wealth funds (SWFs), driven largely by a boom in commodity markets and accumulating foreign exchange reserves. Governments from Chile to the United Arab Emirates (UAE)…
Sustainable Finance Post-COP27: Evaluating Progress and Challenges
Following the COP27 conference in Sharm El-Sheikh, Dr. Dalia Abdel Kader, CIB Egypt’s Chief Sustainability Officer, reflects on key outcomes and the expectations they set for COP28 in Dubai. Global Finance: The Loss & Damage agreement is a significant development…
“Thailand’s Billion-Dollar Digital Currency Initiative”
Thailand, which launched a significant pilot of a retail central bank digital currency (CBDC) last year, is moving forward with a new initiative to distribute digital tokens to 50 million lower-income citizens. This 500 billion-baht ($13.7 billion) program, announced last…
Hong Kong: Launch of Spot Crypto Trading Services
Hong Kong has given conditional approval for the launch of exchange-traded funds (ETFs) that directly invest in bitcoin and ether, two major cryptocurrencies. This move positions Hong Kong as a key player in the evolving and often volatile virtual asset…
Standard Chartered – Leading Consumer Bank 2024
Global Finance has announced the winners of its 26th annual World’s Best Banks awards. Among the honorees is Standard Chartered, recognized as the 2024 World’s Best Consumer Bank. According to Joseph Giarraputo, founder and editorial director of Global Finance, “Standard…