Browsing Category
Banks
Japan’s SoftBank first to get Nvidia’s latest AI chips
SoftBank's Japanese telecoms unit will be the first to receive chips using Nvidia's latest Blackwell design for its…
EBRD outlines five-year strategy for Turkey
The European Bank for Reconstruction and Development (EBRD) unveiled on Tuesday its new investment strategy for…
Egypt c.bank pulls EGP 1.369t in open market operation auction
The Central Bank of Egypt (CBE) conducted an open market operation auction on Tuesday, withdrawing 1.369 trillion…
MDBs pledge to boost climate financing – ADB
Multilateral development banks (MDBs) issued a joint statement at COP29, outlining ambitious plans to increase…
ECB to continue rate cuts, neutral rate expected in H1-25 – Rehn
Olli Rehn, Governor of the Bank of Finland, indicated that the European Central Bank (ECB) would continue its…
China’s PBC issues 125.5b yuan off reverse repos
People’s Bank of China (PBC) announced on Tuesday a seven-day 125.5 billion-yuan reverse repo at an interest rate…
India’s c. bank reclassifies large FPI as FDI
The Reserve Bank of India (RBI) introduced on Monday a new framework for reclassifying foreign portfolio…
ADB expands climate lending with US, Japan guarantees
The Asian Development Bank (ADB) announced a $7.2 billion boost in climate lending, backed by the United States and…
Philippine FDI declines in August ’24
Philippine’s foreign direct investment (FDI) net inflows fell 14.5 per cent year-over-year in August 2024, reaching…
Remittances from Egyptian expats surge 65.5% YoY in August – CBE
Remittances from Egyptian expats recorded a new high in August 2024, increasing by 65.5 per cent year-on-year to…
