[ad_1] Singapore linked its system to enable real-time money transfers with Indonesia as a boost to economic connectivity. Customers of participating banks will be able to wire money via scanning…
Tag: Emerging markets
Vietnam Property Tycoon Faces Trial Over $12.5 Billion Fraud
[ad_1] A Vietnamese court will try prominent businesswoman Truong My Lan in a case of alleged fraud that resulted in trillions of dong in losses to a local lender. The…
Wall Street Says Basel 3 ‘Endgame’ Will Upend Climate Finance
[ad_1] Wall Street’s biggest banks are warning that existing assumptions around much-needed green finance will no longer hold if the US goes ahead with stricter capital requirements. The Basel 3…
Swedish Bankruptcies Rise as Lower Consumption Hits Retailers
[ad_1] Bankruptcies in Sweden increased for the seventh consecutive month in February with retailers squeezed by declining household consumption and the construction industry struggling in the wake of an ongoing…
Eskom Set for Seventh Loss as Power Cuts Grip South Africa
[ad_1] South Africa’s Eskom Holdings SOC Ltd. is on track to post its seventh consecutive full-year loss as the utility crumbles under the weight of its debt pile and high…
China Shows Off its C919 Passenger Jet With Flyby of Hong Kong’s Victoria Harbour
[ad_1] China displayed its aircraft-manufacturing credentials by conducting a flyby of Hong Kong’s Victoria Harbour with a domestically made passenger plane designed to take on Airbus SE and Boeing Co.…
Eskom Asks South Africa to Take a Stake to Ease Debt Costs
[ad_1] Eskom Holdings SOC Ltd., South Africa’s indebted state power utility, said the National Treasury is assessing whether to convert 16 billion rand ($875 million) of bailout funds into equity.…
South African Towns Owe Eskom Billions
[ad_1] South Africa’s top 130 municipalities could write off 8.6 billion rand ($462.8 million) of bad debt for the third quarter, hampering their ability to maintain sewerage systems and streets…
Emerging markets fall as investors await Fed decision- Republic World
[ad_1] Thai Stocks | Image:Unsplash Most Asian currencies and stocks retreated on Wednesday, with Thai shares hitting a more than three-year low, as investors awaited updated interest rate projections from…
Malaysia to Simplify Investment Bodies to Boost Ease of Business
[ad_1] Malaysia is working on streamlining the roles of its investment promotion agencies to improve the ease of doing business in the country and speed up business approvals, according to…