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Market gives thumbs up to Budget 2022

CFO News Room

The equity market witnessed some wild swings on the Budget Day, with the Sensex rebounding after losing more-than 2% from the day’s high. But unlike other Budget Days, benchmarks ended the day in the green, as investors cheered a growth-oriented Budget. By Yoosef Kp & Ruchit Purohit. After surging as much as 1,018.03

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Shock Therapy Produces A Fiscal Surplus

Global Finance

It describes the current results as the first fruits of “an ambitious stabilization plan, anchored on a large upfront fiscal consolidation, along with actions to rebuild reserves, correct relative price misalignments, strengthen the central bank’s balance sheet, and create a simpler, rules-based, and market-oriented economy.”

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Crypto Gets A Second Look From Corporate Investors Seeking Yield And Hedge

PYMNTS

As much as Bitcoin and other cryptocurrencies have attracted scrutiny from the Department of Justice and still lack mainstream acceptance, Voyager’s portfolio of so-called “stablecoins” (which are linked to an underlying currency such as the U.S. With the treasury market for S&P 500 companies valued at $2.3 The Pandemic Pop.

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Bond Yields Surge in Europe as Old Jitters Return

CFO News Room

labor market boosted investors’ expectations that central banks will begin steadily raising interest rates to fight inflation. The benchmark 10-year U.S. The spread between the Italian bond yield and the German benchmark, considered a barometer of financial stress in the region, rose to its highest level in over 18 months. .

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Final countdown for Libor has begun

Future CFO

The decision follows a consultation in Dec 2020 led by ICE Benchmark Administration, which compiles and oversees the daily rate. Like the case in other currencies, the US replacement is also a new rate instead of an enhanced existing rate. Hong Kong is also developing an alternative rate. As of Sep 2020, there were HK$4.8

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Regional Most Innovative Banks 2024

Global Finance

This strategy has been the pillar of Nedbank Mozambique’s success, growth and unique positioning in the market. This dollar-pegged stablecoin bridges the gap between digital and fiat currencies and is a reserve of value for economies experiencing volatility. BTG Dol is the bank’s entrée into digital assets.

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Fed Slashes Interest Rates To Near Zero

PYMNTS

The Federal Reserve announced Sunday (March 15) it would drop benchmark interest rates to zero and buy at least $700 billion in government bonds as part of an emergency action to protect the economy from the impact of the coronavirus outbreak. The new rate will now be targeted at 0.0 percent to 0.25 percent. “The percent to 0.75 percent.