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Sri Lanka: Recovery Takes Hold

Global Finance

The latest such episode started in 2019 with the ongoing debt crisis, followed by a currency collapse and, in 2022, the fall of the scandal-ridden government of Rajapaksa. With the next presidential and parliamentary elections planned for 2024, the approval ratings of the incumbent president and his government are weak. billion. .):

Economics 105
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Argentina: Breathing Space?

Global Finance

President Javier Milei’s currency moves give markets room for planning, but his ambitious economic restructuring faces roadblocks. While the cepo [currency controls] is in place, this won’t change. For the better part of 30 years, Argentina has been making economic headlines for the wrong reasons.

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Top News In Payments: Central Bank Coin Currency At Least A Decade Away; US Economy Could Lose $10B To Chinese Travel Ban

PYMNTS

billion to the Chinese travel ban and Visa plans the biggest interchange fee revamp in a decade. Former BoF Gov: Central Bank Coin Currency At Least A Decade Away. Privacy and monetary policy issues are causing regulators to tread carefully in launching electronic currencies. economy could lose $10.3 economy $10.3

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Western Union Misses On Earnings, Announces 10 Percent Staff Cut 

PYMNTS

In other critical statistics, Consumer-to-Consumer (C2C) revenues made 83 percent of WU’s revenue in the quarter, and saw a 1 percent decline on a reported basis, or increased 1 percent constant currency, while transactions grew by 1 percent. But, given the restructure, WU did lower its earnings guidance for the year. domestic market.

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Budget Preparation Process: Full Step Guide

Spreadym

Budget preparation is the process of creating a detailed financial plan that outlines an organization's expected income and expenses for a specific period, typically for a fiscal year. Consider Contingencies: Plan for unexpected expenses or emergencies by including a contingency fund in your budget. 3 to 5 years).

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How To Fight Inflation: 14 Tips For Business Owners

VCFO

Time tested business plans will simply not work without adjustments as inflation takes hold. It is critical to focus on inflation now and make necessary changes to your operating plan to combat it. Restructuring a company in terms of the debt capital stack, takes time. Now, our clients are facing a new threat – inflation.

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RBS Enters 2017 On Shaky Grounds

PYMNTS

RBS failed stress tests imposed by the Bank of England, and Santander — for the second time — decided not to go through with a planned acquisition of some of RBS’ branches. But perhaps the biggest scandal the bank endured was that of its Global Restructuring Group (GRG).