Latest News for: Currency default

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For impactful climate financing: MDBs must synchronise the projects they fund with Countries’ NDCs

Financial Express 28 Sep 2023
MDBs have worked with a variety of instruments, from low-carbon investment trusts, securitisation, credit default, and currency swaps to equity-based funds, collective investment vehicles (structured funds), convertible bonds, and outcome-based sustainability-linked loans or bonds.
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Fitch upgrades Oman’s credit rating to BB+

Arab News 26 Sep 2023
RIYADH. Reflecting Oman’s commitment to fiscal stability, US-based Fitch Ratings upgraded the Gulf nation’s long-term foreign currency issuer default rating to “BB+” from “BB.” ... ....
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Allianz Global Wealth Report 2023: The next chapter

The Joplin Globe 26 Sep 2023
(i) the general economic and competitive situation in the Allianz’s core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) adverse publicity, regulatory actions or litigation with respect to ...
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Cheap WHMCS Alternative - Domain and Hosting Cart with Hosting Template - $15/one time fee

Web Hosting Talk 24 Sep 2023
○ Supports any currency symbol or name. You can define right and left currency symbols and currency code(for default and each payment gateways separately). ○ Multi-Currency support. Supports auto and manual currency exchange. It can be convert default currency to payment gateway's currency automatically.
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ROK should work to improve ties with China

China Daily 22 Sep 2023
The developing countries have intensified their efforts to give shape to a more open, fair and representative world order also because they have realized the drawbacks of using the US dollar as the default international currency are immense ... their own currencies to conduct trade.
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AFP eyes perjury raps vs 2 women activists, says House budget sponsor

Manila Bulletin 21 Sep 2023
DND Secretary Gibo Teodoro (Facebook) ... This was bared Wednesday, Sept. 20 by Negros Occidental 6th district Rep ... “Mr ... “You know Mr. Speaker, the DND, the AFP has always believed that honesty is the currency of leadership. It is most critical today that the truth prevails because mistrust seems to have been the default mode or reaction ... .
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Fitch Ratings affirms Seychelles' ‘BB’ rating |19 September 2023

Nation 19 Sep 2023
Fitch Ratings has affirmed Seychelles’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB-' with a stable outlook ... Tourist receipts at pre-pandemic levels ... While a sharp currency depreciation poses the greatest risk to debt dynamics, risks are mitigated by the concessional nature of 85 percent of external debt as of the first half of 2023.
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Chinese stock drop a wakeup call for Xi’s reformers

Asiatimes 19 Sep 2023
As the “avoid China” theme gains currency with foreign investors, a daunting question confronts President Xi Jinping ... “China tried repeatedly to devalue its currency against the dollar in the course of 2015 and 2016 ... A sudden rash of LGFV defaults could make today’s worries about developer Country Garden seem trivial.
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Fitch affirms RIL’s long-term local currency rating at ‘BBB+’

Business Line 18 Sep 2023
Fitch Ratings has affirmed Reliance Industries’ long-term local currency issuer default rating (IDR) at ‘BBB+’ saying that it reflected its strong ...
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‘Argentina on the Channel.’ Mark Carney and Liz Truss clash over UK economy

CNN 18 Sep 2023
... Channel.” Argentina was one of the world’s richest economies at the start of the 20th century, but poor policy choices led to a series of economic crises that have left the country with rampant inflation, a worthless currency and a heavily indebted government prone to default.
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Upgraded credit rating will yield favourable financing terms - Clarke

Jamaica Observer 18 Sep 2023
Standard and Poor’s (S&P) Global Ratings, on September 13, upgraded the Government of Jamaica’s Long-Term Foreign and Local Currency Issuer Default Rating (IDR) from B+ to BB-, with a ‘Stable’ outlook ...Jamaica has the opportunity to access financing at costs lower than we have before, on a relative basis ... .
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The best WHMCS alternative - Domain and Hosting Cart with Open Source Template - only $15

Web Hosting Talk 17 Sep 2023
○ Supports any currency symbol or name. You can define right and left currency symbols and currency code(for default and each payment gateways separately). ○ Multi-Currency support. Supports auto and manual currency exchange. It can be convert default currency to payment gateway's currency automatically.
Edit

Fitch downgrades Sri Lanka's Long-Term Local-Currency IDR to "RD"

Xinhua 15 Sep 2023
15 (Xinhua) -- Fitch Ratings in its latest report downgraded Sri Lanka's Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to "RD" (Restricted Default) from "C." ... 14 that the ratings on its local-currency ...
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Move on Zimbabwe dollar: these currencies are moving to the abyss too

Invezz 15 Sep 2023
The Zimbabwe dollar is well-known as the currency that collapsed a few years ago ... Now, as the US dollar index (DXY) and crude oil prices rebound, other currencies in the developed and emerging markets are collapsing as well ... As I wrote recently, the Argentinian peso has collapsed after years of currency printing and debt defaults.
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Lack of action on urgent reforms weighing heavily on Lebanon's economy, IMF says

The National 15 Sep 2023
Ernesto Ramirez Rigo, the IMF mission's chief, said Lebanon’s inflation remains in “triple digits, further compressing real incomes ... Read More ... IMF ... The banking sector is facing more than $70 billion in losses, the currency lost more than 90 per cent of its value and the country defaulted on its debt in 2019 for the first time in its history ... ....

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Nadine Menendez, leaves federal court with Sen. Bob Menendez, Wednesday, Sept. 27, 2023, in New York. Menendez and his wife pled not guilty to federal charges alleging he used his powerful post to secretly advance Egyptian interests and carry out favors for local businessmen in exchange for bribes of cash and gold bars.
AP / Jeenah Moon
President Joe Biden participates in a roundtable with CEOs and Governors in support of the Bipartisan Innovation Act, Wednesday, March 9, 2022, in the South Court Auditorium in the Eisenhower Executive Office Building at the White House.
White House / Adam Schultz
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