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India’s IPO frenzy sends bankers in a work overdrive

India’s investment bankers are set for their most rewarding year as local initial public offerings head for an all-time high despite the devastation brought...

China’s Evergrande default concerns loom large on nervous market

The risks of China’s Evergrande Group defaulting on its mountain of debt loomed large over nervous markets on Tuesday, as investors looked for signs...

Western Union to resume money-transfer services to Afghanistan

The money-transfer firm suspended services in Afghanistan two weeks ago after the Taliban captured Kabul.Western Union Co is resuming money-transfer services to Afghanistan, the...

Central American nations ask: Can Bitcoin cut remittance costs?

Central American countries are eagerly waiting to see if El Salvador’s adoption of Bitcoin as parallel legal tender cuts the cost of remittances, an...

Oil caps week with longest losing streak since 2019

West Texas Intermediate futures ended the session 2.2 percent lower, tumbling for a seventh day and extending the week’s decline to 8.9 percent.Oil capped...

Somalia sets up national payments system as it rebuilds country

Somalia is struggling to rebuild after 20 years of civil war and is still battling an insurgency by al-ShababBy Mohamed Sheikh NorBloombergSomalia has set up...

US GDP grew 6.5 percent in Q2, well below expectations

Supply-chain constraints and labour shortages continue to temper US economic growth. The United States economy grew substantially in the second quarter but still fell short...

Turkey’s lira hits new low as investors lose faith

The Turkish central bank’s current governor, Sahap Kavcioglu, sought to reassure big foreign investors that worries about premature rate cuts were unjustified.Turkey’s lira settled...

Despite crypto crackdown in China, traders still betting

Chinese investors are paying little heed to the government’s biggest crackdown on cryptocurrency trading since 2017, underscoring the challenge for Beijing as it tries...

Turkey’s banks reluctant to finance Erdogan’s canal: Report

Some of Turkey’s biggest banks are reluctant to finance President Recep Tayyip Erdogan’s planned Istanbul canal due to environmental concerns and the investment risks...

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