World Bank Promises 'concessionality' In Debt Restructuring

World Bank Promises ‘concessionality’ In Debt Restructuring

BENGALURU (Reuters) -The World Bank will “provide as much concessionality to the debt treatment” for distressed economies as possible, its president told a meeting with the International Monetary Fund, India, China, and other creditor nations on Saturday. The remarks come amid calls by China, the world’s largest bilateral creditor, that global lenders should take haircuts…

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IMF Flags Debt Restructuring Hurdles, Says Banning Crypto Should Be An Option

IMF Flags Debt Restructuring Hurdles, Says Banning Crypto Should Be An Option

By Aftab Ahmed and Sarita Chaganti Singh BENGALURU (Reuters) -There are some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday on the sidelines of a G20 meeting, adding that banning private cryptocurrencies should be an option. India’s G20 presidency comes at a time when its South…

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Thai Economy To Grow 3.8% This Year, Inflation To Ebb - Minister

Thai Economy To Grow 3.8% This Year, Inflation To Ebb – Minister

By Orathai Sriring and Satawasin Staporncharnchai BANGKOK (Reuters) – Thailand’s economy is expected to grow 3.8% this year, helped by a rebound in the vital tourism sector, while inflation should cool to its target range, the finance minister said on Saturday. Domestic spending has increased and the government will accelerate large project investment to help…

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BlackRock Cooperating With SEC Probe Of Investment Advisers' Communications

BlackRock Cooperating With SEC Probe Of Investment Advisers’ Communications

(Reuters) – BlackRock Inc said it was cooperating with a U.S. Securities and Exchange Commission investigation into record keeping of electronic communications of its investment advisers, according to a filing on Friday. The asset manager is the latest in a list of financial firms under the regulator’s scrutiny. Earlier this week, Wells Fargo said U.S….

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