Post pandemic bankruptcies fewer than feared in Euro zone
Corporate bankruptcies in the euro zone have been fewer than feared in April. Noting the euro zone would now shift to more targeted support for firms, the officials of eurozone said that. Euro zone ministers were preparing to make more similar insolvency laws across the 19-nation bloc. This is to better prepare for a wave […]
London should remain top financial centre
Lloyds Bank‘s annual sentiment survey of financial firms showed that, despite uncertainty over regulation due to Brexit, London will remain a leading global financial centre. Britain fully left the European Union, with thousands of jobs and billions of euros in daily trading moving from London to the continent. On the other hand, the survey of more […]
Afghanistan remittance payouts limited to local currency
Afghanistan’s central bank has ordered banks to pay out remittances in local currency only. The scarce in U.S. dollars can be preserved by this way according to the sources. Hard currency remittances had become an important source of external finance for Afghanistan. But after the conquest of Taliban, the dollar availability has dried up. A directive from the […]
Cryptocurrency discussed by US treasury, financial industry
The U.S. Treasury Department met with a number of industry participants, for quiz. That was about the risks and benefits posed by stablecoins. Washington policymakers are alarmed at the rapidly expanding cryptocurrency market. The record exceeded $2 trillion in April. The market cap of stablecoins stood at roughly $125 billion. This is according to the […]