Finance
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Binance walks away from FTX deal, cites mishandled customer funds
The largest cryptocurrency exchange in the world, Binance, has abandoned a plan to help its smaller rival FTX. According to…
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Binance signs non-binding agreement to buyout rival FTX
The largest cryptocurrency exchange in the world, Binance, has bailed out one of its biggest competitors, FTX, in a move…
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New UK Finance Minister makes U-turn on financial policies, pound moves higher
The bond market will provide its opinion on Jeremy Hunt’s weekend revision of Prime Minister Liz Truss’ economic plan on…
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Singapore central bank tightens monetary policy, tries to avoid recession
In order to combat inflation that is approaching a 14-year high, Singapore tightened its monetary policy for the fourth time…
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UNDP warns of severe debt crisis across developing countries
The United Nations Development Programme (UNDP) added its voice to the chorus of organisations and charities warning that a severe…
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Tabby and Paymob team up to boost retailers with BNPL
To develop a buy-now-pay-later (BNPL) solution for both in-store and online businesses, Paymob, the omnichannel payments facilitator, and Tabby, the…
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Asian Development Bank cuts growth forecast, says economies set to grow faster than China’s
According to a recent assessment from the Asian Development Bank, China’s economic growth this year will be weaker than that…
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US Dollar slips from a 20-year high, Pound hits 37-year low
Before a week packed with market vacations and central bank decisions from Washington to London to Tokyo, the dollar hovered…
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Recession in 2023 because of global rate hikes, says World Bank
According to the World Bank, interest rate increases by central banks around the world could lead to a global recession…
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Kuwaiti Conglomerate Alghanim Industries eyes IPO worth $1bn
One of Kuwait’s largest privately-owned companies, Alghanim Industries Ltd., is looking to raise nearly $1 billion through a prospective IPO,…
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