The New Development Bank (NDB) of the BRICS group will open this year the Regional Office of the Americas in Brazil to progressively support the growing variety of operations of the bank in the country.
When Venezuela launched its Petro cryptocurrency formally in March, it did not take long for the U.S. to block U.S. companies and individuals from having anything to do with it. A Russian bank may have just come to its rescue.
La Dirección de Contrainteligencia Militar arrestó por sorpresa a 11 ejecutivos del Banesco, principal banco privado de Venezuela, acusado de favorecer “por acción u omisión” una red de transacciones cambiarias ilegales. El banco será intervenido por el Estado por un periodo de 90 días.
In a surprise, the Military Counterintelligence Directorate arrested executives of Banesco, Venezuela's main private bank, on allegation of favoring "by action or omission" a network of illegal exchange transactions. The bank will be taken over by the bank for a period of 90 days.
With U.S. President Trump’s decision on recertification of the Iran nuclear non-proliferation agreement only weeks away, Iran’s central bank has banned cryptocurrencies from all transactions. The country fears charges of crypto money-laundering could give Trump yet another excuse to reinstate sanctions.
The Association of Financial and Technological Companies of Chile (FinTech) asked the authorities and banks not to continue closing bank accounts of businesses that operate with cryptocurrencies, and invited a dialogue so that the regulations are based on knowledge of the product.
Working capital is the block of money your business has on hand to deal with all day-to-day operations. If you don’t have enough working capital, your company can’t grow or is at risk from unexpected cash flow events.
The formerly all-powerful U.S. dollar just took another punch on the world stage. This time it came from Iran, which announced that it would no longer allow merchant purchase orders for imports priced in the American currency.
The government of China recently approved the Philippines’ first Panda Bond offering. It is important by itself and even more important as a symbol of what is happening in the region as a world financial power.