The member countries of the Cooperation Council for the Arab States of the Gulf (CCASG) are negotiating with the UAE and Oman on the possible inclusion of these countries in a monetary union, reported Arab News. Saudi Arabia, Bahrain, Kuwait and Qatar have already agreed...
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Thousands of workers struggle to find a suitable job after returning home to Viet Nam despite having good skills and experience of working abroad for years. Nguyen TrongVinh of Ha Tinh Province's DucTho District, who had worked as a welder in South Korea, is one of...
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In an interview published in the Financial Times, BlackRock Chief Executive Larry Fink said he believes it’s time for the Federal Reserve to move on. From the interview: “We have a central bank that has not admitted we have structural unemployment,” Fink said. “Factories that used...
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National Housing and Construction Corporation (NH&CC) has signed a loan agreement with Shelter Afrique, to provide housing to the rising middle-income class in Kampala district. The minister of lands, housing and urban development, DaudiMigereko witnessed the loan signing ceremony for project financing between the two companies. Shelter...
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China’s banking regulator will soon issue a new regulation to manage the country’s increasing number of peer-to-peer financial companies such as the leading P2P lender Renrendai.com, Yan Qingmin, vice chairman of the China Banking Regulatory Commission said yesterday. Though most of the P2P companies like Renrendai...
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Canada’s manufacturing sector is finally poised for a true recovery after spending the last eight years in survival mode, according to a new report from consulting firm KPMG. Many of the headwinds that worked against the sector during and since the 2008-09 recession are poised to...
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The main purpose of the agreements on the establishment of the new world financial institutions, signed by the leaders of BRICS countries are the protection of the national economies from the financial dictate of the United States and the establishment of a world of greater...
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In the last 3 years, from 2010 to 2013, the share of international transactions in the Yuan has tripled from 34 to $ 120 billion.The strengthening of the role of the Yuan in international trade has caused the change in Chinese financial strategy. Today it...
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The unilateral US sanctions blocking Russian weapons and energy companies access to US bank loans demonstrate Washington’s impotence, writes American socio-economic writer Paul Craig Roberts on PoulCreigRobers.org. In attempting to isolate Russia, the White House Fool has isolated Washington. Two largest business organizations protesting...
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One of Norway’s leading financial confederations has said the country should be cashless by 2020. “Cash now represents such a small proportion of payments in the society, that we could well do without it,” said a statement published on the Finans Norge website. Currently,...
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