How Central Banks Worldwide React on Coronavirus

The FINANCIAL — The federal bank regulatory agencies today released a statement encouraging banks to use the Federal Reserve’s “discount window” so that they can continue supporting households and businesses. In South Korea, the central bank cut its benchmark interest rate by 50…

10 mins read

HSBC plans to slash 35 000 jobs worldwide

The FINANCIAL — HSBC announced it will cut 35,000 jobs over three years as part of a major shake-up after revealing that annual profits plunged 33%. The strategy overhaul comes as economic growth is slowing in HSBC’s major markets.  The London-based bank said…

4 mins read

OPIC Commits USD 15 mln Loan to JSC Liberty Bank

Tbilisi, 25 September 2019 - Today, the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, signed a Commitment Letter to provide USD 15 mln in financing to JSC Liberty Bank. The financing will be used to upgrade Liberty Bank’s…

5 mins read

Fitch Upgrades Procredit Bank Georgia to ‘BB+’; Outlook Stable

The FINANCIAL -- Fitch Ratings-Moscow/London-28 February 2019: Fitch Ratings has upgraded ProCredit Bank Georgia's (PCBG) Long-Term Issuer Default Ratings (IDRs) to 'BB+' from 'BB'. The Outlook is Stable. The Viability Rating (VR) is unaffected. A full list of rating actions is at…

3 mins read

TBC Bank Founding Partners at the Fiscal Committee Hearing

“Mamuka Khazaradze and Badri Japaridze, Founding Partners of TBC Bank JSC were heard at the Fiscal Committee of the Parliament today and everyone was given an opportunity to ask questions and seek answers” stated MP Irakli Kovzanadze, Fiscal Committee Chair. “Committee Hearings…

5 mins read

Private capital is key to Vietnam’s future energy development

The FINANCIAL - The changing macroeconomic and sectoral context in Vietnam requires a new approach to financing electricity and gas investments, a new World Bank Group report titled “Maximizing Finance for Development in Vietnam’s energy sector” says.  …

3 mins read

BSTDB: New Vice President Operations assumes duties

The FINANCIAL -- 17 December 2018- Following a proposal by the Government of the Republic of Bulgaria, the BSTDB Board of Directors appointed Mr. Ivaylo Moskovski as Vice President Operations of the Black Sea Trade and Development Bank (BSTDB) for a term…

1 min read

KIN/K’s latest collection is hat heaven

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Narciso Rodriguez

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