News
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28.06.2021
US Stocks Trending Higher As Data Indicates Speed Recovery of World Economy
US equity futures were trading indefinitely higher after a record close last Thursday, June 24th. Driving the market flood, financial analysts say, was data indicating a fresh increase in speed in terms of the world economy, along wi...
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25.06.2021
Global Finance Honoured Gulf International Bank with Two Key Awards "Innovators 2021"
As per the latest reports on June 23rd, 2021, Gulf International Bank B.S.C. (GIB) has been honored in the two top categories in Global Finance Magazine’s “The Innovators 2021” awards. Earlier, ...
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22.06.2021
Contour To Consider Marco Polo With Shift Into Open Account Trade Finance
As per the latest reports on June 22nd, 2021, the digital trade finance network Contour has finished a series A+ fundraising round, planning to bring a new shareholder bank and declaring strategies to extend its blockchain-based contribution apart from ...
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19.06.2021
15 Indian Banks Set Up Blockchain Trade Finance Consortium
As of June 17th, 2021, it has been reported that a consortium of 15 Indian Banks has set up an efficient & much-required...
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15.06.2021
Paving Ways For The New Era Of Efficiency In Trade Finance
Trade finance has been a continued industry reluctant when it comes to adapt to any changes. Portrayed by disorganized and bulky legacy measures, this particular industry has stayed stagnant while other sectors are favorably getting ahead by ...
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10.06.2021
World Bank Report Says, Global Economy Expected To Expand 5.6% In 2021, China May Recover To 8.5%
A report issued by the World Bank on Tuesday, June 8, 2021, stating that the worldwide economy is anticipated to expand 5.6% in 2021, the quickest post-downturn pace in 80 years, largely on effective recovery from some of the influential economies...
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03.06.2021
Global Economy Will Back To Pre-pandemic Level By 2022, Says OECD
According to the latest statement issued by the Organization for Economic Cooperation and Development, the ...
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25.05.2021
Deputy U.S Treasury Chief Awaits G7 Backing For 15%-plus Global Minimum Tax
U.S. Treasury Deputy Secretary Wally Adeyemo said on April 25, 2021, that he is seeking solid & prominent backing from G7 peers for Biden Administration’s pro...
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21.05.2021
Results Show Westpac’s Asia Trade Finance Reduction Continues
As per the latest reports, Australia’s Westpac is cutting its trade finance products in Asia based on its half-year results. Experts say its unpresuming market share is likely to be incorporated by the major institutional lenders. ...
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18.05.2021
The Global Economy Is Suddenly Showing Low Recovery On Everything
A year ago when the pandemic attacked globally nation after nation and adversely affected the worldwide economy, consumers were the ones who showed their fear through the panic buying. But in the present, when the recovery phase is on, it is the organizations that a...
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