Paraguay is undergoing one of the most significant political and financial crises in its recent history. The Central Bank of Paraguay’s intervention in Ueno Bank—following the detection of serious irregularities in its
Global Islamic finance industry assets are projected to exceed US$10.5 trillion by 2030, up from US$6.5 trillion in 2025, as Islamic banking expands, sukuk issuance grows and adoption spreads across emerging markets,
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HSBC Group Chief Executive Georges Elhedery said on Tuesday that the Gulf region would recover from the impact of the Iran war through investment in more resilient alternative logistics routes, suggesting that
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Bank of America has been ordered to pay more than $1.21 billion in penalties over failures to meet US anti-money-laundering and sanctions requirements, in an enforcement action that the Treasury Department described
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Blackstone plans to double its investments in India to $100 billion within five years, with chief operating officer Jonathan Gray describing the country as the firm’s best-performing market and expressing confidence in
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JPMorgan Chase is restricting external artificial intelligence agents from accessing its systems, with chief executive Jamie Dimon warning that the technology presents heightened security risks and could leave customers liable for unwanted
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Sri Lanka is preparing to enter a new agreement with the International Monetary Fund (IMF), with President Anura Kumara Dissanayake saying the government is ready to pursue a growth-focused arrangement while protecting
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The International Monetary Fund (IMF) has raised its forecast for global economic growth in 2026 to 3.1%, an increase of 0.1 percentage point from its July projection, as investment linked to artificial
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Sri Lanka’s National Development Bank (NDB) suffered financial losses of approximately Rs 13.6 billion from fraudulent transactions, exceeding its initial disclosures by Rs 400 million, according to findings in a final audit
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SoftBank Group shares rose sharply in September as equity investors focused increasingly on the potential returns from its artificial intelligence investments, despite growing borrowing costs and concerns in credit markets over the
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A Sri Lankan court on Wednesday ordered the immediate release of US$916,537 held at the state-owned Bank of Ceylon and its return to Taiwan’s Far Eastern International Bank, the bank from which
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Swiss private bank Julius Baer committed serious violations of supervisory requirements covering risk management and anti-money-laundering controls, Switzerland’s financial regulator FINMA said on Tuesday after concluding an investigation into the bank. The
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Jane Street is set to double its London office space after outgrowing its existing premises near Liverpool Street during a period of rapid growth for the specialist trading firm. The company has
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HSBC has moved a board meeting scheduled for Dubai this month to London amid continuing security concerns linked to the conflict involving Iran, according to people familiar with the decision. Board members
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An International Monetary Fund (IMF) staff team has concluded discussions with Sri Lankan authorities on the country’s seventh review under its Extended Fund Facility (EFF) arrangement and the 2026 Article IV Consultation,
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China is promoting long-term, value-focused investing as it seeks to reshape its roughly US$4.5 trillion mutual fund industry and attract foreign investors, with the approach gaining renewed attention following Warren Buffett’s departure
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