The bank-to-bank transfer using the SWIFT system was symbolically important, indicating the war-torn country was reintegrating into the global financial community.
Tag: Banking and Financial Institutions
The Dark Side of China’s Gold Frenzy
Chinese investors have poured their savings into gold, attracted by promises of rising prices. One company’s sudden closure is a cautionary tale.
World Bank Ends Its Ban on Funding Nuclear Power Projects
The decision, a major reversal, could help poorer nations industrialize, cut planet-warming emissions and boost U.S. competitiveness on next-generation reactors.
World Bank Ends Its Ban on Funding Nuclear Power Projects
The decision, a major reversal, could help poorer nations industrialize, cut planet-warming emissions and boost U.S. competitiveness on next-generation reactors.
Gulf States Pay Off $15.5 Million Syrian Debt to World Bank
The move was the latest victory for Syria’s new government as it attempts to stabilize the nation after a long civil war and decades of dictatorship.
U.S. Moves to Blacklist Huione Group Over Money Laundering Ties
The Treasury Department said Huione Group and its affiliates had laundered more than $4 billion.
Scott Bessent Accuses IMF and World Bank of ‘Mission Creep’
Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their missions.
Global Growth Expected to Sputter Amid Trade War Fallout Fears
The International Monetary Fund expects slower growth and higher inflation in the U.S. as a result of President Trump’s trade policies.
IMF Expects Trump’s Tariffs Will Slow Global Economic Growth
The International Monetary Fund expects slower growth and higher inflation in the U.S. as a result of President Trump’s trade policies.
Europeans Show Less Stock Market Panic as Tariffs Cause Turmoil
Europeans tend to keep more of their money in cash, gaining some protection from the recent market volatility. But President Trump’s tariffs will have an effect, experts said.