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Turchia
Islamic bank, Türk Eximbank ink $100 mln deal to aid SMEs
The Islamic Development Bank (IsDB) and Türk Eximbank signed a syndicated murabaha (interest-free) deal of $100 million to finance small and medium-sized enterprises (SMEs), and middle capitalization companies (MidCaps) in Turkey.
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Turchia
S&P affirms Turkey's credit rating
Standard & Poor's rating agency on May 6 affirmed Turkey’s long-term foreign currency sovereign credit rating at B+ and long-term local currency sovereign credit rating at BB-.
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Turchia
Barbers overjoyed at resuming business
Barbershops across Turkey will reopen next week after a 50-day hiatus as part of the country's measures to stem the spread of the novel coronavirus.
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Turchia
Turkey in swap line talks with G20 peers: Minister
Turkish Treasury and Finance Minister Berat Albayrak has ensured international investors that Turkey’s reserves are sufficient and Ankara has been holding swap line talks with other countries.
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Thailandia
Want to grow your business? The answer is in your wallet
In Thailand, it is common to see people take out different credit or debit cards to pay for everyday purchases. Thai consumers are also gravitating towards using pre-paid cards for convenience, speed and security when traveling abroad. After all, it is not uncommon to see Thais holding multiple payment cards ...
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Cina USA Iran Cuba
China wants to make the yuan a central-bank favourite
BETWEEN 2004 AND 2012 BNP Paribas helped funnel $30bn into Sudan, Cuba and Iran, all then under American sanctions. It hid its tracks using a network of “satellite” banks and by stripping payment messages of incriminating references. Whistleblowers tipped off American prosecutors. The bank pleaded guilty, expecting to pay €1.1bn ...
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Cina Russia USA Iran
Geopolitics and technology threaten America’s financial dominance
IN ANUARY AN American former general spoke at a gathering of senior global financiers. Used to thinking about strategy and hard power, he warned that America is dealing poorly with its most complex array of threats since the cold war—from Iran and Russia to the novel coronavirus. But he also ...
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Cina USA Hong Kong
Can China be trusted to be a responsible financial power?
CAUSEWAY BAY is back in business. Even as the world shuts down, the retail heart of Hong Kong, which enforced an early lockdown, is beating again. Yet normality is not complete. The local branch of ICBC, a symbol of Beijing’s sway, remains barricaded. Its managers fear that pro-democracy protesters, free ...
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Cina USA
As China goes global, its banks are coming out, too
AMERICAN BANKERS make for bold bosses. From his roomy office in Manhattan, in early February, the boss of one of the country’s biggest suggested he has few serious rivals—and all are just a few blocks away. “US banks continue to gain share from European banks.” Asia barely gets a mention. ...
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Francia
Acknowledgements
The author would like to acknowledge the generous help he received from many people while preparing this report. Apart from those mentioned in the text, particular thanks go to Audrey Blater and Yue Malan of Aite Group, Perianne Boring of the Chamber of Digital Commerce, Arnaud de Bresson of Paris ...