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Ghana abandoning Eurobond sale, mulls syndicated loans

  BLOOMBERG Ghana is considering raising money through private bank loans, abandoning plans to sell as much as $1 billion of Eurobonds on concern its inability to raise targeted budget revenue may spark an investor selloff. With-lower-than-expected oil prices, the government can’t raise all the revenue needed to meet the budget gap, the Ministry of Finance said in a statement ...

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‘Unacceptable’ inflation may end Russian rate pause

  Bloomberg The level of inflation Bank of Russia Governor Elvira Nabiullina just deemed ‘ unacceptable’ is looking better by the day. So much so that its failure to accelerate in May could force the central bank’s hand to ease policy for the first time in almost a year when it reviews interest rates this week. Price growth was unchanged ...

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Philippines boost defenses against cyber attacks

  Bloomberg The Philippine central bank is expanding its cyber-security unit, placing banks and money changers under tighter scrutiny, and will start to regulate digital currencies to ward off laundering and technology crimes. Bangko Sentral ng Pilipinas will tighten its oversight of foreign-exchange dealers and remittance companies in the next two to three months, Deputy Governor Nestor Espenilla told a ...

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