Recent Posts

Argentina banks zero in on tax evaders’ $7bn

  Bloomberg One of the biggest priorities for Argentina’s banks will be convincing tax evaders who accepted an amnesty deal and declared $7 billion of cash to keep their money in the country, said BBVA Banco Frances SA Chief Executive Officer Martin Zarich. Argentines can choose to either pay a 10 percent fine, or buy into government bonds and closed-end ...

Read More »

Nordic Bank chairman predicts better times

  Bloomberg The chairman of the biggest Nordic bank says Donald Trump’s election win is good news for the US economy, thanks to the real estate mogul’s pledge to deliver tax cuts and deregulation. “Based on the expectation that the American President and Congress are likely to act on taxes, and perhaps on regulation as well, I think there is ...

Read More »

Zimbabwe’s bond notes to help ease currency crunch

  Bloomberg Zimbabwe will release dollar-backed bond notes with a daily withdrawal limit of $50 on November 28, the central bank said, as the Southern African nation grapples with a shortage of currency. “The bond notes will be released into the market through normal banking channels in small denominations of $2 and $5 to fund export incentives of 5 percent ...

Read More »
Send this to a friend