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Malaysia and Philippines central bankers stick to caution on rates

  Bloomberg Southeast Asian central bankers are keeping a cautious approach toward monetary tightening, as the fallout from the war in Ukraine stokes risks to global growth and inflation. Bank Negara Malaysia will continue gauging the “appropriate degree of monetary policy accommodation to make sure this economic recovery is much more durable,” Governor Nor Shamsiah Mohd Yunus said in a ...

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JPMorgan processed Russia bond payments, sent money to Citi

  Bloomberg JPMorgan Chase & Co has processed funds that were earmarked for interest payments due on dollar bonds issued by the Russian government and sent the money on to Citigroup Inc. as bondholders waited for a second day to receive the $117 million. JPMorgan was the correspondent bank Russia used to send the payment to Citigroup, which is acting ...

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Sberbank gets license to issue digital assets

  Bloomberg Russia’s central bank granted Sberbank PJSC, the nation’s biggest lender, a license to issue and exchange digital assets. Using Sber’s platform, companies can issue their own digital assets to attract market investments, buy digital assets through Sber’s system, or make other digital assets transactions, the bank said in a statement. “We are just starting our work with digital ...

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