Bloomberg The Reserve Bank of India (RBI) will support internationalisation of the country’s popular unified payments interface (UPI) digital payments system, part of its vision for the coming years. “Enhanced interest evinced by major countries across the globe in India’s UPI could accelerate growth in trade and commerce with partnering countries while reducing speed and cost of remittances,” the ...

  Bloomberg Prime Minister Fumio Kishida said the Bank of Japan’s (BOJ) policy of monetary easing should remain on track for now, considering the negative impact a change would have on smaller companies. Monetary policy “should be judged comprehensively by taking into account the trends of the economy as a whole,” Kishida said on a Fuji Television network program. “A ...

Bloomberg European companies could find it hard to bargain for the kinder interest rates that the relationship-driven corporate loan market typically offers, as inflation and tighter monetary policy begin to bite into their funders’ pockets. Pricing is likely to rise for corporate loan borrowers in the near future, said Carlo Fontana, head of global syndicate at UniCredit SpA. “Banks’ cost ...

  Bloomberg Chinese banks kept their main lending rates unchanged on Monday, with the start of a gradual economic recovery from Covid lockdowns and tighter monetary policy in the rest of the world clouding the outlook for more central bank stimulus. The one-year loan prime rate was left at 3.7%, in line with forecasts and where it’s been since a ...

  Bloomberg BNP Paribas SA has expressed interest in a potential acquisition of ABN Amro Bank NV, the Dutch consumer lender that’s been government-owned since the financial crisis, according to people with knowledge of the matter. France’s biggest bank reached out for a meeting with the Dutch government and discussed its interest in a transaction, the people said, asking not ...

  Bloomberg Bitcoin struggled to hold above the closely-watched $20,000 level, extending a period of marked volatility that saw huge weekend swings. The largest cryptocurrency falls as much as 4.8% on Monday and was trading at $19,914 as of 7:32 am in London. Ether at one point shed 7.8% but held above $1,000. Altcoins like Solana, Cardano and Dogecoin declined. ...

Bloomberg Hong Kong’s stock exchange is planning to allow cash market traders to use multiple banks to settle transactions, a move that will help diversify risks and may also mitigate the dangers posed by any escalation in sanctions by Washington and Beijing. Hong Kong Exchanges & Clearing Ltd (HKEX) is drawing up plans to allow traders to sign up multiple ...

  Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) announced on Sunday that its operating and maintenance subsidiary Nawah Energy Company has received the Operating License from the UAE’s Federal Authority for Nuclear Regulation (FANR) for Unit 3 of the Barakah Nuclear Energy Plant, and the process of loading fuel assemblies into the reactor has begun in line ...

  Dubai / WAM Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), has revealed that RTA’s revenues collected via digital platforms increased by 32 percent in 2021 through 309 services provided via digital channels. RTA’s total digital revenues amounted to AED3.5 billion, compared to approximately AED2.65 billion in 2020. ...

  ABU DHABI / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, emphasised that the UAE is continuing to enhance its unique model to diversify energy sources and move towards environmentally friendly energy sources, to fulfill its international obligations regarding climate change phenomena, and achieve objectives of its ambitious strategic initiative for climate ...