G20 summit 2021 in Rome: live updates

Italian Prime Minister Mario Draghi leaves after posing for a group photo with medical staff and world leaders at the G20 summit in Rome on Saturday. (AP Photo / Gregorio Borgia) (Gregoria Borgia / AP Photo) Italian Prime Minister Mario Draghi launched the G20 summit by urging leaders to unite …

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Bank credit is getting back on its feet

Lawrence Agcaoili – The Filipino Star October 30, 2021 | 00h00 Loans disbursed increased 2.7% in September MANILA, Philippines – Credit growth improved for the second consecutive month, increasing 2.7% in September, amid a modest recovery in the overall attitude of Philippine banks to credit and an improved economic outlook …

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Harnessing sustainable finance to fight climate change

Izmir, Turkey’s third largest city, is one of the liveliest cities in the Mediterranean region, surrounded by beaches and historic sites. The city’s port has been a major regional trade hub for thousands of years. But like many cities around the world, Izmir faces major sustainability challenges, such as water …

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Super funds shut up on ASIC insider trading investigation

Funds contacted include those who provided proof to Parliament’s Economic Committee last year that executives changed their investment options after the pandemic. Liberal MP Tim Wilson, who chaired the committee, raised transfers with ASIC. Three super funds – AustralianSuper, Cbus and Hesta – declined to comment when approached by the …

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Diokno sees “concrete” signs of pH recovery

Bangko Sentral ng Pilipinas Governor Benjamin Diokno said he now sees “concrete” signs of economic recovery from the global COVID-19 pandemic, driven by the acceleration of the vaccination program which is boosting economic activity and employment. Diokno, in a presentation Wednesday at the BSP-Philippine Institute for Development Studies virtual research …

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Soaring interest rates could hamper post-pandemic recovery

Guru Neupane, a developer of the Upper Chameliya hydroelectric project, is concerned about the potential rise in bank interest rates. Faced with a liquidity shortage, commercial banks are competing to entice depositors, offering high interest rates on deposits. It could also lead to an increase in interest rates on loans. …

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