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EXCLUSIVE: Tokenization Will Empower Emerging Economies, Sologenic's Bob Ras Says
Friday, November 24, 2023 - 3:19pm | 463Sologenic co-creator Bob Ras discussed the nuances of tokenization and its impact on global markets, particularly in emerging economies. Tokenization is offering unprecedented opportunities for liquidity and inclusivity, he told Benzinga in an interview. Ras views regulatory changes as beneficial...
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Crypto May Exacerbate Financial Crises In Emerging Economies: BIS Warns Of 'Illusory Appeal'
Wednesday, August 23, 2023 - 10:21am | 566Emerging economies face heightened financial risks due to cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ether (CRYPTO: ETH), according to a study by the Bank for International Settlements (BIS), a prominent global central bank consortium. Despite some proponents advocating for digital assets...
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BRICS Emerges As New Global Powerhouse, US Dollar Faces Uncertain Future
Saturday, July 22, 2023 - 11:36am | 476The BRICS alliance, an association of the five major emerging economies of Brazil, Russia, India, China, and South Africa, is witnessing an increasing number of nations showing interest in joining its ranks. The surge in interest corresponds with an increasing number of countries...
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Brazilian President Lula Calls For BRICS Nations To Move Away From US Dollar Dependence
Thursday, April 13, 2023 - 11:18am | 490Brazilian President Luiz Inácio Lula da Silva has advocated for a shift away from reliance on the US dollar in global trade, proposing a single currency for transactions among the BRICS nations. Speaking at the inauguration of Dilma Rousseff, the newly-appointed President of the New...
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New World Currency? Here Are 3 Reasons Why The US Dollar Isn't Going Away, Despite BRICS Ambitions
Tuesday, April 4, 2023 - 1:26pm | 550The prospect of a new world currency has been gaining traction, with the BRICS alliance exploring the idea of an innovative currency. The group of nations plans to share proposals at a forthcoming summit in South Africa, which has led to discussions on the potential impact on the U.S...
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Hold Onto Your Wallets — A New World Currency Could Be In The Making, Courtesy Of BRICS Nations
Saturday, April 1, 2023 - 10:42am | 341The BRICS alliance is exploring the creation of an innovative currency, with plans to share proposals on its establishment at the forthcoming summit in South Africa, according to Alexander Babakov, deputy chairman of Russia's parliament, the State Duma. Speaking at the St. Petersburg...
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'They Are Scared' Crypto Ecosystem Pushbacks Over International Monetary Fund Control
Monday, February 27, 2023 - 2:07pm | 728Key industry leaders have come up in arms against the International Monetary Fund’s (IMF) statement that cryptocurrencies in general should not be granted legal tender status, saying central banks the world over are losing their grips on world finance. Leaders say a blanket ban...
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Emerging Market Companies Are Tapping The U.S. Debt Market At Record Levels
Tuesday, May 2, 2017 - 9:58am | 455Companies based in emerging markets are tapping the US debt market at record levels. According to a Bloomberg report, debt issuance from emerging companies that are denominated in U.S. dollars soared 159 percent so far in 2017 to $160 billion. Emerging market companies suffered a brief setback...
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Fortune: These Are The Five Worst Investments You Could Have Made During 2015
Tuesday, December 29, 2015 - 2:12pm | 254As 2015 comes to an end, Fortune has compiled a list of the five worst investment classes and ideas that plagued investors during the year. 1. Oil/Energy: 25 of the worst 30 performing stocks within the S&P 500 index were stocks in the energy sector. 2. Micron Technology, Inc. (NASDAQ: MU):...
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World Bank: Developing Countries Face 'Tough Challenges,' Global Economy Will Grow 2.8% This Year
Thursday, June 11, 2015 - 11:28am | 318The World Bank stated in its latest Global Economic Prospects (GEP) report on Wednesday that 2015 is gearing up to be the fourth consecutive year of disappointing economic growth, particularly for emerging economies. "Developing countries were an engine of global growth following the financial...