Finance

President Luiz Inacio Lula da Silva of Brazil has expressed his willingness to consider Finance Minister Fernando Haddad's suggestions for spending cuts. However, he has made it clear that any fiscal adjustments must not come at the expense of the poor. This statement comes amidst mounting pressure on the government to reduce expenditures and achieve
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Indonesia's President-elect Prabowo Subianto has been at the center of controversy regarding the country's public debt and its impact on the economy. With contrasting reports surfacing about his plans to increase Indonesia's debt-to-GDP ratio to 50%, it is essential to analyze the potential consequences of such fiscal decisions. Denial of Debt Increase Contrary to reports
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The financial technology industry has undergone a significant transformation in recent years, with many industry executives and investors believing that the sector has finally reached a “bottom.” During the Money20/20 event in Amsterdam, executives shared their views with CNBC on how valuations have adjusted from unsustainable highs in the industry's peak years of 2020 and
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Ramp, the rapidly growing expense management company valued at $7.65 billion, has recently announced its foray into the realm of business travel through a strategic partnership with Booking Holdings' Priceline. This innovative product, named Ramp Travel, leverages the power of artificial intelligence and automation to revolutionize the process of booking and managing expenses related to
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Recently, New Zealand's central bank announced new rules that will limit how much housing finance lenders can provide for borrowers looking to take on high levels of debt relative to their incomes. This decision comes as policymakers aim to reduce default risk in the country's volatile housing market. Implementation Date for the Rules According to
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The upcoming week will see a focus on inflation data coming out of the United States. The personal consumption expenditures (PCE) price index, a key gauge of inflation favored by the Federal Reserve, is set to be released on Friday. This data will provide important insights into the direction of interest rates for the remainder
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The London Stock Exchange is set to see the launch of exchange-traded products (ETPs) backed by cryptocurrencies, marking a significant development in the world of digital assets. WisdomTree and 21Shares have announced their plans to introduce these innovative financial products, following approval from the UK's financial regulator. In a move that signals growing acceptance of
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Warren Buffett, the legendary investor, has finally let the cat out of the bag by disclosing his secret stock pick in a recent regulatory filing. The revelation unveiled that Buffett's conglomerate, Berkshire Hathaway, has purchased nearly 26 million shares of the Zurich-based insurer Chubb. This stake is valued at an impressive $6.7 billion, making Chubb
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