Latest News for: Bank offshore

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Australian coal miners flag finance, insurance difficulties

Mining Dot Com 13 May 2021
Global insurers, along with banks and other industries, have come under pressure from shareholders and climate activists to stop facilitating fossil-fuel mining projects ... “Generally, Offshore Asian Banks will only participate in an Australian based syndicated financing deal if Australian banks are participating,” it said.
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EnergyAustralian coal miners flag finance, insurance difficulties

Reuters 13 May 2021
Global insurers, along with banks and other industries, have come under pressure from shareholders and climate activists to stop facilitating fossil-fuel mining projects ... “Generally, Offshore Asian Banks will only participate in an Australian based syndicated financing deal if Australian banks are participating," it said.
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Eight arrested over dirty money network flying cash to Dubai in suitcases

The National 12 May 2021
The UK, with its large financial services industry, opaque property market and offshore jurisdictions, has proved ripe for exploitation by money launderers. Bank officials, estate agents and lawyers are among the professions who are supposed to report high-value cash deposits in ...
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People: Clarion; ABL Business; Shortlister; and more

The Business Desk 12 May 2021
Jeffels said ... Manning added ... .... With over 30 years’ experience in financial services – in sectors ranging from retail to offshore banking – Roberts has provided working capital for hundreds of organisations and facilitated growth strategies ranging from £50,000 through to complex, multi-million-dollar investments, both in the UK and overseas ... .... .
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Wednesday letters: Trust Ascendigo, Ascendigo incompatible, West Glenwood development, Whiting column, City Market, Missouri Heights fire and water, Boebert on bone marrow, Gardner, Bertuglia, irresponsible land use, beacon of hope, and landfill manager

Post Independent 12 May 2021
Understand, and trust, Ascendigo. I work directly with Ascendigo’s participants with autism, and I also live in the Missouri Heights area. If I were to name every life-changing moment I have encountered with Ascendigo, this letter would be too long ... They use offshore bank accounts to stash their trillions of dollars in profits to avoid paying taxes ... ..
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Initial quota set for wealth link

Shenzhen Daily 11 May 2021
REGULATORS set an initial quota of 150 billion yuan (US$23.2 billion) for transactions under the wealth management connect program that links southern Guangdong Province with offshore centers Hong Kong and Macao, according to draft rules published last week ... China’s central bank.
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Marine environmental situation is stark, Oireachtas committee told

The Irish Times 11 May 2021
Turning to the wind energy industry she said “we recognise the role that offshore renewable energy will play in decarbonising our economy and tackling climate change” ... He said the organisation was working well with developers of the proposed offshore windfarm at the Coddling Bank and SSE Airtricity which owns the Arklow Bank windfarm.
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Norway dips into $1.3tn reserves to dedicate $50bn to economic stimulus

The National 11 May 2021
He also said that a wider deficit is likely to result in more krone purchases, as Norges Bank converts offshore revenue and transfers from the fund into the domestic currency to pad government coffers ... Norway’s fiscal spending plan “has hawkish implications for Norges Bank”, Lina Fransson, a fixed income strategist with SEB, said in a research note.
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Norway dips in to wealth fund for relief during pandemic

Business Day 11 May 2021
Government withdrawals, as a share of the world’s biggest wealth fund, will reach 3.7%, compared with the central bank’s estimate of 3.3% ... He also said that a wider deficit is likely to result in more krone purchases, as Norges Bank converts offshore revenue and transfers from the fund into the domestic currency to pad government coffers.
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Banks Are Getting Increasingly Tough on Bitcoin and Other Cryptocurrencies Amidst Mainstream Adoption

Coin Idol 11 May 2021
This leaves a big threat to banking ... Financial institutions, especially offshore banks, are very cautious about crypto asset investors because they deposit huge amounts of money in banking institutions and then transfer it out to a digital wallet or a brokerage house, which converts it to cryptocurrency without being monitored or regulated.
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Drawing foreign investors

Business Line 11 May 2021
* Elimination of tax on transfer of bonds, Global Depository Receipts (GDRs) or derivatives or specified securities, on a recognised stock exchange located in IFSC for the investment division of an Offshore Banking Unit (OBU) ... The recommendations were categorised in three parameters — banking, insurance and asset management and capital markets.
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Indonesia Is Considering to Tax Crypto Trading

Finance Magnates 11 May 2021
Due to the nature of cryptocurrencies, it is very easy to trade on an offshore exchange, take payouts in cryptocurrencies, and hide profits from tax agencies. The Indonesian central bank banned the use of digital currencies as a mode of payment in January 2018 but permitted crypto trading, considering them as commodities ... ....
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Sustainable BusinessSSE, Equinor plan new gas power plant with carbon capture in Scotland

Reuters 11 May 2021
SSE operates a combined cycle gas turbine power station at the site in Aberdeenshire, which it is seeking to decarbonise ... read more ... SSE and Equinor are already jointly developing two low-carbon power stations at Keadby in North Lincolnshire and also partner in the Dogger Bank offshore wind farm. read more. Our Standards ... ....
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JSW Hydro obtains four times higher bids for $750 mn overseas green bonds

The Times of India 10 May 2021
It is the first such offshore issue in the aftermath of the second wave of the coronavirus with a local borrower aiming to repay high-cost rupee-debt ... Deutsche Bank, JP Morgan, Barclays, Standard Chartered Bank are among others that helped the company mop up offshore funds for the first time.
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Time for SA to adopt an entrepreneurial orientation strategy

Business Day 10 May 2021
Despite buoyant economic growth — averaging almost 4% between 1994 and 2007 — accompanied by prudent fiscal and monetary policy, inequality and poverty have got worse since 1994, and according to a 2018 World Bank report race still affects people’s ability to find a job.
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