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Anti-graft moves will hurt banking sector in Vietnam

Location:

VIETNAM

This was soon after further details emerged about previously reported financial scandals. The largest involves alleged embezzlement of more than VND300tn (well over USD12bn) from…

Russian banks will face tougher conditions in 2024

Location:

RUSSIA

Banking sector profitability surged from RUB199bn (USD2.2bn) in 2022 to around RUB3.3tn in 2023. Rising profitability was generated by robust credit expansion, lower loan…

Major challenges lie ahead for Bangladesh’s leader

Location:

BANGLADESH

The visit was especially notable in light of the tough measures the United States adopted to promote democracy in Bangladesh ahead of the January general election, and…

End of post-1945 economic order bodes ill for growth

Location:

INTERNATIONAL

The system of international institutions to promote cooperation and open trade was built on the political preferences of a group of the world's wealthiest states. Over time, the…

Canberra will be tough on pricing but not on mergers

Location:

AUSTRALIA

Under pressure on cost-of-living issues, Canberra is reviewing competition laws to see what effect market dominance may be having in a handful of major sectors, including banking…

Russia's construction boom is likely to moderate

Location:

RUSSIA

The completion of residential housing units reached a post-Soviet record of 110 million square metres. This strong expansion in construction activity was demand-led, stimulated by…

Russian bank profits will serve as fiscal reserve

Location:

RUSSIA

RUSSIA: Banking profits will serve as fiscal reserve

Italy's rejection of ESM reforms will continue

Location:

EU/ITALY

Reforms to the ESM, which is the EU’s main bailout fund, were agreed by member states in 2021 but implementation has been halted by Italian opposition. The vote exposed divisions…

Post-poll turmoil may worsen Pakistan’s economic woes

Location:

PAKISTAN

The elections, resulting in a fractured mandate and marred by allegations of rigging, have increased polarisation. Separately, Pakistan’s nine-month, roughly USD3bn Stand-By…

Lack of CBN reform may fuel more corruption in Nigeria

Location:

NIGERIA

Cardoso has promised to prosecute any entities involved in making fraudulent claims. The Deloitte audit is one of three concurrent investigations into the bank’s management under…