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BRICS-led New Development Bank to set up regional office in India
New Development Bank (NDB), established by the BRICS group of emerging economies, said on Friday it would set up a regional office in India for funding and monitoring infrastructure projects in that country and Bangladesh.
G7 to discuss crypto-asset regulation, says French central banker
The regulation of crypto-assets is likely to be discussed at a meeting of Group of Seven finance chiefs this week in Germany, said French central bank head Francois Villeroy de Galhau.
Sri Lanka in talks for $100m emergency funding from Beijing-backed bank
The China-backed Asian Infrastructure Investment Bank is considering granting $100 million in emergency support to Sri Lanka, the country's Finance Ministry said on Sunday.
ECB expects to hike rates after ending bond buys in Q3
The European Central Bank plans to raise interest rates some time after winding down its bond purchase program in the third quarter of this year, ECB board member Isabel Schnabel said.
Iranian ministry signs MoU with banks to support production units
The Iranian Ministry of Industry, Mine, and Trade signed a memorandum of understanding (MoU) with five banks to collaborate on implementing a supply chain financing plan to provide facilities to production units across the country.
Iraqi chief banker discusses debts in Tehran
A senior delegation from Iraq led by the country’s chief banker held talks with Iranian authorities in Tehran as a report suggested that negotiations between the two neighboring countries have focused on Iraq’s plan to settle a multibillion-dollar debt to Iran in the very near future.
China central bank to promote healthy development of property market
China’s central bank said on Saturday it will safeguard the legal rights of home buyers and better satisfy their reasonable living needs, vowing to promote healthy development of the country’s real estate market.
Over 700 bank accounts blocked in Iran over illegal forex trade
Iran’s intelligence ministry has identified and blocked more than 700 bank accounts that it believes have been used to launder massive proceeds obtained from illegal trading of foreign currencies.
ECB says a rate hike unlikely for 2022; euro slides
European Central Bank President Christine Lagarde reiterated on Friday that the “conditions to raise rates are very unlikely to be satisfied next year.”
World Bank chief calls for 'comprehensive' debt relief for poor countries
Debt loads in low-income countries surged 12 percent to a record $860 billion in 2020 amid the pandemic, prompting World Bank President David Malpass on Monday to call for a "comprehensive plan" to deal with the issue.
Europe's banks lagging on sustainability: BlackRock study
Europe’s banks are slow to act on sustainability and have limited understanding of their exposure to environmental, social and governance risks, according to a report by asset manager BlackRock for the European Commission.
Iran: Bahraini court's ‘baseless’ allegations against CBI are ‘politically motivated’
Iran’s Foreign Ministry spokesman strongly dismissed the allegations made by a Bahraini court against Central Bank of Iran and a number of other Iranian banks, saying those claims have been politically motivated and lack legal value.
EU watchdog tells banks to have a 10-year climate plan
Banks in the European Union must have a 10-year plan spelling out how they will deal with environmental, social and governance (ESG) risks to their bottom line, the bloc's banking watchdog said on Wednesday.
Iran’s economy records 3.6% growth in year to March: Chief banker
Iran’s economy grew by 3.6% in the calendar year to March both with oil and without oil, a sign the country is out of a deep recession caused by American sanctions and the coronavirus pandemic.
Iran prevents banks from bouncing checks amid coronavirus closures
The Iranian government ordered banks to stop bouncing dishonored checks until May 10 amid ongoing restrictions on businesses because of the coronavirus pandemic.

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