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Currency swap debt is an $80 trillion global regulator, says 'blind spot'

Currency swap debt is an $80 trillion global regulator, says ‘blind spot’

LONDON, Dec 5 (Reuters) – Pension funds and other “non-bank” financial firms hold more than $80 trillion in hidden off-balance sheet dollar debt in foreign exchange swaps, the Bank for International Settlements (BIS) said. ). The BIS, dubbed the central bank of central banks around the world, also said in its latest quarterly report that …

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Can you spot these 6 signs of financial abuse?

Image source: Getty Images There is help available. Key points Domestic violence is very common and, unfortunately, financial abuse can be a big part of it. If your partner refuses to discuss financial matters with you, jeopardizes your job, or withholds money from you altogether, these are major red flags indicating an abusive situation. If …

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“Buy now, pay later” lenders spot a new market: small businesses

“Buy now, pay later” lenders spot a new market: small businesses

Record levels of inflation, rising interest rates and low levels of confidence continue to complicate business life. This is especially true for small and new businesses, which often need to invest a significant amount of initial capital to purchase equipment, build inventory, or advertise. A potential solution to this difficulty is business-to-business (B2B) “buy now, …

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Chinese firms secure top spot at World Cup after team flops

Chinese firms secure top spot at World Cup after team flops

Kuala Lumpur, Malaysia – China may not send a team to Qatar, but Chinese companies will be the main sponsors of the 2022 World Cup. Chinese brands are the biggest sponsors of the tournament, surpassing even the list of American companies which include iconic names such as Coca-Cola, McDonald’s and Budweiser. Chinese sponsors have paid …

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