The G7 finance ministers' meeting is overshadowed by banking crisis concerns.

Against the backdrop of concerns of a bank-led global financial crisis, the Group of Seven finance ministers and central bank governors meeting, which begins on Thursday, is anticipated to concentrate on strengthening the financial system.

Ahead of next week's G7 leaders’ summ...

If governments try to regulate cryptocurrencies without reaching a worldwide consensus, they will fail. FM A. Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman said on Sunday that a worldwide framework may need to be formed, and everyone will have to work together on it, before India takes any action on it, underscoring that global consensus is important for regulation of crypto. However, the Minister emphasized...

Sam Bankman-Fried, FTX's founder, was recently indicted on several felony counts, including violations of campaign finance laws.

The founder of the cryptocurrency trading platform FTX, Sam Bankman-Fried, has been hit with four new criminal charges, increasing the scope of his potential liability in what federal prosecutors are calling a billion dollar fraud.

On Thursday, a superseding indictment was unsealed, bri...

France's top budget aim for 2023 is reportedly lowering inflation

France's finance minister stressed the importance of fighting inflation on Monday as he presented a 2023 budget that faces "exceptional uncertainty" as a result of Russia's war in Ukraine.

While presenting the 2023 budget plan, French Finance Minister Bruno Le Maire to...

Global Fintech Personal Finance Market to grow at 11.5% during 2021 - 2029

Global Fintech Personal Finance Market is estimated to grow at a CAGR of 11.5% over the forecast period (2021 – 2029).

Extensive information on the following pointers will be covered in the 402+ Pages Research study:

• Global Market size and foreca...

The EU Taxonomy Dealing with Chemical Pollution

The green finance taxonomy of the European Union is about much more than just climate finance. It will provide an opportunity to focus on the health and well-being of the Europeans by phasing out hazardous chemicals that pollute our planet.

One out of every eight deaths in the region is...

Modi chairs meeting on Cryptocurrency, raises concerns about money laundering and terror financing

Prime Minister Narendra Modi conducted a meeting and discussed cryptocurrency, with government sources. It was strongly believed at the meet that cryptocurrency can mislead the youth by over-promising and non-transparent advertising.

Highlights

• Prime M...

Infosys CEO summoned over income tax glitch

Highlights

• The CEO of Infosys summoned by the finance minister
• Chairman of Maruti Suzuki was seen defending the company

The members of the Rashtriya Swayamsevak Sangh launched an attack on tech giant Infosys in their magazine. This was done because o...

JAPAN’S CURRENT ACCOUNT SURPLUS ROSE TO $12 BILLION IN APRIL

Highlights –

• Japan’s current account surplus rose to $12 billion in April.
• April saw a larger rise in exports than in imports in terms of value.
• Imports jumped 11.3 percent to 6.54 trillion yen.
• Primary income, gained...

JAPAN’S EXPORTS SAW LARGEST INCREASE BY 38% IN APRIL

Highlights –

• Japan’s exports saw largest increase by 38% in April.
• Exports of goods in April soared to 7.18 trillion yen.
• Imports rose 12.8 percent in April to 6.93 trillion yen.
• Exports to China grew 33.9 percent fro...

BITCOIN BAN: CHINA REITERATES

Highlights:

• High crypto trading worries China
• China reiterates the bans put on BTC in 2013 & 2017

China was never in favour of the cryptocurrency domain. Ironically though, it is still a hub of bitcoin miners. However with the rise of Bitcoin, an...

S. KOREA’S DOMESTIC DEMAND SHOWS IMPROVEMENT IN APRIL

Highlights –

• S. Korea’s domestic demand shows improvement in April.
• The country’s exports saw an increase of 41.1% on-year in April.
• In April, sales at department stores rose 26.8 percent on-year.
• The county rep...

JAPAN’S TRAVEL BALANCE FELL BY 89.2% IN FY 2020

Highlights –

• Japan’s travel balance fell by 89.2% in FY 2020.
• Japan’s travel surplus in 2020 fell 3.8% to 18.20 trillion yen from a year earlier.
• The service trade deficit stood at 3.73 trillion yen.
• Japan poste...

CORONAVIRUS PANDEMIC INCREASES JAPAN GOVT.’S DEBT TO $940 BILLION IN 2020

Highlights –

• Coronavirus pandemic increases Japan govt.’s debt to $940 billion in 2020.
• As of March 31, the outstanding balance meaning the debt per capita stood at 9.70 million yen.
• The nation's debt reportedly consisted of...

S. KOREA’S SOVEREIGN DEBT FALLS TO THE LOWEST LEVELTHIS WEEK

Highlights –

• S. Korea’s sovereign debt falls to the lowest level this week.
• The spread on credit default swaps (CDSs) for South Korea came in at 19 basis points.
• In 2020 the country's CDS premium rose to 57 basis points in l...

CAPITAL GAINS FROM CRYPTOCURRENCIES WILL NOW BE TAXABLE IN S. KOREA

Highlights –

• Capital gains from cryptocurrencies will now be taxable in S. Korea.
• The government plans to impose a 20 percent tax on capital gains of virtual assets from 2022.
• Stock and bonds investors will have to pay taxes on capita...

HYUNDAI MOTOR’S NET PROFIT FOR Q1 ROSE TO $1.36 BILLION

Highlights –

• Hyundai Motor’s net profit for Q1 rose to $1.36 billion.
• The result is said to have exceeded the median forecast of 1.32 trillion won.
• Hyundai plans to focus on promoting the IONIQ 5 all-electric model.
• I...

JAPAN SAW A BRISK INCREASE IN EXPORTS IN MARCH BY 16.1 PERCENT

Highlights –

• Japan saw a brisk increase in exports in March by 16.1 percent.
•  The recovery in exports has been attributed to rising in material shipments to China.
• Japan’s exports stood at 7.38 trillion yen ($68 billion).

INDIAN FINANCE MINISTRY SHOWS CONFIDENCE IN PREPARATION AGAINST SECOND COVID-19 WAVE

HIGHLIGHTS

• The report from Finance Ministry says that India is well prepared to combat the second wave of COVID-19.
• The ministry believes that the AtmaNirbharBharat Mission can overcome the second wave of COVID-19.

The report from Fi...

S. KOREA TO INCREASE FINANCIAL SUPPORT FOR GREEN PROJECTS TO 13%

Highlights –

• S. Korea to increase financial support for green projects to 13%.
• S. Korea is planning to review the establishment of a climate response fund this year.
• S. Korea aims to achieve the goal of going carbon neutral by 2050.