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Singapore to stay resilient amid normalisation of monetary policy: MAS
Singapore is well positioned to weather spillover effects of the normalisation of monetary policy in the advanced economies and the banking system is likely to stay resilient even under extreme stress....
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India hikes interest rate to curb inflation
MUMBAI: India’s central bank announced a surprise 25 basis point hike in its key interest rate on Tuesday, signalling that taming inflation is its key priority, rather than spurring growth, just...
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The Evolution of the Oil Weapon
money In the age of derivatives, swaps, and electronic money transfers, a new form of warfare has emerged: financial warfare. Recently, the U.S. passed sanctions on countries such as Syria, Venezuela,...
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U.S. Admirals Censured in Bribery Scandal
money The U.S. Navy censured three admirals in connection with a bribery scandal involving a Singapore company that held more than $200 million in contracts to clean and supply ships from the Seventh...
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