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☆ Africa Walk 2023: Africa's creative industry takes center stage
▼ + stars: | 2023-07-17 | by ( Nimi Princewill | ) edition.cnn.com time to read: +7 min

Themed “Unleashing the potential and value of the African Creative Industry,” the continent’s billion-dollar creative industry will be at the center of conversations at the event, which aims to shine a spotlight on the possibilities and untapped value that the industry holds. Courtesy Platform CapitalAs an advocate for the continent’s cultural potential, Akindele is passionate about changing misconceptions surrounding the African creative industry at Africa Walk. “There’s a myth about the creative industry (in Africa) - that it is not structured and that you cannot put money in there,” he said. Similar to the oil industry’s success, the creative industry requires a lot of refineries to produce the finest oil product. The same refining is highly needed for our creative industry now,” said the singer whose real name is Oladapo Daniel Oyebanjo.

Persons: ”, Lehle Balde, Akintoye Akindele, ” Akindele, Lai Mohammed, Renee Yao, “, Nollywood, Party ”, Afrobeats, Kunle Remi, D’banj, creatives, “ I’ve, Daniel Oyebanjo, Oyebanjo, Riyah Abdul, ” Abdul Organizations: Nigeria CNN, Capital, CNN, African Creative Industry, Nigerian Information, Global Healthcare, Nvidia, Party, Africa Locations: Abuja, Nigeria, Africa, Senegal, Dakar, Lagos, Europe, North America, Asia, South Africa, Kenya

☆ China seen cutting key lending benchmarks as economy slows
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +3 min

The People's Bank of China (PBOC) lowered short- and medium-term policy rates last week, signalling it is about to embark on another round of loosening in monetary settings in a push to rev up the recovery. In a poll of 32 market watchers, all participants predicted cuts to both the one-year loan prime rate (LPR) and the five-year tenor . "However, the biggest risk is that rate cuts can be ineffective when households and businesses are excessively conservative, busy deleveraging and paying off debt." China's cabinet met on Friday to discuss measures to spur growth in the economy and pledged to roll out more policy support. Despite strong consensus of cuts to the LPR on Tuesday, market participants are divided on the size of the reductions.

Persons: David Chao, Chao, Li Hongwei, Zhou, Tom Westbrook, Sam Holmes Organizations: People's Bank of China, Reuters, Asia Pacific, Citi, Thomson Locations: SHANGHAI, SINGAPORE, China, Invesco

☆ China central bank seen cutting medium-term policy rate: Reuters poll
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI/SINGAPORE, June 14 (Reuters) - China's central bank is widely expected to cut the borrowing cost of medium-term policy loans for the first time in 10 months on Thursday, after it lowered two key short-term policy rates, a Reuters poll showed. China remains an outlier among global central banks as it loosens monetary policy to shore up a stalling recovery but further rate cuts will widen the yield gap with U.S. assets and risk greater outflows. The MLF rate serves as a guide to the benchmark loan prime rate (LPR), and markets usually use the medium-term rate as a precursor to any changes to the lending benchmark. Looking ahead, we expect another 10bp cut in the MLF rate in 3Q23." The PBOC last cut the MLF rate in August 2022 to prop up the broad economy disrupted by stringent zero-COVID measures.

Persons: Ting Lu, Larry Hu, Wu Fang, Winni Zhou, Tom Westbrook, Jacqueline Wong Organizations: People's Bank of China, Nomura, Macquarie, Thomson Locations: SHANGHAI, SINGAPORE, China, lockstep

"The central bank's rate cut decision was not a complete surprise to the market," said Ken Cheung, chief Asian FX strategist at Mizuho Bank. Further interest rate cuts in China would only widen the yield gap with the United States, even if the Fed pauses this week, sending the yuan lower and accelerating capital outflows. Tuesday's rate cut suggests policymakers are increasingly worried about the health of China's recovery, traders and analysts said. Bloomberg reported on Tuesday, citing unnamed sources, that China was considering at least a dozen stimulus measures including cuts to interest rates to support areas such as real estate and domestic demand. "There could be another RRR or policy interest rate cut in Q4, depending on the economic outcome over the next several months."

Persons: Ken Cheung, Yi Gang, Cheung, Marco Sun, Frances Cheung, Goldman Sachs, Winni Zhou, Tom Westbrook, Sam Holmes, Jacqueline Wong Organizations: People's Bank of China, Mizuho Bank, MUFG Bank, Bloomberg, OCBC Bank, Thomson Locations: SHANGHAI, SINGAPORE, China, United States, outflows

☆ China cuts short-term borrowing costs as economy slows
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +4 min

SummarySummary Companies PBOC lowers 7-day reverse repo to 1.9% vs. 2.0% prev. The People's Bank of China (PBOC) cut its seven-day reverse repo rate by 10 basis points to 1.90% from 2.00% on Tuesday, when it injected 2 billion yuan ($279.97 million) through the short-term bond instrument. "The central bank's rate cut decision was not a complete surprise to the market," said Ken Cheung, chief Asian FX strategist at Mizuho Bank. Tuesday's rate cut suggests policymakers are increasingly worried about the health of China's recovery, traders and analysts said. "However, the market is expecting the PBOC to cut the policy rate further.

Persons: 10bp, Ken Cheung, Yi Gang, Cheung, Marco Sun, Frances Cheung, Julian Evans, Pritchard, Winni Zhou, Tom Westbrook, Kim Coghill, Sam Holmes Organizations: People's Bank of China, Mizuho Bank, MUFG Bank, OCBC Bank, Capital Economics, Thomson Locations: SHANGHAI, SINGAPORE, China, United States, outflows

☆ India's banking system liquidity may remain in deficit in second half - analysts
▼ + stars: | 2022-09-22 | by ( Dharamraj Lalit Dhutia | ) www.reuters.com time to read: +4 min

REUTERS/Thomas White/Illustration/File PhotoMUMBAI, Sept 21 (Reuters) - Liquidity in India's banking system is likely to remain in deficit in the second half of this financial year as credit growth picks up and the circulation of currency notes rises, analysts said. As of Tuesday, the systemic deficit stood at 218 billion rupees, its highest since May 2019, with tax outflows in past week also squeezing liquidity. "Unless we see reasonable improvement in the balance of payment deficit, liquidity tightness will continue to persist," said Soumyajit Niyogi, director at India Ratings. Reuters Graphics Reuters GraphicsRBI ACTIONThe U-turn in liquidity has pushed up the overnight inter-bank rate above the policy repo rate of 5.4%. The RBI announced an overnight repo auction for 500 billion rupees after the close of market on Wednesday.

☆ В лесу в Кишинёве найден труп мужчины: полиция просит помочь установить его личность
▼ + stars: | 2021-06-03 | by ( Анна Ротарь | ) aif.md time to read: 1 min

0Труп мужчины нашли 29 мая в лесу вблизи улицы Мелестиу. Был одет в голубую куртку, свитер размера M, синие штаны, чёрную майку, нижнее бельё с надписью OMO, обут в тёмно-синюю обувь 42-го размера. Всех, кто владеет информацией, которая может помочь в установлении личности погибшего, просят звонить по номерам: (022) 52-11-00, (022) 78-23-23, 079 096162, 060 033397 или 112. Ранее, 20 мая, в том же лесу был найден труп женщины, личность которой также пока не установлена полицией. Подписывайтесь, чтобы быть в курсе всех событий в стране.

Locations: OMO, Мелестиу

☆ Poliția solicită ajutorul cetățenilor pentru identificare unui bărbat, găsit mort într-o pădure din Capitală
▼ + stars: | 2021-06-03 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: 1 min

Poliția solicită ajutorul cetățenilor pentru identificare unui bărbat de aproximativ 40-45 de ani, care în data de 28 mai a fost găsit mort în pădurea de pe strada Melestiu din Capitală. Potrivit oamenilor legii, pe corpul victimei nu au fost depistate urme de moarte violentă. Bărbatul avea înălțimea 170 – 175 cm, păr caștaniu, circomciziat. Era îmbrăcat în scurtă de culoare albastru închis, hanorac cu glugă, blugi de culoare albaştri cu curea neagră, maiou de culoare neagra cu linii galbene, lengerie cu inscripţia OMO, încălţat în pantofi de culoare albastru închis, talpa de culoare cafenie, mărimea 42. Persoanele care dispun de informații privind identificarea cadavrului sunt rugate să anunțe Poliția la numerele de telefon: (022) 52-11-00, (022) 78-23-23, 079 096162, 060 033397 sau 112.

Locations: Capitală

Semnalmente: vârsta aproximativă 40-45 de ani, înălțimea 170 – 175 cm, păr caștaniu, circomciziat. Îmbrăcat în scurtă albastru închis, hanorac cu glugă inscripţia „ISBN’’ mărimea M, blugi de culoare albaştri cu curea neagră, maiou de culoare neagra cu linii galbene, lengerie cu inscripţia OMO, încălţat în pantofi de culoare albastru închis „BUGATTI’’ talpa de culoare cafenie, mărimea 42. În context, Poliția se adresează tuturor cetăţenilor care dispun de informații privind identificarea cadavrului, să sune la numerele de telefon: (022) 52-11-00, (022) 78-23-23, 079 096162, 060 033397 sau 112.

☆ Trupul neînsuflețit al unui bărbat, depistat în sectorul Botanica; Poliția cere ajutorul oamenilor pentru a-l identifica
▼ + stars: | 2021-06-03 | by ( ) www.jurnal.md time to read: +1 min

Sursa foto: politiacapitalei.mdTrupul neînsuflețit al unui bărbat, depistat în sectorul Botanica; Poliția cere ajutorul oamenilor pentru a-l identificaCorpul neînsuflețit al unui bărbat, fără semne de moarte violentă, a fost depistat acum câteva zile în fâşia forestieră de pe strada Meleștiu din municipiul Chişinău. Bărbatul era îmbrăcat într-o haină de culoare albastru închis, hanorac cu glugă inscripţia ,,ISBN’’ mărimea M, blugi de culoare albaştri cu curea neagră, maiou de culoare neagră cu linii galbene, lenjerie cu inscripţia OMO, încălţat în pantofi de culoare albastru închis ,,BUGATTI’’ talpa de culoare cafenie, mărimea 42. Semnalmente: vârsta aproximativă 40-45 de ani, înălțimea 170 – 175 cm, păr caștaniu. Poliția se adresează tuturor cetăţenilor care dispun de informații privind identificarea cadavrului, să sune la numerele de telefon: (022) 52-11-00, (022) 78-23-23, 079 096162, 060 033397 sau 112.

Locations: Chişinău

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