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Search resuls for: "Divya Chowdhury Lisa Pauline Mattackal"


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DAVOS, Switzerland, Jan 20 (Reuters) - Kenya's central bank expects inflation to fall within its target range during the first quarter of 2023 and is comfortable with its trajectory, Governor Patrick Njoroge said at the World Economic Forum in Davos, Switzerland. Kenya's inflation in December dipped to 9.1%, still above the bank's target range of 2.5% to 7.5%. With that in mind, the bank expects the Kenyan economy to grow 6.2% this year, Njoroge said, and does not expect a potential global recession to be "unmanageable". The bank is also not worried about depreciation of the Kenyan shilling, and expects more external financing to support the government budget, Njoroge said. The Kenyan shilling has slipped 0.54% against the U.S. dollar this year after falling over 9% in 2022.
DAVOS, Switzerland, Jan 18 (Reuters) - The European Bank for Reconstruction and Development expects a record loss in 2022, primarily due to losses from its portfolio holdings in Russia and Belarus, EBRD President Odile Renaud-Basso said on Wednesday. The bank earlier reported record investments in 2022 of about 13.1 billion euros ($14.1 billion), and expects to continue investments targeted around food and energy security, Renaud-Basso said. It may make record investments in Tunisia. Renaud-Basso reiterated the bank's commitment to send 3 billion euros to Ukraine by the end of this year, particularly to help rebuild infrastructure. That would mean an expected deployment of around 1.3 billion euros in 2023, following last year's disbursement of 1.7 billion euros.
Jan 16 (Reuters) - Major markets such as the United States need new statutory definitions of digital assets to provide regulatory clarity for the sector, Jeremy Allaire, CEO of USDC stablecoin issuer Circle said on Monday. Allaire said blockchain technology itself should be viewed similarly to an operating system, while individual use cases should be regulated separately. "New definitions ... would help provide more clarity on which regulators are involved in what activity," Allaire told the Reuters Global Markets Forum on the sidelines of the World Economic Forum's annual meeting in Davos. The European Union is leading in developing digital asset regulations, he said, with the region's Markets in Cryptoassets (MiCA) rules expected to come into effect in 2024. "We're quite optimistic that MiCA will create the conditions for a thriving competitive market in the EU," Allaire said.
DAVOS, Switzerland, Jan 16 (Reuters) - SkyBridge Capital is betting on a sustained turnaround in cryptocurrency markets in 2023, the firm's founder Anthony Scaramucci said, while admitting this view was "overly bullish". "If bitcoin could trade back to $35,000, SkyBridge is going to have an amazing year," Scaramucci told the Reuters Global Markets Forum in Davos, Switzerland. Bitcoin is trading at around $20,800, a 26% gain so far this year after falling by more than 64% in 2022. SkyBridge has invested in bitcoin, ethereum , solana and altcoin algorand , and is also eyeing the structured credit market to drive 2023 returns after the firm's losses in 2022. "Structured credit, mortgage-backed securities, credit card debt, auto loans -- that's an attractive space again," Scaramucci said.
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