Finance

José Antonio Kast of the far-right Republican Party was elected president of Chile last month in a 58%-to-42% rout of rival Jeannette Jara, the Communist Party standard-bearer. Campaigning on a promise to expel undocumented migrants and crack down on crime, Kast finished second to Jara in the first round of …

Cryptocurrency is making moves into professional sports, but the feeling isn’t always mutual. The most recent example is Tether, the issuer of the world’s largest stablecoin (USDT), which made an unprecedented multi-billion-dollar all-cash bid to acquire control of the renowned Italian football club Juventus FC. “For me, Juventus has always …

Crypto firm Ripple has been granted conditional approval in its bid to secure a national trust bank charter from the Office of the Comptroller of the Currency (OCC)—the US federal regulator that supervises national banks and federal savings associations. Ripple, together with four other crypto-related businesses, Circle, BitGo, Fidelity Digital …

Nigeria has signed a new memorandum of understanding (MoU) with France to rewrite its tax framework for the digital economy, aiming to increase tax revenues beyond its borders. Under the terms of the MoU, France’s tax authority, the Direction Générale des Finances Publiques (DGFiP), will assist Nigeria’s Federal Inland Revenue …

Banking giant HSBC and Singapore-based Ant International successfully connected Ant’s blockchain infrastructure to Swift’s network between HSBC Singapore and Hong Kong via HSBC’s tokenized deposit services. It enabled real-time cross-border treasury management. The test was the first example of leveraging the Swift network and ISO 20022 messaging standard. Using ISO …

Costa Rica has harnessed “Pura Vida” or pure life to more traditional industries, such as agriculture and tourism, and has been one of Central America’s success stories in recent years thanks to an export-driven economy based on medical technology and services. But GDP growth is projected by the World Bank …

A new wave of agentic AI systems is reshaping banking operations. Unlike typical large language model (LLM) applications that answer prompts, agentic systems execute sequences of actions: querying systems, retrieving documents, transforming data, and producing outputs. Quietly, these autonomous tools are beginning to redefine the banking technology landscape. The potential …

Advanced analytical and forecasting tools are changing the way CFOs work and the skill sets needed to excel. CFOs and their teams are parlaying their unique perches in corporate organizational charts with the emergence of AI and other tools to lead the growing use of technology-enabled strategic foresight and planning. …

A global provider of third-party support for enterprise software, such as Oracle and SAP, Rimini Street offers premium application management, support, and innovation services. The Nasdaq-listed company, headquartered in Las Vegas, also provides related services, including security, managed services, and consulting. Global Finance: What is the main obstacle you have …

Investment-grade companies are more and more turning to private markets for multibillion-dollar financings. Private credit deals have jumped in recent years from traditionally moderate-sized transactions by leveraged or private companies to gigantic financings by investment-grade multinationals: a major leap that’s likely to continue. Meta Platforms and Blue Owl Capital’s recent …