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Sri Lanka blows $664m in ‘import reserves’ in two months

ECONOMYNEXT – Sri Lanka spent US$664 million to provide “import reserves” in November and December 2021 as the central bank attempted to implement a 200 peg to the US dollar while printing oil money to sterilize the same dollar sales at a fixed interest rate of 6.0%. The central bank …

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MPowered Announces Rate Cuts on 2 and 5 Year Patches

MPowered Mortgages has announced that it has refreshed its product lineup with rate reductions on many of its 2- and 5-year fixed rate products. Depending on the lender, a discount of 0.05% will be offered on all standard 5-year fixed products at 70% and 75%, with rates as low as …

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The demand for refinancing plunges by 50% from one year to the next. These are some of the reasons why

Image source: Getty Images Borrowers may forgo refinancing for good reason. Key points Refinancing requests are down 50% compared to the same period a year ago. Higher mortgage rates, economic uncertainty and a previous refinancing boom could explain this statistic. Refinancing a mortgage is a great way to save money …

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Investing in BrainTrust (BTRST) – Everything you need to know

BrainTrust (BTRST) operates as a next-generation talent network. The platform combines a decentralized protocol, community governance, custom cryptocurrency, and more to help companies build teams more efficiently. The system allows talents to secure market value and connect with companies in a simplified way. BrainTrust has secured a community that includes …

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Who is Daniele Sestagalli? Learn more about Time, SPELL and Popsicle

Do you know Daniele Sestagalli? This man is responsible for 3 of the most successful projects in the DeFi space, with a combined market cap of $ 6.5 billion (including MIM) and a total value stuck at $ 6.7 billion across all projects. Additionally, MIM is the stable coin in …

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Emerging economies “must prepare for Fed tightening and threats to global recovery”

The resurgence of the pandemic and the faster tightening of the US Federal Reserve pose risks to the global recovery and emerging economies should brace themselves for episodes of economic turmoil, according to the International Monetary Fund. In addition to the endemic variant of Omicron, pressures from the supply side …

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Bitcoin fear and greed index at its lowest since July 2021

The Bitcoin Fear and Greed Index, which tracks general community sentiment on the top digital asset, has sunk deep into “extreme fear” territory. The metric is currently at 15, which is the lowest level since July 21, 2021. Lowest levels in six months The Bitcoin Fear and Greed Index shows …

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Lawsuit: Google and Apple violate antitrust laws

A class action lawsuit has been filed in California against Google, Apple and the CEOs of the two tech giants for allegedly violating antitrust laws, according to a press release. The lawsuit calls for Google and Apple to be split into separate and independent companies in line with Standard Oil’s …

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The long shadow of the dragon in Sri Lanka

New Delhi: For some South Asian countries like Sri Lanka, Myanmar and Bangladesh, the “Chinese nightmare” is no longer just a bad dream. It is a living reality, which continues to threaten the national interests of countries and erode their very sovereignty. Sri Lanka’s fall into the dragon trap was …

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