Tag: yuan (1 articles)

Finance   |   23 May, 2024 at 11:42 AM

Currency war: Reality or fantasy?

In 2024, the strength of the dollar could trigger a new currency war. The market is concerned about the risk of competitive devaluations in Asia to counter the strong dollar.

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Finance

FintechOS turns profitable over higher US sales

FintechOS, the financial technology company founded in Romania that provides AI-based digitalisation solutions for banks and insurers, has reached profitability on the back of a 40% rise in recurring revenue at the end of Q1, company representatives said.

Energy

EBRD lends €57 million to Delgaz Grid for investments

The European Bank for Reconstruction and Development (EBRD) is providing a loan of RON 300 million (€57 million equivalent) to Delgaz Grid, an electricity and gas distribution company operating in Romania, to support energy security.