MOSCOW, Jan 28 (Reuters) – The Russian government published a 2.34 trillion rouble ($34.8 billion) plan on Wednesday to address an acute economic and financial crisis prompted by a collapse in oil prices and Western sanctions over the Ukraine crisis.
SHANGHAI (Reuters) – – The financial services affiliate of Alibaba launched on Wednesday a system that will use the e-commerce giant’s data trove to assess the creditworthiness of Chinese consumers and businesses with little or no history at traditional lenders.The credit-scoring system, Sesame Credit, will mine user data as well as payment histories from Alibaba Group Holding’s various platforms, Ant Financial Services Group in a statement…
(The following statement was released by the rating agency) JAKARTA/SINGAPORE, January 28 (Fitch) Proposals by Indonesia’s financial services authority (OJK) to increase the amount of insurance business placed with domestic reinsurers could potentially add to challenges for both the domestic insurance and reinsurance sectors, says Fitch Ratings…
LONDON, Jan 28 (Reuters) – Hedge funds earned $1.5 trillion for their investors over the last ten years and more pension funds are increasing the amount of money they allocate to them, trade body Alternative Investment Management Association (AIMA) said on Wednesday.
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