Latvian government claims central bank scandal is smear campaign

Neil Buckley in Riga February 21, 2018 Latvia’s government has reinforced claims that the scandals shaking its banking sector were a disinformation campaign aimed at smearing the country and disrupting elections set for later this year. The Baltic country has been shocked by US allegations of institutionalised money laundering against ABLV, its third-largest lender, and […]

World Bank refinancing of Uganda’s Bujagali hydropower scheme under the spotlight

The Bujagali Falls in Uganda. Photo by: Michell Zappa / CC BY-SA LONDON — The World Bank’s board of directors is considering a refinancing package for the controversial Bujagali hydropower project in Uganda amid a high-profile campaign from civil society groups and the bank’s own watchdogs. The Bujagali dam is a 250 megawatt hydropower station built on […]

Myanmar bank blast kills two, injures more than 20

YANGON: Two people were killed and 22 wounded when a bomb exploded on Wednesday (Feb 21) at a bank in northern Myanmar, officials said, amid continuing violence despite a fraught peace process. The bomb went off in the town of Lashio in Shan state, which has seen several ethnic insurgencies over the decades – although targeted […]

Ripple Adds Top Latin America Bank to Its Cash-Transfer Network

Ripple, the San Francisco-based venture looking to rewire financial firms with Bitcoin’s underlying technology, said Latin America’s biggest bank by market value is among five new customers joining its international money-transfer network. Brazil’s Itau Unibanco Holding SA, India’s IndusInd Bank Ltd. and a trio of remittance companies plan to use RippleNet, a service using blockchain, Ripple […]