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Why Venture Capital Is Accelerating In Asia — Why It’s Different From The Valley

PYMNTS

Despite the pandemic, venture capital dollars are flowing freely to nascent firms in Asia that are tackling the need for contactless interactions and platforms that match supply and demand — setting the stage for innovation on the other side of the public health crisis. Many of them are government, corporate or university led, Dixon said.

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New Fed Rules Lower Liquidity And Capital Requirements For Most Banks

PYMNTS

The United States Federal Reserve has passed new rules which lower the liquidity and capital requirements for most banks, as well as easing other restrictions. The new rules mean that only the biggest banks won’t be allowed to lower capital requirements. percent less in capital and 2 percent less in liquid assets. .

Capital 100
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Closing Latin America’s $350B SMB Trade-Finance Gap

PYMNTS

They’re not equipped to manage the operational risks associated with these smaller businesses,” Shoihet told PYMNTS, especially when it comes to extending short duration credit lines, debt products or factoring. But, as Shoihet said, these firms account for roughly 50 percent of trade volume in the LATAM region.

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After A Century, Barclays Steps Back From Africa Operations

PYMNTS

The decision to pare back operations in Africa — where the company will sell off much of its 62 percent ownership in publicly traded Barclays Africa — represents what The New York Times said was a step back from one of the key pillars of Barclays’ long-term strategy, right in lockstep with credit cards and investment banking.

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Toys R Us Is Going Strong In Asia

PYMNTS

While Toys R Us has disappeared from the United States, it is going strong in Asia, which plans to open 60 new stores throughout the region this year. It currently operates more than 550 stores in the region. It currently operates more than 550 stores in the region. “We

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New Fed Rules Lower Asset Requirements For Banks

PYMNTS

The United States Federal Reserve has passed new rules which lower the liquidity and capital requirements for most banks, as well as easing other restrictions. The new rules mean that only the biggest banks won’t be allowed to lower capital requirements. percent less in capital and 2 percent less in liquid assets. .

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Bankruptcy Wave Hits Whole Foods Competitors

PYMNTS

Three regional players in the organic food retail business — where Whole Foods and parent Amazon rule — have declared bankruptcy over the past month. Four generations of the family had owned and operated a handful of Fairways in New York City, starting with a fruit-and-vegetable stand that opened in 1933. The number of U.S.