FIFA Clearing House was money laundering risk for NL banks: NOS DutchNews.nl on 5 de July, 2023 at 8:43
Dutch banks were reluctant to partner with a proposed FIFA Clearing House in the Netherlands so the multi-billion project went to Paris, according to NOS broadcaster. The body was set up to distribute around $400 million a year for clubs that train others but also to “promote financial transparency and integrity, and avoid fraudulent contact in the transfer system”. But NOS claims plans to set up in Amsterdam floundered because Dutch banks believed there was too great a risk of…
Lucapa Diamond Company, overseeing Angola’s Lulo mine, recorded a $14.6 million decline, representing a 43% drop in diamond sales this quarter. Also, diamond production saw a 20% cut. As a result, dividends plummeted over 50% to $9.1 million. Yet, there’s a silver lining. Lucapa has kept 2,300 carats in stock and is planning to sell […]
Ambev, identified on the stock market as ABEV3, finds itself at a crossroads, with analysts sharply divided over its future. Bank of America remains optimistic, forecasting a 38.4% gain with a target price of R$ 15.50, suggesting a significant undervaluation given the current trends. Conversely, XP Investimentos adopts a more cautious stance, reducing their rating […]
The Rio de Janeiro City Hall has unveiled plans for an urban revitalization project focusing on Carioca Street in the city’s downtown area. The initiative seeks to boost Carioca Street’s appeal, activate historic buildings, and create a tourist spot through a “Revived Beer Street.” The project introduces craft breweries, shops, wider sidewalks, reduced lanes, and […]