Tag: SWIFT

• Sunday, February 27th 2022 - 13:53 UTC

  Russia banned from leading global banking network

  

  Western powers have decided to ban Russia from the SWIFT banking payments system as part of the sanctions against the Government of President Vladimir Putin for invading Ukraine, it was announced during the weekend in a joint statement from countries adopting the measure.

• Sunday, August 20th 2017 - 13:14 UTC

  Batista family, Brazilian meatpacker JBS main shareholder face several civil lawsuits

  

  JBS SA will proceed with plans to list a U.S.-based unit when market conditions allow, as the world's No. 1 meatpacker wrestles with a shareholder revolt over the role of the controlling Batista family in a massive graft scandal. In a conference call to discuss second-quarter results, CEO Wesley Batista said JBS Foods International Inc could be listed by the end of next year, once parent JBS finalizes 6 billion Reais (US$1.9 billion) in asset sales to cut debt and restore investor confidence.

• Wednesday, June 11th 2014 - 01:54 UTC

  China's Yuan gaining ground as world currency even for the US

  

  SWIFT's Tracker for the Chinese currency (Yuan or Renminbi, RMB) shows that United States' Yuan payments value increased by 327% between April 2013 and April 2014, placing the United States at number three 3 in the world for payments value, excluding China and Hong Kong.