Interest rates, in turn, could lead to a sharp tightening of global financial conditions and significant capital outflows from emerging and developing economies, IMF Managing Director Kristalina Georgieva said in a blog published Wednesday with the IMF’s surveillance note for G20 countries. inflation risks comes amid sharp criticism by Republican […]
STOCKHOLM — Sweden, which has shunned the strict lockdowns that have choked much of the global economy, emerged from 2020 with a smaller increase in its overall mortality rate than most European countries, an analysis of official data sources showed. Infectious disease experts cautioned that the results could not be interpreted as […]
Having crushed the resistance to its rule in Hong Kong, China is moving against Taiwan with irregular tactics meant to exhaust the island’s military — which is in bad shape to confront the threat. It’s unclear how the incoming Biden administration will respond. TAIPEI — Months after eliminating a popular challenge to its rule in […]
LONDON (Reuters) — JPMorgan has earned record revenue of around $1 billion so far this year from trading, storing and financing precious metals, vastly outperforming rival banks, two sources familiar with the matter told Reuters. The coronavirus has created a bonanza for investment banks dealing in gold, silver and other precious metals […]
Read original article… BUENOS AIRES, Nov 18 (Reuters) — The lower house of Argentina’s Congress on Wednesday approved a bill seeking to raise 300 billion pesos ($3.75 billion) through a tax on large fortunes to finance programs aimed at helping families hit by the COVID-19 pandemic. The Senate was expected to consider […]
LONDON (Reuters) — A group of seven major central banks including the U.S. Federal Reserve set out on Friday how a digital currency could look like to help catch up with China’s “trail blazing” and leapfrog private projects like Facebook Inc’s FB.O Libra stablecoin. The central banks and the Bank for International […]
SHANGHAI (Reuters) — Chinese regulators and major banks are rushing to curb precious metal trading by domestic investors to temper speculation that some fear could cause a repeat of this year’s oil trading mishaps. The scramble to limit risks comes as gold prices hit record highs this week, spurred by investors hunting […]
(Reuters) — Boeing Co (BA.N) slashed production of its biggest twin-engined jets, delayed its new 777X by up to a year and began sunsetting the iconic 747 as it posted a bigger-than-expected quarterly loss dominated by the COVID pandemic on Wednesday. The cuts mark the industry’s latest effort to tackle a crisis […]
The central bank’s holdings of equities lost 31.9 billion francs in value as the economic impact of the virus sent markets into a tailspin while it also suffered exchange rate-related losses of 17.1 billion francs as the appreciation in the franc reduced the value of its foreign stocks and bonds. […]
The current prime minister of Canada, Justin Trudeau, is surely preparing to face an ugly re-election campaign this October. This is said based on the exchanges with voters in the city councils this month. There he was interrogated on issues ranging from immigration to housing affordability. It should be noted […]