Britain is betting everything on historic tax cuts and loans, investors scare

Register now for FREE unlimited access to Register Kwarteng lowers top income tax rate for growth Huge increase in UK sovereign debt issuance planned Stamps suffer worst malaise in decades Pound falls to new 37-year low against dollar LONDON, Sept. 23 (Reuters) – Britain’s new Chancellor of the Exchequer, Kwasi Kwarteng, on Friday unleashed … Read more

IDB Directors unanimously recommend firing Claver-Carone after ethical investigation

Visitors walk past a screen displaying the Banco Interamericano de Desarrollo (BID) logo at the Atlapa Convention Center in Panama City March 13, 2013. REUTERS/Carlos Jasso Register now for FREE unlimited access to Register WASHINGTON, Sept. 22 (Reuters) – The board of directors of the Inter-American Development Bank voted unanimously on Thursday to recommend … Read more

EXCLUSIVE India’s largest lender asks exporters to trade with Bangladesh in rupee, taka

New Delhi, Sept. 19 (Reuters) – Top lender State Bank of India (SBI.NS) has asked exporters to avoid deals with Bangladesh in the dollar and other major currencies as it appears to curb exposure to Dhaka’s declining reserves , according to an internal document and a source. Bangladesh’s $416 billion economy faces rising energy and … Read more

Bank robberies snowball in Lebanon as savers demand their own money

Register now for FREE unlimited access to Register Five more savers stop banks from accessing their money Depositors Redeem $60,000, Just Some in Custody Banks announced three-day shutdown due to security concerns Frustration over frozen savings, rising crisis BEIRUT, Sept. 16 (Reuters) – Five Lebanese banks were held up on Friday by depositors seeking … Read more

ECB governors see increasing risk of interest rates hitting 2% to curb inflation

The south facade of the European Central Bank (ECB) headquarters in Frankfurt, Germany, Dec. 30, 2021. REUTERS/Wolfgang Rattay/File Photo Register now for FREE unlimited access to Register Rate makers are preparing for ‘restrictive’ policies Movement needed if inflation still remains above 2% in 2025 Growth forecast for 2023 too rosy Proposal for ‘reverse tiering’ … Read more

Morning Bid: Powell for the People

Jerome Powell, chairman of the Federal Reserve Board, speaks at a press conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, US, July 27, 2022. REUTERS/Elizabeth Frantz/File Photo/File Photo Register now for FREE unlimited access to Register Aug 26 (Reuters) – A look at Jamie McGeever’s day ahead of … Read more

Money-rich Germany criticized by money laundering watchdog

FRANKFURT, Aug. 25 (Reuters) – Germany has been criticized by a global watchdog for not doing enough to tackle money laundering, such as by prosecuting very few for the crime, despite being one of the world’s largest money centers . The report of the Financial Action Task Force (FATF), a global body that groups countries … Read more

Exclusive: Major Traders, Banks Cut Ties With Russian-Backed Indian Refinery

The logo of the Russian oil company Rosneft is pictured at the Rosneft Vietnam office in Ho Chi Minh City, Vietnam, April 26, 2018. REUTERS/Maxim Shemetov/File Photo Register now for FREE unlimited access to Register NEW DELHI, Aug. 24 (Reuters) – Many global oil traders and banks have stopped dealing with Indian refinery Nayara … Read more

UK inflation rises to 18% in early 2023, Citi warns

Citi sees UK CPI peak of 18.6% in January BoE May Need To Raise Rates To 7% If Inflation Continues Ofgem limit reaches £3,717 in October, £5,816 in 2023 BoE forecasts inflation to peak in October at 13.3% LONDON, Aug 22 (Reuters) – UK consumer price inflation will peak at 18.6% in January, more than … Read more

Factbox: Major banks expect more than $1 billion in fines for WhatsApp use

Aug 22 (Reuters) – Banking giants such as JPMorgan Chase & Co (JPM.N) and Bank of America (BAC.N) collectively face more than $1 billion in regulatory fines for employees’ use of unapproved messaging tools, including email and apps like WhatsApp. The U.S. Securities and Exchange Commission (SEC) began investigating banks’ accounting practices regarding the use … Read more