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Euro zone underlying inflation sticky, ECB’s Schnabel says in Washington

Euro zone underlying inflation sticky, ECB’s Schnabel says in Washington

© Reuters. FILE PHOTO: Isabel Schnabel, member of the German advisory board of economic experts attends the 29th Frankfurt European Banking Congress (EBC) at the Old Opera house in Frankfurt, Germany November 22, 2019. REUTERS/Ralph Orlowski WASHINGTON (Reuters) -Underlying inflation in the euro zone is proving sticky and the recent fall in energy costs may…

Explainer-What are credit default swaps and why are they causing trouble for Europe’s banks?

Explainer-What are credit default swaps and why are they causing trouble for Europe’s banks?

© Reuters. FILE PHOTO: Deutsche Bank logo and rising stock graph are seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo   DBKGn -1.58% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type: BUY SELL Date:   Amount: Price Point Value: Leverage: 1:1…

World Bank warns of ‘lost decade’ in global growth without bold policy shifts

World Bank warns of ‘lost decade’ in global growth without bold policy shifts

© Reuters. FILE PHOTO: People look on near cranes standing at a construction site in Beijing, China January 12, 2023. REUTERS/Tingshu Wang By Andrea Shalal WASHINGTON (Reuters) -Average potential global economic growth will slump to a three-decade low of 2.2% per year through 2030, ushering in a “lost decade” for the world’s economy, unless policymakers…

PBOC official: China banks concerned about credit ratings in debt overhauls

PBOC official: China banks concerned about credit ratings in debt overhauls

© Reuters. FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo By Rachel Savage JOHANNESBURG (Reuters) – Multilateral development banks (MDBs) reluctant to offer debt relief need to shoulder an “equitable burden” in…