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Nobody running Lebanon, says central bank boss

Nobody running Lebanon, says central bank boss

2/2 © Reuters. A general view of Beirut central district, Lebanon, August 22, 2019. REUTERS/Mohamed Azakir 2/2 By Laila Bassam and Nafisa Eltahir BEIRUT (Reuters) -Lebanon’s central bank governor said nobody was running the country as he defended his decision to halt fuel subsidies that have drained currency reserves, saying the government could resolve the…

Lebanese central bank head maintains innocence against corruption charges

Lebanese central bank head maintains innocence against corruption charges

© Reuters. FILE PHOTO: Lebanon’s Central Bank Governor Riad Salameh speaks during a news conference at Central Bank in Beirut, Lebanon, November 11, 2019. REUTERS/Mohamed Azakir/File Photo BEIRUT (Reuters) – Lebanese central bank governor Riad Salameh maintained his innocence amid allegations of corruption, saying in a radio interview on Saturday that his conscience was clear.…

Bitcoin rises 7.07% to $47,587.38

Bitcoin rises 7.07% to $47,587.38

© Reuters. FILE PHOTO: Representations of cryptocurrency Bitcoin are seen in this picture illustration taken June 7, 2021. REUTERS/Edgar Su/Illustration (Reuters) – Bitcoin surged 7.07% to $47,587.38 at 2200 GMT on Friday, adding $3,142.93 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 71.6% from the year’s low of $27,734 on…

Summers Faults Biden’s Effort to Champion Lower Gasoline Prices

Summers Faults Biden’s Effort to Champion Lower Gasoline Prices

© Bloomberg. Lawrence Summers (Bloomberg) — Former Treasury Secretary Lawrence Summers criticized President Joe Biden’s efforts to lower the price of gasoline, saying it should be allowed to rise because fossil fuel consumption warms the planet. Summers said in an interview Friday on Bloomberg Television’s “Wall Street Week” that the Biden administration should instead adjust…

Fed to unveil bond-buying taper plan next month; jobless rate to fall slowly: Reuters poll

Fed to unveil bond-buying taper plan next month; jobless rate to fall slowly: Reuters poll

© Reuters. FILE PHOTO: Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis By Indradip Ghosh and Shrutee Sarkar BENGALURU (Reuters) – The Federal Reserve will announce a plan to taper its asset purchases in September, according to a solid majority of economists polled by Reuters who also said the…