© Reuters. FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White SHANGHAI (Reuters) – China is stepping up restrictions on financing to local government financing vehicles (LGFVs) to mitigate risks from hidden debt, the official Securities Times reported on Monday. Several banks and insurers are connecting their…
© Reuters. FILE PHOTO: People walk and shop as Israel reopens swathes of its economy, continuing to lift restrictions of a national lockdown to fight the coronavirus disease (COVID-19), inside the mall in Jerusalem February 21, 2021. REUTERS/Ammar Awad/Files JERUSALEM (Reuters) – Israel’s Finance Ministry said on Sunday the 2021-2022 budget will be based on…
© Reuters. FILE PHOTO: People pick up children from a school in Beijing, China, April 6, 2021. REUTERS/Thomas Peter HONG KONG (Reuters) -China’s private education firms are bracing for a “material” hit to their operations after Beijing announced new rules barring for-profit tutoring in core school subjects to ease financial pressures on families. News of…
2/2 © Reuters. FILE PHOTO: U.S. President Joe Biden holds a meeting on infrastructure with labor and business leaders at the White House in Washington, U.S. July 22, 2021. REUTERS/Jonathan Ernst 2/2 WASHINGTON (Reuters) -U.S. President Joe Biden on Friday authorized up to $100 million from an emergency fund to meet “unexpected urgent” refugee needs…
© Bloomberg. Mohamed El-Erian, chief economic advisor for Allianz SE, speaks during the Context Summits Leadership Day in Miami, Florida, U.S., on Wednesday, Jan. 30, 2019. Context Summits Leadership Day features many of the world’s top investors, policymakers and other well-known names in finance, to discuss the topics of interest to the alternative asset management…
© Reuters. FILE PHOTO: Madagascar’s President Andry Rajoelina attends a meeting to discuss the 20th replenishment of the World Bank’s International Development Association, in Abidjan, Ivory Coast July 15, 2021. REUTERS/Luc Gnago By Lovasoa Rabary ANTANANARIVO (Reuters) -A French citizen is among six people arrested on suspicion of involvement in a plot to kill Madagascar’s…
© Reuters. Yellen Warns of Default Risk by October Without Debt-Limit Hike (Bloomberg) — Secretary Janet Yellen said the Treasury Department will begin special steps on July 30 to avoid breaching the U.S. debt limit as a two-year suspension of the ceiling ends, urging lawmakers to act “as soon as possible” to avert a payment…
© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen speaks as she joins White House Press Secretary Jen Psaki for the daily press briefing at the White House in Washington, U.S. May 7, 2021. REUTERS/Jonathan Ernst By Doina Chiacu WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen urged lawmakers on Friday to increase or suspend the nation’s…
© Reuters. FILE PHOTO: The headquarters of the European Central Bank (ECB) in Frankfurt, Germany, March 12, 2016. REUTERS/Kai Pfaffenbach//File Photo The European Central Bank pledged on Thursday to keep interest rates at record lows for even longer to help sluggish inflation in the euro zone rise back to its elusive 2% target. ECB President…
2/2 © Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks on the economy at the White House in Washington, U.S. July 19, 2021. REUTERS/Jonathan Ernst 2/2 WASHINGTON (Reuters) – The Biden administration on Thursday released $3 billion in COVID-19 rescue funds aimed at helping localities bolster their economies in the wake of the pandemic,…
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