BUDAPEST, April 6 (Reuters) – The National Bank of Hungary said on Tuesday it had raised the scope of its latest cheap loans programme to 3 trillion forints ($9.86 billion) from 2.5 trillion to help post-pandemic recovery.The bank said it has already booked more than 2 trillion forints worth of applications for the loans, which…
FILE PHOTO: Spanish Economy Minister Nadia Calvino, left, and International Monetary Fund Chief Economist Gita Gopinath take questions at the annual meetings of the IMF and World Bank in Washington, U.S., October 18, 2019. REUTERS/James Lawler Duggan/File PhotoWASHINGTON (Reuters) – The growth of U.S. debt due to massive coronavirus aid spending is not a major…
FILE PHOTO: Qatar Airway’s Chief Executive Officer, Akbar Al Baker speaks at the opening session of a CAPA aviation summit, in Doha, Qatar February 5, 2020. REUTERS/Ibraheem al OmariDUBAI (Reuters) – Qatar Airways Chief Executive Akbar al-Baker said on Tuesday he agreed with industry forecasts that passenger demand for air travel would not return to…
ANKARA (Reuters) – European Council President Charles Michel called on Turkey to keep working to resolve disputes with Greece and Cyprus over gas rights in the Mediterranean as he visited Ankara on Tuesday to discuss trade and refugees with President Tayyip Erdogan.Turkish President Tayyip Erdogan meets with European Council President Charles Michel and European Commission…
* Canadian dollar weakens 0.3% against greenback * Loonie trades in a range of 1.2516 to 1.2575 * Price of U.S. oil rises 1.9% * Canadian bond yields ease across flatter curve TORONTO, April 6 (Reuters) – The Canadian dollar weakened against its U.S. counterpart on Tuesday, with the loonie pulling back from a two-week…
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann/File PhotoZURICH (Reuters) – Credit Suisse on Tuesday said it was replacing senior managers, halting its share buyback programme and slashing its 2020 dividend as it grapples with the estimated 4.4 billion Swiss…
WASHINGTON, April 5 (Reuters) – U.S. bankruptcies surged in March driven by a 41% jump in month to month filings by consumers, data firm Epiq AACER reported on Monday.Overall commercial filings also increased, though the Chapter 11 bankruptcy used by larger companies fell, the firm said.U.S. bankruptcies had declined through much of the pandemic year,…
WASHINGTON, April 5 (Reuters) – The World Bank estimates that Africa would need about $12 billion for COVID-19 vaccines and their distribution to attain sufficient levels of vaccination coverage to interrupt virus transmission, according to new paper by the bank and the IMF.The paper argued for a further extension of the Group of 20’s debt…
FILE PHOTO: A person holds a sign advertising a sale at Century 21, a retail outlet that announced it was filing for bankruptcy and closing its stores due to the economic impact of the coronavirus disease (COVID-19) in Manhattan, New York City, U.S., September 26, 2020. REUTERS/Andrew KellyWASHINGTON (Reuters) – U.S. bankruptcies surged in March…
UPDATE 1-Brazil 2021 budget impasse to be resolved ‘well before’ April 22 deadline -economy minister
(Adds quotes, background)BRASILIA, April 5 (Reuters) – Brazilian Economy Minister Paulo Guedes said on Monday he expected the impasse surrounding this year’s federal budget to be resolved “well before” the official April 22 deadline, and dismissed the recent controversy surrounding it as noise.The 1.5 trillion reais ($264 billion) budget was approved by Congress last month…
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