Tag: Central bank

© 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. 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…

FAIRFAX, Va., July 21, 2021 /PRNewswire/ —  Independent Banker , the award-winning magazine of the Independent Community Bankers of America (ICBA) and the number-one source for community banking news, recognized The Freedom Bank of Virginia (“Freedom Bank”) as an ICBA top commercial lender in its July issue. Freedom Bank was specifically recognized at the #6…

U.S. Treasury bond yields slipped to fresh five-month lows Tuesday as traders pared bets on any near-term moves on rates or support from the Federal Reserve amid increasing concern that Delta-variant infections will slow the global economic recovery. Benchmark 10-year note yields were pegged at 1.167% in early Tuesday trading, the lowest since mid-February and…

Bitcoin traded slightly lower Saturday afternoon, hovering around $31,700 in very volatile weekend activity, a day after receiving favorable news that Bank of America  (BAC) – Get Report has approved trading in Bitcoin futures for some clients, according to CoinDesk unnamed sources. The cryptocurrency had risen to $32,200 late Friday before declining to $31,314 on Saturday morning. Bitcoin…

HOUSTON, July 16, 2021 /PRNewswire/ — Unity National Bank (“Unity”) recently announced an incident that may affect the privacy of information related to certain individuals. While Unity is unaware of any attempted or actual misuse of information in relation to incident, Unity is providing potentially affected individuals with information about the incident and steps individuals…

© Reuters. FILE PHOTO: A general view of the burning warehouse after violence erupted following the jailing of former South African President Jacob Zuma, in Durban, South Africa, July 14, 2021. REUTERS/Rogan Ward LONDON (Reuters) – The unrest that has ripped through South Africa in the past week will force its economy to contract by…

3/3 © Reuters. FILE PHOTO: People shop at a fish market at Karakoy district in Istanbul, Turkey, January 8, 2021. REUTERS/Umit Bektas 2/3 By Jonathan Spicer ISTANBUL (Reuters) – Five years after President Tayyip Erdogan saw off a coup, his chances of extending his rule into a third decade may depend on whether he can…

By Colin Packham CANBERRA (Reuters) – Pacific Island countries will seek debt relief from their creditors as the spread of COVID-19 leaves some governments struggling to provide basic and essential services, Tuvalu’s Minister of Finance Seve Paeniu said on Thursday. Paeniu said the COVID-19 crisis has decimated the dominant tourism industries of some Pacific countries,…

© Reuters. FILE PHOTO: U.S. Secretary of Commerce Gina Raimondo speaks during a high speed internet event at the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., June 3, 2021.REUTERS/Evelyn Hockstein By Andrea Shalal WASHINGTON (Reuters) – President Joe Biden does not yet have enough support from fellow Democrats…