Tag: Central bank

The dollar wallowed near a five-month trough against major peers on Wednesday as Federal Reserve insistence that stimulus will continue kept yields low, while surprisingly hawkish New Zealand central bank comments pushed the kiwi higher. The euro traded just north of the key $1.2250 level — holding gains from Tuesday when it pushed as high…

Fashion brand owner, The Collected Group LLC, has secured court approval of its prepackaged reorganization plan that will put lenders in control of the company. Collected, represented by Paul, Weiss, Rifkind, Wharton & Garrison, expects it to go into effect this week after U.S. Bankruptcy Judge Laurie Selber Silverstein in Wilmington, Delaware signed off on…

© Reuters. FILE PHOTO: SoftBank Corp. placard is prepared during a ceremony to mark the company’s debut on the Tokyo Stock Exchange in Tokyo, Japan December 19, 2018. REUTERS/Issei Kato/File Photo By Sam Nussey TOKYO (Reuters) -The nomination of Koei Tecmo chair Keiko Erikawa to SoftBank Group’s board adds a veteran games industry executive known…

With a ceasefire due to take effect on Friday, Israelis and Palestinians counted the cost of 11 days of hostilities that disabled Gaza’s sanitation facilities and other infrastructure while disrupting Israel’s economy. Here are some details. GAZA Gaza’s housing ministry said on Thursday that 16,800 housing units had been damaged. Of those, 1,800 had become…

© Reuters. FILE PHOTO: A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie/File Photo By Julie Gordon and David Ljunggren OTTAWA (Reuters) -Price volatility is keeping cryptoassets from being widely accepted as a means of payment, the Bank of Canada said on Thursday, though the…

© Reuters. FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – About two-thirds of U.S. banks are either already taking measures to limit the growth in their balance sheets or would take steps to cap them if they continue growing, a…

Republic Bancorp, Inc. (RBCAA) – Get Report, parent company of Republic Bank & Trust Company, declared a cash dividend of $0.308 per share on Class A Common Stock and $0.28 per share on Class B Common Stock, payable July 16, 2021 to shareholders of record as of June 18, 2021. Republic Bancorp, Inc. (the “Company”)…

Wall Street’s main indexes remained lower on Wednesday after minutes from an April Federal Reserve meeting showed participants agreed the U.S. economy remained far from the central bank’s goals, with some eyeing a future discussion of tapering its bond buying program. The S&P 500 (.SPX) added to losses after the release revealed a number of…

© Reuters. By Huw Jones LONDON (Reuters) – It should be for clients to decide where they clear euro derivatives, though customers are ready to move business from London to Frankfurt if forced to by the European Union, bankers said on Wednesday. The London Stock Exchange’s LCH unit clears more than 90% of euro-denominated interest…

© Reuters. FILE PHOTO: Shipping containers are seen behind fencing in the Port of Montreal in Montreal, Quebec, Canada, May 17, 2021. REUTERS/Christinne Muschi/File Photo By Julie Gordon and Fergal Smith OTTAWA (Reuters) – The Bank of Canada has expressed concern about the strong dollar hurting exports, but soaring demand for commodities and a looming…