Tag: Economy

A country mission of the International Monetary Fund said on Friday that Ghana has managed its COVID-19 outbreak very effectively and its economy is rebounding with the support of strong policies.

© Reuters. BBVA bank logo is pictured in Bogota, Colombia February 14, 2020. REUTERS/Luisa Gonzalez By Pete Schroeder WASHINGTON (Reuters) – The U.S. Federal Reserve said on Friday it had approved the acquisition of the U.S. operations of Spanish lender BBVA (MC:BBVA) by PNC Financial Services Group Inc (NYSE:PNC), clearing the way for a deal…

GUANGZHOU, China, May 13, 2021 /PRNewswire/ — CNFinance Holdings Limited (NYSE: CNF) (” CNFinance” or the ” Company”), a leading home equity loan service provider in China, today announced that it will hold its annual general meeting of shareholders (the ” AGM”) at 44/F, Tower G, No. 16 Zhujiang Dong Road, Tianhe District, Guangzhou City, Guangdong Province 510620, People’s Republic of…

© Reuters. FILE PHOTO: Bank of Canada Governor Tiff Macklem arrives to a news conference in Ottawa, Ontario, Canada September 10, 2020. REUTERS/Blair Gable/File Photo/File Photo By Julie Gordon and David Ljunggren OTTAWA (Reuters) -If the buoyant Canadian dollar continues to rise it could create headwinds for exports and business investment as well as affecting…

CHICAGO, May 12, 2021 /PRNewswire/ — We did it again! Cook County Treasurer Maria Pappas said today that her office will be returning $2.7 million to homeowners who called the “Black and Latino Houses Matter” live phone bank she hosted with ABC 7 Chicago today, Wednesday, May 12. In March, Treasurer Pappas and ABC7 Chicago…

© Reuters. FILE PHOTO: The European Central Bank (ECB) and the skyline with its financial district are photographed during sunset as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, April 13, 2021. REUTERS/Kai Pfaffenbach By Julien Ponthus LONDON (Reuters) -European banks’ first-quarter earnings have surpassed all expectations in a turnaround from the…

Investors counting on the Bank of Japan to put a floor under stock prices may be disappointed as the current rout likely falls short of new thresholds set in March for its exchange-traded fund (ETF) buying, findings unveiled by the central bank show. As part of efforts to make its massive stimulus sustainable, the BOJ…

Rwanda’s economy is expected to grow 5.1% this year after contracting 3.4% in 2020 as a result of the COVID-19 pandemic, a senior finance ministry official said on Wednesday. Tushabe Richard, minister of state in charge of the National Treasury, said growth would accelerate to 7.0% in 2022 then to an average of 7.8% across…

Shad Sumrow, who practiced at Thompson & Knight for more than two decades and led its firmwide finance group, is taking his practice to fellow Texas firm Baker Botts. He joins Baker Botts as a partner in Dallas, the firm said Tuesday, touting his work on oil and gas and asset-based lending and structured finance…

© Reuters. FILE PHOTO: A general view shows The Bank of England in the City of London financial district in London, Britain, November 5, 2020. REUTERS/John Sibley/File Photo/File Photo By Huw Jones LONDON (Reuters) – The fragmentation of Europe’s capital market due to Brexit has increased operating costs for banks to the point where some…