Europe’s consumers will feel the hit from price rises this year as companies seek to recoup revenues and cover pandemic-related costs. But for now, this is inflation the European Central Bank believes it can live with. Over the past year, the fallout from COVID-19 has contorted both the demand and supply sides of the global…
Relief measures announced by India’s central bank last week to help lenders and borrowers during the new devastating wave of COVID-19 infections will only delay the stress for financial institutions, Fitch Ratings said on Monday. The Reserve Bank of India (RBI) rolled out last Wednesday a slew of measures including a loan restructuring scheme to…
U.S. Treasury Secretary Janet Yellen on Friday heralded the progress the economy has achieved to escape the grip of the coronavirus pandemic but said more action was needed to “build back better.”
© Reuters. FILE PHOTO: The Treasury Department is pictured in Washington, U.S., April 25, 2021. REUTERS/Al Drago By Dan Burns (Reuters) – A bruising bond market sell-off earlier this year appears to remain high on the minds of Federal Reserve officials, who in a report on Thursday singled out the event as illustrative of continuing…
© Reuters. FILE PHOTO: Brazilian Real and U.S. dollar notes are pictured at a currency exchange office in Rio de Janeiro, Brazil, in this September 10, 2015 photo illustration. REUTERS/Ricardo Moraes By Jamie McGeever BRASILIA (Reuters) – Brazil’s real surged on Thursday to close at its highest in almost four months against the dollar, a…
LONDON, May 7, 2021 /PRNewswire/ — DeFinity, a decentralised finance (DeFi) marketplace for fiat Foreign Exchange, tokenised currencies, and central bank digital currencies (CBDC), announces its intention to deliver a near real-time settlement ecosystem to help FX market participants settle their cash FX, forwards, swaps, and NDF transactions at a fraction of the cost of…
CryptocurrencyEthereum hits new record high above $3,400, extending its more than 300% rally this yearPublished Tue, May 4 20211:23 AM EDTUpdated Tue, May 4 202111:31 PM EDTArjun Kharpal@ArjunKharpalShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey PointsEther, the digital coin linked to the Ethereum blockchain, hit an all-time high of $3,456.57…
Gen Xers’ share of total household wealth is barely half of that held by baby boomers, and impacts brought on by the coronavirus pandemic haven’t helped this financially unstable cohort. In the Gen X amid the Pandemic Report, Insider Intelligence assesses US Gen Xers’ finances and how they’ve been affected by the pandemic. Do you work…
A logo of car rental company Hertz is seen on a building during the coronavirus disease (COVID-19) outbreak in Nice, France, May 27, 2020. Picture taken with a slow shutter speed and a zoom effect. REUTERS/Eric Gaillard Hertz Global Holdings Inc (HTZGQ.PK) said on Tuesday it had received a revised offer from Knighthead Capital Management,…
CryptocurrencyEthereum hits new record high above $3,400, extending its more than 300% rally this yearPublished Tue, May 4 20211:23 AM EDTUpdated Moments AgoArjun Kharpal@ArjunKharpalShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey PointsEther, the digital coin linked to the Ethereum blockchain, hit an all-time high of $3,456.57 on Tuesday as the…
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