Tag: Economy

© 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…

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…