Tag: Economy

MANILA (Reuters) – Philippine President Rodrigo Duterte has included a bill seeking to ease the country’s strict bank secrecy rules in his list of legislative priorities in his final year in office, the central bank said on Wednesday. The move comes weeks after a global dirty money watchdog – the Financial Action Task Force (FATF)…

2/2 © Reuters. A general view of Beirut central district, Lebanon, August 22, 2019. REUTERS/Mohamed Azakir 2/2 By Laila Bassam and Nafisa Eltahir BEIRUT (Reuters) -Lebanon’s central bank governor said nobody was running the country, hitting back after government criticism of his decision to halt fuel subsidies that have drained currency reserves. In an interview…

2/2 © Reuters. A general view of Beirut central district, Lebanon, August 22, 2019. REUTERS/Mohamed Azakir 2/2 By Laila Bassam and Nafisa Eltahir BEIRUT (Reuters) -Lebanon’s central bank governor said nobody was running the country as he defended his decision to halt fuel subsidies that have drained currency reserves, saying the government could resolve the…

© Reuters. FILE PHOTO: Lebanon’s Central Bank Governor Riad Salameh speaks during a news conference at Central Bank in Beirut, Lebanon, November 11, 2019. REUTERS/Mohamed Azakir/File Photo BEIRUT (Reuters) – Lebanese central bank governor Riad Salameh maintained his innocence amid allegations of corruption, saying in a radio interview on Saturday that his conscience was clear.…

© Reuters. Junior Bankers’ Raises Widen Record Pay Gap Among College Grads (Bloomberg) — Much of Michael Lewis’s graphic description of life for junior bankers in the early 1980s still rings true today. Fresh college grads “gave themselves over entirely” to firms, working so many nights and weekends that one friend learned to nap on…

© Reuters. Kuwaiti entrepreneur Abdulaziz al-Mubarak, head of the Kuwaiti Union of Small and Medium Enterprises, speaks at his children’s clothing store in Avenues mall in Al-Rai, Kuwait, July 26, 2021. REUTERS/Stephanie McGehee By Ahmed Hagagy KUWAIT (Reuters) – Thousands of small and medium Kuwaiti businesses could go to the wall after being walloped by…

© Reuters. FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid (Corrects Mark Jenkins quote in 7th paragraph) By Chibuike Oguh and Patturaja Murugaboopathy (Reuters) – The abundance of cheap corporate debt is pushing investors who typically buy the…

© Reuters. FILE PHOTO: Federal Reserve Bank of Atlanta President Raphael Bostic participates in a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christop (Reuters) – The coronavirus pandemic exacerbated economic inequalities that existed before the crisis, leading to greater employment losses for…

SAN JOSE, Costa Rica, Aug. 10, 2021 /PRNewswire/ — The world is “going green” fast and investors are increasingly looking to help finance a better tomorrow by transitioning into a more sustainable environment. The market has fast evolved to include social and sustainable bonds with a specific emphasis on the especially attractive Green Bonds. In the past…

© Reuters. China’s Central Bank Outlook Fuels Calls for Policy Easing (Bloomberg) — China’s central bank fanned expectations of further monetary policy easing, saying in its latest quarterly report that inflation pressures are “controllable,” while highlighting risks to the economic growth outlook. The People’s Bank of China largely reiterated its stance of stable policy, pledging…