Tag: Economy

© Reuters. The logo of Nubank, a Brazilian FinTech startup, is pictured at the bank’s headquarters in Sao Paulo, Brazil June 19, 2018. REUTERS/Paulo Whitaker/File Photo SAO PAULO (Reuters) -Latin American fintech Nubank priced its class A shares on Wednesday at $9 each in an initial public offering on the New York Stock Exchange which…

© Reuters. FILE PHOTO: A man walks in front the Central bank headquarters building in Brasilia, Brazil October 4, 2021. REUTERS/Adriano Machado By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s central bank on Wednesday raised interest rates by 150 basis points and signaled another such hike in February, waging one of the world’s…

4/4 © Reuters. A delivery man drives a car with a trailer containing Cid Ice Cream, a brand run by Cuban entrepreneurs Henry and Yendri Garcia, in Havana, Cuba December 6, 2021. REUTERS/Natalia Favre 2/4 By Marc Frank and Mario Fuentes HAVANA (Reuters) – Cuban entrepreneurs Henry and Yendri Garcia have long peddled home-made ice…

© Reuters. FILE PHOTO: People wearing face masks walk past the headquarters of Chinese central bank People’s Bank of China (PBOC), April 4, 2020. REUTERS/Tingshu Wang/File Photo BEIJING (Reuters) – China’s central bank will cut the rates on its relending facility by 25 basis points (bps) to support the rural sector and small firms, effective…

2/2 © Reuters. FILE PHOTO: A worker is reflected in a wall of the Reserve Bank of Australia (RBA) head office in central Sydney, Australia, March 1, 2016. REUTERS/David Gray/File Photo 2/2 By Wayne Cole SYDNEY (Reuters) -Australia’s central bank left interest rates at a super-loose 0.1% on Tuesday and stuck with its bond buying…

© Reuters. FILE PHOTO: Swiss National Bank (SNB) Vice-Chairman Fritz Zurbruegg attends a news conference in Bern, Switzerland June 18, 2020. REUTERS/Arnd Wiegmann By John Revill ZURICH (Reuters) -Swiss National Bank Vice Chairman Fritz Zurbruegg, who implemented the ripping up of the central bank’s minimum exchange rate policy and the introduction of negative interest rates…

© Reuters. FILE PHOTO: Masked customers queue outside a shop in the Newtown suburb in the wake of coronavirus disease (COVID-19) regulations easing, following an extended lockdown to curb an outbreak, in Sydney, Australia, October 22, 2021. REUTERS/Jaimi Joy MELBOURNE (Reuters) – Australia will raise its 2022 economic growth forecast at the mid-year budget review,…

© Reuters. FILE PHOTO: International Monetary Fund (IMF) Managing Director Kristalina Georgieva attends the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 3, 2021. REUTERS/Yves Herman/File Photo By Andrea Shalal WASHINGTON (Reuters) – Private and sovereign creditors should accelerate work on debt restructuring efforts for countries like Chad, Zambia and Ethiopia or risk…

© Reuters. FILE PHOTO: A man is seen silhouetted wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walking near the financial district of New York City, U.S., October 18, 2021. REUTERS/Shannon Stapleton By David Henry NEW YORK (Reuters) – The global banking industry built up capital and showed its stability during the…

© Reuters ADDIS ABABA (Reuters) – Ethiopia’s central bank has lifted a suspension of lending by commercial banks to their customers using collateral such as property, the bank said on Monday. The economy has been shaken by a conflict that has lasted more than a year pitting Prime Minister Abiy Ahmed’s national army against rebellious…