Tag: finance

© Reuters. The logo of Russian bank Otkritie is seen at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 15, 2022. REUTERS/Maxim Shemetov By Alexander Marrow, Maria Kiselyova and Elena Fabrichnaya MOSCOW (Reuters) -The Bank of Russia on Thursday agreed to sell bailed-out Otkritie Bank to the country’s No.2 lender, state-owned…

© Reuters. FILE PHOTO: People cross a main road outside a shopping mall during afternoon rush hours in Jakarta, Indonesia, November 30, 2022. REUTERS/Willy Kurniawan By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s central bank raised its key policy rate on Thursday but at a slower pace than in recent months, reaffirming that inflation…

© Reuters. FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020. REUTERS/Kim Kyung-Hoon   JPM +0.48% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type: BUY…

Financial companies in the U.S. have been regulated by the Consumer Financial Protection Bureau (CFPB) since it was founded following the financial crisis of 2007 and 2008. In 2010, the CFPB was created when it was authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The legislation was intended to improve accountability and…

The Federal Reserve uses open market operations to implement monetary policy as set by the Federal Open Market Committee. Canva ContentsWhat Are Open Market Operations?How Do Open Market Operations Affect the Money Supply?How Do Open Market Operations Work?How Have Open Market Operations Evolved?What Are Open Market Operations?Open market operations refer to a central bank’s purchase…

© Reuters. FILE PHOTO: The Organization of Global Financial City Tokyo Chairman Hiroshi Nakaso attends a meeting with Tokyo Governor Yuriko Koike, Lord Mayor of the City of London Vincent Keaveny and other delegates at Tokyo Metropolitan Government office builidng i TOKYO (Reuters) – The Bank of Japan is continuing large-scale monetary stimulus as the…

© Reuters. ACCRA (Reuters) -Ghana’s finance ministry said on Monday it was suspending debt service payments on certain categories of external debt including Eurobonds, commercial loans and most bilateral debt, amid the worst economic crisis in a generation. Ghana had already announced a domestic debt exchange programme and on Tuesday said it had reached a…

© Reuters. FILE PHOTO: The International Monetary Fund logo is seen inside the headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas//File Photo CAIRO (Reuters) -The International Monetary Fund’s new $3 billion financial support package for Egypt aims to reduce government debt to less than 80%…

© Reuters. FILE PHOTO: People walk by office towers in the Lujiazui financial district of Shanghai, China October 17, 2022. REUTERS/Aly Song/File Photo By Kevin Yao BEIJING (Reuters) -China will focus on stabilising its $17-trillion economy in 2023 and step up policy adjustments to ensure key targets are hit, said a statement following an agenda-setting…

Sri Lanka’s government is heavily burdened by foreign debt payments and a current account deficit that pressures the national currency, the rupee. Canva ContentsWhere Is Sri Lanka? What Are Its Demographics?An Overview of Sri Lanka’s EconomyWhat Caused Sri Lanka’s Economic Crisis?COVID-19: A Turning Point in the EconomyAcceleration Into Economic Collapse in 2022Can Sri Lanka Recover…