Tag: finance

© Reuters. FILE PHOTO: The logo of Mexico’s Central Bank (Banco de Mexico) is seen at its building in downtown Mexico City, Mexico February 28, 2019. REUTERS/Daniel Becerril MEXICO CITY (Reuters) -Mexico’s central bank on Thursday raised its benchmark interest rate as expected by 50 basis points to 6.00%, a sixth straight rate increase, as…

The future looks great from the perspective of Memphis-based First Horizon National Bank. On a recent episode of “Mad Money,” Jim Cramer spoke with D. Bryan Jordan, chairman, president and CEO of First Horizon National Bank  (FHN) – Get First Horizon Corporation Report. Shares of First Horizon have risen almost 20% over the past year.…

J.P. Morgan JPM bullish on global stocks. “We believe that equities still offer upside, and that the cycle is far from over,” the bank’s strategists, led by Mislav Matejka, wrote in a commentary. “We look for more gains in earnings, bottoming out in China activity, after being cautious on the space last year and expect the…

© Reuters. FILE PHOTO: Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen as a trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., December 15, 2021. REUTERS/Andrew Kelly By Davide Barbuscia NEW YORK (Reuters) – Investors are preparing for more downside…

3/3 © Reuters. FILE PHOTO: Cars stand in line near a gas station as they wait to fuel up, after the central bank decided to effectively end subsidies on fuel imports, in Jiyeh, Lebanon, August 13, 2021. REUTERS/Aziz Taher/File Photo 2/3 By Timour Azhari BEIRUT (Reuters) – Lebanon’s banking association on Monday rejected a draft…

2/2 © Reuters. FILE PHOTO: A woman shows a screen of her smartphone, where Access bank mobile app is seen among others, in Abuja, Nigeria September 21, 2020. Picture taken September 21, 2020. REUTERS/Afolabi Sotunde/File Photo 2/2 By Huw Jones LONDON (Reuters) – Rapid action is needed to update how cross-border financial services are scrutinised…

© Reuters. FILE PHOTO: German Bundesbank President Jens Weidmann attends the 29th Frankfurt European Banking Congress (EBC) at the Old Opera house in Frankfurt, Germany November 22, 2019. REUTERS/Ralph Orlowski/File Photo By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Friday it has appointed Germany’s former Bundesbank president Jens Weidmann to lead…

Amortizing the value of an intangible asset can be spread over years or months. Canva ContentsWhat Is Amortization?How Is Amortization Calculated?Where Is Amortization Found in the Financial Statement?Where Is Amortization Used?Frequently Asked Questions (FAQ)What Is Amortization?Amortization is writing down the value of an asset or the payment of a loan over a period. From a…

By Anthony Esposito and Noe Torres MEXICO CITY (Reuters) – Mexico’s Deputy Finance Minister Gabriel Yorio said on Friday that talk of a “technical recession” in the country doesn’t take into account coronavirus-related economic volatility and global supply chain issues. Mexico’s economy, the second-largest in Latin America, likely shrank 0.2% in December compared with the…

© Reuters. FILE PHOTO: A general view shows the eastern Swiss Alps, Lake Zurich and the city of Zurich, Switzerland, April 8, 2021. REUTERS/Arnd Wiegmann//File Photo By John Revill ZURICH (Reuters) -Swiss banks have criticised planned new measures designed to cool the country’s red hot property market, saying the steps were unnecessary and would do…