Posted at 10:46h
in
News
by KMFSLLP
HSBC on Wednesday
announced a number of measures to support customers impacted by
the coronavirus, following other British lenders which announced
similar measures earlier this week.
...
Posted at 10:43h
in
News
by KMFSLLP
The Bank of England told banks
on Wednesday they can tap one of their capital buffers to
maintain lending during the coronavirus epidemic, but warned
they must not use the cash for bumping up bonuses or dividends.
Posted at 10:42h
in
News
by KMFSLLP
British finance minister Rishi
Sunak told ministers on Wednesday that his budget, alongside
measures set out by the Bank of England, would make Britain "one
of the best placed economies in the world" to tackle the impact
of coronavirus.
Posted at 10:33h
in
News
by KMFSLLP
* C.bank seeks to cushion blow to economy from virus
outbreak
(Adds analyst comment, details)
...
Posted at 10:32h
in
News
by KMFSLLP
Zimbabwe will adopt a "managed
float" exchange rate regime, Finance Minister Mthuli Ncube said
on Wednesday, abandoning strict control of foreign exchange by
the central bank in the latest in a series of currency reforms
that have so far failed.
Posted at 10:23h
in
News
by KMFSLLP
Package of measures launched in concert with Budget to have ‘maximum impact’
...
Posted at 10:23h
in
News
by KMFSLLP
Package of measures launched in concert with Budget to have ‘maximum impact’ on UK economy
...
Posted at 10:19h
in
News
by KMFSLLP
The Bank of Japan is likely to
keep buying exchange-traded funds (ETF) at the current rate of
roughly 100 billion yen ($950 million) per day until at least
March 31, when the current fiscal year ends, in order to soothe
market jitters, sources familiar with its thinking said.
Posted at 10:13h
in
News
by KMFSLLP
* UK economy flat-lined in January
(Adds GDP numbers, Carney)
...
Posted at 07:08h
in
News
by KMFSLLP
Saudi Arabia has asked
state agencies to submit proposals for cuts of at least 20% to
their budgets in a fresh austerity drive to cope with a sharp
drop in oil prices, four sources familiar with the matter said.