Euro zone’s 140 billion-euro interest windfall could allow spending boost By Dhara Ranasinghe and Sujata Rao LONDON (Reuters) – Record-low borrowing costs and falling debt payments could give the euro zone a 140 billion-euro windfall by the end of 2021, freeing cash for projects ranging from new roads to climate protection. This year’s slide in […]
STRASBOURG (Reuters) – The European Parliament backed Christine Lagarde on Tuesday as the next president of the European Central Bank, paving the way for her to become the first woman to hold the post. Lawmakers voted 394 in favor, 206 against and with 49 abstentions in the parliament’s plenary in Strasbourg. “Christine Lagarde is an […]
© Reuters. Investing.com – A rate cut at this week’s Federal Reserve policy meeting is no longer a done deal, as surging energy prices, trade progress and upbeat retail data have all undercut the arguments for easier policy. Expectations that the central bank will lower its benchmark overnight rate remain, but chances seem to be […]
JAKARTA (Reuters) – Indonesia’s central bank is expected to cut its benchmark rate on Thursday, for the third meeting in a row, to support growth, a small majority of economists forecast in a Reuters poll. Out of 21 economists surveyed in the past week, 13 predicted Bank Indonesia (BI) will trim its 7-day reverse repurchase […]
If the Dmexco conference is meant to be a window into the future of ad tech, then it is a future that is taking a painfully long time to arrive.The industry’s annual attempt to generate buzz around the latest targeting tool or data broker has been taking place in Cologne, Germany, under the shadow of […]
China FX regulator steps up scrutiny of cross-border flows, blacklists some firms: sources SHANGHAI (Reuters) – China’s foreign exchange regulator recently stepped up scrutiny of cross-border capital flows, blacklisting 43 forex trading firms and singling out two companies suspected of illegal forex activities, according to two sources. The move comes amid growing pressure on the […]
Anna* first learned about it from her cousin: a way to make some extra money. Her cousin knew someone who hosted a group chat — this person was essentially a middleman — that would match sellers with “buyers.” Buyers is in quotes because they all get refunds, and often some cash too. This was Anna’s […]
By Ann Saphir SAN FRANCISCO (Reuters) – Deep disagreements within the Federal Reserve over the economic outlook and how the U.S. central bank should respond will not stop policymakers from cutting interest rates at a two-day meeting that begins on Tuesday. While an oil price spike after attacks on Saudi Arabian oil facilities over the […]
After an incident in her boss’s office — she asked to attend a commercial shoot; her boss replied that she could only go if she shared a bed with him — Laricheva, freelance creative director and founder of creative agency Dream Nation Love immediately applied for other jobs that evening, secured a new one and left that […]
© Reuters. Bank’s Race Against Crisis Puts India on Warning (Bloomberg Opinion) — India’s fragile financial system is swinging between despair and hope. Two separate incidents — both featuring the lender Yes Bank Ltd. — recently underscored the drag of past underwriting follies as well as the lift from a digital reset. It will take time, but good […]