SYDNEY, May 4 Reuters Australias central bank left its key rates at near zero for a fifth straight meeting on Tuesday and pledged to keep policy super loose for a prolonged period even though the countrys economy is set to expand at a stronger than expected pace. The Reserve Bank of Australia RBA reiterated its […]

SEOUL, May 4 Reuters Bank of Korea board members said the bank shouldnt be in a rush to tighten monetary policy despite an expected pickup in the economy due to uncertainties over COVID19, minutes of its April meeting released on Tuesday showed. Considering still huge uncertainties related to the coronavirus and vaccines, it seems too […]

BOGOTA, April 30 Reuters The board of Colombias central bank, which meets on Friday, is expected to once again maintain its benchmark interest rate as part of an expansive monetary policy, while also evaluating the countrys economic recovery and inflationary outlook. A recent Reuters survey found that all 16 respondents expected the bank to hold […]

States like New Jersey and New York have increased taxes on the wealthy to balance their budgets. This, according to analysts, could harm them in the long run. This for a relatively small revenue hole has the potential to become a selffulfilling prophecy. If youre worried about the revenue losses because people arent coming back, […]

A top European Union official said Sunday that Americans who have been vaccinated against COVID19 should be able to travel to Europe by summer, easing existing travel restrictions. European Commission President Ursula von der Leyen told The New York Times that the unions 27 members would accept, unconditionally, all those who are vaccinated with vaccines […]

By Reuters Staff 3 Min Read   By Reuters Staff Reuters Staff 3 Min Read   3 Min Read     FRANKFURT, April 22 Reuters The European Central Bank left its ultraeasy policy unchanged as expected on Thursday, providing the pandemicstricken currency bloc with record stimulus even as an accelerating vaccination campaign raises hopes for […]

President Joe Biden faces a nightmare scenario of global consequence stepped up ChineseRussian strategic cooperation aimed at undermining U.S. influence and at upending Bidens efforts to rally democratic allies. It is the most significant and underrecognized test of Bidens leadership yet It could be the defining challenge of his presidency. This past week, Russia and […]

WELLINGTON, April 13 Reuters The Reserve Bank of New Zealand RBNZ said on Tuesday it was expanding its regulatory resources with a new standalone enforcement department focusing on compliance in the banking, insurance and antimoney laundering sectors. The new department and the banks separate supervision team will work closely to achieve compliance goals, RBNZ said […]

LONDON, April 12 Reuters British Prime Minister Boris Johnson has commissioned an independent review into the use of supply chain finance, the role of Greensill and how business representatives engage with government, his spokesman said on Monday. The Cabinet Office is commissioning an independent review on behalf of the prime minister to establish the development […]

LONDON, April 9 Reuters Bank of England bond buying may actually increase the speed with which future interest rate rises make UK government debt unbearable and is one glimpse into why central banks need to tread lightly around postpandemic debt piles for many years. Britain publicly prides itself on keeping the average maturity of its […]