The Bank of Japan surprised markets on Friday by unveiling a plan to boost funding for fighting climate change, joining a growing number of central banks stepping up efforts to address its economic and financial fallout. The central bank also maintained its massive stimulus to support the economy and extended a September deadline for its […]

BANGKOK, May 5 Reuters Following is Wednesdays statement from Thailands central bank after it left the benchmark oneday repurchase rate unchanged at a record low of 0.50, as expected, warning of a third coronavirus wave risk. All 14 economists in a Reuters poll had expected the Bank of Thailand BOT to remain on hold after […]

Foreign ministers from the Group of Seven G7 developed nations are to meet in London on Tuesday to discuss the most pressing geopolitical challenges facing the world, including Russia and China. The U.K. is hosting G7 foreign and development ministers in the first facetoface meetings since the coronavirus pandemic began, and the first gathering of […]

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 […]