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 […]

BUENOS AIRES, April 8 Reuters The Argentine Senate gave final legislative approval to a wage tax cut to benefit more than one million workers hard hit by recession and high inflation, and was expected to be swiftly signed into law by Peronist President Alberto Fernandez. The lower house approved the governmentbacked tax cut last month. […]

The Federal Open Market Committee on Wednesday released minutes from its March 1617 meeting as investors looked for indications about where policy may be heading in the future. At the meeting, the Federal Reserves monetary policymaking arm voted to keep shortterm borrowing rates anchored near zero and to continue buying at least 120 billion in […]

SYDNEY, April 6 Reuters Australias central bank left interest rates at an alltime low on Tuesday in a widely expected decision but cautioned it would carefully monitor trends in property debt as the housing market boomed. The Reserve Bank of Australia RBA also reiterated its commitment to keep policy accommodative for as long as is […]

European Commission President Ursula von der Leyen said it herself The start was tough. The European Union has had a bumpy Covid19 vaccine rollout. The campaign has prompted complaints that regulators were too slow to approve the shots and led to a simmering tussle with AstraZeneca as the pharmaceutical giant repeatedly slashed its delivery commitments. […]

The transition towards green energy imperils oilproducing states that have lagged in diversifying their economies, United Kingdombased risk consultancy Verisk Maplecroft warned in a report on Thursday. Algeria, Iraq and Nigeria will be among the first casualties of a slowmotion wave of political instability that will engulf an array of oil producing countries over the […]

The outlook for U.S.China trade relations is likely to remain challenged after this weeks highlevel diplomatic talks showed that President Joe Bidens team does not plan to wholly abandon the Trump administrations tough tone in discussions with Beijing. Though Washington and Beijing struck a ceasefire in their titfortat trade feud with last years phase one […]

TOKYO, March 19 Reuters The Bank of Japan on Friday widened the band at which it allows longterm interest rates to move around its target, as part of a raft of measures to make its ultraeasy policy more sustainable amid a prolonged battle to fire up inflation. As widely expected, the BOJ kept intact its […]