China’s central bank has announced it will reduce the amount of cash banks must hold in reserve for the second time since the beginning of the year, releasing liquidity of $ 1.2 trillion. Yuan in the long run to boost economic growth, which is slowing due to a pandemic. China’s central bank cut its benchmark […]
Tag: International financial news
Riksbank: sees no immediate need to change monetary policy
The recent rise in inflation is considered mostly temporary and there is no immediate need to tighten its monetary policy, according to the minutes of the most recent meeting of the Swedish central bank. “With our history of low inflation in Sweden, monetary policy needs to remain focused on ensuring that inflation grows steadily and […]
Germany: Manufacturing orders fell in October
German orders for the manufacturing sector fell in October amid rising expectations amid continuing problems in the supply chain, which is cutting back on factory activity. Manufacturing orders fell 6.9% month-on-month in October on adjusted terms, following a revised 1.8% increase in September, according to Destatis. Economists expected orders to increase by 0.5%. Orders for […]
New sales record of arms giants, despite the economic crisis due to the pandemic
The global military arms giants were left virtually unharmed last year by the economic crisis triggered by the new coronavirus pandemic, setting a new sales record for the sixth consecutive year, a report released Monday reveals. The turnover of the 100 largest defense groups reached $ 531 billion (€ 470 billion) in 2020, with more […]
The 5 words that marked the stock market in 2021
It is not easy to make predictions about the future, especially when it comes to stock markets. Last year, at such a time, the average analyst would not have predicted that the index with the best performance for 2021 would be Mongolia, or that a movie chain could offer returns of almost 1,200%, according to […]
The success of the Reconstruction Fund is judged in Italy
By Costas Raptis “Whatever it takes” is the key phrase that has followed him since 2012, when, at the height of the Greek drama and the euro crisis as a whole, with his declarations as head of the ECB at the time, he prevented sweeping attacks against of monetary union. The same phrase, however, seems […]
Moody’s maintained the negative outlook for Turkey because of … Erdogan
The rating agency Moody’s confirmed Turkey’s creditworthiness, citing the improved position of its reserves and the lower current account deficit. The house maintained Turkey’s long-term rating of “B2”, which is non-investment and subject to high credit risk. Moody’s has also maintained a negative outlook for the country due to the unpredictable policies of Turkish President […]
Erdogan hopes the Turkish pound will stabilize soon
Turkish President Tayyip Erdogan said on Saturday he hoped exchange rates would stabilize soon and promised low interest rates again, following a historic dip in the pound to record lows, according to Reuters. “God willing, we will stabilize the exchange rates in a short time,” Erdogan told an audience in the eastern city of Siirt. […]
Turkey: Banks urge lenders to finance ‘Erdogan model’
The Banking Association of Turkey is in talks with government lenders to help banks raise capital to boost lending, as President Recep Tayyip Erdogan pushes for a more relaxed monetary policy to stimulate growth and create growth. local media reported. The Turkish banking industry is “strong and stable” in terms of capital adequacy and non-performing […]
Goldman Sachs: Omicron mutation ‘cuts’ US GDP estimates
Goldman Sachs economists have downgraded their estimates for the US economy for both this year and next, after deciding that the spread of the Omicron mutation will provide “moderate downward” resistance to growth. According to Bloomberg, in a report to its customers over the weekend, economist Joseph Briggs said that Goldman Sachs now expects US […]
