BUDAPEST (Reuters) -Commercial banks in Hungary cannot pay an interest rate higher than the three-month discount bill yield on deposits by certain large institutional and private investors, the Minist[...]
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November 21, 2022
Bank of Israel likely to raise rates above 3.5%, deputy governor says
JERUSALEM (Reuters) – The Bank of Israel is still in the process of front-loading interest rates and will likely raise rates to above 3.5%, Deputy Governor Andrew Abir said on Monday after a hal[...]
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Dollar rebounds as China COVID worries spook markets
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar advanced against most major currencies on Monday, recouping recent losses, as fresh COVID-19 curbs in China fuelled worries over the glo[...]
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After rough year, U.S. corporate credit entices investors
By Lisa Pauline Mattackal and Divya Chowdhury (Reuters) – Investors are increasingly eyeing U.S. corporate credit offering attractive valuations and yields after steep declines in 2022, fund man[...]
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Turkey to clamp down harder on shops charging excessive prices, Erdogan says
ANKARA (Reuters) – Turkish President Tayyip Erdogan said he will hold discussions at the next cabinet meeting on adopting heavier measures for supermarkets and stores that charge excessive price[...]
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Energy windfall improved Algeria’s economic position, says IMF
TUNIS (Reuters) – Higher energy prices have “materially improved” the Algerian economy’s near-term outlook, the International Monetary Fund (IMF) said on Monday, adding that fi[...]
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China to provide 200 billion yuan in loans to commercial banks for housing completions
BEIJING (Reuters) – The Chinese central bank will provide 200 billion yuan ($27.92 billion) in loans to six commercial banks for housing completions, deputy central bank governor Pan Gongsheng w[...]
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Mexican president says considering options for central banker Esquivel’s future
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said Monday that he was considering “alternatives” for the country’s central bank deputy governor Gerardo[...]
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Azerbaijan economy to hit record $76.5 billion this year – president
BAKU (Reuters) – Azerbaijan’s GDP will reach a record 130 billion manat ($76.5 billion) by the end of 2022, President Ilham Aliyev said on Monday. Fuelled by high energy prices, Azerbaijan[...]
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