Tag: Financial services
Cash-strapped Sudan clears overdue payments to World Bank
CAIRO — The Sudanese government said Friday it cleared all of its overdue payments to the World Bank, a move that gives the highly-indebted...
Powell likens emergency Covid efforts to efforts at Dunkirk
WASHINGTON — Federal Reserve Chairman Jerome Powell compared the actions taken by the central bank early in the pandemic as the economy barreled toward...
US 30-year mortgage rates jump to 3.17%, highest since June
McCLEAN, Va. — U.S. long-term mortgage rates jumped to their highest level since June, though still remain near historic lows.
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Fed says restrictions on bank dividends and buybacks to end
WASHINGTON — The Federal Reserve said Thursday that as of June 30 it will end for most banks the temporary limits it had imposed...
Caesars puts pandemic losses at $2B, wants insurers to pay
LAS VEGAS — Casino giant Caesars Entertainment Inc. is putting its losses because of the coronavirus pandemic in 2020 at more than $2 billion,...
Survey: Business economists favor increased federal spending
WASHINGTON — A majority of business economists think the recovering economy will benefit from much more government spending despite concerns in financial markets that...
Cyber attack tied to China boosts development bank’s chief
MIAMI — The cyberattack crested just as finance officials from across Latin America were descending on Washington to commemorate the 60th anniversary of the...
Turkish lira plummets after Erdogan fires central bank chief
ANKARA, Turkey — The Turkish currency plummeted against the U.S. dollar on Monday after President Recep Tayyip Erdogan fired the central bank governor over...
Biden’s top aides unlikely to qualify for relief payments
WASHINGTON — At least one group in America is unlikely to get any money from President Joe Biden’s $1.9 trillion economic rescue plan —...
Turkey’s president fires central bank governor by decree
ISTANBUL — Turkey’s president has fired the central bank governor, who in his four months in office had won the praise of investors for...