Turkey’s central bank holds key rate steady at 50%
ANKARA – The Central Bank of the Republic of Turkey announced its decision to maintain the one-week repo auction rate at 50 percent, adhering to its current monetary policy stance.…
Investing
5356 posts
South African Reserve Bank cuts repurchase rate to 7.75%
PRETORIA – The South African Reserve Bank (SARB) has announced a reduction in the repurchase rate by 25 basis points to 7.75%, effective from November 22, 2024, as conveyed in…
Cardinal Farrell named administrator to address Vatican pension financial challenges
VATICAN CITY – In a decisive move to address the looming financial challenges of the Vatican’s Pension Fund, Pope Francis has appointed Cardinal Kevin Farrell as the Sole Administrator. The…
Kenya cancels proposed deals with Adani Group after U.S. indictments
NAIROBI (Reuters) -Kenyan President William Ruto said on Thursday he had ordered the cancellation of a procurement process expected to hand control of the country’s main airport to India’s Adani…
ICC issues arrest warrants for Israeli officials Netanyahu and Gallant
The International Criminal Court (ICC) has issued arrest warrants for two Israeli officials, former Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant, for alleged war crimes and crimes against…
EU sees slight uptick in new car registrations in October
BRUSSELS – New car registrations in the European Union saw a marginal increase of 1.1% in October 2024, with Spain and Germany experiencing growth while France and Italy faced declines.…
China announces policy measures to boost trade amid worries over Trump tariffs
BEIJING (Reuters) – China’s commerce ministry on Thursday announced a series of policy measures aimed at boosting the country’s foreign trade, including pledging to strengthen financing support to firms and…
Fed’s Barkin says US is vulnerable to inflation shocks, FT reports
(Fixes day reference in lead paragraph.) (Reuters) – The U.S. is more vulnerable to inflationary shocks than in the past, Federal Reserve Bank of Richmond President Tom Barkin said in…
Germany faces high corporate default risk in 2025, Bundesbank says
FRANKFURT (Reuters) – Germany’s economy is facing deep and profound challenges that could push up corporate insolvencies, keeping default risk elevated next year, the Bundesbank said in a Financial Stability…
Rwanda central bank maintains key rate, sees inflation within target
KIGALI (Reuters) -Rwanda’s central bank held its key interest rate at 6.5% on Thursday after cutting it at the last two rate decisions this year. Governor John Rwangombwa told reporters…