Cut the debt of poor countries, Pope tells IMF, World Bank

© Reuters. Pope Francis holds weekly audience VATICAN CITY (Reuters) -Pope Francis has told world financial chiefs that poor countries hit by the economic impact of the coronavirus need to have their debt burden reduced and be given a greater say in global decision making. In a letter to the participants of the International Monetary […]

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Exclusive: World Bank, IMF eye ways to link debt relief to climate change spending

© Reuters. FILE PHOTO: International Monetary Fund logo is seen inside the headquarters at the end of the IMF/World Bank annual meetings By Andrea Shalal WASHINGTON (Reuters) – The World Bank and the International Monetary Fund are planning to launch a platform to advise poor countries on funding climate and conservation activities, amid a broader […]

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Credit Suisse execs to depart as bank details Archegos losses – sources

© Reuters. FILE PHOTO: Logo of Swiss bank Credit Suisse is seen in Zurich By Matt Scuffham NEW YORK (Reuters) -Credit Suisse will announce the departure of two senior executives and detail how much it expects to lose through its exposure to family office Archegos Capital in an investor update Tuesday, sources familiar with the […]

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‘The last straw’: Why an irked Erdogan fired Turkey’s central bank chief

3/3 © Reuters. FILE PHOTO: Interview with Turkey’s Central Bank Governor Naci Agbal in Istanbul 2/3 By Orhan Coskun and Jonathan Spicer ANKARA (Reuters) – Politics drove Turkish President Tayyip Erdogan’s sacking of central bank chief Naci Agbal after just four months in office, six people with knowledge of the situation told Reuters, with one […]

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World Bank re-engages with Sudan following arrears clearance

By Nafisa Eltahir KHARTOUM (Reuters) – The World Bank will shortly begin the process of allocating some $ 2 billion in grants to Sudan, a bank official said, representing the country’s return to the international financial system after decades of isolation. Priority areas for the funds will be defined following meetings early next month, and […]

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Turkish lira plunges to near record low after Erdogan sacks central bank chief

3/3 © Reuters. FILE PHOTO: Turkish lira banknotes are seen in this illustration 2/3 By Jonathan Spicer and Ezgi Erkoyun ISTANBUL (Reuters) – briefly fell 15% to near its all-time low on Monday after President Tayyip Erdogan’s shock weekend ousting of a hawkish central bank governor sparked fears of a reversal of recent rate hikes. […]

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Turkey’s new central bank chief to meet bankers as lira teeters

© Reuters. FILE PHOTO: A logo of Turkey’s Central Bank is pictured at the entrance of the bank’s headquarters in Ankara By Ebru Tuncay and Jonathan Spicer ISTANBUL (Reuters) – Turkey’s new central bank chief will hold a call with bank CEOs on Sunday afternoon, a day after he was appointed in a shock leadership […]

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Dollar Edges Higher; Federal Reserve Leads Central Bank Week

© Reuters. By Peter Nurse Investing.com – The dollar edged higher in early European trading Tuesday, amid cautious trading with the focus very much on the Federal Reserve in a week dominated by central bank meetings. At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other […]

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First Digital goes live as Israel’s first new bank since 1978

© Reuters. FILE PHOTO: FILE PHOTO: Amnon Shashua, co-founder of Israeli start-up Mobileye, is seen in Jerusalem JERUSALEM (Reuters) – First Digital Bank, the first new bank in Israel since 1978, started operations on Sunday on a trial basis, and said it planned to open to the public later in 2021. The bank, which Israel’s […]

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