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China retail disappoints ahead of busy central bank week
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Czech central bank will interrupt rate cut path, analysts say: Reuters poll
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Intelygenz Merges AI With Finance to Help Banks and Fintech Boost ROI
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Bank of England’s Dhingra calls for more interest rate cuts
Cash draws biggest weekly inflow since March 2023, BofA says
Date: December 6, 2024
LONDON (Reuters) – Investors ploughed $136.4 billion into cash in the week to Wednesday, the biggest weekly inflow since March 2023, when markets were rattled by a regional banking crisis, according to a report from Bank of America on Friday. They also snapped up $8.2 billion of stocks and $4.9 billion of bonds, but sold...
World Bank wins $100 billion replenishment of fund for poorest countries
Date: December 6, 2024
By David Lawder (Reuters) -Donor countries have pledged a record $100 billion three-year replenishment of the World Bank’s fund for the poorest nations, providing a vital lifeline for their struggles against crushing debts, climate disasters, inflation and conflict. The World Bank made the announcement early on Friday in Seoul at a pledging conference for the...
Italy and African Development Bank sign $420 million co-financing deal
Date: December 5, 2024
RABAT (Reuters) – Italian state lender CDP and the African Development Bank (AfDB) signed on Thursday a co-financing deal worth 400 million euros ($420 million) to promote climate finance, sustainable farming, education and technical assistance, AfDB’s vice president for finance Hassatou Diop N’Sele said. The deal, signed during the AfDB’s Africa Investment Forum in Rabat,...
Global billionaire wealth leaps, fueled by US gains, UBS says
Date: December 5, 2024
ZURICH (Reuters) – The wealth held by the world’s billionaires jumped by about 17% over the past year, as significant gains among the super rich in the United States more than offset a decline in China, Swiss bank UBS said on Thursday. The UBS Billionaire Ambitions Report for 2024 said the total number of billionaires...
Deutsche Bank CEO says German economy needs ‘urgent’ action
Date: December 4, 2024
By Tommy Reggiori Wilkes LONDON (Reuters) -Germany’s struggling economy needs urgent action to boost its competitiveness, Deutsche Bank’s CEO said on Wednesday as he called for structural reforms, less regulation and lower taxes on companies. Germany needs to adjust its business model,” Christian Sewing told the FT Global Banking Summit in London. “It is urgent...
Norway should begin process of divesting Russian assets, central bank says
Date: December 4, 2024
By Terje Solsvik and Gwladys Fouche OSLO (Reuters) -Norway’s government should let its huge sovereign wealth fund sell parts of its Russian portfolio when possible, ending a general freeze in place since 2022 that has prevented divestment, the central bank, which manages the fund, said. The Norwegian finance ministry ordered a halt to all transactions...