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The chairman of the Central Bank of Argentina, Luis Caputo, speaking at a conference of heads of the financial sector in Mendoza, appealed to the leading banks of developed countries to invest up to 2% of reserves in developing countries that were granted loans from the International Monetary Fund, Bloomberg reported. Argentina also received a $50 billion credit line from the IMF at the end of June. Caputo said that he had already discussed his proposal with the chairman of the European Central Bank Mario Draghi and the head of the Bank of International Settlements Agustin Carstens.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
The dollar fell again on Tuesday as the U.S. economy drops into stagnation, while investors await the latest outlook from the Federal Reserve and the passage of the U.S. coronavirus fiscal stimulus. The dollar’s decline lifted gold prices ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Major Japanese banks saw record demand for the corporate loans that were offered since April as the COVID-19 pandemic continues to have companies rushing in to build up cash reserves, according to a central bank survey on Friday. The figures ...
Asian markets are poised to start with a firmer tone on Friday, disregarding an overnight decline in U.S. stocks. The decline was mainly from the United States’ move of debating new economic stimulus in a bid to salvage the virus-beaten ...
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