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Over the past two weeks, the Central Bank of Hungary has acquired 28 tons 400 kilograms of gold in the amount of $1 billion 250 million. For a long time since 1986, the Hungarian regulator did not make purchases of this precious metal. Thanks to recent acquisitions, its international gold reserves increased 10 times in volume. Now the share of gold reserves in the total volume of international reserves of the bank was 4.4%. By this step, the Central Bank seeks to strengthen confidence in the Hungarian market and maintain financial stability in the country. Thanks to the latest purchases, the Central Bank of Hungary has become the second in the world in terms of the volume of deals with gold after the Russian Central Bank.
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 ...
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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 ...
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