Indonesian President Joko Widodo on Wednesday announced a huge economic package, including deregulation, de-bureaucratization, tax incentives, and a boost in legal certainty, to lure foreign investment and accelerate economy as rupiah weakens to 17-year lows.
Indonesian President Joko Widodo on Wednesday announced a huge economic package, including deregulation, de-bureaucratization, tax incentives, and a boost in legal certainty, to lure foreign investment and accelerate economy as rupiah weakens to 17-year lows.
Chinese currency continued to fall on Wednesday after the central bank reformed the exchange rate formation system to better reflect the market.
Hundreds of people protested outside Portuguese bank Novo Banco in central Lisbon on Monday to demand back the money they lost in failed Portuguese bank Banco Espirito Santo (BES).
The People's Bank of China (PBOC), the central bank, announced it would issue a new 100-yuan bank note from Nov. 12 on Monday.
The rise of gold as part of China's international reserves and the central bank recently publishing yuan-denominated external debts are conducive to a stable yuan, analysts said on Monday.
All Greek banks will reopen next Monday after a three-week bank holiday, Greek Deputy Finance Minister Dimitris Mardas said on Thursday in Athens. "All banks will reopen and citizens will be able to make more transactions," Mardas told Greek national television broadcaster ERT.
Barclays' freeze of the account of Russia's Rossiya Segodnya, commonly known as Russia Today (RT), once again shows the West's double standards over free press.
Barclays, which has frozen the bank account of Russia Today (RT)'s London office, refused to give an open explanation over its decision, triggering suspicions that the UK authorities are flaunting "freedom of press" through financial means.
Brazilian President Dilma Rousseff on Tuesday named her finance minister and Central Bank president to represent the country on the Board of Governors of the BRICS New Development Bank (NDB).
Brazilian President Dilma Rousseff on Tuesday named her finance minister and Central Bank president to represent the country on the Board of Governors of the BRICS New Development Bank (NDB).
Disgruntled Greek pensioners queued in front of bank branches here and other cities across the country to withdraw up to 120 euros (133 U.S. dollars) from their pensions on Wednesday, as Greece teetered on the brink of default amidst dramatic developments this week.
Myanmar's joining in signing the constitution of the China-initiated Asian Infrastructure Investment Bank (AIIB) as one of the founding members will benefit the country's infrastructural construction, Myanmar Deputy Finance and Revenue Minister Man Man Thein said on Monday.
The Bank of Finland on Wednesday predicted that Finnish economy will grow 0.2 percent this year.
British bank HSBC announced Tuesday that it will shut down almost all of its activities in Brazil, and will instead concentrate more on its presence in Asia, mainly in China and India.
The Bank of Canada announced Wednesday that it is maintaining its target for the overnight rate at 0.75 percent. The Bank Rate is correspondingly one percent and the deposit rate is 0.5 percent.
Greek government on Tuesday turned to the balances of dormant state accounts in an effort to collect funds to repay the next International Monetary Fund (IMF) loan installment on June 5, as Finance Minister Yanis Varoufakis assured there will be no credit event next week.
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