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Europe finds no easy way out of bank dividend ban
The economy is still too fragile to expect anything
IMF chief says additional monetary stimulus may pose risks to financial stability
WASHINGTON, Nov. 24 (Xinhua) -- International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Tuesday that additional monetary stimulus may pose important risks to financial stability, urging fiscal policy to play a significant role in the post-pandemic recovery.
New Zealand proposes changes to central bank remit
WELLINGTON: New Zealand’s government has proposed adding house prices to the central bank’s remit to rein in an overheating property market, prompting investors to reduce bets on lower interest rates. The local dollar jumped.
World economy risks buckling into 2021 despite vaccine hope
HONG KONG (Bloomberg): The surging coronavirus is stoking fears of a fresh downturn for the world economy, heaping pressure on central banks and governments to lay aside other concerns and do more to spur demand.
Asian shares rise as vaccine hopes inject relief and US data
SHANGHAI, Nov 23 (Reuters): Asian shares rose on Monday, pushing a broad regional index to a record high as investors pinned their hopes for economic revival on coronavirus vaccines, even as the world contends with surging case numbers and delays to fresh US stimulus.
Asian shares rise as vaccine hopes inject relief
SHANGHAI: Asian shares rose on Monday, pushing a broad regional index to a record high as investors pinned their hopes for economic revival on coronavirus vaccines, even as the world contends with surging case numbers and delays to fresh U.S. stimulus.
Shooting from the hip
IT’S common knowledge that the ringgit’s value has depreciated. Anyone needing to purchase foreign currencies for trade and travel purposes can vouch for that.
Lagarde calls for policy action to support long-term sustainable growth
FRANKFURT, Nov. 20 (Xinhua) -- European Central Bank (ECB) President Christine Lagarde said on Friday that the pandemic provides an opportunity to harness new technologies, and urged policymakers and the industry to support innovation and invest in education, areas that benefit sustainable growth in the long run.
IMF chief urges continued strong policy action to combat persistent uncertainty
WASHINGTON, Nov. 19 (Xinhua) -- International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday called for continued strong policy action to combat continued uncertainty as countries started to climb back from the depths of the COVID-19 crisis.
Deepfakes have the potential to disrupt financial markets, not just fake your bank ID, experts say
Experts say deepfakes have the potential to disrupt financial markets and aid fraud, but there remain few real-world examples so far. People in China are growing increasingly concerned about deepfakes and biometric data leaks as the use of facial recognition grows.
