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Central banks of Iran, Germany to ink dealGermany’s Deutsche Bundesbank and Central Bank of Iran (CBI) are expected to sign an agreement on mutual cooperation on Monday, a report said. The visiting Vice-Chancellor of Germany Sigmar Gabriel made the announcement at a More… |
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Central banks nearing limits of ability to stimulate growthThe world's central banks are "pretty close" to the limits of their ability to stimulate economies, Angel Gurria, head of the Organization for Economic Co-operation and Development (OECD), said on Saturday. In the ab More… |
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Cbanks ‘will smooth Brexit-driven market moves’Major central banks will limit market turbulence as much as possible after Britain voted to leave the European Union, the head of the Bank for International Settlements said on Sunday. Some of the world's biggest central banks More… |
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IMF backs negative rates move by cbanksThe International Monetary Fund said on Sunday that a move to negative rates by some of the world's central banks would help deliver extra monetary stimulus and ease lending conditions. Six of the world's central banks hav More… |
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Central banks can no longer save the worldIn 2008 central banks, led by the Federal Reserve, rode to the rescue of the global financial system. Seven years on and trillions of dollars later they no longer have the answers and may even represent a major risk for the global economy. More… |
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IMF, central banks to put China in spotlightFlanked by interest rate decisions in Britain, Japan and Australia, the IMF's annual meeting in Lima takes centre stage in the calendar next week, with policymakers focussing on China's economic slide and its impact on the rest of the wo More… |
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When will the bitcoin bubble burst?Bitcoin has followed a volatile path to growing acceptance since its creation in 2009 with its price fluctuating between $0.30 and $1,135 in its short existence. But bitcoin is now accepted as payment by a growing number of mainstream merchants More… |
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Arab banks expanding in ME as global rivals retreatBig Arab banks with money to spend are expanding across the Middle East in markets such as Egypt and Iraq, as they take advantage of a retreat from some areas by major international rivals, senior Arab bankers say. Since 2011, som More… |
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Central banks 'need to co-ordinate on liquidity'Central banks should co-ordinate to avoid unwanted side-effects as they exit from ultra-easy monetary policies that have left the world awash in cheap money, top policymakers were told yesterday. Opening the second day of an annua More… |
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Struggling factories underline fragility of world growthManufacturing across the world stumbled last month, underlining the fragility of the global economy and building the case for more action from leading central banks. Gloomy purchasing managers indexes - surveys of factory activity More… |
