Our economic plight is desperate but not (inherently) serious, to misquote the Habsburgs.
The Bank of England said it is evaluating its weekly liquidity operation after banks’ demand for cash soared on Tuesday.
The flash composite PMI – which includes about 85 per cent of firms in the full survey – sank to 37.1 from 53.0, its lowest since the survey started in January 1998 and below all forecasts in a Reuters poll of economists.
Britain’s economy is shrinking at a record pace, faster than during the 2008-09 financial crisis, as businesses across the services sector shut up shop in face of the coronavirus, a survey showed on Tuesday.
ImpactAlpha, March 24 – “Economic data in the near future will be not just bad, but unrecognizable.” Credit Suisse titled its U.S. economy briefing GDP
By Kim Bo-eun Woori Bank appointed Kwon Kwang-seok as its CEO at the bank’s shareholder meeting held Tuesday.
Nigeria will probably need to weaken the naira further following its devaluation last week, while the pressure the currency’s under will restrict how much the central bank can cut interest rates on Tuesday, according to analysts.
Central bank and market regulator remain open for a small number of employees
Union finance Minister Nirmala Sitharaman on Tuesday announced the waiver of minimum bank charges for savings bank accounts to help citizens deal with a countrywide lockdown due to the coronavirus outbreak tgat has affected almost 500 people across the country.
Finance Minister Nirmala Sitharaman on Tuesday waived minimum bank charges for savings bank accounts to help citizens deal with the lockdown due to the coronavirus crisis.