Frustrated Lebanese depositors turn rage on crisis-hit banks

Frustrated Lebanese depositors turn rage on crisis-hit banks By Eric Knecht BEIRUT (Reuters) – As cash runs short at Lebanon’s banks, so has the patience of depositors. Hit by restrictions on withdrawals, some are taking extreme steps, occupying branches and in one case taking an employee hostage, to squeeze what they can from their accounts. […]

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China set to post weakest growth in 29 years as trade war bites, investment sputters

© Reuters. FILE PHOTO: A teller counts yuan banknotes at a China Merchants Bank branch in Hefei By Kevin Yao BEIJING (Reuters) – China is expected to report on Friday that economic growth slowed to its weakest in nearly three decades in 2019 amid a bruising trade war with the United States, and more stimulus […]

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Turkish central bank cuts rates 75 points in restrained move

ISTANBUL (Reuters) – Turkey’s central bank trimmed its key interest rate by 75 points to 11.25% on Thursday as expected, its most restrained move since it began easing in July, suggesting monetary stimulus was winding down as the economy recovers from recession. The bank said inflation would edge a bit lower through 2020 as it […]

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U.S. agency to provide Guatemala’s private sector with $1 billion in financing

U.S. agency to provide Guatemala’s private sector with $ 1 billion in financing By Frank Jack Daniel GUATEMALA CITY (Reuters) – The United States will pump $ 1 billion into Guatemala’s private sector to spur investment and create jobs, the head of a U.S. government agency said on Wednesday. The announcement came as the Central […]

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Fed will continue repo offerings into February, reducing term operations

© Reuters. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington By Jonnelle Marte (Reuters) – The Federal Reserve Bank of New York said on Tuesday it will continue to inject liquidity into the overnight lending markets for cash until at least mid-February while slightly reducing offerings on longer term loans.The […]

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Hong Kong Pins Hopes on Trade, Finance to Restore Economy

© Reuters. Hong Kong Pins Hopes on Trade, Finance to Restore Economy (Bloomberg) — Hong Kong’s government is usually eager to play up the city’s resilience in the face of economic calamity, like the bounce-back after the Asian financial crisis and its recovery following the 2003 SARS epidemic. It’s now settling for “less bad than […]

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Uruguay says Argentina will review 30% ‘tourism tax’ – media

© Reuters. Uruguay says Argentina will review 30% ‘tourism tax’ – media By Maximilian Heath BUENOS AIRES (Reuters) – Argentina’s Tourism Minister has committed to reviewing a 30% “tourism tax” applied when travelers from the country pay for goods and services abroad in U.S. dollars, Uruguayan President Tabare Vazquez told local news portal Infobae. The […]

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Fed’s 2014 ‘normalization’ debate sowed seeds for today’s hot labor market

© Reuters. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) – By late 2014, U.S. central bankers knew the crisis-driven era of near-zero interest rates might be about to end and that they could within weeks approve the first U.S. rate hike […]

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