Latest in Bank Revises Economic
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Ivory Coast turns to World Bank to replace costly debt
Swap deal to buy back bonds issued in January comes as African borrowers struggle under expensive debt burdensFinancial Times - 6d -
India central bank cuts growth forecast
RBI holds rates and says economy has bottomed outFinancial Times - 6d -
India's central bank revises down economic growth forecast for 2025, keeps interest rate steady
The Reserve Bank of India has held interest rate steady since February last year, while a sharper-than-anticipated slowdown in India's growth has made RBI's task tougher.CNBC - 6d -
Political Turmoil Adds to the Economic Woes of South Korea
Even before a short-lived declaration of martial law thrust the country into crisis, the economy faced grim prospects.The New York Times - 6d -
How Trump Targeted Undecided Voters Without Breaking the Bank
The Trump team had a huge financial disadvantage. It made up for it with a strategy that allowed it to narrow the focus of its ad dollars.The New York Times - 6d -
Harris's next role should be raising funds for a Black reparations bank
While Democrats tend to promote broad-based economic policies that “lift all boats,” the Black community needs targeted programs to make up for lost ground.The Hill - 6d -
Toronto-Dominion Bank Suspends Growth Targets as It Reviews Business
Toronto-Dominion Bank said it suspended financial-growth targets as it reviews its business options, weeks after settling U.S. charges it failed to properly monitor money laundering.The Wall Street Journal - 6d -
9 Best MagSafe Power Banks for iPhones (2024), Tested and Reviewed
Keep your iPhone topped up with one of these WIRED-tested MagSafe portable chargers.Wired - 6d -
Is the Biden-era blockade on US bank M&A finally over?
Investors and advisers prepare for consolidation among country’s thousands of regional lendersFinancial Times - Dec. 5 -
Watch live: Fed Chair Jerome Powell discusses central bank independence, crypto at Dealbook conference
The appearances comes two weeks ahead of when the central bank will announce is decision on interest rates.CNBC - Dec. 4 -
Trump nominates Peter Navarro as senior economic adviser
China hawk who served in president-elect’s first term was imprisoned for contempt of Congress over 2021 Capitol attackFinancial Times - Dec. 4 -
Economy cools off after election, ISM finds. Businesses anxious about Trump’s economic plans.
Service-oriented companies in the U.S. grew in November at the slowest pace in three months, reflecting uncertainty about how the incoming Trump administration will affect the economy.MarketWatch - Dec. 4 -
Senator Blasts Airlines, Saying They See Passengers as ‘Walking Piggy Banks’
Sen. Richard Blumenthal (D-Conn.) ripped the five largest airlines for collecting $12.4 billion in seat fees between 2018 and 2023.Inc. - Dec. 4 -
Deutsche Bank chief calls for relief on regulation and ‘rethink’ on tax
Call comes amid discontent with Germany’s ruling coalition ahead of snap election in FebruaryFinancial Times - Dec. 4 -
'No Other Land,' from an Israeli-Palestinian alliance, looks at West Bank destruction
Filmmakers overcame assault and lost equipment to finish 'No Other Land,' a documentary about the West Bank. But while it's eligible for an Oscar, it still does not have U.S. distribution.Los Angeles Times - Dec. 4 -
If Trump’s tariffs start a trade war, it would be an economic disaster | Mark Weisbrot
The president-elect’s two main arguments for his tariff threat – to reduce migration and to combat drugs – are not credible. “To me, the most beautiful word in the dictionary is tariff, and it’s my ...The Guardian - Dec. 4 -
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Germany’s car sector layoffs could fill skill shortages in mid-cap firms, Deutsche Bank CEO says
Deutsche Bank CEO Christian Sewing said layoffs in car manufacturers including Volkswagen could help fill labor shortages in medium sized firmsMarketWatch - Dec. 4 -
Central banks should tread cautiously with rate cuts, says OECD
Core price pressures and services inflation should make rate-setters wary of cutting too fast, report concludesFinancial Times - Dec. 4 -
France's political chaos casts long shadow over economic growth
"At a time when economic growth in France is slowing markedly, this is bad news. The public deficit will remain high, debt will continue to grow," ING analysts said.CNBC - Dec. 4 -
Norway Oil Fund Divests of Israel's Bezeq Over Services to West Bank Settlements
Norway’s $1.8 trillion sovereign wealth fund said it decided to exclude Israeli telecommunications company Bezeq from the fund over concerns the company could be contributing to human-rights ...The Wall Street Journal - Dec. 4 -
Amid political chaos, Bank of Korea says it will boost short-term liquidity and deploy measures to stabilize the FX market
The announcement came shortly after the BOK held an emergency board meeting.CNBC - Dec. 4 -
City’s new bonus rules will be better for bankers than banks
Gifts for the risk takers and rainmakersFinancial Times - Dec. 4 -
Weak Australian economic growth hits dollar
Public spending offsets subdued consumer demand in ‘two-speed’ economyFinancial Times - Dec. 4 -
Bank of America signs again with FIFA for US-hosted Club World Cup that still has no TV deals
Bank of America has teamed with FIFA for a second timeABC News - Dec. 3 -
Trump’s economic plans may encounter a problem many Americans know all too well: Crushing debt
None of President-elect Donald Trump’s plans for boosting domestic production have “a chance” unless this happens, says one economist.MarketWatch - Dec. 3 -
Banks hit credit card users with higher rates in response to regulation that may never arrive
CFPB regulation meant to save consumers $10 billion a year has resulted in higher costs for some, as banks react by hiking interest rates and charging new fees.CNBC - Dec. 3 -
Banks hit credit card users with higher rates in response to regulation that may never arrive
Banks that issue credit cards used by millions of consumers raised interest rates and introduced new fees over the past year in response to an impending regulation that most experts now believe ...NBC News - Dec. 3 -
Economic hardship looms over Ghana as country readies for polls
Election is being contested between vice-president Mahamudu Bawumia and former president John Mahama, under whom corruption ballooned. When the Ghanaian opposition leader Nana Akufo-Addo won the ...The Guardian - Dec. 3 -
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I retired at 30 with $540,000 in the bank and 'I don't have any regrets'—3 moves that helped me get there
After feeling disappointed by her dream job, one millennial decided to retire early. She's happy with her choice: "I'm very good at doing nothing and relaxing."CNBC - Dec. 3 -
World Bank Warns of Record Debt Costs for Developing Countries
The World Bank warned in a new report that poor countries will be stuck in economic “purgatory” without debt relief.The New York Times - Dec. 3 -
This bank’s outrageous predictions include the dollar tanking and Nvidia becoming twice the size of Apple
Denmark’s Saxo Bank annually produces their outrageous predictions -– which is their attempt to create unlikely-but-plausible forecasts, to spark discussion and challenge consensus.MarketWatch - Dec. 3 -
Japan’s Nomura bank boss takes 30% voluntary pay cut after worker tries to kill customer
Wealth management employee charged with robbery, attempted murder and arson after home visit to elderly clients. Business live – latest updates The boss of the Japanese bank Nomura has ...The Guardian - Dec. 3 -
Tensions Rise Among Russia’s Elite as Economic Growth Slows
The slowdown is worrying for the Kremlin but not serious enough to significantly hobble its war effort.The New York Times - Dec. 2 -
Bipartisan bill would study AI's impact on banking, housing
A new bill with bipartisan support would commission studies on the use of artificial intelligence (AI) in the banking and housing sectors, where lawmakers have been sounding an alarm about ...The Hill - Dec. 2
