Swiss central bank cuts rates by a quarter point in third trim this year – CNBC
The Swiss National Bank (SNB) headquarters before a press conference in Zurich, Switzerland on March 21, 2024. Dennis Baribouz | Reuters The Swiss National Bank eased monetary policy for the third time this year on Thursday, cutting its key interest rate by 25 basis points to 1.0%. The cut had been predicted by 30 of […]
Australian Dollar receives support from divergent policy outlooks between central banks – FXStreet
The Australian dollar strengthened as the RBA and Fed adopted diverging policy outlooks. The RBA's Financial Stability Review suggests that Australia's financial system remains resilient and risks are broadly contained. China plans to inject 1 trillion yuan of capital into its major banks. The Australian dollar (AUD) recovered some of its recent losses against the […]
German Central Bank: Mergers Must Yield ‘Robust’ Competition – PYMNTS.com
The head of Germany's central bank hopes that bank mergers will create stronger, more competitive financial institutions. “We need strong, robust banks to enable businesses to tackle and finance the challenges of the future.” German Bundesbank chief Joachim Nagel He said during his speech Commerzbank Events in Frankfurt Wednesday (September 18th). “In the event of […]
Central Europe Flooding Kills 16 in Romania, Poland, Czechia, and Austria
WARSAW, Poland (AP) — Four new deaths were reported Monday in Poland, three in the Czech Republic and one in Romania as unusually heavy rains battered Central Europe and caused deadly flooding in the region. Floods have inundated parts of Austria, the Czech Republic, Poland and Romania, and a low pressure system moving across the […]
Sean ‘Diddy’ Combs mingles with fans, meets lawyer in Central Park before arrest
Shortly before embattled rapper and hip-hop mogul Sean “Diddy” Combs was indicted on federal sex trafficking and racketeering charges, he was spotted laughing and interacting with fans and even meeting with his lawyer on a bench in Central Park. The fallen star, 54, was photographed interacting with four fans in the middle of Manhattan on […]
Death toll reaches 16 as ‘dramatic’ flooding in central Europe continues | Europe
The death toll from torrential rains and floods in Central and Eastern Europe has risen to at least 16 people, with several more still missing. Authorities also reported deaths in the Czech Republic, Poland and Austria and warned that the worst may be yet to come. Czech police chief Martin Vondrašek told local radio on […]
Taxpayer-Funded Transition Surgery for Prisoners, Illegals Not ‘Central Issue’, It’s ‘Non-Issue’
During a Wednesday broadcast on CNN News Central, Rep. Robert Garcia (D-Calif.), co-chair of the Harris-Waltz campaign, responded to a question about 2024 Democratic presidential candidate Vice President Kamala Harris' past support for taxpayer-funded sex-reassignment surgery for federal prisoners and those in immigration detention centers, saying, “That's not really the core issue that she's focused […]
European shares rebound from dour week with central banks in focus – Yahoo Finance
Pranav Kashyap and Lisa Pauline Matakkal (Reuters) – European stocks rose on Monday, recovering from a sharp sell-off last week as investors focused on expectations of an interest rate cut by the European Central Bank on Thursday. The pan-European STOXX 600 index ended up 0.8% after falling 3.5% the previous week, its worst week since […]
Former Lebanon central bank chief to remain in jail while facing corruption charges – Yahoo Finance
BEIRUT (AP) — A Lebanese judge ruled Monday that the country's former central bank governor will remain jailed after being charged with embezzling tens of millions of dollars from the state treasury. Lebanon's Financial Prosecutor's Office Riad Salameh indicted He was detained last week after being questioned by Lebanon's top prosecutor on multiple financial crimes […]
NYers joined by ex-Israeli hostage, parents of current captive in Central Park: ‘Hell on Earth’
With no ceasefire agreement in sight, hundreds of people, including former Israeli hostages and parents of those still being held, gathered in Central Park on Sunday to call on Hamas to release the remaining prisoners. At the “Bring them home now” rally, protesters demanded the release of up to 100 hostages being held by Hamas, […]