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April 17, 2021

Central

Economy far from central bank’s goals but outlook brightening, Fed’s Mester says

Reuters
FILE PHOTO: Cleveland Federal Reserve Bank President Loretta Mester speaks in London, Britain, July 2, 2019. REUTERS/Marc Jones/File Photo (Reuters) -The U.S. economy still has a long way to go to fully recover from the crisis caused by the coronavirus pandemic, which hit minorities and people with lower levels of......

Fed’s Harker says central bank will ‘hold steady’ for now

Reuters
FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo (Reuters) – The U.S. economy could grow by around 5% to 6% this year, buoyed by increased vaccinations and strong fiscal aid, but the Federal Reserve is not going to pull back......

China’s Ant Group to become financial holding company: central bank

Reuters
FILE PHOTO: A thermal imaging camera is seen in front of a logo of Ant Group at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song/File Photo BEIJING (Reuters) – Ant Financial, the fintech affiliate of Alibaba Group Holding Ltd,......

Greek economy seen growing by 4.8% in 2022, central banker says

Reuters
FILE PHOTO: A man wearing a protective face mask makes his way on Omonia square in Athens, Greece, September 3, 2020. REUTERS/Alkis Konstantinidis ATHENS (Reuters) – Greece’s economy is seen growing by 4.8% in 2022 after an estimated 4.2% recovery this year, the country’s central banker said in a TV......

Honduras targets U.S. aid for reconstruction after hurricanes

Reuters
FILE PHOTO: U.S. President Joe Biden’s special envoy for the Northern Triangle Ricardo Zuniga walks during a news conference, in San Salvador, El Salvador April 7, 2021. REUTERS/Jose Cabezas/File Photo TEGUCIGALPA (Reuters) – Honduras said on Friday it wants to use U.S. aid aimed at reducing migratory pressures in Central......

China leaps into a central digital bank currency, but similar progress eludes the U.S.

CNBC
CNBC – For more and to sign up click here Beijing city is launching a test of the PBoC’s digital currency during the 2021 Lunar New Year, as shown by a screenshot of a sign-up page on JD’s shopping app. Evelyn Cheng | CNBC China’s leadership in the digital currency......

Japan’s central bank kicks off experiments on issuing digital currency

Reuters
FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – The Bank of Japan (BOJ) began experiments on Monday to study the feasibility of issuing its own......

Bitcoin price surge may be driving up interest in China’s digital yuan, central bank says

CNBC
CNBC – For more and to sign up click here A man counts 100 renminbi notes with the Chinese flag in the background. Sheldon Cooper | SOPA Images | LightRocket | Getty Images GUANGZHOU, China — Interest in China’s digital yuan project could in part be driven by the surging......

China’s central bank warns of a swath of financial risks, including potential defaults

CNBC
CNBC – For more and to sign up click here People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018.  Jason Lee | Reuters BEIJING — China’s central bank warned Thursday of financial risks in the country that have......

Fed’s Waller says the central bank isn’t keeping rates low to finance government debt

CNBC
CNBC – For more and to sign up click here Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, listens during a Senate Banking Committee confirmation hearing in Washington, D.C., on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images The Federal Reserve is......

Harris is tasked with helping to stem the flow of migrants by working with Central American countries.

New York Times
Vice President Kamala Harris will be in charge of efforts to reduce illegal immigration by finding ways to improve conditions in Central American countries, President Biden said Wednesday as his administration struggles to confront a surge of migrants at the country’s southern border. “This new surge we are dealing with......

‘People are just shocked’: Turkey’s lira plunges after Erdogan sacks third central bank chief in two years

CNBC
CNBC – For more and to sign up click here Exchange offices in Istanbul, Turkey seen on October 28, 2020. Due to the increase in exchange rates and the economic instability, people change currency and buy Turkish lira. Erhan Demirtas | NurPhoto via Getty Images Turkey’s lira fell dramatically on......

UPDATE 1-China appoints new central bank monetary policy committee members

Reuters
(Adds detail, context) SHANGHAI, March 20 (Reuters) – China’s cabinet has appointed Cai Fang and Wang Yiming as new central bank monetary policy committee members, the country’s state council said in a statement on Saturday. Cai is an influential economist at the Chinese Academy of Social Sciences (CASS), a top......

Winter weather advisory in effect for west, central Michigan overnight

Detriot News
Detroit News – For more and to sign up click here Wintry weather is briefly returning to Michigan, bringing a potentially dangerous mix of snow and ice overnight on the state’s west side and slick roads closer to Metro Detroit. The National Weather Service has issued a winter weather advisory......

Strong late winter storm pummels central Rockies and leaves tough cleanup in its wake

CBS News
CBS News – For more and to sign up click here A powerful late winter storm hit the central Rocky Mountains Sunday with heavy snow and wind, leading to airport and highway closures, power outages and avalanche warnings in parts of Colorado, Wyoming and Nebraska. The storm dumped anywhere from......

Central African Republic votes amid tight security after December violence

Reuters
BANGUI (Reuters) – Central African Republic voted at heavily guarded polling stations in a second round of parliamentary elections on Sunday after rebel violence marred December’s polls. President Faustin-Archange Touadera greets supporters after highest court confirmed his re-election at his party headquarter in Bangui, Central Africa Republic, on January 18,......

Thousands march in central Beirut as political deadlock persists

Reuters
BEIRUT (Reuters) – Thousands marched in central Beirut on Friday demanding a new independent government to lift Lebanon out of its deepening crisis as frustration over the country’s financial meltdown grew. Demonstrators attend a protest against the fall in Lebanese pound currency and mounting economic hardships, in Beirut, Lebanon March......

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