Banking Economy

Latest News for: Banking economy

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Budget 2019: Levy lower tax rates on cashless transactions to encourage more people to use digital payment mode

Yahoo Daily News 23 Jan 2019

Recent reports indicate that the use of cash in the Indian economy is once again in the ascendant and may even have gone back to the pre-demonetisation levels ... By very design, cashless modes of payment improve efficiency, cut costs (when banks and NBFCs handle cash, it adds to their costs) and increase tax compliance by formalising the economy....

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Japan exports post worst fall in two years as trade war bites

Yahoo Daily News 23 Jan 2019

... and U.S.-Sino trade frictions take their toll on the trade-reliant economy ... The trade data underscores rising external pressure on the world's third largest economy and comes hours before the Bank of Japan delivers its policy decision at a two-day meeting ending later in the day....

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China's central bank pumps funds into market via TMLF

Xinhua 23 Jan 2019

23 (Xinhua) -- China's central bank Wednesday ... Large commercial banks, joint-stock banks and major city commercial banks that lend heavily to the real economy and meet macro prudent requirements can apply for the TMLF, according to the PBOC....

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UAE fund pledges $3 billion deposit to State Bank of Pakistan

The News International 23 Jan 2019

“The directive to deposit $3 billion with the State Bank of Pakistan aligns with the UAE leadership’s keenness to bolster Pakistan’s economy, help its government achieve financial stability and overcome economic challenges, and drive comprehensive development in the country," UAE state news agency WAM reported Suwaidi as saying....

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Oil prices extend falls as economic slowdown worries weigh on markets

Yahoo Daily News 23 Jan 2019

Steen Jakobsen, chief economist at Denmark's Saxo Bank, said in a first quarter 2019 outlook that "the global economy is suffering" but added that China's government will do all it can for stability ... as well as the launch of strong stimulus programmes to keep the economy growing....

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Oil steadies, but economic slowdown still weighs on markets

The Times of India 23 Jan 2019

... demand and US-Sino trade frictions take their toll on the trade-reliant economy ... Steen Jakobsen, chief economist at Denmark's Saxo Bank, said in a first quarter 2019 outlook that "the global economy is suffering" but added that China's government will do all it can for stability....

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Can The EUO ETF Move Higher?

Seeking Alpha 23 Jan 2019

Amid the weakening Eurozone economy, the European Central Bank (ECB) has turned dovish, which has weakened the value of the Euro ... While up till December 2018 ECB president Mario Draghi claimed that the softer economic data was only temporary, he has recently acknowledged genuine weakness in the Eurozone economy....

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Wells Fargo Helped to Provide 55.7 Million Meals to Families in Need

Citizen Tribune 23 Jan 2019

... products and services, as well as consumer and commercial finance, through 7,800 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 37 countries and territories to support customers who conduct business in the global economy....

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PAK, UAE sign $3 billion bailout package

DNA India 23 Jan 2019

Speaking on the occasion, Suwaidi said, "The directive to deposit US $3 billion with the State Bank of Pakistan aligns with the UAE leadership's keenness to bolster Pakistan's economy, help its government achieve financial stability and overcome economic challenges, and drive comprehensive development in the country." ....

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Chinese firms' outbound deals to increase

China.dot.org 23 Jan 2019

A visitor experiences JD's drone delivery service through a VR device at CES 2019 in Las Vegas, the United States, on Jan. 9. [Photo/Xinhua] ... The United States is still seen as the No ... Yet the world depends on both economies," Bob Zoellick, Brunswick geopolitical principal and former president of the World Bank, wrote in the report ... ....

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'What scares me the most': Business leaders in Davos are worried about central banks

CNN 22 Jan 2019

"With the global economy likely to slow over the coming quarters, it seems more likely that central banks will continue to ... Central banks could even be the source of the next crisis, according to Shearing, especially if governments pressure central banks to stimulate the economy....

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China's economy is weakening, spurring fear of a global slowdown. The trade war isn't helping

The Los Angeles Times 22 Jan 2019

World China's economy is weakening, spurring fear of a global slowdown ... “Private companies are already pretty efficient users of capital, but state-owned enterprises are not and Chinese state-owned banks are very wasteful,” he said, arguing that China must make structural changes to the economy....

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South Korea's 2018 GDP growth slows to six-year low

The Saigon Times 22 Jan 2019

Tuesday’s Bank of Korea GDP report showed growth of 1% in the fourth quarter, the fastest in three quarters as the economy rode a spurt in government stimulus ... Growth was 2.7% for the whole of 2018, the slowest expansion in six years but matching the 2.7% rate projected by the central bank....