HSBC is selling its entire business in Brazil to Bradesco for a consideration of US$5.2bn The transaction represents a significant step in the execution of the actions announced during the Investor Update on 9 June 2015 Overview of transaction HSBC Holdings plc (‘HSBC’) has entered into an agreement to sell its entire business in Brazil, […]
MS. GAVIRIA: Hello, everyone. I’m Angela Gaviria with the IMF’s Communications Department. Welcome to this conference call on Greece. Here with me is an IMF official, who will make some points and then take your questions. IMF OFFICIAL: Yes. Thank you. And welcome. I want to focus on explaining to you the process that is […]
The euro area recovery is strengthening, but the weak medium-term outlook calls for focus on four key areas: increasing demand, cleaning up bank balance sheets, stepping up structural reforms, and strengthening governance, said the IMF’s latest review of the currency union. Although unemployment is still high, steady job growth and rising real wages have underpinned […]
Abenomics has lifted Japan out of the doldrums, according to the IMF’s latest assessment of the Asian economy. But, policies need to be reinforced to end the lingering deflationary mindset, raise growth, restore fiscal sustainability, and maintain financial stability without undue reliance on yen depreciation. The IMF report found that Abenomics’ three-pronged strategy of aggressive […]
In the first half of 2015 a total of 454,000 counterfeit euro banknotes were withdrawn from circulation –10.5% down on the figure for the second half of 2014, but still higher than in the first half of 2014. The number of counterfeits continues to remain very low in comparison with the increasing number of genuine […]
BEIJING, — World Bank Group President Jim Yong Kim today praised China for its growing role in global development in meetings with Premier Li Keqiang and other senior leaders including Finance Minister Lou Jiwei and Governor Zhou Xiaochuan of the People’s Bank of China. On the first day of his two day visit, President Kim […]
Yesterday, the two month public nomination period to determine who should appear on the next £20 note officially closed. Since 19 May, members of the public have nominated visual artists who they believe helped to shape British thought, innovation, leadership, values and society. In total 29,701 nominations were made, covering 592 eligible visual artists. The […]
A burst of inflation. A crisis in the public finances. Public sector bailouts. Infighting in Europe. Not eight years ago, but eight hundred. That was the economic context for the striking of Magna Carta. To many today, Magna Carta is a document of profound, almost mythical, significance. It is seen as the cornerstone of the […]
Chairman Hensarling, Ranking Member Waters, and members of the Committee, I am pleased to present the Federal Reserve’s semiannual Monetary Policy Report to the Congress. In my remarks today, I will discuss the current economic situation and outlook before turning to monetary policy. Current Economic Situation and Outlook Since my appearance before this Committee in […]
WASHINGTON, —The multilateral development banks (MDBs) and IMF today signaled plans to extend more than $400 billion in financing over the next three years and vowed to work more closely with private and public sector partners to help mobilize the resources needed to meet the historic challenge of achieving the Sustainable Development Goals (SDGs). The […]
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