An IMF staff team in Ghana has reached agreement with the government on a new economic reform program that would be supported by an IMF loan of about $940 million. The loan, which could receive final approval in early April, would back a program aimed at boosting economic growth and tightening fiscal discipline. Ghana would […]
My Staff has reviewed the list of measures that the Greek authorities prepared over the weekend. We think that it covers the broad topics that should be on the new Government’s agenda. In view of this, we would certainly be able to support the conclusion that the list “is sufficiently comprehensive to be a valid […]
Since my appearance before this Committee last July, the employment situation in the United States has been improving along many dimensions. The unemployment rate now stands at 5.7 percent, down from just over 6 percent last summer and from 10 percent at its peak in late 2009. The average pace of monthly job gains picked […]
NEW YORK, MetLife, Inc. (NYSE: MET) announced today that it originated $3.6 billion in agricultural loans in 2014 through its Agricultural Investments Department, an increase of 9 percent year-over-year. MetLife is one of the largest agricultural mortgage lenders in North America. “MetLife continued to strengthen its position as a leader in the agricultural lending industry […]
Key Points • From April 2014 to January 2015, public sector net borrowing excluding public sector banks (PSNB ex) was ÂŁ74.0 billion; a decrease of ÂŁ6.0 billion compared with the same period in 2013/14. • In January 2015, PSNB ex was -ÂŁ8.8 billion (a surplus); an increased surplus of ÂŁ2.3 billion compared with January 2014. […]
Morgan Stanley Global Private Equity (MSPE) today announced the completion of the sale of its majority interest in EmployBridge, a leading provider of specialty staffing services, to The Select Family of Staffing Companies, a national provider of workforce management services, for approximately $410 million. MSPE and Constitution Capital acquired EmployBridge for $165 million in May […]
NEW YORK- American International Group, Inc.’s (AIG) Commercial Insurance division today announced the introduction of Celebrity Product RecallResponse®, a new insurance product designed to help customers respond to risks from a celebrity endorser’s public fall from grace, scandal, or unexpected death. Provided through AIG’s Lexington Insurance Company, the largest domestic excess and surplus lines carrier […]
Seasonally adjusted GDP rose by 0.3% in the euro area1 (EA18) and by 0.4% in the EU281 during the fourth quarter of 2014, compared with the previous quarter, according to flash estimates2 published by Eurostat, the statistical office of the European Union. In the third quarter of 2014, GDP grew by 0.2% in the euro […]
Merrill Lynch and the University of Southern California Leonard Davis School of Gerontology today announced a ground-breaking training program designed to help Merrill Lynch financial advisors and retirement specialists better understand and address the evolving needs of the nation’s aging population and their families. The new Merrill Lynch Longevity Training Program offers insights into the […]
WASHINGTON – The Financial Stability Oversight Council (Council) today announced that it voted to adopt certain changes and formalize certain practices relating to its process for reviewing nonbank financial companies for potential designation. The Council’s designation authority under Title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act enables the Council to identify […]
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