Described as the profit made from printing money, seigniorage arises because currency carries a zero nominal interest rate and commercial banks receive, at best, paltry interest on the reserves they ... ( read original story ...)
Contentious budget vote could push Israel toward elections
Israel's finance minister said Thursday he would bring a short-term budget up for a vote next week, setting up a showdown between the bloated government's main two ... ( read original story ...)
UAE oil trader GP Global uncovers fraud among employees – letter
United Arab Emirates-based oil trader GP Global has uncovered fraud within the company and filed criminal complaints against some of its employees, its legal representative said in a letter to the ... ( read original story ...)
Security tightened in UP districts bordering Nepal ahead of PM Modi’s visit to Ayodhya
The forces have stepped up vigil along the border in Maharajganj, Siddharthanagar, Shrawasti and Bahraich, Additional Director General of Gorakhpur Zone Dawa Sherpa said. ( read original story ...)
Thai finance ministry slashes 2020 GDP outlook to 8.5% contraction
Thailand's finance ministry on Thursday slashed its 2020 economic forecast to a record 8.5% contraction in gross domestic product from the 2.8% growth it projected in January, due to the impacts of ... ( read original story ...)
Thailand Sees 8.5% GDP Contraction as Virus Ravages Economy
Thailand’s economy will likely contract 8.5% in 2020, worse than previously estimated and the biggest decline of any Asian nation this year.The Finance Ministry’s forecast, released in Bangkok on ... ( read original story ...)
Thailand Downgrades Outlook With GDP Likely to Contract 8.5%
Thailand’s economy will likely contract 8.5% in 2020, worse than previously estimated and the biggest decline of any Asian nation this year. ( read original story ...)
Turkey Runs Low on Ammunition to Combat Lira’s Slide
the Turkish Finance Ministry referred to repeated dismissals by Finance Minister Berat Albayrak. “Turkey has never, even in times of crisis, deviated from free market practices,” the minister said on ... ( read original story ...)
Bank Of The Philippine Islands: Asset Quality Is Key Concern
The Philippines banking industry has already ... as the bank took advantage of volatility in financial markets and interest rates to sell some of its securities and book significant profits. ( read original story ...)
Japan slashes GDP forecasts, expects biggest contraction in decades this fiscal year
Japan sharply downgraded its gross domestic product forecasts for this fiscal year, expecting the world's third-largest economy to suffer its biggest contraction in over two decades amid the fallout ... ( read original story ...)