Europe wants to ban Russian diamond imports. Will it hurt?
The European Union is poised to impose a ban on imports of Russia's diamonds — cutting off the world's biggest diamond producer from one of its key markets.
2023-05-20 01:29
Inflation fight risks central banks' credibility and autonomy, BIS warns
By Marc Jones LONDON The credibility and independence of central banks around the world is at risk if
2023-05-20 01:24
Powell Signals a June Pause, Says Fed Can Afford to Watch Data
Federal Reserve Chair Jerome Powell gave a clear signal he is inclined to pausing interest-rate increases next month
2023-05-20 00:21
What happens when $2 trillion is sucked out of the global economy? It may not be pretty
Central banks have been credited with averting a global depression twice over the past 15 years: Once after the 2008 financial crisis, and again at the height of the coronavirus pandemic.
2023-05-19 23:50
Janet Yellen told bank CEOs more mergers may be necessary, sources say
During Thursday's meeting with the CEOs of large banks, Treasury Secretary Janet Yellen told executives that more bank mergers may be necessary as the industry continues to navigate through a crisis, two people familiar with the matter told CNN.
2023-05-19 23:29
Colombia Inflation Hit ‘Turning Point’ in April, Central Bank’s Villar Says
Colombia’s inflation hit a “turning point” last month when it slowed after almost two consecutive years of constant
2023-05-19 23:22
Ramaphosa Abandoned by Key Support Base Over South Africa Policy Missteps
South African President Cyril Ramaphosa has lost the confidence of a key constituency. Five years after ushering in
2023-05-19 22:46
Vale Moves Ahead With $2.7 Billion Amazon Mining Expansion in Clean-Steel Bet
Vale SA is plowing ahead with a $2.7 billion investment to expand iron output in Brazil’s Amazon, betting
2023-05-19 21:47
Morgan Stanley CEO Gorman to Step Down Within 12 Months
Morgan Stanley’s James Gorman plans to step down as chief executive officer in the next 12 months and
2023-05-19 21:25
Lagarde Sees Key Juncture as ECB Needs Sustainably High Rate
The European Central Bank is at a key juncture because it needs to keep persevering with its monetary
2023-05-19 20:53
India's forex reserves edge towards $600 billion, hit near 1-year high
MUMBAI India's foreign exchange reserves rose for a third consecutive week and stood at $599.53 billion for the
2023-05-19 19:56
Trafigura Says Accused Fraudster’s Wife No Innocent Bystander
Commodities trader Trafigura Group, which is investigating a $577 million nickel fraud, extended an asset freeze to the
2023-05-19 19:51