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...The central bank is struggling to find buyers for short-term peso-denominated debt that it issues to suck local currency out of the system, signalling that its efforts to contain inflation are flagging in...
...A report by Bank of America found that “many [US] employers say they offer menopause-related benefits while only one-third of employees say they are aware of the benefits”....
...Investors, primarily Argentine banks, whose short-term notes had recently expired, bought 964bn pesos of new treasury bonds maturing in 2025 and 2026....
...that the partnership was “hoping to identify long-term winners”....
...He noted that the government was relying on the recession to curb prices, and on short-term strategies to cut spending, such as freezing the budget at 2023 levels. “It is not sustainable,” he added....
...But it said that in December the central bank still printed 6tn pesos, worth about $7.5bn at the official exchange rate, to pay interest on a pile of short-term debt with local creditors, buy dollars and...
...His plans for a second term included populist measures such as higher taxes on big companies and the wealthy, a commitment to drive down house prices and cut the cost of drugs, as well as a promise to restore...
...Pan Gongsheng, governor of the PBoC, said in January that growth rates for green loans, short-term technology loans, and long-term manufacturing loans significantly outpaced overall lending growth in 2023...
...The top six banks have all done better than that — with the unhappy exception of Citi: JPM, Bank of America, Wells and US Bank all outgrew the banking system despite being in the top ten by size back in...
...Alongside America’s highways, billboards jostle for drivers’ attention....
...About $10bn* of held-to-maturity assets mature every quarter and get replaced with short-term Treasury paper paying about 5 per cent interest....
...It was once the largest corporation in the world, and its plants lined the banks of Pennsylvania’s Monongahela River. The closure of those plants was lamented in a song by Bruce Springsteen....
...term, and don’t solve anything, but aim to alleviate very critical situations.”...
...He admits that this is far short of the £3.8bn in income generated by the licence fee last year, however....
...Scaringe said that executives at the company still “firmly believe in the full electrification of the auto industry, but recognise in the short term the challenging macroeconomic headwinds”....
...But economists said there were still questions about whether it could successfully deal with a pile of more than $20bn of short-term debt issued to local banks, and how Argentina would find $4bn it needs...
...Milei conceded that “in the long term you need congress” but insisted that Argentina’s historically low levels of investment meant that business could achieve big returns in the short term with only small...
...BlackRock last week upgraded its short-term forecast for US stocks, arguing that falling inflation and lower interest rates would support the market and encourage broader gains over the next six to 12 months...
...The plans set Biden apart from Trump, who is expected to propose making permanent the tax cuts introduced during his first term of office, which are set to expire in 2025, should he secure a second term...
...Interest payments are spiralling on a pile of more than $20bn in short-term liabilities issued by the central bank to local financial institutions to mop up an excess of pesos in circulation....
...One senior UK investment banker said there was “a bit of a brain drain” away from listed corporations towards private equity-backed businesses....
...OK, so in the short term this isn’t Ukraine’s biggest issue. Its war effort and humanitarian operations are heavily dependent on overseas aid rather than export earnings....
...“I think the market has really written off 2024 in terms of any sustained upside rally,” said Charlie Macnamara, head of commodities at US Bank....
...Milei has said his economic plan will focus on rapidly cutting spending — what he has called taking a “chainsaw” to the Argentine state — and resolving a snowballing pile of more than 23.8tn pesos of short-term...
...That makes it harder for executives to plan for the long term. Passive investors, by contrast, will only sell if the stock drops out of the index; they are reliable long-term investors....
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