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...UBS agreed to rescue Credit Suisse last March in a deal orchestrated by Switzerland’s finance ministry, financial regulator and central bank....
...Can central banks claim much credit for bringing inflation down? Isabel Schnabel: It’s a myth that the inflation trajectory would have been the same in the absence of monetary policy action....
...Race was a central theme in Willis’s speech, who said that only a black man had been targeted by critics — an implied reference to Wade, the only black person among the three appointees....
...Eurozone banks reported a “substantial” drop in loan demand from companies, prompting calls for the European Central Bank to signal it will cut interest rates soon when it meets this week....
...Investors have seemed relatively unperturbed about Rome’s debt issues, helped by the European Central Bank buying the bonds of Italy and other governments until the end of this year and its scheme to buy...
...At some point, this risks leaving lenders without sufficient reserves and could cause unwanted volatility in short-term borrowing costs and even a credit crunch....
...“But we should remain proportionate going forward given an economy that has stagnated for 18 months, risks to the economic outlook that are skewed to the downside, and credit conditions that are in restrictive...
...increasingly concerned about a lack of clarity from US policymakers as to the implementation of the Inflation Reduction Act, the Biden administration’s landmark climate legislation Korean companies are central...
...Trying to copy the US Inflation Reduction Act, a package that includes $369bn of subsidies and tax credits for clean energy technologies, would permanently knock 0.6 per cent off EU gross domestic product...
...While Biden did say in his State of the Union address that he’s going after $20bn of “junk fees”, including late credit card late charges, it did not stop US senator Katie Britt from calling out “the highest...
...The €12.2bn monthly drop in eurozone private sector lending in January, reported by the European Central Bank on Tuesday, is the first such decline since August....
...The sharp slowdown in eurozone bank lending stabilised in October after a pick-up in monthly credit flows for mortgages, according to data from the European Central Bank....
...If the Reagan‑Thatcher revolution was about crushing union power, the pendulum seems to be shifting in favour of labour. Unions are changing too....
...European Central Bank monetary policy meeting. EU ministers for competitiveness meet in Brussels....
...Back in March 2022, EU leaders committed to set deadlines for phasing out export credit to fossil fuels by December 2023....
...China’s “credit impulse” — the change in the flow of credit — was a “headwind for growth for much of the last year” but has now moved back into positive territory, BofA’s analysts said....
...Here is the central problem with the EU’s approach to potential Bosnian entry into the club....
...Many believe that regional economies that are performing slightly better than feared means a more painful recession can be avoided, while falling inflation will allow central banks to cut interest rates,...
...Context: The EESC is an advisory body with 329 members that come from workers’ unions, civil society groups and employer organisations....
...Credit Suisse’s takeover by UBS last March marked the first demise of a globally systemic lender since the financial crisis....
...No more foreign credit causes the economy to collapse. However, before, during and after the invasion, the value of Russia’s exports has far exceeded what it pays for imports....
...‘Tale of two economies’: The economy of the battleground state of Georgia is booming, but Biden, the president who has overseen this bonanza, is getting little credit. Europe’s Morgan Stanley?...
...Other readables Claire Jones is on the ground in Georgia, assessing how the swing state’s “tale of two economies” is influencing voters....
...But once these artifices were no longer possible with the process of convergence towards monetary union, GDP stopped growing....
...“We must give credit where credit is due.”...
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