Latest News for: Europe central banks

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Hungary’s OTP to step up lending to farmers in war-torn Ukraine

FX Empire 20 May 2022
Central Europe’s largest independent lender, which is also present in Russia, has started scaling back its activity there as part of plans for a possible exit, with its chief executive saying prospects for the Russian economy were “not very bright” ... Centralized Crypto Exchanges VS.
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The Fed’s Current Role In Undermining Democracy

WhoWhatWhy 20 May 2022
And a big question in the hearings, and a question that has been looming over central bankers, not just in the US, but also in Europe for the past couple of years is, what is the role of a central bank in ... And in Europe you actually have central banks pursuing that in various ways.
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Global stocks rebound after China cuts key mortgage rate

Business Day 20 May 2022
China’s LPR cut “shows you not all central banks are trying to create an environment where the market sells off,” he added ... Money markets are now pricing in 38 basis points of tightening from the European Central Bank by its July meeting .
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European shares rebound as China rate move helps sentiment

The Times of India 20 May 2022
China's LPR cut "shows you not all central banks are trying to create an environment where the market sells off," he added ... Money markets are now pricing in 38 basis points of tightening from the European Central Bank by its July meeting.
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Germany Warns Falling Euro Could Push Inflation Even Higher

Wall Street Journal 20 May 2022
Germany’s Finance Minister Christian Lindner warned that a weak euro might be driving up inflation in Europe and encouraged the ...
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Market Talk – May 20, 2022

Armstrong Economics 20 May 2022
Bank Loan Growth increased from 11.1% to 11.9% ... EUROPE/EMEA.. The ECB will soon hike rates for the first time in more than a decade, a member of the central bank’s governing council told when speaking to CNBC. The ECB has been in the spotlight for its less aggressive stance on monetary policy compared to other central banks.
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Russia will stop supplying gas to Finland after its refusal to pay in rubles, marking ...

Business Insider 20 May 2022
Poland and Bulgaria rejected paying rubles for gas supplies, saying Russia's demand would represent a breach of contract and would dodge sanctions on Russia's central bank. Europe has been highly dependent on Russian energy for decades as Moscow supplied around 40% of the region's gas needs.
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There is hope in the financial markets

The Manila Times 20 May 2022
These imbalances have emerged as an aftermath of the financial crisis and are primarily present in Europe. An example is how the European Central Bank (ECB) has operated with such a significantly low interest rate to create a cheaper refinancing of the Italian government debt.
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INTERVIEW - Energy security, capital markets in EBRD's focus in SEE

Renewables Now 19 May 2022
SOFIA (Bulgaria), May 19 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) will be looking to help the countries in Southeast Europe (SEE) boost their energy security, strengthen their capital markets and step up digitalisation, the bank's managing director for Central and Southeast Europe, Charlotte Ruhe, said.
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The nation welcomes Maria Filomena D. Singh as new Supreme Court associate justice

Manila Bulletin 19 May 2022
Maria Filomena D ... Bernabe ... Justice Singh was also a Hubert Humphrey Fellow on Court Management and Judicial Education of the US Department of State from 2009 to 2010 when she worked with the World Bank’s International Reform Sector on judicial reform projects in Europe and Central Asia ... She is also a professor at the UP College of Law ... .
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Stocks pummeled by growth worries, U.S. dollar climbs

Metro USA 18 May 2022
British inflation is now the highest among major economies in Europe, but prices are rapidly rising worldwide, forcing central banks around the globe to hike interest rates and tamp down growth as suggested by a modest decline in U.S ... central bank would ratchet up rates as high as needed to combat rising inflation.
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SocGen CEO Oudea surprises banking world with decision to step down next year

Reuters 18 May 2022
As with many other European banks, however, SocGen's shares have more than halved since the 2008 crisis. Under Oudea's leadership SocGen has streamlined operations in recent years to boost returns and financial solvency, notably by selling businesses in Central and Eastern Europe and refocusing its corporate and investment banking.
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Duterte names CA Justice Filomena Singh 15th Supreme Court member

Manila Bulletin 18 May 2022
SC Justice Maria Filomena D. Singh ... Singh as Supreme Court (SC) associate justice ... Perlas Bernabe ... Justice Singh was a Hubert Humphrey Fellow on Court Management and Judicial Education of the US Department of State from 2009 to 2010 when she worked with the World BankInternational Reform Sector on judicial reform projects in Europe and Central Asia ... .
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SocGen CEO Frédéric Oudéa to step down after nearly 15 years at the helm

Business Day 17 May 2022
As with many other European banks, however, SocGen’s shares have more than halved since the 2008 crisis. Under Oudéa’s leadership SocGen has streamlined operations in recent years to boost returns and financial solvency, notably by selling businesses in Central and Eastern Europe and refocusing its corporate and investment banking.
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Societe Generale says CEO Oudea to quit next year

FX Empire 17 May 2022
France’s third-biggest listed bank said it would launch the process of ... SocGen has streamlined operations in recent years to boost returns and financial solvency, notably by selling businesses in Central and Eastern Europe and refocusing its corporate and investment banking.

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