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Fed announces the individual capital requirements for all large banks

London, August 6 (HNA) – Following its stress test earlier this year, the Federal Reserve (Fed) Board on Thursday announced the individual capital requirements for all large banks, effective on…

Survey – Most institutional investors have concerns about cryptocurrency

London, August 5 (HNA) – The majority of the institutional investors are of the view that the prominent reason to abstain a lot of people from entering the crypto market…

OECD annual inflation picks up to 4.1 percent in June 2021

London, August 4 (HNA) – Year-on-year inflation in the Organisation for Economic Co-operation and Development (OECD) area increased to 4.1 percent in June 2021, compared with 3.9 percent in May,…

WB mobilizes over $29 bln. to support Latin America respond to pandemic

London, August 4 (HNA) – In response to Covid-19 severely damaging the lives and livelihoods of millions of people in Latin America and the Caribbean countries, the World Bank (WB)…

WTO seeks possible landing zones for an outcome on agriculture

London, August 3 (HNA) – Agriculture negotiations chair introduces draft text for a ministerial outcome on farm trade The Chair of the negotiations on agricultural trade, Ambassador Gloria Abraham Peralta…

IMF Governors approve $650 billion SDR allocation of SDR

London, August 3 (HNA) – The Board of Governors of the IMF has approved a general allocation of Special Drawing Rights (SDRs) equivalent to 650 billion dollars (about SDR 456…

EBRD acquires equity stake in Sofia airport operator

London, August 3 (HNA) – The European Bank for Reconstruction and Development (EBRD) is supporting the development of Sofia airport with an indirect equity investment in SOF Connect, the company…

IMF – The pandemic widened global current account balances

London, August 3 (HNA) – Global current account balances are set to widen even further in 2021 but this trend is not expected to last, according to the latest IMF…

UNDP report – Social assistance spending widened the rich and poor gap

London, August 2 (HNA) – Rich countries spent up to 212 times per capita more than poor nations on social assistance to cushion unprecedented economic shock, according to a new…

Research – Vaccine inequity undermining global economic recovery

London, August 1 (HNA) – New Global Dashboard on Covid-19 Vaccine Equity finds low-income countries would add 38 billion dollars to their GDP forecast for 2021 if they had the…