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  • China Mourns the Sudden Passing of Former Premier Li Keqiang at 68
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  • Allegations of Fraud and Corruption Surround Unimed Glory and Christophe Emelee’s Fishing Quota Agreement
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Bank of England says banks will need six months to prepare for negative rates

Bank of England says banks will need six months to prepare for negative rates

Posted By: Editorial Teamon: February 04, 2021In: NEWSNo Comments

LONDON — The Bank of England said Thursday British banks will need at least six months to prepare for a shift into negative interest rates. The BOE asked British banks in October about their preparedness for negative interest rates, having revealed in September that it was exploring the possibility of taking rates below zero if necessary. […] Read more

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Venezuela’s rival leaders in legal battle to determine fate of over $1 billion gold reserves held in London

Venezuela’s rival leaders in legal battle to determine fate of over $1 billion gold reserves held in London

Posted By: Editorial Teamon: June 24, 2020In: ECONOMY, PEOPLE, POLITICSNo Comments

Venezuela’s rival leaders are locked in a legal battle to determine the fate of over $1 billion of gold reserves stored in the vaults of the Bank of England, with a High Court ruling expected over the coming days. The hearing, which began in London on Monday and is expected to last four days, represents an […] Read more

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Bank of England expected to expand bond buying, but it’s wait-and-see on negative rates

Bank of England expected to expand bond buying, but it’s wait-and-see on negative rates

Posted By: Editorial Teamon: June 17, 2020In: BUSINESS, ECONOMY, MARKETINGNo Comments

The Bank of England is expected to expand its quantitative easing program on Thursday, but economists do not expect negative interest rates to be implemented this time around. The Bank’s latest monetary policy decision comes as the U.K. economy attempts to recover from an unprecedented 25% contraction across March and April as lockdowns forced by […] Read more

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