By Reuters Staff
3 Min Read
FRANKFURT (Reuters) - Euro zone citizens expect the European Central Bank’s proposed digital euro to be private, safe and cheap, a survey showed on Wednesday, as the ECB warned that any launch was still several years away.
FILE PHOTO: The European Central Bank (ECB) logo in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski//File Photo
The ECB is studying an electronic form of cash to complement banknotes and coins in a bid to stem competition from cryptocurrencies such as Bitcoin, Tether and Facebook’s proposed Diem.
An ECB consultation showed that privacy, a key feature of cash that some fear will get lost when switching to an electronic means of payment, was the number one priority for both private individuals and professionals.
By Reuters Staff
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WASHINGTON (Reuters) - Kristalina Georgieva, the head of the International Monetary Fund, said on Tuesday she had a “very good meeting” with Argentine Finance Minister Martin Guzman on his country’s economic situation, and said she expected the dialogue to continue.
“Our teams are working together constructively to help strengthen economic stability, protect the vulnerable, and promote sustainable growth,” Georgieva wrote in a tweet. “Our close dialogue will continue.”
Reporting by Andrea Shalal; Editing by Leslie Adler
Wells Fargo & Co bounced back to a profit of almost $5 billion in the first quarter of 2021, ahead of Wall Street estimates as it reduced bad loan provisions and got a grip on the costs tied to its sales practices scandal.
By Reuters Staff
1 Min Read
DUBAI, April 14 (Reuters) - Logistics firm Tristar on Wednesday said it had withdrawn plans for an initial public offering in Dubai, stating that the board and shareholders see better returns through the current growth plan under the existing shareholder structure.
Reuters earlier reported the listing had been withdrawn, with sources saying there had been insufficient investor demand. (Reporting by Hadeel Al Sayegh. Writing by Alexander Cornwell. Editing by Mark Potter)
By Reuters Staff
2 Min Read
WARSAW (Reuters) - Poland has received 24.6 million zlotys ($6.45 million) for ventilators it failed to receive at the start of the pandemic, the health ministry said on Wednesday.
FILE PHOTO: A healthcare worker wearing personal protective equipment (PPE) walks past an ambulance near the coronavirus disease (COVID-19) temporary hospital organised at the National Stadium in Warsaw, Poland April 2, 2021. REUTERS/Kacper Pempel
When coronavirus surged across Europe in April 2020 and hospitals were desperate for ventilators, Poland’s government turned to a little known company called E&K, which is owned by Andrzej Izdebski who has been identified as an arms dealer.