Global investors are obsessing about borrowing costs, discount rates and inflation risks as the world emerges from the shocking pandemic - but they are also starting to pore over coming corporate tax hikes that could reverse a decades-long decline.
Nigeria has not increased gasoline pump prices, its fuel regulator said on Friday, after sparking confusion at fuel stations and a public backlash by apparently flagging a big rise was on the cards.
By Reuters Staff
1 Min Read
FILE PHOTO: Lithuanian Central Bank governor Vitas Vasiliauskas attends a news conference in Vilnius, Lithuania June 6, 2019. REUTERS/Ints Kalnins
VILNIUS (Reuters) - Struggling under the third wave of the COVID-19 pandemic, the euro zone economy will need at least until the autumn to turn a corner, outgoing Lithuanian central bank chief Vitas Vasiliauskas told reporters on Friday.
Asked when the European Central Bank could dial back emergency bond purchases, Vasiliauskas said this could only happen when the recovery is underway and the economy is off life support.
“The turning the turning point would be when we see clearly that growth returns to track and the economy breathes on its own,” Vasiliauskas, a member of the ECB’s Governing Council said. “It’s difficult to see this before the autumn.”
By Reuters Staff
2 Min Read
DUBLIN (Reuters) - Ireland’s Davy Stockbrokers, which is grappling with the fallout from a record central bank fine, has decided to put itself up for sale, the firm said on Thursday.
Ireland’s largest stockbroker, Davy was fined last week after an inquiry into 16 of its staff who the regulator alleged sought to profit in 2014 by taking the opposite side of a bond deal with a client, without telling the client or compliance officials.
Davy closed its bond desk on Monday after it was dropped as a primary dealer in Irish government bonds and the central bank said on Tuesday it remained under close regulatory scrutiny following the 4.1 million euros ($4.9 million) fine.
Brazilian retail sales fell in January for a third consecutive month, official figures showed on Friday, largely in line with expectations and led by declining supermarket, food and drink sales, as well as weakness in the clothing and footwear sector.