El Salvador's president, Nayib Bukele, declared a major victory in legislative elections, citing a projection that his party and its allies had won the biggest congressional majority in the country's history.
Asian shares rallied on Monday as some semblance of calm returned to bond markets after last week's wild ride, while progress in the huge U.S. stimulus package underpinned optimism about the global economy and sent oil prices higher.
By Reuters Staff
1 Min Read
SEOUL, March 1 (Reuters) - South Korea’s central bank said on Monday its currency swap agreement with Switzerland has been extended for another five years in a move aimed at “enhancing bilateral cooperation and facilitating the functioning of financial markets of the two” countries.
The renewed 10 billion Swiss francs ($11.05 billion) currency swap deal, which was first signed in 2018, will be effective from March 1 and could be extended again if agreed by both sides.
South Korea has signed currency swap deals worth around $196 billion with more than eight countries including the United States, China and Canada.
British finance minister Rishi Sunak said the idea of giving people vaccine passports or certificates to allow them to enter venues or events might be a way to help the country and its economy recover from the coronavirus pandemic.