Irish Finance Minister Paschal Donohoe said on Friday the banking landscape would be poorer as a result of NatWest's decision to exit Ireland but welcomed the interest from other local banks in parts of its loan book.
Korean won strengthens against U.S. dollar South Korea benchmark bond yield rises For the midday report, please click
SEOUL, Feb 19 (Reuters) - Round-up of South Korean financial markets: South Korean shares ended higher, recouping early losses, though investors were cautious due to recovery doubts and worries about the recent jump in coronavirus infections at home. The won edged up, while the benchmark bond yield rose. The benchmark KOSPI ended up 20.96 points, or 0.68%, at 3,107.62, after falling as much as 1.5% in early session to a near three-week low. The index tumbled 1.5% on Thursday. For the week, it edged up 0.23%, rebounding from a 0.64% decline in the previous week.
By Reuters Staff
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JAKARTA, Feb 19 (Reuters) - Indonesia posted its second straight quarter of current account surplus in the last three months of 2020, amounting to $795 million, or 0.3% of gross domestic product, versus the third quarter’s 0.4% surplus, central bank data showed on Friday.
Southeast Asia’s largest economy reported a deficit in it financial and capital accounts in October to December, taking its balance of payments to a deficit of $156 million, compared with a $2.1 billion surplus in the previous quarter.
The current account deficit in 2020 shrank to 0.4% of GDP, from 2019’s 2.7%. The balance of payments last year had a surplus of $2.6 billion, compared with 2019’s $4.7 billion.
The European Commission said on Friday Britain's data protection laws were in line with the European Union's and that it would start a process to allow a continued flow of police and financial data from the EU to Britain for the next four years.
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LONDON (Reuters) - Central bank support for pandemic-hit economies looks to endure well past the recovery in output, leaving investors little option but to keep chasing a parabolic bull market until the fabled “punch bowl” is eventually removed.
The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie
William McChesney Martin - the longest serving Federal Reserve chief between 1951 and 1970 - is credited with the famous quote about the Fed’s main job being to “take away the punch bowl just as the party gets going” - or tighten credit once the economy recovers from recession.