SocGen to announce 650 job cuts in France, Les Echos reports
PARIS (Reuters) – French bank Societe Generale is set to cut 650 jobs in France, mainly in its investment banking division, French business newspaper Les Echos reported on Sunday. The bank is to announce the cuts on Monday after meeting union representatives on Friday, the business daily reported, adding that more Continue Reading
Bank of England sees nine million people on furlough scheme – Broadbent
LONDON (Reuters) – The Bank of England expects more than 9 million employees will be on the government’s extended furlough scheme in the spring, BoE Deputy Governor Ben Broadbent said on Friday. “We think that there will again be many millions of employees placed on furlough … in November, and Continue Reading
EU Commissioner Breton sees 50/50 chance of Brexit deal
PARIS (Reuters) – There is a “50/50” chance that Britain and the European Union will be able to reach a deal over the terms of Britain’s exit from the bloc, EU Internal Market Commissioner Thierry Breton said on Friday. “We are extremely clear on the conditions and the access to Continue Reading
Government extends Furlough to March and increases self-employed support
businesses and people across the UK given certainty over winter months with further support announced by Chancellor Rishi Sunak the furlough scheme will now be extended until the end of March – protecting millions of jobs across all nations the next self-employed income support grant will also increase from 55% Continue Reading
UK INTEREST RATE DECISION. Nov 05, 2020
ACTUAL 0.10% FORCAST 0.10% PREVIOUS 0.10% BoE QE Gilts Actual 875B (Forecast 825B, Previous 725B
UK heading for double-dip recession this winter
By David Milliken LONDON (Reuters) – Britain looks on course to enter a double-dip recession this winter, as business surveys show economic growth almost halted last month even before the latest England-wide lockdown was announced, financial data company IHS Markit said. The IHS Markit/CIPS services Purchasing Managers Index (PMI) fell to a Continue Reading
The Reserve Bank of Australia is considering use of a digital currency
In brief, the RBA are, exploring potential use and implications of a wholesale form of central bank digital currency project will explore funding, settlement and repayment of a tokenised syndicated loan on an ethereum-based DLT platform The Reserve Bank today announced that it is partnering with Commonwealth Bank, National Australia Continue Reading
RBA’s Lowe: We can effectively create money without limit
Not the best choice of words by Lowe there Other central banks have bought a lot more debt than we are planning to do Not ruling out buying bonds outside of the 5-to-10-year range Not particularly concerned rates will push up house prices excessively
RBA announces policy easing measures (widely expected). Cash rate cut to 0.1%
Reserve Bank of Australia monetary policy decisions. cash rate at 0.1% 3-year bond yield target at 0.1% to expand government bond buying programme by A$100 bln to buy government bonds of 5 to 10 years maturity will buy bonds issued by the Australian government and by the states and territories, Continue Reading