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Added on the 27/07/2016 14:42:10 - Copyright : Reuters EN
Deutsche Bank's finance chief told staff representatives last month that job cuts at the bank could be double that planned, a step that could remove 10,000 further employees, a person with direct knowledge of the matter has told Reuters. David Pollard reports.
The US Federal Reserve votes to hold interest rates at a 22-year high for the third straight meeting and signaled it expects to make three cuts next year. SOUNDBITE
The Bank of England announces it will hold its key interest rate at 5.25 percent, a day after the Federal Reserve also froze borrowing costs as global inflation retreats. The BoE had already kept its rate steady at the central bank's previous monetary policy meeting in September, snapping a streak of 14 hikes in a row. But Governor Andrew Bailey says it is "much too early" to think about cutting rates. IMAGES
Jakarta, Mar 2 (EFE/EPA).- Bank Indonesia cut its forecast for the country's economic growth in 2021 by 0.5 percent from 4.8-5.8 percent range to 4.3-5.3 percent range. (Camera: BAGUS INDAHONO). SHOT LIST: MOTORBIKE RIDERS ON A MAIN STREET IN JAKARTA, AND VENDORS AND CUSTOMERS AT A MARKET IN JAKARTA, INDONESIA.
The recent storming of the US Capitol seems to be hitting President Donald Trump not only politically, but financially as well. CNN reports a growing number of businesses suddenly want very little to do with Trump after he incited a mob of his supporters to attack the Capitol. Twitter and Facebook banned Trump indefinitely, and Stripe is no longer processing credit card payments for his campaign. Shopify stopped operating online stores for the Trump Organization and the campaign and the PGA is pulling a major golf tournament from a Trump resort. It's also unclear which, if any, banks will want to loan money to the Trump Organization.
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