The Indonesia Investment Authority (known as the INA) is Indonesia’s state-run investment fund and has been around for about three years now. When the INA was first proposed, it was not really clear what it was going to do or how it would be structured. But with a few years of operations under its belt,
The government plans an early repayment of up to €5 billion of bailout loans to eurozone countries this year, two government officials told Reuters on Tuesday. The eurozone and the International Monetary Fund (IMF) lent Greece about €280 billion during the crisis on the condition that it impose tough austerity measures. An official who requested
Fed rate-cut odds continued to decline over the past week, amid continued strong economic data and a notable shift from Fed chief Jerome Powell. X Markets pushed back the first Fed rate cut yet again, this time from July to September. And that’s by no means a sure thing. For the full year, markets are
Twelve banks have expressed an interest in participating in the Third Entrepreneurship Fund (TEPIX III), a program of the Hellenic Development Bank (HDB), which will leverage around 2.4 billion euros in new loans to small and medium-sized enterprises (SMEs) and which starts after Easter, HDB Chief Executive Ismini Papakirillou announced on Thursday. This is one
Car insurance costs are pretty brutal at the moment — they’re up more than 22% since this time last year. There’s plenty you can do to lower your bill, but some of the best advice out there still requires a certain amount of upfront cash. For example, paying your annual premium all in one go
U.S. Treasury yields fell slightly on Thursday as investors looked to fresh economic data and comments from Federal Reserve officials as they weighed the outlook for interest rates. At 4:27 a.m. ET, the yield on the 10-year Treasury was down by over one basis point to 4.5690%. The 2-year Treasury yield was last at 4.9198%
Việt Nam needs a legal framework to manage cryptocurrency. — AFP/VNA Photo HÀ NỘI — Cryptocurrency will not be banned in Việt Nam but it is necessary to develop a legal framework to ensure its on-track development and prevent risks, a representative from the Ministry of
Homebuyers hoping to capture a lower mortgage rate on the back of the Federal Reserve cutting interest rates in 2024 may have to wait a little longer. The housing market, still rebounding from COVID-induced inflationary pressures and the Fed’s rate hikes aimed at stabilization, was eyeing relief from three projected policy adjustments later this year.
“Inflation remained relatively moderate,” he said. “Visitor arrivals exceeded 11 million, providing certain support to the local retail, food and beverage, and transport industries.” The latest figures showed the number of visitors in the first three months of 2024 was more than double the number logged for the same period last year. The Tourism Board
Student loans and credit cards fuel spike in bankruptcy filings in Minnesota The stack of unpaid bills kept creeping higher for Jenny George of Red Wing, Minnesota. Despite a good-paying job with Goodhue County, George fell into a financial spiral due to rising costs, interest rates and a trip to the emergency room that blew