World Bank Report Highlights Advantage Of Central Bank Gold Revaluation Accounts By Jan Nieuwenhuijs of Gainesville Coins Recently the World Bank released a handbook for asset managers on why to invest in gold. At Gainesville Coins I have written numerous articles on gold revaluation accounts and how these can be deployed by central banks to absorb losses in case of emergency. The World Bank has taken notice of my research as they allude to this practice in a chapter on reserve...
Banks are increasingly carrying out checks to verify that their customers are not laundering money, financing terrorism or violating sanctions, De Nederlandsche Bank (DNB) said on Monday. At the same time, the Dutch central bank noted that some banks are delaying or scaling back improvements to their controls and checks. As a result, they have to do more to get their controls in order.
Judo Bank now predicts the Reserve Bank will raise interest rates three times in 2024 to levels not seen in 16 years - increasing the average mortgage repayment by $300 a month.The bank's chief economic adviser, Warren Hogan, forecast the key interest rate will rise to 5.1 percent by Christmas, from a 12-year high of 4.35 percent. Rate hikes in August, September and November this year would see the Reserve Bank of Australia's key interest rate reach levels last seen in December 2008 during the...
Stock markets in the Asia-Pacific region traded mostly higher at the start of the week, while Chinese stocks dipped in the negative territory as investors digested the People's Bank of China's (PBoC)
The People's Bank of China (PBoC) announced on Monday it will keep its one-year loan prime rate (LPR) unchanged at 3.45%. Additionally, the bank's five-year loan prime rate remained at 3.95%,
Apple Card users can get extra Daily Cash back this week for Nike purchases thanks to a special Apple Pay promotion Apple is running with Nike. From April 25 through May 2, Apple Card owners will get 10 percent Daily Cash back on Nike purchases made using Apple Pay. The deal is available on the Nike website, the Nike app, and at U.S. Nike Stores. Customers can earn up to $50 back, which means the extra cash is available for up to $500 in purchases. Daily Cash is a benefit...
A running club set up to improve the health and well-being of a local
NYC runner Brett Cohn was stopped in his tracks by a coyote in Central Park. The huge coyote was 'bigger than a German Shepherd,' according to the runner. A wildlife expert said that the big coyote looked like it possessed 'wolf genetics'
The ECB has become "the central bank to be followed," one central bank governor said.
Cactus (NYSE:WHD – Free Report) had its target price hoisted by Bank of America from $40.00 to $43.00 in a report issued on Monday morning, Benzinga reports. Bank of America currently has an underperform rating on the stock. A number of other equities research analysts have also weighed in on the company. Stifel Nicolaus lowered […]
Italy's economy grew only “slightly” in the first quarter, according to the
Italy's economy grew only “slightly” in the first quarter, according to the