Australia will need ‘very significant monetary support’ for years, central bank says
Australia will need to maintain “very significant monetary support” for several years, with the cash rate set to stay near zero for “as long as...
Author : Nelli Avetisyan
GameStop frenzy leaves behind a mess for Wall Street regulators
Long before an army of small investors buying shares of GameStop shocked Wall Street, regulators saw the need for a clearer, real-time view of the...
PODCAST: Building SME relationships post-pandemic
Tomer Guriel, co-founder and CEO of ezbob, talks to The Banker’s Kimberley Long about how SME lending may change in the future, and how digital...
Where are central bank digital currencies heading?
A recent survey of central banks by BIS has reignited discussion around the benefits that central bank-issued digital currencies could bring to domestic and cross-border...
U.S. Economy Is Expected to Reach Pre-Pandemic Peak by Mid-2021
The U.S. economy is expected to expand more rapidly in 2021 than officials projected in July, but it will take several years for output to...
Fed’s Bostic says economy could recover more quickly than expected
Atlanta Federal Reserve President Raphael Bostic said Monday that he’s not worried about the U.S. economy overheating, though he does think growth could happen faster...
US Mint couldn’t meet demand for gold and silver coins due to pandemic buying
Sale of bullion rose 258% as investors raced for safe havens and online activists launched a buying frenzy. The United States Mint was unable to...
Exxon plunges to first loss in decades as pandemic chokes off demand
Oil giant Exxon Mobil suffered its first annual loss in decades last year as the pandemic prompted energy use to plunge. The firm lost $22.4bn...
Google’s cloud business is losing money
Google is providing a deeper look into the financials of its cloud business, and it doesn’t look great. Google Cloud posted an operating loss of...
PODCAST: The World’s Biggest Battery
California is generating a ton of solar power–some days, more than people can use. It could power the whole state soon, except for one problem:...