A Swiss flag is pictured in front of the Swiss National Bank in Bern, Switzerland. Reuters/ File photo
The Swiss National Bank (SNB) plans to pay out 2 billion Swiss francs ($2.05 billion) - and possibly more - to Switzerland’s federal and cantonal governments after swinging to a big 2019 profit, it said.
Australia’s strong economic performance of recent decades has allowed its central bank to avoid the kinds of unorthodox policies seen in other countries, but record low rates mean less conventional measures may be needed to tackle new challenges.
Australia’s central bank on Tuesday cut interest rates for the second time in as many months as it strives to revive a sluggish economy and reduce unemployment, a tough task that may yet require even more stimulus.
A recovery in eurozone business activity was weaker than expected this month as a deepening contraction in the bloc’s manufacturing industry is increasingly holding back services firms, a survey showed. Last month, European Central Bank President Mario Draghi
The State Bank of Pakistan (SBP) is considering the introduction of digital bank accounts for overseas Pakistanis, the central bank’s governor, Reza Baqir, said.
General Motors (GM) is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment which includes customers such as Amazon.com and United Parcel Service, five people familiar with the plans told Reuters.
Global passenger air traffic rose 30% in May from a very low level in April, as airlines cut domestic fares by an average 23% to encourage customers to return, the International Air Transport Association (IATA) said on Wednesday.