Money

The decision of the Public Debt Management Agency to tap the markets at the exact moment the pre-election period begins and to capitalize at the same time on the improvement that has occurred in the bond market, which is seen as a safety net for investors amid the still-simmering banking crisis, turned out to be absolutely correct.

The Finance Ministry of Cyprus has stressed the importance of having stable legislation regulating out-of-court auctions in tandem with an effective insolvency framework in order to achieve a reduction of bad loans.

The National Assembly has passed a law designed to reduce the impact of the annual increase in the minimum wage on households' creditworthiness after the latest increase rendered much of the population ineligible for a mortgage.

Japan's consumer prices rose 3.1 percent in February from a year earlier, slowing from the four-decade highs seen in previous months, government data showed on March 24.

The figure, which excludes volatile fresh food, met market expectations and comes after the government introduced relief measures for soaring energy bills.

Measures to support and assist the relatives of the 57 people who lost their lives in the Tempe train collision of February 28, as well as passengers who were injured in the crash, are provided for in a bill submitted to Parliament on Friday by the Development and Investment Ministry.

The Federal Reserve extended its year-long fight against high inflation on March 22 by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system.

Actress Lindsay Lohan, YouTuber Jake Paul and six other celebrities were charged by the U.S. Securities and Exchange Commission for touting cryptocurrencies on social media without disclosing that they were paid to do so.

Türkiye's Central Bank on March 23 kept its key policy rate unchanged after lowering it in February.

The bank kept its policy rate stable at 8.5 percent after cutting it by 50 basis points in February in order to support economic activity in the aftermath of the earthquakes that hit the south of the country.

Natural disasters increased insurers' costs in 2022, with inflation pushing up the bill even more, reinsurer Swiss Re said yesterday, warning of likely further rises in the future due to climate change.

UBS Group AG will likely shrink Credit Suisse Group's $10 billion shipping portfolio that it inherited as part of its emergency takeover on Sunday, the Wall Street Journal reported on Wednesday.

UBS could also try to sell the portfolio, but doing so could prompt owners to move their accounts elsewhere, the WSJ reported, citing people familiar with the matter.