Money
Top Fed official sees rates rising and staying high
U.S. interest rates are likely to rise further, and will need to remain high to effectively tackle inflation, a top Federal Reserve official said on April 20.
Japan inflation unchanged at 3.1 pct in March
Japan's consumer prices rose 3.1 percent in March, matching last month's figure and roughly in line with expectations, as inflation slows from four-decade highs, government data showed on April 21.
The figure, which excludes volatile fresh food prices, was marginally higher than market expectations of a 3.0 percent rise and even with February numbers.
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S&P points to upcoming rating upgrade
Standard & Poor's refrained from granting investment grade to the Greek economy on Friday, but showed it intends to do so in its next rating action, as it upgraded Greece's outlook from "Stable" to "Positive," in a move largely expected by markets.
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Integration of social security databases is underway
The Single Social Security Entity is entering a new digitization phase, as seven reforms are already under way which, when completed, are expected to turn EFKA into a truly modern organization.
UK inflation remains over 10 pct as food prices rise
The price of food in the U.K. rose at the fastest pace in 45 years last month in, keeping inflation above 10 percent for a seventh straight month amid a cost-of-living crisis that has fueled a wave of strikes by government workers.
AIIB provides loan for Antalya Airport expansion
The Asian Infrastructure Investment Bank (AIIB) has signed a 140-million-euro loan with Fraport TAV Antalya Yatırım, Yapım ve İşletme (FTA) for the expansion and modernization of Antalya's Airport to improve airport service and the availability of travel options.
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Greece to reopen 10-year bond
Greece will reopen a 10-year issue on Wednesday, seeking to raise up to 300 million euros from the market.
The 10-year bond issue offers a coupon of 4.25% and has a maturity date of June 16, 2033. The settlement date will be Wednesday, April 26.
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EU plans to keep taxpayer cash from being used to save failing banks
The European Union on Tuesday proposed making it harder for states to pour billions of euros of aid into an ailing bank, as Italy did with Monte dei Paschi di Siena six years ago.
Proposals from the EU's executive seek to ensure that banks hold enough resources, in particular debt that can be written down to release cash in a crisis, to avoid taxpayer handouts.
Saudi Arabia transfers more Aramco oil shares to wealth fund
Saudi Arabia has put a second four-percent chunk of shares of the Aramco oil giant, worth tens of billions of dollars, under the control of the country's sovereign wealth fund, state media said Sunday.
Short-term external debt at $153 billion
Türkiye's short-term external debt stock stood at $153.1 billion at the end of February, indicating an increase of 3.1 percent compared to the end of 2022, according to data from the Central Bank.
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