FILE PHOTO: Britain’s Prime Minister Boris Johnson arrives at Downing Street in London, Britain February 13, 2020. REUTERS/Toby Melville/File Photo
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Beijing-Backed AIIB to double funds under coronavirus crisis facility to $10 billion
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Euro zone banks fully utilizing ECB’s two-tier rate scheme
FRANKFURT (Reuters) – Euro zone banks are making almost full use of the European Central Bank’s two-tier deposit facility as they have redistributed excess liquidity to take advantage of an exemption from the most punitive charges, the ECB said on Friday. The ECB introduced the facility on Oct. 30 to relieve some pressure on bank […]
Venezuela to impose tax up to 25% on purchases in foreign currency
CARACAS (Reuters) – Venezuela will begin applying an extra sales tax on purchases of goods using foreign currency under a law approved this week by the government-controlled Constituent Assembly. Venezuelans have increasingly taken to using dollars or euros for day-to-day transactions, as hyperinflation erodes the value of the crisis-torn country’s bolivar currency. The law allows […]