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Bank Spain Posts Zero Profit After 7.5B Provisions

Bank Spain Posts Zero Profit After 7.5B Provisions

Façade of the Bank of Spain, on April 1, 2025, in Madrid (Spain). The Bank of Spain returned for the second consecutive year to record a net result of zero euros in 2024, after using 7,549 million euros of financial risk provisions to dodge losses, as reported in a statement this Monday, March 31. Madrid, Spain on April 1, 2025. Photo by Eduardo Parra/Europa Press/ABACAPRESS.COM

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Bank Spain Posts Zero Profit After 7.5B Provisions

Bank Spain Posts Zero Profit After 7.5B Provisions

Façade of the Bank of Spain, on April 1, 2025, in Madrid (Spain). The Bank of Spain returned for the second consecutive year to record a net result of zero euros in 2024, after using 7,549 million euros of financial risk provisions to dodge losses, as reported in a statement this Monday, March 31. Madrid, Spain on April 1, 2025. Photo by Eduardo Parra/Europa Press/ABACAPRESS.COM

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Bank Spain Posts Zero Profit After 7.5B Provisions

Bank Spain Posts Zero Profit After 7.5B Provisions

Façade of the Bank of Spain, on April 1, 2025, in Madrid (Spain). The Bank of Spain returned for the second consecutive year to record a net result of zero euros in 2024, after using 7,549 million euros of financial risk provisions to dodge losses, as reported in a statement this Monday, March 31. Madrid, Spain on April 1, 2025. Photo by Eduardo Parra/Europa Press/ABACAPRESS.COM

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Bank Spain Posts Zero Profit After 7.5B Provisions

Bank Spain Posts Zero Profit After 7.5B Provisions

Façade of the Bank of Spain, on April 1, 2025, in Madrid (Spain). The Bank of Spain returned for the second consecutive year to record a net result of zero euros in 2024, after using 7,549 million euros of financial risk provisions to dodge losses, as reported in a statement this Monday, March 31. Madrid, Spain on April 1, 2025. Photo by Eduardo Parra/Europa Press/ABACAPRESS.COM

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Bank Spain Posts Zero Profit After 7.5B Provisions

Bank Spain Posts Zero Profit After 7.5B Provisions

Façade of the Bank of Spain, on April 1, 2025, in Madrid (Spain). The Bank of Spain returned for the second consecutive year to record a net result of zero euros in 2024, after using 7,549 million euros of financial risk provisions to dodge losses, as reported in a statement this Monday, March 31. Madrid, Spain on April 1, 2025. Photo by Eduardo Parra/Europa Press/ABACAPRESS.COM

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Bank Spain Posts Zero Profit After 7.5B Provisions

Bank Spain Posts Zero Profit After 7.5B Provisions

Façade of the Bank of Spain, on April 1, 2025, in Madrid (Spain). The Bank of Spain returned for the second consecutive year to record a net result of zero euros in 2024, after using 7,549 million euros of financial risk provisions to dodge losses, as reported in a statement this Monday, March 31. Madrid, Spain on April 1, 2025. Photo by Eduardo Parra/Europa Press/ABACAPRESS.COM

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Bank Spain Posts Zero Profit After 7.5B Provisions

Bank Spain Posts Zero Profit After 7.5B Provisions

Façade of the Bank of Spain, on April 1, 2025, in Madrid (Spain). The Bank of Spain returned for the second consecutive year to record a net result of zero euros in 2024, after using 7,549 million euros of financial risk provisions to dodge losses, as reported in a statement this Monday, March 31. Madrid, Spain on April 1, 2025. Photo by Eduardo Parra/Europa Press/ABACAPRESS.COM

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New French Government Arrives In Matignon - Paris

New French Government Arrives In Matignon - Paris

Newly-appointed French Minister of Ecological Transition, Energy, Climate, and Risk Prevention Agnes Pannier-Runacher arrives for a meeting of members of France's new Cabinet and the prime minister, at the Hotel Matignon in Paris, on September 23, 2024. French Prime Minister Michel Barnier's hard-won new government faced instant challenges on September 22, 2024 as threats of a no-confidence motion in parliament multiplied. The head of government is also under intense pressure to fix France's fragile financial position, saying a "national effort" was needed to do so. Photo by Alexis Jumeau/ABACAPRESS.COM

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New French Government Arrives In Matignon - Paris

New French Government Arrives In Matignon - Paris

Newly-appointed French Minister of Ecological Transition, Energy, Climate, and Risk Prevention Agnes Pannier-Runacher arrives for a meeting of members of France's new Cabinet and the prime minister, at the Hotel Matignon in Paris, on September 23, 2024. French Prime Minister Michel Barnier's hard-won new government faced instant challenges on September 22, 2024 as threats of a no-confidence motion in parliament multiplied. The head of government is also under intense pressure to fix France's fragile financial position, saying a "national effort" was needed to do so. Photo by Alexis Jumeau/ABACAPRESS.COM

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Australian PM commits new funding to help women leave violent relationships

STORY: Australian PM commits new funding to help women leave violent relationships SHOOTING TIME: April 28, 2024 DATELINE: May 2, 2024 LENGTH: 00:00:53 LOCATION: Canberra CATEGORY: POLITICS SHOTLIST: 1. various of the Parliament House 2. various of Australia's Prime Minister Anthony Albanese in protests on April 28 3. various of the Parliament House STORYLINE: Australia's Prime Minister Anthony Albanese has announced new funding to help women leave violent relationships. Following an emergency meeting of federal, state and territory leaders to address gendered violence, Albanese on Wednesday announced 925 million Australian dollars (about 598 million U.S. dollars) over five years to establish a new leaving violence program. Under the program, women looking to escape violent relationships will be eligible to access up to 5,000 Australian dollars (3,234 U.S. dollars) in financial support as well as safety planning, risk assessment and referral services. Albanese on April 28 joined thousands of Au

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MIDEAST-GAZA-RAFAH-HUMANITARIAN SITUATION-WORSENING

MIDEAST-GAZA-RAFAH-HUMANITARIAN SITUATION-WORSENING

(240202) -- GAZA, Feb. 2, 2024 (Xinhua) -- People are seen on a street during a rainy day in the southern Gaza Strip city of Rafah, on Feb. 2, 2024. A senior official from the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) announced on Thursday that the humanitarian situation of the over 2 million people in Gaza is at risk of worsening after 16 countries stopped financial support to the agency. (Photo by Yasser Qudih/Xinhua)

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MIDEAST-GAZA-RAFAH-HUMANITARIAN SITUATION-WORSENING

MIDEAST-GAZA-RAFAH-HUMANITARIAN SITUATION-WORSENING

(240202) -- GAZA, Feb. 2, 2024 (Xinhua) -- A girl walks on a street during a rainy day in the southern Gaza Strip city of Rafah, on Feb. 2, 2024. A senior official from the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) announced on Thursday that the humanitarian situation of the over 2 million people in Gaza is at risk of worsening after 16 countries stopped financial support to the agency. (Photo by Yasser Qudih/Xinhua)

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MIDEAST-GAZA-RAFAH-HUMANITARIAN SITUATION-WORSENING

MIDEAST-GAZA-RAFAH-HUMANITARIAN SITUATION-WORSENING

(240202) -- GAZA, Feb. 2, 2024 (Xinhua) -- A child walks across a street during a rainy day in the southern Gaza Strip city of Rafah, on Feb. 2, 2024. A senior official from the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) announced on Thursday that the humanitarian situation of the over 2 million people in Gaza is at risk of worsening after 16 countries stopped financial support to the agency. (Photo by Yasser Qudih/Xinhua)

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MIDEAST-GAZA-RAFAH-HUMANITARIAN SITUATION-WORSENING

MIDEAST-GAZA-RAFAH-HUMANITARIAN SITUATION-WORSENING

(240202) -- GAZA, Feb. 2, 2024 (Xinhua) -- People walk across a street during a rainy day in the southern Gaza Strip city of Rafah, on Feb. 2, 2024. A senior official from the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) announced on Thursday that the humanitarian situation of the over 2 million people in Gaza is at risk of worsening after 16 countries stopped financial support to the agency. (Photo by Yasser Qudih/Xinhua)

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MIDEAST-GAZA-RAFAH-HUMANITARIAN SITUATION-WORSENING

MIDEAST-GAZA-RAFAH-HUMANITARIAN SITUATION-WORSENING

(240202) -- GAZA, Feb. 2, 2024 (Xinhua) -- Children are seen at a temporary camp in the southern Gaza Strip city of Rafah, on Feb. 2, 2024. A senior official from the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) announced on Thursday that the humanitarian situation of the over 2 million people in Gaza is at risk of worsening after 16 countries stopped financial support to the agency. (Photo by Yasser Qudih/Xinhua)

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MIDEAST-GAZA-RAFAH-HUMANITARIAN SITUATION-WORSENING

MIDEAST-GAZA-RAFAH-HUMANITARIAN SITUATION-WORSENING

(240202) -- GAZA, Feb. 2, 2024 (Xinhua) -- A boy is seen at a temporary camp in the southern Gaza Strip city of Rafah, on Feb. 2, 2024. A senior official from the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) announced on Thursday that the humanitarian situation of the over 2 million people in Gaza is at risk of worsening after 16 countries stopped financial support to the agency. (Photo by Yasser Qudih/Xinhua)

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MIDEAST-GAZA-RAFAH-HUMANITARIAN SITUATION-WORSENING

MIDEAST-GAZA-RAFAH-HUMANITARIAN SITUATION-WORSENING

(240202) -- GAZA, Feb. 2, 2024 (Xinhua) -- People make fire to keep warm in the southern Gaza Strip city of Rafah, on Feb. 2, 2024. A senior official from the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) announced on Thursday that the humanitarian situation of the over 2 million people in Gaza is at risk of worsening after 16 countries stopped financial support to the agency. (Photo by Yasser Qudih/Xinhua)

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MIDEAST-GAZA-RAFAH-HUMANITARIAN SITUATION-WORSENING

MIDEAST-GAZA-RAFAH-HUMANITARIAN SITUATION-WORSENING

(240202) -- GAZA, Feb. 2, 2024 (Xinhua) -- A boy walks across a street during a rainy day in the southern Gaza Strip city of Rafah, on Feb. 2, 2024. A senior official from the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) announced on Thursday that the humanitarian situation of the over 2 million people in Gaza is at risk of worsening after 16 countries stopped financial support to the agency. (Photo by Yasser Qudih/Xinhua)

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LEBANON-BEIRUT-CENTRAL BANK-PRESS CONFERENCE

LEBANON-BEIRUT-CENTRAL BANK-PRESS CONFERENCE

(230825) -- BEIRUT, Aug. 25, 2023 (Xinhua) -- Wassim Mansouri, first vice governor of the Central Bank of Lebanon, speaks at a press conference at the Central Bank of Lebanon in Beirut, Lebanon, Aug. 25, 2023. Wassim Mansouri on Friday warned that a lack of reforms would expose Lebanon to the risk of isolation from the international financial system. TO GO WITH "Lebanon could face isolation from int'l financial system without reforms: central bank official" (Xinhua/Bilal Jawich)

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LEBANON-BEIRUT-CENTRAL BANK-PRESS CONFERENCE

LEBANON-BEIRUT-CENTRAL BANK-PRESS CONFERENCE

(230825) -- BEIRUT, Aug. 25, 2023 (Xinhua) -- Wassim Mansouri, first vice governor of the Central Bank of Lebanon, speaks at a press conference at the Central Bank of Lebanon in Beirut, Lebanon, Aug. 25, 2023. Wassim Mansouri on Friday warned that a lack of reforms would expose Lebanon to the risk of isolation from the international financial system. TO GO WITH "Lebanon could face isolation from int'l financial system without reforms: central bank official" (Xinhua/Bilal Jawich)

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Kenyan president calls for reforms in global financial system to spur investments

STORY: Kenyan president calls for reforms in global financial system to spur investments DATELINE: Aug. 18, 2023 LENGTH: 00:01:56 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. various of UNCTAD officials receiving Kenyan President 2. SOUNDBITE (English): WILLIAM RUTO, Kenyan President 3. various of the conference STORYLINE: Kenyan President William Ruto on Wednesday called for reforms in the international financial system to help boost investor confidence in Africa. De-risking Africa will foster better relations between the public and private sectors for the common good, said Ruto, who spoke during the United Nations Conference on Trade and Development (UNCTAD) presidential dialogue dubbed "Kenya: a driving force in accelerating continental trade and investment" held in Nairobi, the capital of Kenya. "There is no way you can get private sector money into Africa if we have not sorted out the issue of risk. Nobody will invest here," he said in a statement released by the presidency after the meeting. R

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Silicon Valley Bank collapse shakes confidence in U.S. banking, says expert

STORY: Silicon Valley Bank collapse shakes confidence in U.S. banking, says expert DATELINE: March 21, 2023 LENGTH: 00:04:16 LOCATION: London CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE (English): CHARLES READ, Scholar in economics and history at the University of Cambridge STORYLINE: The collapse of Silicon Valley Bank (SVB), once the 16th largest bank in the United States, has "shaken confidence in U.S. banking" as concerns have mounted over bank deposits, an expert has said. The tech-heavy SVB's demise has "made people far more likely to worry about their bank deposits, and any rumors will be acted upon ... faster. I think that's a big risk," Charles Read, a scholar in economics and history at the University of Cambridge told Xinhua on Tuesday. Read said that since the 2008 global financial crisis, people were no longer as trusting of the banking sector, and bank runs would therefore happen more rapidly. Technology has also made it easier to take money out of banks online, and people will do this

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UBS to buy Credit Suisse: Swiss gov't

STORY: UBS to buy Credit Suisse: Swiss gov't DATELINE: March 20, 2023 LENGTH: 0:01:34 LOCATION: GENEVA, Switzerland CATEGORY: ECONOMY SHOTLIST: 1. various of Swiss Federal Council and Credit Suisse STORYLINE: Credit Suisse will be taken over by Swiss banking giant UBS, the Swiss federal government said on Sunday. On Friday, the liquidity outflows and market volatility showed that it was no longer possible to restore the necessary confidence and that a swift and stabilizing solution was absolutely necessary, the government said. "In this difficult situation, the takeover of Credit Suisse by UBS is the best solution for restoring the confidence that has been lacking in financial markets recently, and for best managing the risk to our country and its citizens," the government said. Under the terms of the all-share transaction, Credit Suisse shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held, equivalent to CHF 0.76/share for a total consideration of 3 billion Swiss francs

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U.S. irresponsible monetary policy triggers SVB collapse, says expert

STORY: U.S. irresponsible monetary policy triggers SVB collapse, says expert DATELINE: March 15, 2023 LENGTH: 00:01:13 LOCATION: ISTANBUL, Türkiye CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of Silicon Valley Bank 2. SOUNDBITE 1 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk 3. SOUNDBITE 2 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk 4. various of street scenes in U.S. 5. SOUNDBITE 3 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk STORYLINE: A prominent Turkish analyst has blamed the United States' irresponsible monetary policy for causing the collapse of Silicon Valley Bank (SVB) and putting the world financial market at risk. SOUNDBITE 1 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk "Unfortunately, the efforts of the U.S. financial capitalism to prevent crises, especially in its own environment, cause new troubles." SOUNDBITE 2 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk "The U.S. authorities follow monet

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XINHUA-PICTURES OF THE YEAR 2022-WORLD NEWS

XINHUA-PICTURES OF THE YEAR 2022-WORLD NEWS

(230110) -- BEIJING, Jan. 10, 2023 (Xinhua) -- This photo taken on April 20, 2022 shows the U.S. Federal Reserve in Washington, D.C., the United States. Throughout 2022, the Fed has raised interest rates seven times in a row, with a cumulative increase of 425 basis points. The Fed's aggressive rate hikes have caused the exchange rates of many currencies to fall to historic lows, the imported inflationary pressure to increase sharply, the risk of debt default to rise, and the financial markets to swing wildly. (Xinhua/Liu Jie)

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Yearender: Xinhua's top 10 world news events in 2022

Yearender: Xinhua's top 10 world news events in 2022

(221230) -- BEIJING, Dec. 30, 2022 (Xinhua) -- This photo taken on April 20, 2022 shows the U.S. Federal Reserve in Washington, D.C., the United States. Xinhua's top 10 world news events in 2022 Fed's aggressive rate hikes scourge global economy The U.S. Federal Reserve raised interest rates by 25 basis points on March 16 to stem a surge in inflation, beginning its new round of rate-hiking cycle. Throughout this year, the Fed has raised interest rates seven times in a row, with a cumulative increase of 425 basis points. The Fed's aggressive rate hikes have caused the exchange rates of many currencies to fall to historic lows, the imported inflationary pressure to increase sharply, the risk of debt default to rise, and the financial markets to swing wildly. The U.S. tightening of liquidity has pulled up the exchange rate of the U.S. dollar and transferred the crisis outward, which has led to the tightening of global financial conditions and the slowdown of world economic growth, wreaking havoc on

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Yangon banks hit by rush of withdrawals

Yangon banks hit by rush of withdrawals

YANGON, Myanmar - People queue outside a Yangon bank Feb. 18 to withdraw their deposits after 20 private banks decided to limit withdrawals to 200,000 kyats ($32,200), down from a limit of 500,000 kyats the previous week. The rush on the banks began with the collapse of some private financial services groups operating outside government financial regulations, which triggered rumors the banks were at risk as well.

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Miyazawa meets press

Miyazawa meets press

Japanese Finance Minister Kiichi Miyazawa meets reporters at a San Francisco hotel Sept. 4 after holding talks with U.S. Treasury Secretary Robert Rubin. Rubin urged Japan to implement a set of economic stimuli with ''a sense of urgency'' to save the global economy, now facing a systemic risk due to financial woes in Asia, Russia and Latin America.

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BOTSWANA-GABORONE-RISK ASSESSMENT-MONEY LAUNDERING

BOTSWANA-GABORONE-RISK ASSESSMENT-MONEY LAUNDERING

(221108) -- GABORONE, Nov. 8, 2022 (Xinhua) -- Emmah Peloetletse, Permanent Secretary to the President and chairperson of the National Coordinating Committee on Financial Intelligence, speaks at the launch ceremony in Gaborone, Botswana on Nov. 7, 2022. Botswana has launched its second National Risk Assessment (NRA) on money laundering, terrorism financing, and proliferation financing. (Photo by Tshekiso Tebalo/Xinhua)

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UN agency warns of global recession induced by monetary policy in advanced economies

STORY: UN agency warns of global recession induced by monetary policy in advanced economies DATELINE: Oct. 5, 2022 LENGTH: 0:02:29 LOCATION: GENEVA, Switzerland CATEGORY: ECONOMY SHOTLIST: 1. various of UNCTAD video 2. various of streets, people walking and shopping and traffic in different countries 3. SOUNDBITE (English): REBECA GRYNSPAN, UNCTAD Secretary-General STORYLINE: Monetary policy moves in advanced economies risk pushing the world towards global recession and prolonged stagnation, inflicting worse damage than the 2008 financial crisis and the COVID-19 shock, the UN Conference on Trade and Development (UNCTAD) said on Monday. Rapid interest rate increases and fiscal tightening in advanced economies, combined with the crises resulting from the COVID-19 pandemic and the Ukraine conflict, have already turned a global slowdown into a downturn with the desired soft landing looking unlikely, said a UNCTAD report titled "Trade and Development Report 2022." In a decade of ultra-low interest rates, cen

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Sanaa charity kitchen becomes lifeline of hundreds of Yemeni families

STORY: Sanaa charity kitchen becomes lifeline of hundreds of Yemeni families DATELINE: Oct. 2, 2022 LENGTH: 0:01:36 LOCATION: Sanaa CATEGORY: SOCIETY SHOTLIST: 1. various of Yemeni people waiting outside a charity kitchen to get free meals 2. various of volunteers preparing charity meals inside a charity kitchen STORYLINE: A charity kitchen has become the lifeline of hundreds of families in a neighborhood of Sanaa, Yemen's capital. Every day, people from more than 500 families spend hours in long queues before the kitchen to get five loaves of bread, a cup of soup, and a small amount of rice. Muammed al-Butahi, the founder of the charity kitchen, said as food crisis in the country worsens, more and more people come to his kitchen for meals. He explained that the kitchen is running on donations from all walks of life in Sanaa. But as financial hardship deteriorates, the kitchen is facing the risk of closing. The World Food Programme (WFP) said that despite ongoing humanitarian assistance, 17.4 million Y

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Türkiye cuts interest rate for 2nd month despite raging inflation

STORY: Türkiye cuts interest rate for 2nd month despite raging inflation DATELINE: Sept. 23, 2022 LENGTH: 00:01:00 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of the Turkish central bank 2. various of Lira 3. various of people walking on the street STORYLINE: The Turkish central bank on Thursday cut its benchmark rate for the second month in a row from 13 percent to 12 percent despite inflation running at a two-decade high. Financial conditions remain supportive to preserve the growth momentum in industrial production and the positive trend in employment in a period of increasing uncertainties regarding global growth as well as escalating geopolitical risk, the central bank's Monetary Policy Committee said in a statement. In the aftermath of the central bank's rate-cut decision, the Turkish lira fell to a new record low of 18.42 against the U.S. dollar. Türkiye's annual inflation hit 80.21 percent in August, the highest in 24 years. Turkish President Recep Tayyip Erdogan is an advocate

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Türkiye's central bank cuts key interest rate to 13 pct

STORY: Türkiye's central bank cuts key interest rate to 13 pct DATELINE: Aug. 19, 2022 LENGTH: 00:01:07 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish central bank 2. various of bank clerks counting money 3. various of people waiting to board at the airport 4. various of street views STORYLINE: The Turkish central bank on Thursday made a surprise interest rate cut to 13 percent from 14 percent, plunging its currency to the lowest point this year. The move aimed to drive economic growth and sustain employment amid growing geopolitical risk, the bank's monetary policy committee said in a statement, adding that rising loan rates have diminished the effectiveness of the monetary policy. "It is important that financial conditions remain supportive to preserve the growth momentum in industrial production and the positive trend in employment in a period of increasing uncertainties regarding global growth as well as escalating geopolitical risk," the statement said. Accordingly, the committe

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Turkish households rely heavily on credit cards as prices surge

STORY: Turkish households rely heavily on credit cards as prices surge DATELINE: April 28, 2022 LENGTH: 00:03:03 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the streets, at the cash points and shopping in Turkey 2. various of people at a fresh vegetable bazaar in Turkey 3. SOUNDBITE 1 (Turkish): BAYKAN CELILOGLU, Former cruise ship worker 4. SOUNDBITE 2 (Turkish): EMRECAN SIYAH, Mechanical engineer from the Northern city of Samsun STORYLINE: Galloping inflation and skyrocketing prices have pushed many struggling households in Turkey to rely heavily on their credit cards, spending often beyond their means at risk of default. Turkey is experiencing financial woes not seen in decades as the Turkish lira lost half its value last year amid an economic crisis inflamed by the COVID-19 pandemic before the annual inflation hit a two-decade high of 61.1 percent in March. Meanwhile, average wages and pensions are no longer enough to cover basic household expenses, forcing people to

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Pacific islands say financial support needed to reduce disaster risks

Pacific islands say financial support needed to reduce disaster risks

(From L) Aunese Makoi Simati, representative of Tuvalu to the United Nations, Tutai Tura, associate minister of foreign affairs and immigration from the Cook Islands, and Faamoetauloa Tumaalii, minister of natural resources and environment from Samoa, hold a press conference during the U.N. World Conference on Disaster Risk Reduction in Sendai, northeastern Japan, on March 17, 2015. The representatives from the Pacific Island nations said international financial support is necessary to protect the countries facing increasing threats from natural hazards, days after Super Cyclone Pam ravaged part of the region. (Kyodo) ==Kyodo

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Dollar below 108 yen on weaker stocks, dovish view on U.S. rates

Dollar below 108 yen on weaker stocks, dovish view on U.S. rates

A financial data screen in Tokyo shows the U.S. dollar falling below 108 yen on April 11, 2016, its lowest level in about 17 months, amid risk aversion fueled by weak Tokyo stocks and speculation that the U.S. Federal Reserve is in no hurry to raise interest rates. (Kyodo) ==Kyodo

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CBRC vice chairman at press conference in Beijing

CBRC vice chairman at press conference in Beijing

China Banking Regulatory Commission Vice Chairman Wang Zhaoxing speaks at a press conference in Beijing, China, on Jan. 23, 2015. He said China may face new financial risks in tandem with slowing economic growth, but the commission has tightened its monitoring of the financial system and the risk can be limited. (Kyodo) ==Kyodo

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Tourist, face mask, empty Charles Bridge in Prague, without tourists, Prague Castle, panorama

Tourist, face mask, empty Charles Bridge in Prague, without tourists, Prague Castle, panorama

Whole Czech Republic an a risk area in terms of its epidemiological situation. Tourist with face mask is crossing empty Charles Bridge in Prague, Czech Republic, October 5, 2020. (CTK Photo/Vit Simanek)

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Jan Frait

Jan Frait

Czech National Bank financial stability section head Jan Frait speaks during the press conference after discussing Financial Stability Report 2019/2020, announces the report outcome and Bank Board decision on setting counter-cyclical buffer rate and recommendation on risk management related to mortgage loans in Prague, Czech Republic, June 18, 2020. (CTK Photo/Michal Kamaryt)

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Jiri Rusnok

Jiri Rusnok

Czech National Bank (CNB) governor Jiri Rusnok speaks during the press conference after discussing Financial Stability Report 2019/2020, announces the report outcome and Bank Board decision on setting counter-cyclical buffer rate and recommendation on risk management related to mortgage loans in Prague, Czech Republic, June 18, 2020. (CTK Photo/Michal Kamaryt)

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Jiri Rusnok

Jiri Rusnok

Czech National Bank (CNB) governor Jiri Rusnok speaks during the press conference after discussing Financial Stability Report 2019/2020, announces the report outcome and Bank Board decision on setting counter-cyclical buffer rate and recommendation on risk management related to mortgage loans in Prague, Czech Republic, June 18, 2020. (CTK Photo/Michal Kamaryt)

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Jiri Rusnok

Jiri Rusnok

Czech National Bank (CNB) governor Jiri Rusnok speaks during the press conference after discussing Financial Stability Report 2019/2020, announces the report outcome and Bank Board decision on setting counter-cyclical buffer rate and recommendation on risk management related to mortgage loans in Prague, Czech Republic, June 18, 2020. (CTK Photo/Michal Kamaryt)

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Jiri Rusnok

Jiri Rusnok

Czech National Bank (CNB) governor Jiri Rusnok (left) speaks during the press conference after discussing Financial Stability Report 2019/2020, announces the report outcome and Bank Board decision on setting counter-cyclical buffer rate and recommendation on risk management related to mortgage loans in Prague, Czech Republic, June 18, 2020. (CTK Photo/Michal Kamaryt)

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Jiri Rusnok

Jiri Rusnok

Czech National Bank (CNB) governor Jiri Rusnok speaks during the press conference after discussing Financial Stability Report 2019/2020, announces the report outcome and Bank Board decision on setting counter-cyclical buffer rate and recommendation on risk management related to mortgage loans in Prague, Czech Republic, June 18, 2020. (CTK Photo/Michal Kamaryt)

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Nikkei up more than 1,000 points

Nikkei up more than 1,000 points

A financial data screen in Tokyo shows the Nikkei Stock Average surging more than 1,000 points on June 16, 2020, as a report of new U.S. economic measures to cushion the coronavirus pandemic fallout boosted investors' risk appetite. (Kyodo) ==Kyodo

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G-20 upbeat on world economy, affirms coordination over risks

G-20 upbeat on world economy, affirms coordination over risks

German Finance Minister Wolfgang Schaeuble speaks at a press conference after a two-day Group of 20 financial meeting in Washington on Oct. 13, 2017. The G-20 finance chiefs agreed to step up coordination in better coping with risk factors to the world economy such as North Korea, amid signs that 2017 will be the best year for global growth in a decade. (Kyodo) ==Kyodo

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G-20 upbeat on world economy, affirms coordination over risks

G-20 upbeat on world economy, affirms coordination over risks

Bank of Japan Governor Haruhiko Kuroda (R) speaks at a press conference after a two-day Group of 20 financial meeting in Washington on Oct. 13, 2017. The G-20 finance chiefs agreed to step up coordination in better coping with risk factors to the world economy such as North Korea, amid signs that 2017 will be the best year for global growth in a decade. (Kyodo) ==Kyodo

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G-20 upbeat on world economy, affirms coordination over risks

G-20 upbeat on world economy, affirms coordination over risks

Bank of Japan Governor Haruhiko Kuroda (R) speaks at a press conference after a two-day Group of 20 financial meeting in Washington on Oct. 13, 2017. The G-20 finance chiefs agreed to step up coordination in better coping with risk factors to the world economy such as North Korea, amid signs that 2017 will be the best year for global growth in a decade. (Kyodo) ==Kyodo

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BOJ chief upbeat on global growth, but cites U.S., geopolitical risks

BOJ chief upbeat on global growth, but cites U.S., geopolitical risks

Bank of Japan Governor Haruhiko Kuroda (R) speaks to reporters in Washington on Oct. 12, 2017, before a two-day Group of 20 financial meeting starts later in the day. Kuroda expressed optimism about the world economy, but cited U.S. economic and monetary policy and geopolitical tensions as risk factors to otherwise steady and accelerating global growth. (Kyodo) ==Kyodo

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Yangon banks hit by rush of withdrawals

Yangon banks hit by rush of withdrawals

YANGON, Myanmar - People queue outside a Yangon bank Feb. 18 to withdraw their deposits after 20 private banks decided to limit withdrawals to 200,000 kyats ($32,200), down from a limit of 500,000 kyats the previous week. The rush on the banks began with the collapse of some private financial services groups operating outside government financial regulations, which triggered rumors the banks were at risk as well. (Kyodo)

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