The Central Bank of Libya board agreed to a devalued exchange rate across the country of 4.48 dinars to the dollar from Jan. 3, it said on Wednesday, a move welcomed by some business leaders. The board was holding a full meeting for the first time in five years, after dividing as Libya split between warring western and eastern factions leading to different exchange rates across the country.
- The New Jersey Economic Development Authority on Tuesday said it has tapped Morgan Stanley's Multicultural Innovation Lab as the first participant in its initiative aimed at getting more startups headquartered in the state. NJ Accelerate seeks to double venture capital investment across New Jersey and turn the state into an innovation hub.
The New Jersey Economic Development Authority on Tuesday said it has tapped Morgan Stanley's Multicultural Innovation Lab as the first participant in its initiative aimed at getting more startups headquartered in the state. NJ Accelerate seeks to double venture capital investment across New Jersey and turn the state into an innovation hub.
Central European currencies mostly drifted lower on Tuesday, with Hungary's forint retreating from a multi-month high before a central bank meeting likely to give investors further clues to the pace of recovery from the coronavirus pandemic.
In about two weeks, at least 9 million jobless U.S. residents are at risk of losing the unemployment benefits that have helped sustain them through the pandemic.
In about two weeks, at least 9 million jobless U.S. residents are at risk of losing the unemployment benefits that have helped sustain them through the pandemic.
Black employees at Lloyds are paid nearly a fifth less on average than their colleagues, according to an ethnicity pay gap report published by the bank on Friday.
The Bank of Zambia agreed on Friday to purchase gold from locally-listed miner ZCCM-IH as it seeks to build up its gold reserves following a sovereign default, the central bank governor and a company executive said. The agreement follows a similar deal which the Bank of Zambia signed with Canadian copper miner First Quantum
Minerals (FQVLF) earlier in the day.
The ability of developing countries in Asia to fight the coronavirus pandemic got a much-needed boost after the Asian Development Bank said on Friday it has launched a $9 billion facility to help nations access and deliver COVID-19 vaccines.
The Bank of Zambia will begin buying gold from Canadian miner First Quantum Minerals (FQVLF) as it resumes holding the precious metal as part of its foreign reserves, the central bank governor and a company executive said on Friday.
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