The Central Bank’s four vice governors – Wassim Mansouri, Bashir Yakzan, Salim Chahine and Alexander Mouradian – might resign, a central Bank vice governor said.
The vice governor told al-Akhbar newspaper, in remarks published Friday, that the vice governors' meeting with the Parliament's Administration and Justice Committee was not "encouraging."
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Turkey's central bank raised its key interest rate Thursday, another sign of commitment to a traditional path of battling inflation but still falling below expectations after critics blamed President Recep Tayyip Erdogan's economic policies for inflaming a cost-of-living crisis.
The 2.5 percentage point hike — putting the rate at 17.5% — came a month after the bank unleashed a 8.5% increase, a reversal after more than a year of rate-cutting prompted by Erdogan.
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Thousands of senior doctors in England began a 48-hour walkout Thursday to demand better pay and conditions, paralyzing hospitals and leaving only emergency care covered.
The severe disruptions are the latest in months of industrial action by public sector workers amid U.K.'s ongoing cost-of-living crisis. They come just two days after junior doctors staged the longest strikes in the history of the state-funded National Health Service.
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The U.S. considers building strong economic and security ties with Vietnam a priority, U.S. Treasury Secretary Janet Yellen said Thursday as she met with Vietnamese officials in a visit aimed at fortifying America's relations across Asia.
Yellen arrived in Vietnam after visits to Beijing and to India, where she attended financial meetings of the Group of 20 major industrial economies.
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The Central Bank vice governors sent Thursday a preliminary comprehensive plan to the Parliament's Administration and Justice Committee.
The plan "enables the correction of the monetary policy, and starts the recovery process. Its major objective is to float the exchange rate in a managed manner on an internationally recognized exchange platform, so that it reflects the real value of the Lebanese Pound," Wassim Manssouri, Bachir Yakzan, Salim Chahine, and Alexander Mouradian said.
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Two depositors stormed Thursday a bank in Sin el-Fil and left the bank after receiving their trapped savings.
Salim Hatoum and Ashraf Salha respectively demanded their $5400 and $23200 frm Byblos Bank.
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Turkey and the United Arab Emirates have signed deals worth $50.7 billion as President Recep Tayyip Erdogan rounded off a three-country tour of the Gulf.
"Today we have witnessed the signings of several strategic agreements and (memoranda of understandings) worth a total of $50.7 billion to further cement ties between the UAE and Turkey," Finance Minister Mehmet Simsek tweeted late Wednesday.
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Benjamin Franklin was so busy as an inventor, publisher, scientist, diplomat and U.S. founding father that it's easy to lose track of his accomplishments.
So add one more to the roster: his early work in printing colonial paper currency designed to counter a constant threat of counterfeiting.
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Bank of America said its profits grew 19% in its most recent quarter, the latest of the big banks to see its bottom line boosted by higher interest rates.
The nation's second-largest bank by assets posted a profit of $7.4 billion in the three months ended June 30, up from $6.2 billion in the same period a year earlier. On a per-share basis, BofA earned 88 cents, compared with 73 cents one year ago. Analysts were expecting profit of 84 cents per share, according to a poll by FactSet.
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Wall Street was largely unchanged Tuesday ahead of the release of U.S. retail sales, factory data and more quarterly financial reports from companies.
Futures for the S&P 500 and the Dow Jones Industrial Average each fell less than 0.1% before the opening bell.
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