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The bank noted that falling ECB deposit rates and reduced bond holdings will help mitigate future losses
Google has previously faced financial penalties, including over $1 billion paid to France for tax fraud allegations
The central bank cut the repo rate by 25 basis points to 6.25 percent after keeping it unchanged for eleven consecutive policy meetings
Central bank slashed its policy rate last month for the second time in a row to help prop up the economy
The company also announced a quarterly cash dividend of 76 cents per share
This represents a 6.7 percent increase over 2022
The economy grew by only 0.8 percent over the past year, the slowest pace of growth since the early 1990s
Over 60 percent of industrial sectors experienced enhanced profitability in October relative to the prior month Â
Other global brokerages, including Goldman Sachs and J.P.Morgan, anticipate a 25 bps cut from the central bank next month
Economy's recent performance has been 'remarkably good, by far the best of any major economy in the world'.
Powell said the results of Tuesday's presidential election would have no 'near-term' impact on U.S. monetary policy
Central bank buying slowed in but demand remained robust at 186 tons
Figures released ahead of COP29, taking place November 11 to 22 in Baku, AzerbaijanÂ
The Federal Reserve will begin its two-day policy meeting only a day after the U.S. presidential election on Tuesday
Central bank lowered the projected inflation rate for fiscal 2025 from 2.1 percent to 1.9 percent, below the bank's price stability goal of 2 percent
AI accounted for over half of the 10 largest funding rounds globally as VC investors continued to show interest in the sector
Equity investment funds, valued at 10.89 trillion yuan, were the largest category
Banks' reserve requirement ratio could decline by another 25 to 50 basis points by the end of the year
The government will allocate 1.7 trillion won next year for chip R&D and talent developmentÂ
Global public debt could reach 115 percent of GDP in three years, nearly 20 percentage points higher than currently projected
The guideline highlights the green transformation of industries and ecosystem restoration
The finance ministry noted that this year's deficit is the third-largest ever for the specified timeframe
Milton’s insured losses will likely range from $30 billion-$50 billion, the largest insured loss since Hurricane Ian in 2022
The Central Bank kept the repo rate steady at 6.5 percent
