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Lisa Cook Rejects Trump's Decision to Dismiss Her from the Federal Reserve Board
SadaNews - U.S. President Donald Trump has dismissed Federal Reserve Board member Lisa Cook from her position at the U.S. central bank, at a time when she confirmed that she would continue her work, considering the decision to be without legal grounds.
In a message posted on the "Truth Social" plat...
U.S. Treasury Announces Removal of Sanctions Lists Against Syria
SadaNews - The U.S. Department of the Treasury published, today Monday, the final decision to remove the sanctions lists against Syria, following a previous order from President Donald Trump to dismantle the sanctions system imposed by Washington on Damascus.
The Office of Foreign Assets Control (O...
How Trump's Conflict with the Federal Reserve Threatens Major Central Banks Worldwide?
SadaNews - Global central bank governors who met at a mountain resort in the U.S. in recent days fear they may be engulfed by the political storm surrounding the Federal Reserve (the U.S. central bank).
President Donald Trump's efforts to reshape the Federal Reserve according to his vision and pres...
Turkey Tightens Maritime Blockade on Israel.. Refusal to Dock an Israeli Ship in Istanbul
SadaNews Economy Translation – The Hebrew newspaper "Globes", specialized in economics, reported that Turkish authorities refused last Friday to allow a ship belonging to the Israeli company "Zim" to dock at Istanbul port, following new Turkish anti-Israel measures, revealing that major internationa...
Asian Stocks Rise at Largest Pace in Two Weeks Following Interest Rate Cut Hints
SadaNews - Asian stocks rose at the largest pace in nearly two weeks, tracking the rise of Wall Street, after traders bolstered their bets that the Federal Reserve will cut interest rates next month, following comments from its chairman Jerome Powell.
The Asian stock index climbed by 1%, while the...
Jordan Central Bank Issues Treasury Bonds Worth 50 Million Dinars
SadaNews - The Jordan Central Bank, on behalf of the government, issued on Monday the 26th issuance for this year of treasury bonds worth 50 million dinars.
According to data from the bank reviewed by "The Kingdom", the maturity date for the current issuance is August 26, 2028, while the bank indic...
Gold Prices Fall from Two-Week High Amid Dollar Strengthening
SadaNews Economy - Gold prices recorded a slight decline today, Monday, as the dollar gradually recovered, while growing expectations of a U.S. interest rate cut limited the sharp drop in the precious metal after U.S. Federal Reserve Chairman Jerome Powell hinted at the possibility of a rate cut.
G...
Ankara Closes the Chapter on 'Lira-Indexed Deposits' After 4 Years of Launching Them
SadaNews - The Turkish Central Bank ended, on Saturday, the "protected deposits against exchange rate fluctuations" program (locally known as "KKM"), in a move described as a new chapter in the shift away from the unconventional economic policies adopted by President Recep Tayyip Erdoğan during the...
HSBC's Swiss Unit Ends Relations with 1,000 Wealthy Clients from the Middle East
SadaNews - The Swiss private banking unit of HSBC Holdings is terminating its dealings with several wealthy clients from the Middle East, many of whom have assets exceeding $100 million, as the bank seeks to reduce its exposure to individuals classified as high-risk, according to sources familiar wi...
Transformations in Federal Policy from Jackson Hole to the End of Inflation Surpassing
SadaNews - The annual economic policy seminar of the Federal Reserve Bank in Kansas City concludes its events in "Jackson Hole," Wyoming. Here are the key conclusions:
Powell's Signal
Federal Reserve Chairman Jerome Powell indicated in his speech on Friday that the U.S. central bank is likely to c...
Amendment of the Rent Law Releases Assets Worth 1.5 Billion Pounds for 'New Cairo'
SadaNews - The New Cairo Housing and Development Company, listed on the Egyptian Stock Exchange, is preparing to exploit real estate assets currently valued at approximately 1.5 billion pounds, represented by about 200 residential units subject to the old rent law, according to the company's managin...
What Does Egypt's First Digital Bank Offer?
SadaNews Economy - The Central Bank of Egypt has approved the conversion of the Egypt Digital Innovation Company (MDI) into "One Bank," making it the first integrated digital bank in the country to offer all its services exclusively through digital channels.
The company was established in 2020 as p...