MANILA—Economic growth in East Asia and the Pacific will weaken sharply in 2022 due to China’s slowdown, but the pace of expansion will pick up next year, the World Bank said on Tuesday. The Washington-based lender said in a report it expected 2022 growth in the East Asia and Pacific region, which includes China, to…
World Bank Cuts 2022 East Asia Growth Outlook, Cites China Slowdown
September 27, 2022
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Bank Chiefs Grilled On Restricting Gun Sales Via Firearm-Specific Merchant Codes
September 23, 2022
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All seven bank chiefs testifying before Congress on Thursday committed to upholding the Second Amendment by promising not to restrict sales of guns following the adoption of new firearm-specific transaction codes that have sparked concern over whether the tracking data might be used by payment processors to curb sales of guns and ammunition. The CEOs…
Bank of Japan Keeps Ultra-Low Rates, Dovish Policy Guidance
September 22, 2022
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The Bank of Japan maintained ultra-low interest rates and dovish policy guidance on Thursday, reassuring markets that it will continue to swim against a global tide of central banks tightening monetary policy to combat soaring inflation. Here are some analysts’ views on the move and market reaction: Shigetoshi Kamada, General Manager—Research Department, Tachibana Securities, Tokyo…
Police: 12 Hostages Freed at Bank in Country of Georgia
TBILISI, Georgia—Police in the country of Georgia said 12 people who were held hostage in a bank by a gunman for hours Tuesday have been freed and hostage-taker has been arrested. Georgian media reported that the gunman at the bank in the city of Kutaisi had demanded $2 million, a helicopter to leave the country…
The Three Stooges: ‘Sing a Song of Six Pants’ (1947)
September 17, 2022
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The stooges become tailors and are heavily in debt to the Skin & Flint finance company. When the boys read about the big reward for a fugitive robber, they think it could be the answer to their problems. The bank robber conveniently ducks into their shop and leaves a suit with a safe combination. After…
The Haunted House (1921)
August 26, 2022
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A bank clerk ends up in a seemingly haunted house that is actually a thieves’ hideout. Credit: Public Domain Movies – Feature Films: Cinema collection: epochcinema.com Epoch Original content: epochoriginal.com Feature Films: www.theepochtimes.com/featured-films * Click the “Save” button below the video to access it later on “My List.” Follow EpochTV on social media: Twitter: twitter.com/EpochTVus…
New Zealand Government to Fully Acquire Kiwibank for NZ$2.1 Billion
The New Zealand (NZ) government has agreed to acquire 100 percent of Kiwi Group Holdings (KGH), the owner of Kiwibank, for $2.1 billion (US$1.3 billion). KGH has operated under three Crown-owned entities—NZ Post, the Accident Compensation Corporation (ACC), and the NZ Super Fund. Finance Minister Grant Robertson said that while the Crown essentially had full…
Bank of Israel Makes Strongest Rate Hike in 20 Years to Cool Inflation
JERUSALEM—The Bank of Israel raised its benchmark interest rate on Monday by three-quarters of a percentage point, its biggest hike in two decades, and appeared on track for further increases as it tries to rein in inflation that has topped 5 percent. The central bank lifted its key rate to 2.0 percent from 1.25 percent,…
Bank Alarm (1937)
August 21, 2022
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A Department of Justice agent and his girlfriend attempt to apprehend a gang of bank robbers. However, the bank robbers always seem to be a step ahead. Credit: Public Domain Movies – Feature Films: Cinema collection: epochcinema.com Epoch Original content: epochoriginal.com Feature Films: www.theepochtimes.com/featured-films * Click the “Save” button below the video to access it…
US Banks Finally See Upturn in Credit-Card Borrowing
NEW YORK—Big U.S. banks including JPMorgan Chase & Co. and Citigroup appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans. JPMorgan Chairman and CEO Jamie Dimon have recently warned of growing recession risks and braced investors…
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