Switzerland’s central bank is unusual. It is privately owned (mainly by a German citizen) but distributes much of its profit to the nation’s cantons and federal government. This feature adds to the politicisation of monetary policy in Switzerland as it increases the likelihood voters and politicians view the bank primarily as a cash generator rather than the custodian of a stable inflation.
However, profit distributions to cantons and the federal government are unlikely. Gains in one quarter can be wiped out by loses in another. Strong volatility is the norm rather than the exception, according to the bank. In 2023, the SNB made a profit of CHF 26.9 billion in the first quarter only to end the year with a CHF 3.2 billion loss.
https://lenews.ch/2024/04/27/swiss-national-bank-profits-bounce-back-to-record-level/
However, profit distributions to cantons and the federal government are unlikely. Gains in one quarter can be wiped out by loses in another. Strong volatility is the norm rather than the exception, according to the bank. In 2023, the SNB made a profit of CHF 26.9 billion in the first quarter only to end the year with a CHF 3.2 billion loss.
https://lenews.ch/2024/04/27/swiss-national-bank-profits-bounce-back-to-record-level/
Forwarded from @MTODAYNEWS 👈 RT News new channel!!!
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❗️Parts of Moscow flooded, as 30% of normal monthly precipitation to come down on Russian capital this Saturday
🟩 @RTnews_unc3
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Argentina's Central Bank lowers basic interest rates — MercoPress
https://en.mercopress.com/2024/04/26/argentina-s-central-bank-lowers-basic-interest-rates
https://en.mercopress.com/2024/04/26/argentina-s-central-bank-lowers-basic-interest-rates
MercoPress
Argentina's Central Bank lowers basic interest rates
Argentina's Central Bank (BCRA) this week lowered the benchmark interest rate by another 10 percentage points to 60% annually, it was reported in Buenos Aires. It was the fourth such cut since Javier Milei took office on December 10, 2023, when the rate stood…
TifaniesweT 🇨🇭
Switzerland’s central bank is unusual. It is privately owned (mainly by a German citizen) but distributes much of its profit to the nation’s cantons and federal government. This feature adds to the politicisation of monetary policy in Switzerland as it increases…
#SNB president warns of potential inflation shocks in Switzerland
https://www.swissinfo.ch/eng/banking-fintech/snb-president-warns-of-new-inflation-shocks-in-switzerland/76517153
https://www.swissinfo.ch/eng/banking-fintech/snb-president-warns-of-new-inflation-shocks-in-switzerland/76517153
French president #Macron calls for expanded #ECB mandate “We cannot have a monetary policy solely focused on inflation,” Macron says
https://www.centralbanking.com/central-banks/governance/7961199/french-president-calls-for-expanded-ecb-mandate
https://www.centralbanking.com/central-banks/governance/7961199/french-president-calls-for-expanded-ecb-mandate
😂😂
Trump Allies Draw Up Plans to Blunt Fed’s Independence
- WSJ
https://www.wsj.com/economy/central-banking/trump-allies-federal-reserve-independence-54423c2f
Trump Allies Draw Up Plans to Blunt Fed’s Independence
- WSJ
https://www.wsj.com/economy/central-banking/trump-allies-federal-reserve-independence-54423c2f
WSJ
Exclusive | Trump Allies Draw Up Plans to Blunt Fed’s Independence
Some Trump advisers argue that the president should be consulted on interest-rate decisions and have the authority to oust the Fed chair.
Turkish president's historic visit to Iraq marks turning point: Turkmen Front head | News
https://www.yenisafak.com/en/news/turkish-presidents-historic-visit-to-iraq-marks-turning-point-turkmen-front-head-3682223
https://www.yenisafak.com/en/news/turkish-presidents-historic-visit-to-iraq-marks-turning-point-turkmen-front-head-3682223
Yeni Şafak
Turkish president's historic visit to Iraq marks turning point: Turkmen Front head | News
Development Road project to end presence of PKK terrorists in region, says Hasan Turan
Kazakhstan’s Oil Flows to Germany Threatened as Russia Demands Transit Fees
https://oilprice.com/Latest-Energy-News/World-News/Kazakhstans-Oil-Flows-to-Germany-Threatened-as-Russia-Demands-Transit-Fees.html
https://oilprice.com/Latest-Energy-News/World-News/Kazakhstans-Oil-Flows-to-Germany-Threatened-as-Russia-Demands-Transit-Fees.html
IMF considers backing Uzbekistan's WTO membership
https://en.trend.az/casia/uzbekistan/3891687.html
https://en.trend.az/casia/uzbekistan/3891687.html
Trend
IMF considers backing Uzbekistan's WTO membership
TASHKENT, Uzbekistan, April 27. Uzbekistan and the International Monetary Fund (IMF) discussed the country's accession to the World Trade Organization (WTO), Trend reports.
Government of Turkmenistan to optimise WTO accession process — Daryo News
https://daryo.uz/en/2024/04/26/government-of-turkmenistan-to-optimise-wto-accession-process
https://daryo.uz/en/2024/04/26/government-of-turkmenistan-to-optimise-wto-accession-process
Daryo.uz
Government of Turkmenistan to optimise WTO accession process
Ashgabat working on Memorandum on Foreign Trade regime
Sure think so...
Will the #USMCA Accord Survive an Upcoming Review? - The Dialogue
https://www.thedialogue.org/analysis/will-the-usmca-accord-survive-an-upcoming-review/
Will the #USMCA Accord Survive an Upcoming Review? - The Dialogue
https://www.thedialogue.org/analysis/will-the-usmca-accord-survive-an-upcoming-review/
The Dialogue
Will the USMCA Accord Survive an Upcoming Review? - The Dialogue
A Latin America Advisor Q&A featuring experts' views on the USCMA review.
SA challenges EU citrus regulations for second time
https://www.bizcommunity.com/article/sa-challenges-eu-citrus-regulations-for-second-time-231067a
https://www.bizcommunity.com/article/sa-challenges-eu-citrus-regulations-for-second-time-231067a
Bizcommunity
SA challenges EU citrus regulations for second time
The complaint addresses changes the EU made to phytosanitary requirements concerning imports of oranges and other citrus products due to concerns about the false codling moth...
Sri Lanka Approves IMF-Backed Law To #Seize Proceeds Of Crime | Singrauli Mirror
https://singraulimirror.in/news/sri-lanka-approves-imf-backed-law-to-seize-proceeds-of-crime
https://singraulimirror.in/news/sri-lanka-approves-imf-backed-law-to-seize-proceeds-of-crime
Singrauli News
Sri Lanka Approves IMF-Backed Law To Seize Proceeds Of Crime | Singrauli Mirror
Sri Lanka has approved a new law backed by the International Monetary Fund (IMF) allowing the…
The auction for John Jacob #Astor IV's 14-carat gold Waltham pocket watch begins Saturday, with a starting bid of 60,000 pounds, according to auction house Henry Aldridge & Son. The watch, engraved with the initials JJA, was found along with Astor's body when his remains were recovered several days after the Titanic sank.
He was also found with a diamond ring, gold and diamond cufflinks, 225 pounds in English notes, and $2,440.
https://www.cbsnews.com/news/titanic-auction-pocket-watch-richest-passenger-john-jacob-astor-iv/
He was also found with a diamond ring, gold and diamond cufflinks, 225 pounds in English notes, and $2,440.
https://www.cbsnews.com/news/titanic-auction-pocket-watch-richest-passenger-john-jacob-astor-iv/
CBS News
Gold pocket watch found on body of Titanic's richest passenger sells for record $1.46 million
A gold pocket watch recovered along with the body of John Jacob Astor, the richest passenger on the Titanic, is up for auction.
Did John Jacob Astor really die when the Titanic sank...?
Hmm items were recovered from his body ...
Hmm items were recovered from his body ...
Forwarded from @MTODAYNEWS 👈 RT News new channel!!!
⚡️Moscow Terror Attack Suspect Number 12 Arrested
Tajikistan citizen Djumahon Kurbonov appeared in a Moscow court, Saturday, and will be held in custody until May 22.
145 people were killed in the attack on March 22, with the terrorists who carried out the murders arrested close to the Ukrainian border.
🟩 @RTnews_unc3
Tajikistan citizen Djumahon Kurbonov appeared in a Moscow court, Saturday, and will be held in custody until May 22.
145 people were killed in the attack on March 22, with the terrorists who carried out the murders arrested close to the Ukrainian border.
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Forwarded from mar ola 💕💛💙💖
https://www.welt.de/politik/ausland/plus251243756/Ukraine-Krieg-Geheimes-Dokument-haette-nach-zwei-Monaten-Frieden-bringen-koennen.html
Kurz nach Russlands Überfall auf die Ukraine hatten Unterhändler auf beiden Seiten einen Friedensvertrag entworfen. Das 17-seitige Papier liegt WELT AM SONNTAG exklusiv vor. Selbst nach mehr als zwei Jahren Krieg erscheint der Deal im Nachhinein immer noch vorteilhaft.
Kurz nach Russlands Überfall auf die Ukraine hatten Unterhändler auf beiden Seiten einen Friedensvertrag entworfen. Das 17-seitige Papier liegt WELT AM SONNTAG exklusiv vor. Selbst nach mehr als zwei Jahren Krieg erscheint der Deal im Nachhinein immer noch vorteilhaft.
DIE WELT
Ukraine und Russland: Das geheime Dokument, das den Krieg hätte beenden können - WELT
Kurz nach Russlands Überfall auf die Ukraine hatten Unterhändler auf beiden Seiten einen Friedensvertrag entworfen. Das 17-seitige Papier liegt WELT AM SONNTAG exklusiv vor. Selbst nach mehr als zwei Jahren Krieg erscheint der Deal im Nachhinein immer noch…
Forwarded from @MTODAYNEWS 👈 RT News new channel!!!
Mandela grandson booted from X
It remains unclear why South Africa-born Elon Musk allowed the account belonging to the grandson of Nelson Mandela to be blocked on Friday, just as he set sail for Gaza on the Freedom Flotilla, and the day before the 30th anniversary of apartheid officially ending.
🟩 @RTnews_unc3
It remains unclear why South Africa-born Elon Musk allowed the account belonging to the grandson of Nelson Mandela to be blocked on Friday, just as he set sail for Gaza on the Freedom Flotilla, and the day before the 30th anniversary of apartheid officially ending.
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Former New York Giants Lineman Found Dead at 28
https://www.thegatewaypundit.com/2024/04/former-new-york-giants-lineman-found-dead-28/?utm_source=rss&utm_medium=rss&utm_campaign=former-new-york-giants-lineman-found-dead-28
https://www.thegatewaypundit.com/2024/04/former-new-york-giants-lineman-found-dead-28/?utm_source=rss&utm_medium=rss&utm_campaign=former-new-york-giants-lineman-found-dead-28
The Gateway Pundit
Former New York Giants Lineman Found Dead at 28 | The Gateway Pundit | by Anthony Scott
Former New York Giants lineman Korey Cunningham was found dead inside his New Jersey home on Thursday.