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Don961 » August 16th, 2019
Banks around the world announce the dismissal of 50,000 employees since the beginning of 2019
16 August 2019 12:06 AM
Mubasher: Banks around the world have cut more than 48.5 thousand jobs since the beginning of this year, coinciding with a weak outlook on the economic situation
A report published by the agency "Bloomberg" on Thursday, that the loss of jobs in banks around the world was led by European banks with the continued negative effects of negative interest rates on profits
Deutsche Bank topped the list with a plan to cut 18,000 jobs, or nearly 20 percent of its workforce, until 2022
The Spanish bank Santander has announced the dismissal of 5.4 thousand employees and the British banks "HSBC" and Barclays announced the reduction of 4 and 3 thousand jobs respectively
UniCredit announced a cut of 10,000 jobs, according to the agency, which quoted figures familiar with the issue, noting that these numbers have not been included in the total to date
The report said that the number of jobs cuts in the banking sector this year around the world is likely to be higher than this overall outcome as some banks have taken this step without disclosing the overall impact
link
Saudi Arabia raises holdings of US bonds for the fifth month
16 August 2019 10:26 AM
By Ahmed Allam
RIYADH - Mubasher: Saudi Arabia raised US bond holdings for the fifth consecutive month in June 2019, up 9.3 percent year-on-year.
According to Treasury data, Saudi holdings of US bonds rose to $ 179.6 billion, up from $ 164.3 billion in June 2019.
Saudi Arabia bought $ 600 million in US bonds in June.
On a monthly basis, the kingdom's ownership of US bonds rose marginally by 0.33 percent in June 2019, compared to its $ 179 billion value in May of the same year .
Saudi Arabia has raised its holdings of US bonds by 4.3 percent since the beginning of this year, an increase of $ 7.4 billion; compared to its ownership at the end of 2018, which was $ 172.2 billion.
It is noteworthy that what is disclosed by the US Treasury in its monthly data is the Gulf countries' investments in US Treasury bills and bonds only, and do not include those other investments in the United States, whether governmental or private.
Globally, Japan topped the list of US bond holders in June 2019; $ 1.122 trillion, followed by China with $ 1.112 trillion, and Saudi Arabia ranked 11th and first in the Arab world. link
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
Don961 » August 16th, 2019
Banks around the world announce the dismissal of 50,000 employees since the beginning of 2019
16 August 2019 12:06 AM
Mubasher: Banks around the world have cut more than 48.5 thousand jobs since the beginning of this year, coinciding with a weak outlook on the economic situation
A report published by the agency "Bloomberg" on Thursday, that the loss of jobs in banks around the world was led by European banks with the continued negative effects of negative interest rates on profits
Deutsche Bank topped the list with a plan to cut 18,000 jobs, or nearly 20 percent of its workforce, until 2022
The Spanish bank Santander has announced the dismissal of 5.4 thousand employees and the British banks "HSBC" and Barclays announced the reduction of 4 and 3 thousand jobs respectively
UniCredit announced a cut of 10,000 jobs, according to the agency, which quoted figures familiar with the issue, noting that these numbers have not been included in the total to date
The report said that the number of jobs cuts in the banking sector this year around the world is likely to be higher than this overall outcome as some banks have taken this step without disclosing the overall impact
link
Saudi Arabia raises holdings of US bonds for the fifth month
16 August 2019 10:26 AM
By Ahmed Allam
RIYADH - Mubasher: Saudi Arabia raised US bond holdings for the fifth consecutive month in June 2019, up 9.3 percent year-on-year.
According to Treasury data, Saudi holdings of US bonds rose to $ 179.6 billion, up from $ 164.3 billion in June 2019.
Saudi Arabia bought $ 600 million in US bonds in June.
On a monthly basis, the kingdom's ownership of US bonds rose marginally by 0.33 percent in June 2019, compared to its $ 179 billion value in May of the same year .
Saudi Arabia has raised its holdings of US bonds by 4.3 percent since the beginning of this year, an increase of $ 7.4 billion; compared to its ownership at the end of 2018, which was $ 172.2 billion.
It is noteworthy that what is disclosed by the US Treasury in its monthly data is the Gulf countries' investments in US Treasury bills and bonds only, and do not include those other investments in the United States, whether governmental or private.
Globally, Japan topped the list of US bond holders in June 2019; $ 1.122 trillion, followed by China with $ 1.112 trillion, and Saudi Arabia ranked 11th and first in the Arab world. link
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
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