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World Bank
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- 1
The Egyptian Gazette reports on why central banks around the world continue to hold the US dollar as their dominant reserve currency, despite ongoing talk of de-dollarisation. The piece examines the structural reasons keeping the dollar at the centre of global finance, including the depth of US markets and the lack of credible alternatives.
- 2Bank of Israel official forecasts 'a whole new world' in a year●'In a year, we will be in a whole new world': Bank of Israel official's forecast
A Bank of Israel official has said that within a year the country will be in "a whole new world," offering a sweeping forecast about the economic or technological transformation ahead. The remark, reported by The Jerusalem Post, suggests major change expected in Israel's economy over the coming twelve months.
- 3Bank of America cuts Carnival stock target as fuel costs surge●Bank of America cuts Carnival stock target as key cost surges
Bank of America has lowered its price target on Carnival, the world's largest cruise operator, citing a sharp rise in a key cost, widely understood to be fuel. The downgrade adds to pressure on cruise line shares, which have been sensitive to shifts in oil prices and consumer spending. Investors are watching whether Carnival can maintain profitability if expenses keep climbing.