#AceFinanceReport – USA:April.01: Delivering an important boost to the City of Los Angeles’ campaign to hike the minimum wage, county supervisors voted 5-0 Tuesday to study what would happen if they did the same, requiring a higher baseline pay for not just their own employees but for county contractors and businesses in unincorporated areas.
#AceFinanceNews – WASHINGTON:April.01: Chair Janet Yellen has professed unflinching confidence in the Fed’s ability to steer policy back to normal The Hill reported.
That confidence will now be put to the test as the central bank sifts through a pile of economic data to find the right time to act.
The transition carries huge economic consequences, but major political ones too, because Fed skeptics would seize on any misstep to justify tightening the leash on the bank.
#AceFinanceNews – GERMANY:April.01: The German government will allocate a €500 million loan for Ukraine for the restoration of the east of the country, TASS reported, citing the Ukrainian ministry of infrastructure.
The funds will be allocated as part of the agreement between the Ukrainian authorities and German KfW bank, which was signed on Wednesday.
Kiev must repay the loan within 15 years, with a grace period of 5 years.