Culture
China’s central bank pledges flexible monetary policy to support growth
China’s central bank pledged on Friday (Oct 24) to calibrate the intensity, timing and pace of monetary policy based on economic…
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Bank
Culture
Six Wall Street bank chiefs hold most power since global crisis
The last time every major US bank boss also led their boards, Steve Jobs was launching the first iPhone and Bear Stearns had a market…
Culture
US bank reserves fall second week, extend drop below US$3 trillion
The drop comes as the Treasury has ramped up debt issuance to rebuild its cash balance following the increase in the debt ceiling in July…
Blog
Vance 'insulted' by Israel's Knesset vote to annex West Bank
Vice President J.D. Vance slammed a preliminary vote by the Israeli Parliament that approved the annexation of the West Bank as a "stupid…
Culture
Wall Street bonuses expected to hit record as bank profits surge
The Wall Street bonus pool is expected to break records this year if current trends continue, as big banks reap profits from soaring…
Culture
Lloyds bank says profits shrink on bad car loans
Profit after tax dropped 14% to £2.9 billion in the first nine months of the year British lender Lloyds Banking Group on Thursday (Oct 23)…
Business
Knesset approves bill to apply Israeli sovereignty in the West Bank
According to the proposal, “the laws, judicial system, administration, and sovereignty of the State of Israel shall apply to all areas of…
Culture
Indonesia’s central bank surprises with decision to hold rates steady
The overnight deposit and lending rates were also kept at 3.75 per cent and 5.50 per cent Indonesia’s central bank unexpectedly held its…
Culture
Thailand monetary policy should remain accommodative, central bank minutes show
The Bank of Thailand will keep monetary policy accommodative to support an economic recovery and remains ready to adjust policy settings…
Culture
Bank of England’s Bailey warns First Brands, Tricolor collapses may herald worse to come
The recent collapses of US car parts maker First Brands and auto dealership Tricolor may be a warning of much bigger financial problems to…
Culture
Emirates NBD plans to invest US$3 billion in India’s RBL Bank
Emirates NBD bank will invest as much as US$3.1 billion in India’s RBL Bank in the biggest foreign investments in the country’s financial…
Culture
Europe: Stocks fall as US bank jitters spark flight to safety
European shares fell on Friday (Oct 17), as signs of credit stress at US regional lenders unnerved investors and drove them into…
Business
IMF, World Bank members look at Gaza reconstruction, challenges ahead
The World Bank, UN and European Union had estimated in February that it would cost more than $50 billion to rebuild Gaza, and are…
Culture
Digital euro could drain up to 700 billion euros of deposits in bank run, ECB says
The ECB has presented the digital currency as an alternative to US-dominated means of payment A digital euro could drain up to 700 billion…
Culture
Thai central bank worried over disconnect as global markets soar
The disconnect between the real economy and record-high financial markets worldwide is worrying, according to the Bank of Thailand (BOT),…
Culture
Ex-CIMB Singapore chief Victor Lee to join Security Bank in the Philippines as CEO
Victor Lee, the former chief executive officer of CIMB Singapore, has been appointed president and CEO of the Philippine-listed Security…
Culture
Thai central bank unexpectedly holds rates, trims growth forecast
Policymakers leave the door open to more easing if the glum outlook for the economy deteriorates further Thailand’s central bank left its…
Business
Israel faces impending crisis on Egyptian border, West Bank as Gaza war looms
The West Bank and the Egyptian border have the potential to boil over if certain threats are not addressed - and the issues are different…
Culture
Vietnam central bank vows to push growth, limiting credit risks
The trade levies are putting upward pressure on inflation and adding pressure on the currency The State Bank of Vietnam plans to keep…
Culture
New Thai central bank chief says he will work with government but maintain independence
Thailand’s new central bank chief said on Wednesday that he will maintain the independence of the central bank while collaborating with…
Culture
New Thai central bank chief’s arrival fuels bets of larger cut
The leadership transition at the bank also comes as the country sees its third government change in just over two years When Vitai…
Culture
Nubank applies for US bank charter in global expansion push
Most of the biggest Brazilian traditional banks have operations in the America, mainly aimed at Brazilian companies and individuals with…
Culture
China's central bank pledges to step up policy support for growth
China’s central bank said on Friday (Sep 26) it will step up monetary policy adjustments and strengthen coordination between monetary and…
Culture
Indonesia central bank to use all available instruments 'boldly' to stabilise rupiah
The central bank is certain that currency stabilisation efforts will guide the rupiah to reflect fundamental value Indonesia’s central…