Business
G20 finance chiefs back central bank independence in first communique since October
[DURBAN, South Africa] Finance chiefs from the Group of 20 countries stressed the importance of central bank independence while pledging…
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Bank
Business
US: S&P 500, Nasdaq open higher after inflation data; focus on bank earnings
The Nasdaq and the S&P 500 opened higher on Tuesday (Jul 15) after fresh inflation data, while banking heavyweights kicked off the…
Business
Europe: Stocks down with bank and healthcare drag, US-EU tariffs in focus
European shares closed lower on Friday (Jul 11), as losses in banks and healthcare stocks weighed at the end of a week marred by US…
Politics
Sirens sound in Dead Sea, West Bank areas as Houthis fire ballistic missile from Yemen
The IDF announced that the missile was intercepted. Sirens sounded in the Dead Sea and parts of the West Bank as a ballistic missile was…
Politics
Israeli settlers attack Deutsche Welle reporters in West Bank
Israeli settlers have attacked two Deutsche Welle (DW) reporters in the occupied West Bank, Germany's international broadcaster said on…
Business
Bank of England’s policymaker warns neutral rate question can’t be avoided
Bank of England (BOE) policymaker Alan Taylor said UK officials cannot sidestep the question of where interest rates will settle, in a…
Politics
Dozens of Palestinian Bedouin families flee Israeli violence in West Bank
At least 50 Palestinian families from a Bedouin community in the occupied West Bank have fled their homes, following repeated assaults and…
Business
US Federal Reserve releases plan to relax key bank capital rule
The US Federal Reserve unveiled plans to roll back an important capital rule that big banks have said limits their ability to hold more…
Business
Taiwan central bank says US debt rising too fast may impact trust in Treasuries
Taiwan’s central bank governor warned on Saturday (Jun 21) that rapidly rising US debt could be “unfavourable” to the outlook for US…
Business
Top Thai billionaires-backed groups win digital bank permits
Three groups led by Charoen Pokmhand Group, Gulf Development and SCB X have clinched Thailand’s new virtual bank licences to boost…
Business
India's central bank to use cash reserve ratio as active liquidity tool
India’s central bank plans to use the cash reserve ratio (CRR) more frequently to manage liquidity and aid policy transmission, rather…
Business
New Zealand central bank says former head quit over funding dispute
Former New Zealand central bank governor Adrian Orr’s surprise resignation in March was due to his disagreements with the treasury over…
Business
World Bank: Trump’s Trade War Could Destroy the Global Economy
Trump’s trade war won’t just cripple domestic markets—it will slow global GDP growth to its lowest point in 17 years. The World Bank’s…
Business
Barclays cuts more than 200 investment bank jobs to reduce costs
Barclays is preparing to cut more than 200 jobs in its investment bank in the coming days as part of chief executive officer CS…
News
IDF, Shin Bet foil imminent terror attack in northern West Bank
Authorities say the arrest of Muslim Mazarwa, a key figure in the Jenin terror network, could deal a significant blow to planned attacks…
Politics
West Bank mayor urges action as illegal entries into Area A endanger lives
"Failure to enforce the law that prohibits Israelis from entering Area A could lead to the next attack, which I want to prevent," the…
Business
World Bank U-turn ends loan ban to Uganda over gay rights
The World Bank says it is lifting a ban on loans to Uganda that it had put in place two years ago when the country passed a draconian new…
Business
Bank of Japan urged to keep or slow bond taper pace from fiscal 2026
The Bank of Japan (BOJ) received a sizeable number of requests to maintain or slightly slow the pace of tapering in its bond purchases…
Business
Australia central bank pondered outsized rate cut in May, decided to be predictable
Australia’s central bank considered cutting interest rates by an outsized 50 basis points last month as “insurance” against global trade…
Business
Thailand’s virtual bank race heats up
Thailand’s finance ministry is set to issue three virtual banking licences by mid-June – a move that could jolt the country’s lucrative…
Business
DBS mobile app customers face intermittent access on Monday; bank says issue resolved
More than 1,000 reports have been made on outage tracking site Downdetector since around 2 pm DBS and POSB customers had difficulties…
Business
China's central bank injects 700 billion yuan of outright reverse repos in May
Market participants are closely watching for signals on when the PBOC will resume purchases of its own government bonds China’s central…
Business
Bank of England’s Bailey says uncertain outlook demands careful approach to rate cuts
Bank of England Governor Andrew Bailey said on Thursday that the central bank’s “gradual and careful” approach to future interest rate…
Business
India bank frauds triple to 360 billion rupees as credit scams swell
The rise in cases underscores the challenges being faced by the banking regulator Bank frauds in India jumped threefold last year, with…