Business
Fed’s first meeting of 2026 likely to be dominated by threats to central bank’s independence
ALL eyes are on what US Federal Reserve chairman Jerome Powell will say and do this week. While he is unlikely to change policy at the end…
Tag
Banks
Business
Venezuelan banks will get US$300 million of oil money to sell on exchange market: sources
FOUR Venezuelan banks were notified this week by the country’s government that they will split US$300 million of oil revenues deposited in…
Business
Russian court considers central bank's $232B lawsuit against Euroclear over seized assets
MOSCOW (AP) — A court in Moscow on Friday began considering a lawsuit filed by the central bank against Euroclear, the Brussels-based…
Business
Wall Street slides at open as investors assess results from big banks
Wall Street’s main indexes fell at the open on Wednesday (Jan 14) as investors digested earnings from Bank of America and Citigroup, while…
Politics
'Disaster only matter of time': As Hamas incitement rises, more Israelis enter West Bank's Area A
Officials said Hamas is driving incitement in these areas, while lone-actor attacks remain a concern. They urged Israelis to obey the law…
Business
GLP picks investment banks for 2026 Hong Kong IPO: sources
Deliberations are ongoing and details such as the offering size and timing have not been finalised Investment firm GLP has selected banks…
Business
Major Chinese banks cut high-yield deposit products to ease margin pressure
Some major Chinese commercial banks have removed five-year, large-scale certificates of deposit that carry a high yield from their…
Business
Saudi National Bank’s US$1 billion loan adds to Middle East spree
Saudi National Bank is seeking a US$1 billion syndicated loan, continuing a borrowing rush by the kingdom’s lenders that are helping…
Business
Amazon, Flipkart take aim at India’s banks with new consumer loan offerings
Interest rates on loans for consumer durables from traditional lenders typically range between 12% and 22% Amazon is preparing to offer…
Business
Battling the Sea on the Outer Banks
Daniel Pullen offers beautifully composed and striking images of the destruction that climate change has brought to his lifelong home.…
Business
US: Wall Street tumbles after big banks flag pullback risk
Wall Street’s main indexes tumbled on Tuesday (Nov 4) as investors questioned lofty tech valuations after the CEOs of top Wall Street…
Business
Banks not told of power plant when they gave in-principle loan commitment to Tuaspring project: witness
Consortium sends18 questions to company upon finding out about the higher-risk power plant The consortium of banks which considered…
Business
California National Guard to support food banks due to expected food assistance delays
California Gov. Gavin Newsom said Wednesday he will deploy National Guard troops to support food banks in November, a move that comes in…
Business
Indonesia considers further liquidity injection for state banks
Finance minister says government still assessing impact of 200 trillion rupiah liquidity boost for state banks Indonesia is considering…
Business
Europe: Shares mark best week since April on boost from banks, healthcare
EUROPEAN shares logged their best weekly showing in five months on Friday with healthcare and miners leading advances on the day as rising…
Business
Central Bank’s New Brazilian Forex Rules Could Impact Crypto Exchanges
Brazil’s central bank (BCB) has proposed new rules for the forex sector that may place further restrictions on the country’s crypto…
Business
Toll Group banks on India’s logistics growth amid rise of ‘quick commerce’
While Singapore is its top Asia market, India is the ‘most exciting’, says executive chairman Thomas Knudsen Toll Group expects its Indian…
Business
China banks amped up 72 trillion yuan bond bet just as market peaked
It comes at a risky time as the nation’s bond market is about to wipe out this year’s advance Just as China’s long bull run for bonds is…
Business
China's PBOC extends currency swap pacts with ECB, Swiss, Hungarian central banks
China’s central bank has extended currency swap agreements with the European Central Bank and the central banks of Switzerland and…
Business
Europe: Shares post first weekly loss in four as banks weigh
European shares closed lower on Friday (29 Aug), hitting their lowest in over two weeks, weighed down by British banks, while investors…
Business
Chinese banks face profit squeeze as loan growth falters
Top Chinese banks’ first-half results on Friday (Aug 29) will underline the impact of slowing loan growth in a deflationary economy, a…
Politics
The EU urges China to lift 'unjustified' sanctions on Lithuanian banks
VILNIUS, Lithuania (AP) — The European Union on Thursday called on China to revoke sanctions imposed on two Lithuanian banks, arguing…
Business
Why China’s banks are hunting for fortunes stashed abroad
BEHIND the gates of an opulent mansion in Vancouver, San Francisco, or Sydney, a wealthy Chinese individual lives a life of quiet…
Politics
Trump says banks discriminate against his supporters
US President Donald Trump on Tuesday (Aug 5) said he believes that banks discriminate against him and his supporters, adding that Bank of…