Business
Swiss National Bank holds interest rate at zero, cuts inflation forecast
The outcome shows the central bank setting a higher bar for moving negative than for a standard rate cut The Swiss National Bank kept its…
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Bank
Business
Bank of Japan reluctant to intervene on rising yields, sources say
The recent rises are due to investors taking a wait-and-see approach on uncertainty over how far the BOJ can eventually raise rates The…
Business
Bank of America CEO expects markets revenue to jump in fourth quarter
Bank of America CEO Brian Moynihan said on Wednesday he expects revenue from the bank’s markets business to rise between a high…
Business
Barclays joins bank rivals in buying stake in United Fintech
It has bought two fintechs this year, bringing its total to seven and giving it more than 200 employees across 11 locations globally…
Business
New Zealand central bank says policy path not preset, guided by inflation outlook
New Zealand’s top central banker said on Wednesday that there was no preset course for monetary policy and that adjustments would be made…
Business
Australia’s central bank holds rates steady, signals no rush to hike
The mood among consumers, long stuck in the doldrums, has turned positive in a boost to the outlook for household spending Australia’s…
Business
Australia’s central bank holds rates steady, rules out further cuts
Bond yields spike to a 13-month high after governor Bullock says that price risks have ‘tilted to the upside’ Australia’s central bank…
Business
Bank of England plans staffing cuts because of budget pressures
The Bank of England is planning to reduce head count as its finances become strained by the cost of the modernisations recommended by Ben…
Business
India central bank cuts repo rate by 25 basis points, boosts liquidity
The Reserve Bank of India (RBI) cut its key repo rate by 25 basis points on Friday (Dec 5), in line with a consensus view, as record low…
Business
India central bank cuts key rate, boosts liquidity to support ‘Goldilocks’ economy
The Reserve Bank of India (RBI) cut its key repo rate by 25 basis points (bps) on Friday (Dec 5) and left the door open for further…
Business
Bank of America expands crypto access for wealth management clients
As US President Donald Trump continues to push regulatory relief for the asset class, crypto has been benefiting from widespread…
Business
India central bank to tolerate weaker rupee as inflows dry up
India’s central bank will tolerate a weaker rupee as the country’s external sector confronts multiple headwinds including a wider trade…
Business
Global accounting body IASB consults on new model for assessing bank risks
The model will attempt to replace a transaction-driven view of how banks manage interest rate risks Banks could give investors a clearer…
Business
Philippines' slow growth raises chance of December rate cut, says central bank chief
Data last month showed annual growth slowed to a four-year low of 4.0% in the third quarter A slower growth outlook for the Philippines…
Business
Grab-Singtel’s GXS bank cuts about 10% of workforce as it moves on from early-stage operations
Loss of 82 jobs part of the group’s transition from building a bank to running the operations: CEO Lai Pei-Si Digital bank GXS is cutting…
Business
Singapore Bank OCBC’s shares hit record as wealth unit shines
OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago Oversea-Chinese Banking Corp (OCBC) shares hit a…
Business
Indonesia assigns US$1 billion to Brics-led New Development Bank
Indonesia will assign US$1 billion to the Brics-led New Development Bank, further boosting ties with the group of developing nations. The…
Business
Thai central bank proposes new foreign-exchange rules to ease pressure on baht
The Bank of Thailand (BOT) plans to roll out additional measures to ease appreciation pressure on the baht and tighten oversight of…
Business
Bank of Japan to weigh ‘pros and cons’ of rate hike in December, governor Ueda says
The Bank of Japan (BOJ) will consider the “pros and cons” of raising interest rates at its next policy meeting, governor Kazuo Ueda said…
Business
Bank Indonesia seeks rate cuts while balancing stability, growth
Tariff worries have made the rupiah South-east Asia’s worst-performing currency this year Bank Indonesia (BI) will strike a balance…
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West Bank: Israeli troops kill two Palestinians after they appear to surrender
Watch: BBC correspondent examines footage showing moments leading up to shooting in the occupied West Bank Video has emerged showing…
Business
Bank of Singapore to invest in hiring, tech to boost assets, CEO says
Bank of Singapore plans more investment in hiring and technology as it aims to climb into Asia’s top five private banks within five years…
Business
New Zealand central bank says economic recovery picking up
Early indicators suggest the economy had been expanding during the second half of this year and demand had stabilised, Reserve Bank of New…
Business
New Zealand central bank cuts cash rate by 25 bps to 2.25%
Policymakers signal likely end to easing cycle as economy shows early signs of picking up New Zealand’s central bank cut its benchmark…