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Global rate cuts mark broadest policy shift since crisis: Fitch
Reuters . Washington | Updated at 12:00am on August 18, 2019
A flurry of interest rate cuts by the US Federal Reserve and a host of other central banks marks the broadest shift in global monetary...
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Deforestation in Brazil, vote in Argentina endanger EU-Mercosur pact
Reuters . Brasilia | Updated at 12:00am on August 18, 2019
Brazil’s backsliding on Amazon conservation under right-wing President Jair Bolsonaro and a likely Peronist return to power in Argentina could delay or even derail ratification...
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China unveils rate reform to steer funding costs lower for firms
Reuters . Beijing | Updated at 12:00am on August 18, 2019
China’s central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies and support a slowing economy that...
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Argentina central bank faces peso test ahead of October election
Reuters . Buenos Aires | Updated at 12:00am on August 18, 2019
Argentina’s central bank must toe a politically fraught line between supporting the peso without blasting through the bank’s reserves, as policymakers seek to salvage the...
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Listed banks register hefty rise in profits in January-June
Mostafizur Rahman | Updated at 12:00am on August 17, 2019
A large majority of listed banks registered a hefty rise in their profits in the first half (January-June) of this year due to high interest...
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More major banks bet on steeper Australian rate cuts as trade risks rise
Reuters . Sydney | Updated at 12:00am on August 16, 2019
Commonwealth Bank, HSBC and Citi are betting that Australia’s central bank will cut interest rates more steeply than previously thought as global trade tensions ratchet...
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StanChart eyes $100b pvt bank assets in growth push, to hire bankers
Reuters . Hong Kong | Updated at 12:00am on August 15, 2019
Standard Chartered is targeting growing its private banking assets by 50 per cent to about $100 billion in three to five years and will hire...
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BB unlikely to allow telcos to be part of agent banking service
HM Murtuza | Updated at 12:00am on August 15, 2019
Bangladesh Bank is unlikely to allow any mobile phone operator to run agent banking service for fear that any such move would create uneven competition...
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IMF stands by yuan view, says China could need stimulus if trade war worsens
Reuters . Washington | Updated at 12:00am on August 11, 2019
The International Monetary Fund on Friday stood by its assessment that the value of China’s yuan was largely in line with economic fundamentals, but an...
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Trump says US economy ‘handcuffed’ by Fed, wants further rate cut
Reuters . Washington | Updated at 12:00am on August 11, 2019
US president Donald Trump on Friday called on the Federal Reserve to lower interest rates by a full percentage point, saying the nation’s economy was...
Sunday, August 18, 2019
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