Finance
Gulf central banks follow Fed with 25-basis-point rate cuts
A synchronized move has been observed in Gulf central banks with respect to the US Federal Reserve’s latest monetary decision. This is…
Finance
U.S. markets, the Federal Reserve, and the decisions that move money.
Finance
BOJ governor hints at nearing rate increase, cites wage growth as critical factor
This comes as Bank of Japan Governor Kazuo Ueda has made his strongest indication yet that interest rate hikes could come as…
Finance
Bank of China posts 5% Q3 profit growth despite margin pressure and steady bad-loan ratio
The fourth largest state-owned bank in China has recorded positive results in the third quarter that beat market expectations. Bank of China…
Finance
Asian stocks notch new highs as softer dollar shifts focus to Fed policy outlook
Asian stock markets are experiencing a remarkable surge this week, with several regional indices climbing to fresh record highs. The dollar's unexpected…
Finance
BNP Paribas profits hit as loan defaults rise and client sentiment weakens
The biggest bank in France has just issued a wake-up call that no one expected in the current quarter. The bank, BNP…
Finance
IMF cautions Europe’s debt could reach 130% of GDP by 2040 without faster fiscal reform
Europe's facing a financial reckoning that could make the 2010 debt crisis look like a warm-up act. The International Monetary Fund (IMF)…
Finance
Dutch online bank Bunq secures U.S. broker-dealer license to expand market access
Bunq, a digital bank from the Netherlands, is now available to enter the United States market after obtaining a U.S. broker-dealer license.…
Finance
Slovakia signals backing for upcoming EU sanctions package targeting Russia
Well, here’s something I did not see coming this week. Slovakia – that’s right; it’s the same country that’s been throwing roadblocks…
Finance
EU pledges two more years of financial support for Ukraine, plans to tap frozen Russian assets
Through 2026-2027, the European Union (EU) plans to continue providing support to Ukraine, addressing issues of support for the war and support…
Finance
ECB survey reveals surprise tightening of business lending across eurozone banks
European Central Bank (ECB) data has delivered an unexpected jolt to financial markets and policymakers alike. The latest quarterly bank lending survey…
Finance
ASEAN and China finalize upgraded trade pact centered on digital and green growth
To boost integration and growth within the region's economy, China and ASEAN have signed a new version of the free trade agreement,…
Finance
Eurozone business lending weakens while household borrowing gains pace
Europe's financial situation is changing radically. The latest data from the ECB provides a surprising reversal in the lending trend in the…