banking

BOJ inflation target to be scrutinised at government forum

November 15, 2022

A government-affiliated think tank will host a forum next month to discuss the Bank of Japan's 2% inflation target and the 'challenges ahead',......

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China plan to restore sector liquidity boosts property stocks, bonds

November 14, 2022

Hong Kong, Nov. 14 (BNA): Chinese property stocks and bonds soared on Monday as the market cheered an extensive package outlined by Chinese regulators......

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How Fed rate hike will impact UAE consumers’ savings, mortgages, credit cards

November 5, 2022

The US Federal Reserve’s decision to hike interest rates will add financial burden to consumers in the UAE who are already battling with rising......

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Arm Announces the Appointment of Tony Fadell to the Board of Directors

November 3, 2022

Arm today announced the appointment of Tony Fadell, Build Collective Principal, to its Board. Mr. Fadell brings decades of experience with the Arm......

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ECB raises interest rates by 0.75%

October 28, 2022

The European Central Bank (ECB) today raised its three key interest rates by 75 bp, or 0.75%, building on its last rate rise in September, which......

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Brazil’s central bank holds 13.75% interest rate amid ‘high’ inflation

October 27, 2022

Brasília – Brazil’s central bank held its benchmark interest rate at 13.75% on Wednesday, remarking that inflation “remains......

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World Bank projects energy prices to decline 11% in 2023 after 60% jump in 2022

October 27, 2022

WASHINGTON - The World Bank on Wednesday said it expects energy prices to decline by 11% in 2023 after this year's 60% surge following Russia's......

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Britain's banks brace for potential government raid on profits -FT

October 20, 2022

British banks are bracing for a potential raid on their profits as the government seeks out new sources of cash to shore up its finances, according......

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Irish central bank eases strict mortgage-lending limits

October 20, 2022

Ireland's central bank is to ease mortgage-lending limits to allow first-time property buyers to borrow up to four times their income, in a move......

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LuLu Exchange launches its open banking service platform: partners with Wio Bank for account deposits

October 10, 2022

In a gamechanger of sorts, LuLu Financial Group – one of UAE’s leading financial services company, has joined hands with Wio Bank –......

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