banking

BNP Paribas says to sharply cut oil production financing

January 25, 2023

Paris – French bank BNP Paribas said Tuesday it plans to cut its financing of oil extraction and production by 80 percent by 2030. The pledge......

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Bank of Israel raises key rate, seeks fiscal restraint from new govt

January 3, 2023

The Bank of Israel raised its benchmark interest rate by half a point on Monday, and will likely continue its increases a bit more in coming months,......

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Japan central bank tweaks monetary policy, yen strengthens

December 20, 2022

Tokyo – Japan’s central bank tweaked its longstanding monetary easing programme on Tuesday, in a surprise move that saw the yen strengthen......

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BoE rates increase by 0.5% as temperatures plummet across UK

December 16, 2022

The Bank of England’s (BoE) has raised its base rate by 0.5% to 3.5% in a move likely to heap further pain on the country’s borrowers,......

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US Fed expected to slow pace of rate hikes as inflation eases

December 15, 2022

Washington – US central bankers open the second day of a key policy meeting Wednesday, with mounting anticipation of a smaller hike to its......

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HSBC bank says to stop funding new oil and gas fields

December 15, 2022

London – Banking giant HSBC on Wednesday said it would end financing for new oil and gas fields, a decision welcomed by environmentalists who......

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Dollar rises as inflation pressures persist; FOMC meeting in focus

December 12, 2022

Singapore, Dec. 12 (BNA): The dollar firmed after data showed producer prices in the United States rose more than expected last month, pointing to......

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Asian shares fall, dollar firms ahead of central bank rate hikes-

December 12, 2022

Sydney, Dec. 12 (BNA): Asian shares fell while the dollar drifted higher at the start of a hectic week, as markets awaited a flurry of rate decisions......

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Emirates Development Bank picks CBRE for UAE assets' sale

December 9, 2022

Global real estate advisor CBRE has been signed up by UAE’s Emirates Development Bank (EDB) to advise on the sale of its former office headquarters......

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UK pubs feel Christmas pressure as inflation bites

December 8, 2022

London – Inside the Mad Hatter pub in central London’s South Bank district, everything is ready: the big tree, the bright lights, the......

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