Business & Finance - Banking & Finance

Greek private sector bank deposits up in April for third month in a row

Greek private sector bank deposits up in April for third month in a row

Athens exited its latest bailout in August 2018 and now relies on bond markets to refinance its debt. Business and household deposits increased to...

Fed’s Powell to speak as focus turns from crisis to bond-buying

Fed’s Powell to speak as focus turns from crisis to bond-buying

Global investors have been doing the Fed's work so far, bidding down US Treasury yields to record-low levels - the yield on the benchmark...

World Bank lends Philippines $500mn to counter virus impact

World Bank lends Philippines $500mn to counter virus impact

The COVID-19 pandemic has badly hurt millions of poor and vulnerable Filipino families. The World Bank last month approved two sets of loans totalling...

Canada’s CIBC lost $64 million in a day on paper in gold market turmoil

Canada’s CIBC lost $64 million in a day on paper in gold market turmoil

CIBC is not alone in being caught out when the coronavirus outbreak interrupted gold supply routes and gold futures prices in New York shot...

China-backed AIIB approves $750 million loan for Philippines’ COVID-19 response

China-backed AIIB approves $750 million loan for Philippines’ COVID-19 response

Over one million small enterprises will also benefit from wage subsidies as part of the project, it said. BEIJING: Beijing-backed Asian Infrastructure Investment Bank (AIIB)...

U.S. judge orders 15 banks to face big investors’ currency rigging lawsuit

U.S. judge orders 15 banks to face big investors’ currency rigging lawsuit

The banks countered that the plaintiffs pointed to no transactions where the alleged manipulation caused losses. NEW YORK: A U.S. judge on Thursday said institutional...

External funding to Brazil beginning to normalize

External funding to Brazil beginning to normalize

Serra, in a presentation released on Thursday, said central bank intervention on forex worked well and said the goal has always been to assure...

S.Korea central bank cuts rates to record low as pandemic hits economy

S.Korea central bank cuts rates to record low as pandemic hits economy

The Bank of Korea's board voted to cut the base rate by 25 basis points to 0.50%, the lowest since the bank adopted the...

Indonesia central bank sees rupiah returning to pre-pandemic level

Indonesia central bank sees rupiah returning to pre-pandemic level

The rupiah, which weakened to the lowest since 1998, in March amid massive capital outflows due to the pandemic, has been relatively steady this...

Hungarian central bank deputy governor Nagy unexpectedly resigns

Hungarian central bank deputy governor Nagy unexpectedly resigns

The central bank did not specify the position he was taking and a spokesman for the bank declined further comment. He will be temporarily...

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