Phil Foden hopes to cement his place in a central position after hauling Manchester City to within two points of Premier League leaders Liverpool on Monday Night Football. Foden hit a hat-trick as City came from behind to beat bogey team Brentford 3-1 and climb up to second in the Premier League. Victory in west … Read more
Newly appointed Governor of Turkish Central Bank, Fatih Karahan is seen in Ankara, Turkey on February 04, 2024. Emin Sansar | Anadolu | Getty Images Turkey’s newly appointed central bank governor, Fatih Karahan, has his work cut out for him, after being named to the job by presidential decree over the weekend following the sudden … Read more
ISTANBUL — Turkey has seen its fifth central bank leader depart in as many years as Hafize Gaye Erkan, the first woman in the top role, stepped down after just eight months in the job. She announced her resignation late Friday after recent claims of nepotism emerged in local media, allegations that Erkan, a former … Read more
SANTIAGO, Chile — Firefighters wrestled Sunday with massive forest fires that broke out in central Chile two days earlier, as officials extended curfews in cities most heavily affected by the blazes and said at least 112 people had been killed. The fires burned with the highest intensity around the city of Viña del Mar, where … Read more
ISTANBUL — The governor of Turkey’s central bank has resigned only months after taking office amid allegations of improper use of power and family interference in the workings of the financial institutions. Hafize Gaye Erkan who took over as central bank governor in June was the bank’s first female chief. She announced her resignation on … Read more
Shares of Paytm fell another 20% Friday before hitting the lower circuit that temporarily halts trading as the Indian financial services firm reels from the clampdown by the central bank. Paytm fell to 487 Indian rupees, or $5.88 within minutes of the market opening, the lowest it has hit in 55 weeks. Paytm shares also … Read more
Paytm said Thursday that it will cease work with its associate Paytm Payments Bank and accelerate plans to partner with other banks, after India’s central bank barred Paytm Payments Bank from conducting nearly all of its business activities due to supervisory concerns. The Noida-based financial services firm said it expects its loan distribution, insurance distribution … Read more
The Reserve Bank of India issued new curbs against Paytm’s Payments Bank, which processes transactions for financial services giant Paytm, barring it from offering many banking services including accepting deposits, credit transactions, top-ups in customer accounts, prepaid instruments and wallets after February 29. Wednesday’s move follows the Indian central bank ordering Paytm Payments Bank to … Read more
The Merlion statue in Singapore, on Tuesday, Jan. 3, 2023. Photographer: Lionel Ng/Bloomberg via Getty Images Lionel Ng | Bloomberg | Getty Images Singapore’s central bank left its policy unchanged on Monday in its first quarterly monetary policy decision of 2024, as expected. The Monetary Authority of Singapore said it will also maintain its exchange … Read more
FRANKFURT, Germany — European Central Bank President Christine Lagarde will likely push back Thursday against expectations for quick interest rate cuts even as Europe’s economy sputters and financial markets froth in hopes of cheaper credit that would boost business activity and stock prices. She will likely underline that the bank needs to see more proof … Read more