LONDON — The Bank of England kept its main interest rate unchanged on Thursday at the 15-year high of 5.25% and indicated that borrowing costs will likely remain at these sort of elevated levels for a while, especially if oil and gas prices increase sharply because of the Israel-Hamas war. In a statement, the bank’s … Read more
The Malaysian government has questioned a move by Goldman Sachs to file for arbitration in a dispute connected with the multibillion-dollar looting of a sovereign wealth fund ByThe Associated Press October 12, 2023, 4:45 AM FILE – In this Wednesday, July 8, 2015 photo, a 1MDB (1 Malaysia Development Berhad) logo is set against the … Read more
Shares in the troubled British lender Metro Bank have bounced back by a third on reports that it has been sounding out bigger rivals to buy a chunk of its assets FILE – A potential customer walks into the first branch of the new British high street bank, the Metro Bank, in London, on July … Read more
TOKYO — Business sentiment among big Japanese manufacturers improved in July-September for the second straight quarter, according to a central bank survey released Monday. The Bank of Japan’s “tankan” quarterly survey measured business sentiment among major manufacturers at plus 9, up from plus 5 in June. Sentiment among major non-manufacturers rose four points to plus … Read more
FRANKFURT, Germany — The head of the European Central Bank said Monday that interest rates will stay high enough to restrict business activity for “as long as necessary” to beat back inflation. Still, she sympathized with homeowners who have seen their mortgage payments jump. Christine Lagarde said rates would stay high because upward pressure on … Read more
LONDON — The Russian ruble on Monday reached its lowest worth for the reason that early weeks of the conflict in Ukraine as Moscow will increase navy spending and Western sanctions weigh on its vitality exports. It led Russia’s central financial institution to announce an emergency assembly for Tuesday to evaluation its key rate of … Read more
ROME — Italian financial institution shares plunged Tuesday after the Cupboard accepted a proposal to use a 40% tax on some financial institution earnings this 12 months to assist customers and companies deal with increased borrowing prices. Transport Minister Matteo Salvini introduced the tax at a Monday night information convention, saying it was a measure … Read more
Sri Lanka’s Central Financial institution has diminished its rates of interest for the primary time because the island nation declared chapter final 12 months ByKRISHAN FRANCIS Related Press FILE- Road hawkers open up their enterprise for the day at a market place in Colombo, Sri Lanka, Nov. 14, 2022. The Central Financial institution of Sri … Read more
TOKYO — Japanese know-how investor SoftBank Group reported Thursday a lack of 970 billion yen ($7 billion) for the fiscal 12 months that simply ended — the second 12 months in a row of purple ink. Tokyo-based SoftBank Group Corp. racked up a 1.7-trillion-yen ($13-billion) loss the earlier fiscal 12 months. The most recent outcomes … Read more