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IMF says Maldives monetary conditions remain accommodative

An International Monetary Fund (IMF) mission, led by Ms. Alison Stuart, visited Malé for the 2014 Article IV Consultations-a periodic surveillance that the IMF undertakes with its member countries to exchange views on key economic challenges and discuss possible policy alternatives. At the conclusion of the visit, Ms. Stuart said [...]

RBA upbeat on outlook for China resource demand

SYDNEY: Chinese demand for Australian resources is likely to stay strong over the long run as the Asian giant continues to urbanise and mature into a consumer- led economy, a top central banker said on Friday. The Reserve Bank of Australia’s (RBA) head of economic research, Alexandra Heath, acknowledged that [...]

Fitch publishes peer review of large Chilean banks

Following the completion of a peer review of Chile’s four largest banks, Fitch Ratings has affirmed the banks’ ratings and published a special report summarizing the actions. The banks covered in Fitch’s peer review together represente 63.5% of total lending in Chile by Sept. 30, 2014. Their assets of between [...]

RBS fined $88 million by UK regulators for IT failures

LONDON: Royal Bank of Scotland Group Plc was fined 56 million pounds ($88 million) by British regulators for the 2012 collapse of its computer system that left millions of customers without access to their accounts for weeks. Britain’s largest taxpayer-owned bank will pay the Financial Conduct Authority 42 million pounds [...]