Saturday, April 4, 2020

Turkey to sell asset-backed securities to improve banks’ liquidity

ISTANBUL: Turkish November inflation data on Monday showed that a decline in inflation had begun strongly and the downward trend will continue, Finance Minister...

China central bank opposes ‘currency manipulator’ label

BEIJING: China's banking system saw improved concentration with the asset proportion of five large state-owned banks in a reasonable range, the country's banking and...

Australia’s central bank cuts key interest rate to 1pc

CANBERRA: Australia’s central bank cut its benchmark interest rate by a quarter of a percentage point on Tuesday to a record low of 1%...

Trump weakens China’s currency, cries foul

Jon Healey The Dow Jones industrial average went on a 900-point freefall Monday after China allowed its currency, the yuan, to weaken beyond the seven-to-a-dollar...

Wrong Lady Liberty on stamp to cost US Postal Service $3.5M

A stamp that mistakenly featured the image of a Statue of Liberty replica in Las Vegas instead of the original New York Statue will...

ECB policymakers divided on stimulus options

SINTRA: European Central Bank policymakers were divided, with some feeling powerless, after President Mario Draghi hinted at new stimulus measures that had yet to...

Why cryptocurrencies are facing an uncertain future

The cryptocurrency industry's leader, Bitcoin, has been on an upward journey this year, gaining a massive 188.62 per cent year-to-date. But the road looks...

Despite recovery, Italy’s bank problems still unsolved

ROME: Italian banks are now in a much healthier position to absorb potential losses with larger capital buffers. However, more recently and on top of...

Tesla starts hiring for new $2 billion Shanghai plant

BEIJING: Tesla Inc has started hiring for a new factory in Shanghai, according to job postings on its website, just a month after the...

BNY Mellon launches FX Options

NEW YORK: BNY Mellon is now live with foreign exchange options, enabling clients to better hedge currency exposure and express their views on the...

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