Sunday, September 20, 2020

Turkey fires central bank governor as differences deepen

ISTANBUL: Turkey has fired its central bank governor and replaced him with the bank’s deputy governor, a presidential decree published on the official gazette...

Turkish banks’ ability to extend debt is key in crisis

ANKARA: Investors are watching closely to see whether Turkish banks will maintain access to the foreign funding they need to keep economic activity humming,...

Some banks want the rich to pay to deposit money

Bogoda: Banks in Denmark and Switzerland announced new fees for wealthy clients with a lot of cash. Instead of earning interest, those savers will...

China’s central bank issues draft rules on financial holding companies

BEIJING: China’s central bank released a draft regulation on financial holding companies, as it seeks to contain the potential spread of risk from their...

Adopting central bank crypto to mean dropping cash: BoJ

TOKYO: An official at the Bank of Japan (BoJ) has ruled out the use of central bank digital currencies because to do so may...

SpaceX Christmas delivery arrives at space station

CAPE CANAVERAL, FLORIDA: A SpaceX delivery full of Christmas goodies arrived at the International Space Station, following a slight delay caused by a communication...

Mobile banking to overtake high street branch visits

LONDON: Mobile banking is set to be more popular than visiting a high street bank branch within two years, according to new forecasts, highlighting...

Bank stocks decline after Trump’s tariff threat

NEW YORK: Bank stocks fell sharply after President Trump’s latest tariff threat sent U.S. Treasury yields tumbling and raised new questions about the outlook...

T-Mobile, Sprint expected to extend deal date

NEW YORK: T-Mobile US Inc and Sprint Corp expect to extend a July 29 deadline to complete their $26-billion merger, according to two sources...

RBI Urjit Patel’s resignation reports baseless

New Delhi: Amidst the alleged ongoing rift between the government and RBI, sources have said that RBI Governor Urjit Patel will not quit from...

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