Thursday, July 18, 2019

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...

European central banks work on digital currencies

FRANKFURT: The Swedish Central Bank and the Bank of England carry out researches on whether they should start issuing Central Bank Digital Cash (CBDC)...

Europe needs to find candidate to head IMF: France

FRANKFURT: European finance ministers need to find a compromise candidate to replace Christine Lagarde as the head of the International Monetary Fund, French Finance...

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...

EU’s top banks still far from crisis-proof, regulator warns

BRUSSELS: The EU's top banks ought to keep more money in reserve, making them less profitable, in order to prevent another 2008-type crisis, Europe's...

Europe rallies as bond yields plough new lows

LONDON: Action on world markets focused on bonds on Wednesday, with a fresh slide in benchmark debt yields on simmering global trade war and...

Xiaomi eyes youth with new smartphones

BEIJING: Chinese smartphone vendor Xiaomi Corp has unveiled new smartphones to attract younger generations with what it called an "exceptional" photography experience. The models, named...

Hong Kong and Taiwan preview China’s future

Joseph Bosco The people of Hong Kong have demonstrated dramatically — and until Monday, nonviolently — that they reject Beijing’s heavy-handed tactics in eroding the...

Russia’s largest bank let down by central bank-backed blockchain

MOSCOW: Masterchain, the bank blockchain project developed under the auspices of the Russian central bank, is missing the mark, the project’s key participant told...

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%...

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