banking
BNP Paribas says to sharply cut oil production financing
January 25, 2023
Paris – French bank BNP Paribas said Tuesday it plans to cut its financing of oil extraction and production by 80 percent by 2030. The pledge......
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Bank of Israel raises key rate, seeks fiscal restraint from new govt
January 3, 2023
The Bank of Israel raised its benchmark interest rate by half a point on Monday, and will likely continue its increases a bit more in coming months,......
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Japan central bank tweaks monetary policy, yen strengthens
December 20, 2022
Tokyo – Japan’s central bank tweaked its longstanding monetary easing programme on Tuesday, in a surprise move that saw the yen strengthen......
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BoE rates increase by 0.5% as temperatures plummet across UK
December 16, 2022
The Bank of England’s (BoE) has raised its base rate by 0.5% to 3.5% in a move likely to heap further pain on the country’s borrowers,......
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US Fed expected to slow pace of rate hikes as inflation eases
December 15, 2022
Washington – US central bankers open the second day of a key policy meeting Wednesday, with mounting anticipation of a smaller hike to its......
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HSBC bank says to stop funding new oil and gas fields
December 15, 2022
London – Banking giant HSBC on Wednesday said it would end financing for new oil and gas fields, a decision welcomed by environmentalists who......
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Dollar rises as inflation pressures persist; FOMC meeting in focus
December 12, 2022
Singapore, Dec. 12 (BNA): The dollar firmed after data showed producer prices in the United States rose more than expected last month, pointing to......
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Asian shares fall, dollar firms ahead of central bank rate hikes-
December 12, 2022
Sydney, Dec. 12 (BNA): Asian shares fell while the dollar drifted higher at the start of a hectic week, as markets awaited a flurry of rate decisions......
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Emirates Development Bank picks CBRE for UAE assets' sale
December 9, 2022
Global real estate advisor CBRE has been signed up by UAE’s Emirates Development Bank (EDB) to advise on the sale of its former office headquarters......
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UK pubs feel Christmas pressure as inflation bites
December 8, 2022
London – Inside the Mad Hatter pub in central London’s South Bank district, everything is ready: the big tree, the bright lights, the......
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