NEW YORK - US Treasuries prices rose on Friday, with benchmark yields on track to fall for a fourth straight session after U.S. producer price data signaled underlying inflation remains muted due to sluggish demand.
NEW YORK - US Treasuries prices rose on Friday, with benchmark yields on track to fall for a fourth straight session after U.S. producer price data signaled underlying inflation remains muted due to sluggish demand.
Gulf States and Asia are leading the growth in Islamic finance, which is being considered most credible alternative to conventional banking in the wake of global financial crisis, a senior banker said.
Financial experts discussed current trend and put spotlight on the future of Islamic retail banking in Gulf countries and across the globe in Dubai on Tuesday.
US bank regulators are set to vote on a plan requiring banks with more than $10 billion in assets to conduct annual stress tests to determine if they can withstand a financial shock.
FRANKFURT, German — European Central Bank President Mario Draghi is urging eurozone leaders to move ahead quickly and put the ECB in charge of supervising banks — a key step in overcoming the continent’s crisis over too much government debt.
KeyBS, leading technology provider and member of Arabi Holding Group, in association with New Frontier Group from Austria, launched on Monday its cutting-edge iBanking solution at the Middle East Banking Innovation Summit 2012 in Dubai,.
Representatives from various sectors involved in banking are scheduled to convene at the World Islamic Retail Banking Conference on October 9-10 in Dubai, to tackle one of the fastest growing banking sectors in the Mena region rivalling its conventional counterpart.
Russia’s central bank voted Friday against a second hike in borrowing costs in three weeks, while leaving room for a future increase to temper inflation amid recent spikes in the price of food.
British government bonds edged lower on Thursday as markets awaited the European Central Bank’s monthly news conference, after the Bank of England’s policy meeting and a Spanish bond sale passed uneventfully.
FRANKFURT, Germany — The European Central Bank has left its key interest rate unchanged at a record low of 0.75 percent, holding off on providing further stimulus to the lagging economies of the 17 countries that use the euro currency.