Australia’s central bank held interest rates steady at 3.50 percent for a third consecutive month Tuesday, saying domestic indicators were encouraging despite a weakening global outlook.
Australia’s central bank held interest rates steady at 3.50 percent for a third consecutive month Tuesday, saying domestic indicators were encouraging despite a weakening global outlook.
The new boss of British lender Barclays wants to shrink its investment bank division as he seeks to move on from rate-rigging and mis-selling scandals, he indicated in an interview published on Sunday.
Middle East merger and acquisition deals will probably rise in the next year as sovereign wealth funds look for ways to spend cash from oil sales and regional companies seek expansion, a Barclays Plc executive said.
The National Bank of Abu Dhabi, or NBAD, will continue to focus on organic growth to expand its operations in the regional and international markets, a senior official said.
LuLu International Exchange, one of the emerging remittance and foreign exchange companies, on Sunday celebrated its third anniversary across its UAE operations.
Emirates NBD Asset Management Limited, the asset management arm of Emirates NBD Bank, announced strong dividends to be distributed on its income range of funds for the first half of 2012, on Monday.
CAIRO - Egypt has formally requested a $4.8 billion loan from the International Monetary Fund, a spokesman for its president said on Wednesday during a visit to Cairo by IMF chief Christine Lagarde to discuss support for the country’s ailing economy.
BERLIN - Germany’s cabinet agreed on Wednesday to push ahead quickly with the introduction of stricter capital requirements for banks under international Basel III rules, despite the misgivings of German banks about how they will be implemented across Europe.
NEW YORK - U.S. Treasury debt prices climbed on Friday, taking back a portion of the week’s losses as investors turned to safe-haven assets after below-forecast Chinese trade data fueled worries about a slowdown in global economic growth.
Pakistan’s central bank on Friday cut its benchmark interest rate from 12 percent to 10.5 percent as it looks to encourage private sector investment.