Finance Banks

  • MONDAY, AUGUST 20 KINGSPORT, Tennessee- Federal Reserve Bank of Atlanta President Raphael Bostic speaks on the economic outlook before a fireside chat of the Johnson City, Kingsport, and Bristol Chamber of Commerce- 1500 GMT. FRANKFURT- Bank of Canada Senior Deputy Governor Carolyn Wilkins participates in panel discussion at Central Bank Research...

  • **MANILA, Philippines- Philippines central bank Governor Nestor Espenilla Jr. at an economic forum 0130 GMT. **JOHANNESBURG, South Africa- South African Reserve Bank Governor Lesetja Kganyago addresses learners- 1030 GMT BOGOTA- Colombia's new president Ivan Duque, as well as members of his cabinet, central bank board members and business leaders will attend a...

  • BUENOS AIRES, Aug 16- Argentina's central bank said on Thursday it hiked reserve requirements by 3 percentage points for the country's largest banks, as it tries to keep its plan for reducing short-term debt from adding to already high inflation. Separately, the central bank has agreed to a $4 billion currency swap with China to boost its reserves, local news...

  • BUENOS AIRES, Aug 16- Argentina's central bank said on Thursday it hiked reserve requirements by 3 percentage points for the country's largest banks as it tries to keep its plan for reducing short-term debt from adding to already high inflation. Separately, the central bank has agreed to a $4 billion currency swap with China to boost its reserves, local news...

  • LONDON, Aug 16- Finance Minister Berat Albayrak said on Thursday Turkey won't hesitate to provide support to the banking sector, which was capable of managing current volatility, and there has not been major deposit flow from banks lately.

  • LONDON, Aug 16- Swept along by super-easy money, investors have debated for years how world markets will react when this central bank largesse inevitably ends. Federal Reserve, European Central Bank, Bank of Japan and the Bank of England- have pumped around $13 trillion into the global economy since the crisis year of 2009, sharply expanding their own balance...

  • ACCRA, Aug 16- The currencies of Ghana, Zambia and Uganda are likely to trade on the back foot in the coming week but those of Nigeria and Kenya may hold steady. Ghana's cedi could remain under pressure as the dollar strengthens and risk-averse investors pull out from emerging market assets, analysts said. At 1142 GMT on Thursday, commercial banks quoted the...

  • SHANGHAI, Aug 16- China has banned banks in its ground-breaking free trade zones from certain lending activities to ease pressure on the yuan currency in offshore markets, two sources with direct knowledge of the matter said on Thursday. The move comes as nervous global financial markets wait to see how much further China will allow the yuan to fall, after it...

  • People check currency exchange rates at a currency exchange office on August 11, 2018 in Istanbul. 

    With no sign of de-escalation in its tariff spat with the U.S. and the absence of a comprehensive plan to address key economic weaknesses, risk remains extremely high. And Qatar's $15 billion investment package may be a mere band-aid. 

  • TEL AVIV, Aug 16- Israel's largest lender Bank Hapoalim reported higher quarterly net profit that topped estimates, but put its second quarter dividend on hold for now due to a U.S. tax evasion investigation. "Yet, for reasons of conservatism and in coordination with the Bank of Israel, the board of directors did not declare a distribution of dividend from second...

  • SHANGHAI, Aug 16- China's central bank has restricted commercial banks from using some interbank accounts to deposit or lend yuan offshore through free trade zone schemes, two sources with direct knowledge of the matter said on Thursday. The move was announced in a notice by the Shanghai branch of the People's Bank of China on Thursday morning, the sources said.

  • *Japan has little monetary, fiscal tools to fight recession. TOKYO, Aug 16- The Bank of Japan may allow long-term interest rates to creep up to around 0.4 percent under new guidance introduced last month, which lays the groundwork for "stealth" rate hikes, the central bank's former executive Hideo Hayakawa said on Thursday. BOJ Governor Haruhiko Kuroda said...

  • MONDAY, AUGUST 20 KINGSPORT, Tennessee- Federal Reserve Bank of Atlanta President Raphael Bostic speaks on the economic outlook before a fireside chat of the Johnson City, Kingsport, and Bristol Chamber of Commerce- 1500 GMT. FRANKFURT- Bank of Canada Senior Deputy Governor Carolyn Wilkins participates in panel discussion at Central Bank Research...

  • INDONESIA- The central bank has stepped up its battle to defend a beleaguered currency, raising interest rates for the fourth time since mid-May on Aug. 15 as Turkey's financial crisis ripples across emerging markets. ARGENTINA- The central bank ramped up its benchmark interest rate to 45 percent from 40 percent on Aug. 13 after the peso currency tumbled in...

  • INDONESIA- The central bank has stepped up its battle to defend a beleaguered currency, raising interest rates for the fourth time since mid-May on Aug. 15 as Turkey's financial crisis ripples across emerging markets. ARGENTINA- The central bank ramped up its benchmark interest rate to 45 percent from 40 percent on Aug. 13 after the peso currency tumbled in...

  • Female cash money fro USbank's atm cash machine

    The FBI has warned banks in the U.S. of an impending cybercrime, a heist called an "ATM cash-out," in which thieves seek to swipe millions of dollars by using cloned ATM cards for fraudulent withdrawals, USA Today reports. 

  • WASHINGTON— President Recep Tayyip Erdogan is blaming the United States for Turkey's financial crisis, ignoring homegrown problems like high debts, raging inflation and his own erratic policies. Yet one of the threats facing Turkey and other emerging-market countries really is made-in-America: By ratcheting up U.S. interest rates, the Federal Reserve has—...

  • DUBAI, Aug 15- Trade Bank of Iraq has put on hold plans to buy a commercial bank in Turkey because of the plunge in the Turkish lira, its chairman told Reuters in an interview. It is keen to expand its footprint in Turkey, Iraq's largest trading partner, Faisal al-Haimus said. "Turkey is a very important market for Iraq and we want to study the situation before entering...

  • Ripple coins

    China is "definitely a target" for Ripple, Jeremy Light, the firm's VP of EU strategic accounts, told CNBC.

  • *C.bank wary of Turkey contagion risk, says economy is resilient. JAKARTA, Aug 15- Indonesia's central bank on Wednesday raised its benchmark interest rate for the fourth time since mid-May, unleashing new firepower to defend a rupiah currency under renewed pressure as Turkey's financial crisis ripples across emerging markets. The rupiah lost about 1 percent...

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