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Deputy governor: Australia central bank still seeking solution to policy puzzle
Australia’s central bank is keeping a close eye on how the divergence between a seemingly slowing economy and a strong labor market resolves itself to help determine where policy rates are headed, a senior official said on Wednesday.
Labour considers house price inflation target for Bank of England
The Bank of England could be set a target for house price inflation under plans being explored by the Labour party, with tougher powers to restrict mortgage lending to close the gap between property prices and average incomes.
ECB will reportedly ask Deutsche Bank to raise fresh funds for merger
The European Central Bank (ECB) will ask Deutsche Bank to raise fresh funds before it gives the go-ahead for a merger with a state-backed rival, a person with direct knowledge of the matter said.
India’s IDBI Bank ‘receives nod’ to handle Iran trade deals
The IDBI Bank received the Indian government’s nod to handle import and export transactions with Iran, a move which would help in promoting two-way trade amid US sanctions on the Persian Gulf country, industry sources said.
one year after India's biggest bank fraud, PNB on road for annual profit
One year after being hit by a $2-billion scam, India’s Punjab National Bank (PNB) is set to return to annual profits and strong loan growth in fiscal 2020 even as investigations continue into the country’s biggest banking fraud.
Central bank official: Bank lending for 'real economy' key to boost China growth
China should encourage its banks to support smaller, private firms in the real economy, rather than forced lending or policies such as quantitative easing, a state newspaper quoted a central bank official as saying on Saturday.
India central bank seen changing stance, inching toward rate cut
The Reserve Bank of India (RBI) is likely to change its monetary policy stance to ‘neutral’ from ‘calibrated tightening’ on Thursday and move closer to a rate cut in April as inflation stays below the central bank’s four percent target.
Japan banks to resume Iran oil transactions
Major Japanese banks are set to resume Iranian oil transactions after receiving final regulatory clearance, paving the way for the country's refiners to begin loadings as early as this month, sources with direct knowledge of the matter told S&P Global Platts Tuesday.
Danish Danske Bank says may be investigated again in France
Danske Bank (DANSKE.CO), which is embroiled in a major money laundering case linked to its Estonian branch, may come under formal investigation for a second time in France, it said on Friday.
Central bank adviser says China should defend currency at seven yuan per dollar
China should not allow the yuan to fall below seven per dollar or attempts to stabilize the currency will become more costly on the country’s foreign exchange reserves, Sheng Songcheng, an adviser to the People’s Bank of China, said on Saturday.
Official: Major European bank keen on resuming Iran cooperation
Iran’s Bank Saman's CEO Seyyed Ahmad Taheri Behbahani said Sunday that the country has held several sessions with a major European bank during which the bank has voiced its readiness to resume cooperation with Iran in the face of US sanctions.
Foreign banks can set up branches in Iran with €5m in capital
The Central Bank of Iran (CBI) announced that foreign banks can apply for a license to establish their branches in Iran with at least €5 million in capital.
No Iranian bank accounts frozen in Oman
Iran-Oman Chamber of Commerce has dismissed the rumors circulating in the social media that some Iranian bank accounts have been blocked in Oman.
Europeans want Iran bank connected to world: French senator
European countries are seeking to ensure at least one Iranian bank stays connected to the world after the US reimposed sanctions against the country, a French senator said in Tehran.
World Bank: Nearly half the world lives on less than $5.50 a day
Despite progress in reducing extreme poverty, nearly half the world's population lives on less than $5.50 a day, with a rising share of the poor in wealthier economies, the World Bank said Wednesday.

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