Chairman of Pakistan National Assembly’s Standing Committee on Finance, Revenue and Economic Affairs, Asad Umar, on Wednesday welcomed the proposal made on the establishment of a joint Iran-Pakistan bank.
Deutsche Bank is planning to overhaul its trading operations by creating a ‘bad bank’ to hold tens of billions of euros of assets and shrinking or shutting its US equity and trading businesses, the Financial Times reported on Sunday.
Economic initiatives undertaken by the Japanese government and aggressive easing policies from the country’s central bank have injected new growth momentum into the economy. According to a senior banking executive, however, that’s come with some negative consequences.
Britain’s economy is likely to see slow growth through the middle of this year before picking up towards the end of 2019, Bank of England (BoE) Deputy Governor Dave Ramsden said in an interview published on Saturday.
The Bank of Canada (BoC) is done raising interest rates until at least the end of next year, with a serious risk of a cut by then as policymakers become more wary of slowing growth and global trade tensions, a Reuters poll showed on Friday.
India’s central bank will probably conduct at least one more swap of rupees for dollars after the general election, said three officials with direct knowledge of the plan, part of an effort to support economic growth.
Malaysia’s national carmaker Proton has secured 1.88 billion ringgit ($455.10 million) in banking facilities from China Construction Bank to fund expansion around the region, it said in a statement late Friday.
China’s central bank extended ¥267.4 billion ($39.8 billion) to some commercial banks on Wednesday via its targeted medium-term lending facility (TMLF) as it looks to provide struggling smaller business with a steady stream of affordable financing.
Indonesia’s central bank will keep interest rates on hold on Thursday, a Reuters poll showed, though some economists say a rate cut to bolster economic growth is coming — and one sees a possible trim next month.
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.
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.
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.