Browsing Category
Banks
Fitch Ratings: Kuwait banks benefit from surge in M&A
Kuwaiti banks are gaining from a rise in mergers and acquisitions (M&A), which Fitch Ratings views as a…
Switzerland launches instant payments
Switzerland introduced instant payments on August 20, 2024, with around 60 financial institutions now able to…
Egypt economy: External debt falls by 2.5% in July-March of FY 23/24
Egypt's external debt decreased by approximately $4.1 billion, or 2.5 per cent, to $160.6 billion in the July-March…
Egypt economy: Expats remittances hit $14.5b in 9m – CBE
Remittances from Egyptian working abroad experienced a 17.1 per cent decline to reach $14.5 billion during the…
Egypt economy: BoP surplus hits $4.1b in July-March of FY 23/24
Egypt's balance of payments (BoP) surplus surged to $4.1 billion during the July-March period of the 2023/2024…
WB raises $6.5b in record sustainable bond deal
The World Bank has raised $6.5 billion through a dual-tranche Sustainable Development Bond transaction, marking its…
China’s PBC injects 258b yuan to boost liquidity
People’s Bank of China (PBC) announced on Wednesday seven-day 258 billion-yuan reverse repo at an interest rate of…
Australia’s c. bank under pressure to ease rates
Australia's central bank is under pressure to ease its monetary policy soon as government relief measures lower…
China, H. Kong add 10 firms to wealth connect scheme
China and Hong Kong plan to expand a pilot wealth scheme that enables residents to invest cross-border by including…
RBI’s chief urges banks to monitor credit-deposit gap
Indian banks must closely monitor the gap between credit and deposit growth to prevent a potential liquidity…
