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Banks
Egypt’s external debt drops to $160.6b in Q3 of ’23-’24
Egypt's external debt decreased to $160.6 billion by the end of the third quarter of the 2023/2024 fiscal year.
BOJ may raise rates to 0.5% by March ’25 – Mizuho Bank CEO
The Bank of Japan (BOJ) may raise interest rates twice by March, reaching 0.5 percent, according to Mizuho…
ECB’s Muller urges caution on potential year-end rate cut
The European Central Bank (ECB) may potentially lower borrowing costs again before the year's end, albeit…
China’s PBC adds $280.5m liquidity via reverse repos
The People’s Bank of China (PBC) has injected $280.5 million into the banking system through seven-day reverse…
Next rate cut looms – ECB’s Wunsch
The European Central Bank (ECB) is contemplating its next interest rate cut, a decision that is expected to be…
UBS completes merger with Credit Suisse’s Swiss unit
Swiss bank UBS announced on Monday the completion of its merger with Credit Suisse's domestic operations.
Chinese bank cuts main office salaries as economy slows
China Construction Bank Corp (CCB), the country's second-largest lender, is cutting salaries at its headquarters.
Bahamas mandates banks to adopt CBDC
The Bahamas, the first country to issue a central bank digital currency (CBDC), is drafting regulations to mandate…
Egypt’s CBE offers EGP 8b in fixed coupon t-bonds
The Central Bank of Egypt (CBE) on Monday offered fixed-rate treasury bonds (t-bonds) worth eight million Egyptian…
Japan’s downgraded growth complicates rate hike path
Japan's first-quarter GDP was downgraded on Monday, and the service-sector business sentiment worsened in June due…
