Eurozone banks still behind on provisions standards – ECB’s Buch
Many eurozone banks are still falling short of meeting new accounting standards on provisions, despite some strides…
UBS, Credit Suisse Swiss units merger expected by July 1
The merger of the Swiss units of UBS and Credit Suisse could be finalised as early as July 1, as reported by…
China’s railway investment surges 10.8% in Jan.-May
China is ramping up railway construction in 2024, with a 10.8 per cent year-on-year increase in fixed-asset…
Indian rupee steadies as RBI intervention limits volatility
The Indian rupee remained unchanged against the US dollar on Tuesday, trading at 83.4975 by 9:50 AM IST.
UK labour market sees cooling trend in April
The UK's labour market displayed further signs of cooling in April, despite witnessing another month of robust wage…
HSBC acquires China’s Citigroup’s consumer wealth portfolio
HSBC boosts its presence in mainland China by acquiring Citigroup's consumer wealth portfolio, adding over 300…
IMF praises Philippine economic resilience despite challenges
The International Monetary Fund (IMF) praised on Monday the Philippine economy’s resilience despite global…
Oil surges on Tuesday
Oil saw its largest surge since March, ahead of an impending OPEC+ report offering market insights.
Kenya seals IMF agreements
Kenya and the International Monetary Fund (IMF) have sealed a staff-level agreement on the seventh review of…
EGP gains on USD at Tuesday’s trading start
The Egyptian Pound (EGP) appreciated against the US Dollar (USD) at the beginning of trading on Tuesday, June 11,…
