Banks Bank of England holds rates at 5.25% Nada Ali May 9, 2024 0 The Bank of England's Monetary Policy Committee (MPC) opted on Thursday to maintain the benchmark interest rate at…
Featured Spain’s BBVA launches €12.23b hostile bid for Sabadell Nada Ali May 9, 2024 0 Spanish bank BBVA launched a hostile takeover bid for Sabadell, offering 12.23 billion euros ($13.1 billion) in an…
Tech news China’s BYD eyes 2nd Euro. EV plant by ’25 Nada Ali May 9, 2024 0 Chinese EV leader BYD is planning to expand further in Europe, with intentions to establish a second assembly plant…
Featured Turkey’s c. bank stops currency support Aya Anwar May 9, 2024 0 Turkey's central bank has discontinued another measure aimed at supporting the lira, a move that has faced…
International News China in advanced talks to join Digital Economy Partnership Agreement Nada Ali May 9, 2024 0 China's accession to the Digital Economy Partnership Agreement (DEPA) appears closer than ever.
Featured Turkey central bank raises inflation forecast to 38% Aya Anwar May 9, 2024 0 Turkey central bank raised its year-end inflation forecast to 38 per cent up from 36 per cent, signalling readiness…
Financial Institutions IMF approves $1,15m loan to Bangladesh Nada Ali May 9, 2024 0 The International Monetary Fund (IMF) announced a staff-level agreement to provide Bangladesh with $1,15 million.
Banks Malaysia holds rates steady at 3.0% – BNM Nada Ali May 9, 2024 0 Malaysia's central bank, Bank Negara Malaysia (BNM), kept its benchmark interest rate unchanged at 3.0 per cent.
Industry & Trade China’s foreign trade expands 5.7% in 4-months – GAC Nada Ali May 9, 2024 0 China's total trade in goods grew at a solid pace in the first four months of 2024, reaching 5.7 per cent…
Egypt News Egypt’s gold prices drop on Thursday Nada Ali May 9, 2024 0 Egypt's gold prices saw a modest decline on Thursday at 11:55 pm compared to May 8th, with the average price across…