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Published on 04:48 GMTSource: Stockwatch - Label Pending
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Published on 00:25 GMT
Week Ahead for FX, Bonds : PMI Surveys, Asia Central Banks in Focus
By Jessica Fleetham and Fabiana Negrin Ochoa Below are the most important global events likely to affect FX and bond markets in the week starting May 20. Key data from the U.S., Europe and U.K. will share the stage with a raft of central bank decisions out …
Source: Market Screener - Neutral -
Published on May 19, 2024
Are central banks driving gold prices up despite ETF outflows?
At the beginning of April 2024, the gold market witnessed a significant uptick in prices, continuing a trend that underscores gold’s role as a hedge against inflation. This surge can be attributed to a combination of factors, including geopolitical …
Source: GoldSeek.com - Label Pending -
Published on 10:17 GMT
GCC banks expect healthy profits over delay in US interest rate cuts
A delay in US interest rate cuts means GCC banks can expect healthy profits throughout 2024, according to S&P Global Ratings. The delay stems from the US Federal Reserve’s wait for signs of slowing inflation. While a rate cut is still on the cards, it’ …
Source: Zawya - Uncategorized -
Published on 05:12 GMT
Central Bank Warns of Potential Economic Challenges Amid Global Uncertainty
By zainab.joaque@awokonewspaper.sl Freetown, SIERRA LEONE – The Central Bank’s recent analysis underscores the potential impact of high global uncertainty on domestic economic activity in 2024. Highlighting the challenging economic landscape in China, …
Source: Awoko Newspaper - Label Pending -
Published on 05:12 GMT
Commercial Banks Surpass IMF Targets in Private Sector Credit Expansion
By zainab.joaque@awokonewspaper.sl Freetown, SIERRA LEONE – In a significant economic development, commercial banks have outpaced the International Monetary Fund’s (IMF) projections for private sector credit expansion, surpassing the targets set for 2023. …
Source: Awoko Newspaper - Label Pending -
Published on 05:12 GMT
Decline in Commercial Banks’ Lending and Saving Rates Mark 2023 4th Quarter’s End
By zainab.joaque@awokonewspaper.sl Freetown, SIERRA LEONE – Recent data from the Central Bank indicates a noteworthy shift in the dynamics of lending and saving rates among commercial banks during the final quarter of 2023. According to the report, the …
Source: Awoko Newspaper - Label Pending -
Published on 07:51 GMT
UAE banks set to achieve strong results despite likely rates cut
Banks in the UAE will continue to achieve strong results during this year, supported by prevailing high interest rates despite an expected trend of reduction, rating agencies said. Dr. Mohamed Damak, a financial institution ratings analyst at S&P …
Source: Zawya - Uncategorized -
Published on 08:07 GMT
Islamic Organization for Food Security Proposes Cooperation Areas with Central Asia
The Islamic Organization for Food Security offers the Central Asian countries several priority areas of cooperation, including attracting investments in agriculture and the creation of genetic banks. Ambassador Berik Aryn, Director General of IOFS outlined …
Source: News Central Asia - Label Pending -
Published on 05:14 GMT
Illiquidity: Banks borrow N3.4tn from CBN to meet financial demands
As evidence of liquidity crunch in the financial system, Commercial and merchant banks rushed to the Central Bank of Nigeria’s (CBN) standing lending facility to raise a total sum of N3.4trillion last week. Financial system liquidity closed at ₦1.1trillion …
Source: Tribune Online - Center-right