International News Finance
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January 24, 2023, Tuesday
Dollar hovers near nine-month low against euro as yen bounces
Elsewhere, the dollar fell 0.4% to 130.18 yen, breaking a two-day rally
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January 20, 2023, Friday
Dollar hovers around seven-month lows as economic storm clouds gather
Data on Friday showed Japan's core consumer prices in December rose 4.0% from a year earlier, double the central bank's 2% target
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January 18, 2023, Wednesday
Yen drops as BOJ sticks to ultra-easy policy, sterling hits one-month high
The dollar index, which measures the safe-haven dollar against six peers including the yen, fell 0.4% at 102.01
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January 16, 2023, Monday
Dollar steadies after hitting 7-month low against major peers; yen in focus
The Fed's aggressive rate increases were a main driver of the dollar index's 8% surge last year
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January 12, 2023, Thursday
Dollar falls to nearly nine-month low vs euro after U.S. inflation data
The dollar hit $1.0845 against the euro, its weakest versus the common currency since April 25 following the CPI report
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January 10, 2023, Tuesday
Dollar holds near seven-month lows as traders await inflation data
But Fed Chair Jerome Powell avoided speaking about rate hikes in a speech in Sweden on Tuesday
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January 06, 2023, Friday
Dollar holds near an almost one-month high on resilient US jobs market
The index was on track for a weekly gain of more than 1.8%, its largest since September
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January 05, 2023, Thursday
First Abu Dhabi Bank PJSC explored offer for Standard Chartered
A deal would create a bank with over $1 trn of assets; FAB has been assessing a deal for over 6 months
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January 05, 2023, Thursday
Dollar roughly flat in choppy trading after Fed minutes offer few surprises
The dollar surged in 2022 as the Fed hiked interest rates aggressively, luring investors towards higher-yielding US assets
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January 05, 2023, Thursday
China pauses massive chip investment to compete with United States
Top officials are discussing ways to move away from costly subsidies that have so far borne little fruit
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January 03, 2023, Tuesday
Inflation in Pakistan rose to 24.5% in Dec 2022 compared to 2021: Data
The CPI in December also witnessed a year-on-year rise from November as it went through an increase of 23.8 per cent in the ...
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December 22, 2022, Thursday
Some of the world's biggest economies hunting for alternatives to US dollar
Smaller nations, including at least a dozen in Asia, are also experimenting with de-dollarization. Corporates around the world ...
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December 16, 2022, Friday
UN may run out of food for Pakistan flood victims due to lack of funds
The UN World Food Programme will run out of funds to feed 2.7 million people by Jan. 15, Chris Kaye, the agency's representative ...
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December 10, 2022, Saturday
$115 billion thematic ETF boom unhindered despite mounting losses
Year-to-date, 53% of thematic funds are underwater since their inception. Launches in 2022 have slowed to 38 from the 77 seen in ...
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December 08, 2022, Thursday
Bank of Canada hikes policy interest rate by 50 basis points to 4.25%
The Bank of Canada has increased its benchmark interest rate by 50 basis points to 4.25 per cent
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November 28, 2022, Monday
Yemen's government signs $1 billion aid package with UAE-based fund
Yemen's internationally recognized government signed a deal with the Arab Monetary Fund on Sunday, state media said, paving the ...
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November 22, 2022, Tuesday
Credit Suisse lays off one-third of China-based investment bankers
Credit Suisse has laid off about one-third of its China-based investment banking team and nearly half of its research department
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November 18, 2022, Friday
Euro zone banks return nearly $308 billion in cheap ECB funding
The move is part of ECB efforts to fight record-high inflation in the euro zone by raising the cost of credit and it is its first ...
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November 15, 2022, Tuesday
SoftBank writes off $100 mn investment in bankrupt crypto exchange FTX
Beleaguered Japanese investment firm SoftBank invested the money as part of its Vision Fund 2 in FTX
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November 14, 2022, Monday
COP27: Climate talks head into final week; plenty of uncertainty left
Global climate talks in Egypt headed into their second half on Monday with plenty of uncertainty left over whether there will be ...
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January 23, 2023, Monday
Euro scales nine-month peak against US dollar as ECB hawks let fly
Investors also have around 50 basis points of U.S. rate cuts priced in for the second half of the year, reflecting softer data on ...
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January 19, 2023, Thursday
Japanese banks get home regulator's nod to settle all trades via CCIL
With this move, Japanese bank branches in India can now use CCIL and experience better operational flexibility and lower capital ...
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January 18, 2023, Wednesday
Goldman Sachs sees 69% drop in Q4 net profit on dealmaking slump
It also reported a pre-tax loss of $778 million in its platform solutions unit
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January 13, 2023, Friday
RBI open to non-bank arms route to end stalemate with ESMA: Report
The proposal came up in a meeting between RBI deputy governor T Rabi Sankar and senior officials from European banks
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January 12, 2023, Thursday
Yen jumps, dollar near 7-month low against euro ahead of US inflation data
"You could start to see the normalisation of monetary policy which would be a huge step for Japan (and) a very positive tailwind ...
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January 09, 2023, Monday
Dollar slips near 7-month low after US jobs data; labour market still tight
Fed fund futures now show investors believe the most likely outcome for the Fed's February meeting is for a 25-basis point ...
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January 06, 2023, Friday
Pakistan's forex reserves fall by $245 mn due to 'external debt repayment'
Net foreign reserves held by commercial banks came at $5.84 billion, the central bank said
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January 05, 2023, Thursday
Dollar jumps on strong US employment data; yen rebounds dramatically
The dollar was last up 0.65% against the euro at $1.0536, and up 0.91% against the Japanese yen at 133.81
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January 05, 2023, Thursday
JPMorgan to face lawsuit by unit of Ray-Ban maker over cyber theft
JPMorgan Chase Bank NA will have to face a lawsuit by a unit of the French maker of Ray-Ban glasses that claims the bank ignored ...
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January 04, 2023, Wednesday
Dollar falls as European inflation cools and China lifts the Aussie
A series of separate reports showed business-sector activity across the euro zone held up better than expected in December, ...
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December 22, 2022, Thursday
IRS policy mandatory presidential audit policy goes under spotlight
An IRS policy governing the audits of tax returns filed by US presidents is under new scrutiny after a report published by a ...
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December 21, 2022, Wednesday
World Bank grants $8.86 mn to improve Lebanon's solid waste management
The aid will be financed by the Global Environment Facility, a multilateral funder of green endeavours in developing countries ...
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December 12, 2022, Monday
Fed's message on rate hold for 'some time' clashes with 2023 rate-cut bets
They're also likely to signal another 50 basis points of tightening next year, according to economists, and an expectation that ...
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December 09, 2022, Friday
UK to ease financial rules in post-Brexit shakeup to attract investments
Britain is easing banking rules brought in after the 2008 global financial crisis in a bid to attract investment and secure ...
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November 28, 2022, Monday
Indian govt allows Lankans to hold $10,000 worth of rupee in cash
SL banks must open nostro accounts with Indian banks
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November 28, 2022, Monday
Iraqi PM says nearly $2.5 bn embezzled from tax authority recovered
Iraq's government said on Sunday it will recover part of nearly USD 2.5 billion in funds embezzled from the country's tax ...
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November 18, 2022, Friday
'Risk of recession' increased, expect to raise rates more: ECB's Lagarde
Lagarde said that the "risk of a recession" has increased, but that a downturn on its own won't be sufficient to tame soaring ...
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November 16, 2022, Wednesday
Developed nations backtrack on climate fund: Small island states at COP27
The inaction of many developed countries has potential to stall talks and deal a devastating blow to hopes of the developing ...
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November 14, 2022, Monday
Binance forming recovery fund to help projects in liquidity crisis
Binance CEO's announcement triggers rise in Bitcoin, Ether
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November 12, 2022, Saturday
COP27: Joe Biden says climate change efforts 'more urgent than ever'
President Joe Biden, speaking on Friday at an annual international summit on climate change, urged world leaders to double down ...
