Category: International Banking News
HSBC profits tumble as Chinese slowdown and Brexit turmoil strike
SBC's profits slumped 29pc in the first half of 2016 amid concerns over the EU referendum and the state of China's economy.
The UK-based bank's [...]
Asian shares retreat, Australia central bank cuts rate to all-time low
Asian shares slipped on Tuesday, taking their cues from a modestly lower day on Wall Street, while crude oil prices stabilized after their overnig [...]
Fed’s Dudley urges caution on rate hikes, cites risks to U.S.
The Federal Reserve should be cautious on interest rate increases due to lingering risks to the U.S. economy, one of its most influential policyma [...]
500 economists were polled on the outlook for the global economy. This chart shows the results
Confidence in prospects for the global economy has been dented following Britain's vote to leave the European Union, with a growing view that mo [...]
UK and China regulators discuss framework for financial projects
British and Chinese securities watchdogs are discussing an agreement that will pave the way for landmark financial services projects between the c [...]
Exclusive: New York Fed asks Philippines to recover Bangladesh money
The Federal Reserve Bank of New York has asked the Philippines' central bank to help Bangladesh Bank recover the $81 million that was stolen by ha [...]
Christine Lagarde to Stand Trial for Alleged Negligence in French Legal Dispute
Case relates to decision made by the former French finance minister in dispute known as ‘L’Affaire Tapie’
PARIS—International Monetary Fund Manag [...]
TTIP, au revoir: la Francia dice no all’intesa
La Francia parla chiaro «Non esiste assolutamente alcuna possibilità che si arrivi a un accordo entro la fine dell’amministrazione Obama.Penso che orm [...]
Reuters: Five U.S. investment banks offer support for London after Brexit vote
Five U.S. investment banks promised British finance minister George Osborne on Thursday that they would try to help London keep its top spot as a fina [...]
There’s never any good news about inequality, right?
Wrong !
Sustainable Development Goal target 10.1 aims to progressively achieve, by 2030, sustained income growth among the poorest 40 percent of th [...]