Tag: Bank
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Bessent urges BOJ chief to combat weak yen with ‘decisive’ monetary steps
ASHEVILLE, North Carolina, Sept 1 : U.S. Treasury Secretary Scott Bessent voiced strong support for “decisive” monetary steps to combat yen weakness in a meeting with Bank of Japan Governor Kazuo Ueda, the Treasury Department said, cementing the case for a Japanese rate hike this month.In a meeting with Ueda,
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Israel warns it will retaliate if UK imposes sanctions
The UK’s Foreign Secretary Ed Miliband pledged on Tuesday to introduce a “comprehensive reset” of policy on Israel.
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Bessent urges BOJ chief to conduct ‘sound’ policy to avoid yen volatility
ASHEVILLE, North Carolina, Sept 1 : U.S. Treasury Secretary Scott Bessent urged Bank of Japan Governor Kazuo Ueda to conduct sound monetary policy to anchor inflation expectations and avoid excessive yen volatility, the Treasury Department said, cementing the case for a Japanese rate hike this month.In a meet
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Dollar gains as Iran tensions fuel bond selloff; yen weakens past 160 again
Sept 1 : The dollar strengthened on Tuesday as renewed U.S.-Iran hostilities fuelled inflation worries and sparked a global bond selloff, while the yen slid past 160 per dollar again despite mounting pressure on the Bank of Japan to raise rates.U.S. President Donald Trump threatened further strikes against Ir
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Dollar gains on rate hike expectations, yen retreats past 160
Sept 1 : The dollar strengthened on Tuesday as renewed Gulf attacks sparked a global bond selloff and stoked inflation worries, while the yen slid past 160 per dollar again even as pressure mounted on the Bank of Japan to raise rates.U.S. President Donald Trump threatened further strikes against Iran after th
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Bond markets face fresh selling as oil prices jump, stocks cautious
LONDON, Aug 31 : Borrowing costs in the euro area and Japan hit their highest levels in years on Monday, as a 3 per cent jump in oil prices on the U.S. and Iran resuming military attacks added to angst about inflation that could keep central banks in rate-hike mode.World stocks were in a cautious…
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UK raises detention of British activist with Israeli authorities
Finn Joughin, a 22-year-old student activist, was arrested in the Palestinian village of Umm Al-Kheir.
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Netanyahu condemns settler attack in flashpoint West Bank village
QUSRA, Palestinian Territories: Dozens of Israeli settlers attacked the Palestinian village of Qusra in the northern occupied West Bank on Saturday (Aug 29), after nearly three weeks of tension in th
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Stablecoins not a credible means of payment at scale, BIS chief says
JACKSON HOLE, Wyoming, Aug 28 : Stablecoins do not credibly function as a means of payment at scale and tokenized deposits offer a more compelling case to harness the benefits of this new technology, said the chief of the Bank for International Settlements, a central bank umbrella group.Stablecoins are a typ
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Deutsche Bank cites progress in technology revamp at retail division
FRANKFURT, Aug 27 : Deutsche Bank said on Thursday that it has made progress in simplifying legacy technology at its retail division.• Specifically, the bank has chosen a new so-called core banking system as it seeks to reduce 15 systems to two.• The bank said it is “an important milestone in the m
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