Tag: Bank
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Indonesia central bank, finance minister agree to boost asset yields to aid rupiah
JAKARTA, June 6 : Indonesia’s central bank chief and finance minister on Saturday agreed to increase yields on Indonesian assets to attract portfolio inflows and support the rupiah, after the currency hit record lows in the past few weeks.Bank Indonesia and the finance ministry “will increase the attractivene
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Palestinian baby killed by Israeli gunfire in West Bank, says health ministry
The Israeli military says Friday’s “incident is under review”, expressing “deep sorrow for any harm caused”.
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Philippine central bank to act as May inflation stays above target
MANILA, June 5 : The Philippine central bank said on Friday it will “take necessary actions” to bring inflation back to its target, after the annual pace of consumer price growth remained above its 3 per cent goal for a third straight month in May.Annual inflation unexpectedly slowed to 6.8 per cent in May fr
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Indonesia’s central bank to prepare regulations reflecting wider mandate
JAKARTA, June 5 : Indonesia’s central bank will prepare technical regulations that reflect its wider mandate to support economic growth following the passage of a sweeping new financial system law, its spokesperson said on Friday.Bank Indonesia supported the law and had provided its feedback for the legislati
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Indian central bank keeps key policy rate on hold, despite falling currency
MUMBAI, June 5 : The Reserve Bank of India on Friday kept its policy repo rate unchanged at 5.25 per cent, opting to look past rupee weakness and assess the fallout from rising global energy costs on inflation and growth.Nearly 80 per cent of 56 economists polled by Reuters expected the RBI’s monetary policy
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Bank of Japan expected to raise rates this month, sources say
TOKYO, June 4 : The Bank of Japan is expected to raise interest rates this month unless a sharp escalation in the Middle East conflict upends markets, three sources said, as rising fuel costs from the energy shock add to mounting price pressure in the economy.With hostilities flaring anew in the Iran war, cen
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Indonesia passes sweeping bill expanding central bank role to spur growth
JAKARTA, June 4 : Indonesia’s parliament on Thursday passed sweeping legislation that places further emphasis on Bank Indonesia supporting economic growth, while empowering lawmakers to evaluate independent financial regulators and the central bank.Parliament passed the bill by acclamation, with support from
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Man shot dead after taking multiple hostages in California bank
Two hostages were released on Tuesday, and the remaining hostages released on Wednesday were unharmed, police said.
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This man became one of world’s richest people without realising it
With a balance of around $21.8 billion in his account, Takalo ranks among the world’s super rich, but he has been unable to access his money for nearly a month.
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