Tag: Bank
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Bank of America launches $250 billion initiative for US tech, energy infrastructure
Aug 12 : Bank of America said on Wednesday it plans to deploy $250 billion through July next year to support U.S. digital and infrastructure projects, an initiative it says will bolster the country’s economic growth and help create tens of thousands of jobs.The Wall Street bank’s “Critical Infrastructure Fina
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Exclusive-Sri Lanka central bank sees no need for further rate hikes this year, governor says
COLOMBO, Aug 11 – Sri Lanka’s central bank sees no need for more interest rate increases this year after its big, unexpected hike in May, with inflation expected to peak around current levels before easing back towards the 5 per cent target next year, Governor P. Nandalal Weerasinghe told Reuters on Tuesday.S
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Bank of Korea likely to raise interest rates further, outgoing deputy chief says
SEOUL, Aug 11 : South Korea’s central bank will raise interest rates further to respond to persistent inflationary pressure, the outgoing deputy chief said on Tuesday. “Unless there is an extraordinary shock or an extraordinary factor, the possibility of an additional rate hike is high,” Bank of Korea Senior
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Brazil central bank eyes expansion for Pix payment system as US trade scrutiny intensifies
BRASILIA, Aug 10 : Brazil’s central bank said on Monday it is assessing links between its popular instant payment system Pix and similar platforms abroad, in a more concrete push toward cross-border integration as the system comes under scrutiny from the U.S.In a report on Pix, which was recently cited by the
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Palestinian group watches for Israeli settlers in West Bank
The Israeli military has intensified its raids in the occupied West Bank. Meanwhile Israeli settler violence continues almost unchecked, forcing Palestinians to form volunteer groups to protect their villages.
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Israel accused of weaponising archaeology at ancient West Bank sites
Israel is planning large-scale land expropriations in historic, Palestinian areas of the West Bank.
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Israel charges settler over killing of Palestinian involved in Oscar-winning West Bank film
Yinon Levy is charged with reckless manslaughter over the July 2025 shooting of Odeh Hathaleen.
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DBS posts record Q2 profit, raises 2026 guidance
The Singapore bank declared S$0.81 in dividends per share for the second quarter of 2026.
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HSBC restarts buybacks after rates and wealth boost H1 profit
HONG KONG/LONDON, Aug 4 : HSBC Holdings reported a better-than-expected first-half profit and raised its net interest income target, driven by revenue growth in lending and wealth management fee earnings on robust money flows.Europe’s largest bank posted a pretax profit of $19.5 billion for the first six mont
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South Korea’s central bank to buy gold from domestic producers
SEOUL, Aug 3 : South Korea’s central bank will buy gold from local producers to diversify its sources of supply and increase its holdings of the precious metal, it said on Monday. The Bank of Korea said it has established a framework for domestic gold purchases with local producers, Korea Exchange and Korea S
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