Tag: Bank
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CBA chief Matt Comyn says Australia must retain economic value of AI
SYDNEY, Oct 14 : Commonwealth Bank of Australia CEO Matt Comyn said on Wednesday Australia must ensure more of the economic benefits created by AI remain in the country while regulation should work to build trust in the new technology. Comyn said CBA, Australia’s largest lender, is rolling out AI technolog
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Bank of Korea chief says monetary policy to stay restrictive for now
BANGKOK, Oct 13 : The Bank of Korea will maintain a restrictive monetary policy stance as it seeks to tame persistent price pressures, with headline and core inflation expected to stay above target for “some time”, the central bank’s chief said on Tuesday. “Inflation has really picked up, both from the cost-
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US Treasury’s Bessent to skip IMF-World Bank meetings in Bangkok
DOHA, Oct 9 : US Treasury Secretary Scott Bessent will skip next week’s annual meetings of the IMF and World Bank in Bangkok, Thailand, due to domestic engagements, a US official said on Friday. The Treasury Department confirmed that Deputy Treasury Secretary Francis Brooke and Under Secretary for Internati
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South Korea warns of AI-assisted hacking after breach of big banks’ cyber defenses
Seoul is alarmed after a recent breach of South Korean banks’ cyber defenses that reportedly involved AI-assisted hacking. Officials warn such methods could be used to also target other sectors and government agencies.
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Thai central bank in no rush to raise rates, governor says
BANGKOK, Oct 8 : Thailand’s central bank chief said on Thursday there is no rush to raise interest rates and monetary policy could not address structural issues constraining economic growth. • The central bank left its key interest rate unchanged at 1.00 per cent in August and its next monetary policy rev
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Bank of Japan sees broadening inflationary pressure
TOKYO, Oct 8 : The Bank of Japan said price increases driven by higher raw material costs were spreading to consumer goods with some firms hiking prices more frequently than in the past, signaling its concern over broadening inflationary pressure.The central bank also offered an upbeat view on the economic ou
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Dollar gains as oil climbs and investors focus on the Fed
Oct 7 : The US dollar edged higher on Wednesday, buoyed by rising oil prices, while investors awaited Federal Reserve meeting minutes and remarks from policymakers for signals on a potential rate hike.The euro gave back some of its gains in the prior session when French bonds rallied after the frontrunner
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Vietnam’s central bank says inflation is higher than targeted but remains under control
HANOI, Oct 7 : The rise in annual inflation in September has put pressure on Vietnam’s monetary policy management for the rest of this year but prices remain under control, central bank deputy governor Pham Thanh Ha said on Wednesday. • Vietnam’s annual inflation in September was 5.08 per cent, compared wi
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Dollar recoups losses as markets await Fed minutes, speakers
TOKYO, Oct 7 : The US dollar recouped some losses on Wednesday as eyes turned to the release of Federal Reserve minutes and speeches by its policymakers for signals on a potential rate hike.The euro gave back some of its gains in the prior session when French bonds rallied after the frontrunner in next sprin
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Dollar holds losses as markets await Fed minutes, speakers
TOKYO, Oct 7 : The US dollar remained lower on Wednesday after stress in European bond markets abated and as eyes turned to the release of Federal Reserve minutes and speeches by its policymakers for signals on a potential rate hike.The euro surged by the most in seven weeks in the prior session as French…
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