A Swiss flag is pictured in front of the Swiss National Bank in Bern, Switzerland. Reuters/ File photo
The Swiss National Bank (SNB) plans to pay out 2 billion Swiss francs ($2.05 billion) - and possibly more - to Switzerland’s federal and cantonal governments after swinging to a big 2019 profit, it said.
Australia’s strong economic performance of recent decades has allowed its central bank to avoid the kinds of unorthodox policies seen in other countries, but record low rates mean less conventional measures may be needed to tackle new challenges.
Australia’s central bank on Tuesday cut interest rates for the second time in as many months as it strives to revive a sluggish economy and reduce unemployment, a tough task that may yet require even more stimulus.
A recovery in eurozone business activity was weaker than expected this month as a deepening contraction in the bloc’s manufacturing industry is increasingly holding back services firms, a survey showed. Last month, European Central Bank President Mario Draghi
Sharjah Airport, one of the busiest in the region, has received a record 13.6 million passengers in 2019 with an year-on-year increase of 13 per cent compared to 12 million passengers in 2018, it was revealed during a meeting in held in Sharjah.
Britain on Tuesday greenlighted a limited role for Chinese telecoms giant Huawei in the country’s 5G network, insisting that “high risk vendors” would be excluded from “sensitive” core infrastructure.
First Abu Dhabi Bank (FAB), today reported its full year financial results for 2019, announcing a net profit of Dhs12.5 billion, up 4 per cent from Dhs12.0 billion in 2018.