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    Central banks in Asia, Australia and NZ join global currency war

    Central banks in Asia, Australia and NZ join global currency war

    10 Aug 2019

    Central banks in Asia, Australia and New Zealand (NZ) have joined a brewing global currency war by slashing interest rates and pledging to keep them down, worrying markets over the...

    Thailand’s central bank slashes key interest rate unexpectedly

    Thailand’s central bank slashes key interest rate unexpectedly

    08 Aug 2019

    Thailand’s central bank (CB) unexpectedly cut its benchmark interest rate, expressing worry about strength of the baht and aiming to help support faltering growth. The Bank of Thailand (BOT), which...

    AU, Noor Bank launch Dhs3.2m fund

    AU, Noor Bank launch Dhs3.2m fund

    05 Aug 2019

    Business Bureau, Gulf Today Ajman University (AU) and Noor Bank, as part of their social responsibility towards indigent students, and in a bid to promote Islamic banking and finance industry,...

    HSBC axes CEO in shock shift to speed up strategy on priority areas

    HSBC axes CEO in shock shift to speed up strategy on priority areas

    05 Aug 2019

    HSBC ousted John Flint as chief executive after just 18 months in a shock move the chairman of Europe’s biggest bank said was needed to speed up progress on priority...

    BOJ keeps policy steady, may opt for more easing in future

    BOJ keeps policy steady, may opt for more easing in future

    30 Jul 2019

    The Bank of Japan (BOJ) kept its monetary settings steady on Tuesday but added language to its policy statement that it would ease “without hesitation” if the economy loses momentum...

    Bankia net profit falls 31.6 per cent

    Bankia net profit falls 31.6 per cent

    29 Jul 2019

    State-owned lender Bankia on Monday reported a 31.6 per cent fall in second-quarter net profit from a year earlier due to lower trading income although income from loans showed some...

    Russian central bank slashes key interest rate, predicts more cuts

    Russian central bank slashes key interest rate, predicts more cuts

    27 Jul 2019

    The Russian central bank (CB) trimmed its key interest rate to 7.25%, as expected, and said more cuts were likely later this year amid slowing inflation. Russia needs lower rates...

    ADIB and Al Baraka sign MoU to expand network

    ADIB and Al Baraka sign MoU to expand network

    21 Jul 2019

    Business Bureau, Gulf Today Abu Dhabi Islamic Bank (ADIB), a leading financial institution, and Al Baraka Banking Group (Al Baraka), a Bahrain-headquartered Islamic multinational banking group, on Sunday announced that...

    CBD partners with Fewa for cash management solutions

    CBD partners with Fewa for cash management solutions

    18 Jul 2019

    Business Bureau, Gulf Today The Commercial Bank of Dubai (CBD) recently announced a partnership agreement with the Federal Electricity and Water Authority (Fewa) to provide payments and cash management solutions....

    Bitcoin and cryptocurrencies aren’t money: Donald Trump

    Bitcoin and cryptocurrencies aren’t money: Donald Trump

    12 Jul 2019

    US President Donald Trump on Thursday criticised Bitcoin, Facebook’s proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to...

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