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    US Fed fresh support fails to pull world markets out of the woods

    23 Mar 2020

    Fresh support announced by the Federal Reserve failed to lift Wall Street on Monday, after Europe and Asia had both been overwhelmed by the coronavirus pandemic and growing number of national lockdowns that could push the global economy deep into recession.

    Australia’s central bank puts $4.10 billion into financial system

    24 Mar 2020

    Australia’s central bank injected A$6.90 billion ($4.10 billion) into the financial system on Tuesday and bought A$4 billion in bonds as economists predicted a spike in unemployment and the worst recession in the country’s history due to the coronavirus.

    UAE Central Bank cautions consumers on fraudulent activities

    30 Mar 2020

    CBUAE cautioned consumers saying that it would never ask consumers about private information — such as personal and bank account information. It warned consumers to be alert and aware of malicious phone calls and WhatsApp messages claiming to be from CBUAE.

    Mexico’s CB unveils $31 billion stimulus, slashes interest rates

    23 Apr 2020

    Mexico’s central bank (CB) unveiled around $31 billion in support for the financial system and cut borrowing costs in the country’s most decisive move yet to help the economy weather the coronavirus pandemic.

    UAE Central Bank, ADGM to jointly host FinTech Abu Dhabi

    11 May 2020

    CBUAE and ADGM have announced that they will collaborate, jointly host, and organise the fourth annual FinTech Abu Dhabi Festival, FinTech Abu Dhabi, which will be held from Nov.24 - 26, 2020.

    Banks’ progressive steps endorsed

    16 May 2020

    To date, 77 per cent is already drawn-down from the Dhs50 billion liquidity facility within the Targeted Economic Support Scheme (TESS), equivalent to Dhs38.5 billion of allocated funds.

    Taiwan’s central bank says still room for more interest rate cuts

    18 May 2020

    Taiwan’s central bank (CB) has room for further interest rate cuts, governor Yang Chin-long said on Thursday, but he cautioned economic growth could be less than 1% this year due to the impact of the coronavirus pandemic.

    New insolvency law an organised and transparent system to settle debts

    23 Nov 2019

    Under the new law, legal action may not be taken against debtors if they invoke their insolvency status and begin the process of restructuring their debt.

    Bank of Korea keeps interest rate steady, cuts growth goal

    29 Nov 2019

    South Korea’s central bank left interest rate steady on Friday even as it trimmed growth and inflation projections, underlining a cautious view on the economy in the face of global risks and cementing market bets for more policy easing next year.

    Indonesia CB asks importers to report forex for overseas deals

    05 Dec 2019

    Indonesia’s central bank (CB) announced new regulations requiring importers to report how much foreign currency they use for overseas purchases from next year, in a move to step up monitoring of money flows.

    105 Results