Bank
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Deutsche Bank sees gold at US$4,000 next year on Fed cuts, China
[MELBOURNE] Deutsche Bank expects gold to average US$4,000 an ounce in 2026, as US Federal Reserve rate cuts and buying by China’s central bank ensure that bullion extends its record-breaking…
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Bank of Canada cuts rates to 2.5%, says ready to cut again if risks rise
Canada faces tariffs and duties from the US and China, two of its biggest trading partners [OTTAWA] The Bank of Canada reduced its key policy rate to a three-year low…
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Canada Central Bank Cuts Key Lending Rate Citing Trump Tariffs
Canada’s central bank cut its key lending rate on Wednesday, offering a boost to borrowers in an economy squeezed by US President Donald Trump’s trade war. The Bank of Canada…
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Indonesia central bank delivers surprise rate cut to boost growth
[JAKARTA] Indonesia’s central bank delivered another surprise interest rate cut on Wednesday (Sep 17), its sixth cut since it kicked off an easing cycle in September last year, saying economic…
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Indonesia central bank delivers surprise rate cut to boost growth
The central bank has cut 150 basis points since its easing cycle in September last year. [JAKARTA] Bank Indonesia (BI) unexpectedly cut its benchmark interest on Wednesday (Sept 17), its…
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Indonesia weighs new central bank mandate; rupiah weakens
INDONESIAN lawmakers are weighing changes at the central bank that include a broader mandate and a lower bar for removing senior officials, heightening investor concerns about the monetary authority’s independence.…
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Kenya’s Only Breastmilk Bank, Life-line For Premature Babies
Surrounded by incubators, a red tube snaking into her tiny nose, four-day-old Grace-Ella is being fed donated breastmilk at the only facility in Kenya that offers the life-giving service. The…
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Veteran banker sees Bank Negara keeping rates unchanged
[KUALA LUMPUR] A veteran banker who led a Malaysian lender to record profit says that the South-east Asian country can hold off on further cutting borrowing costs as current levels…
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UOB Private Bank the first to distribute Asia-focused private equity evergreen fund
The move caters to rising demand from rich investors for private assets that offer a measure of liquidity [SINGAPORE] UOB, South-east Asia’s third-biggest bank by total assets, said it is…
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Bank of Japan watchers expect hike by January with 36% touting October
The central bank will kick off its September meeting shortly after the US Federal Reserve is expected to cut its policy rate [TOKYO] Most Bank of Japan (BOJ) watchers expect…
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Trump’s Fed Nominee Miran Advances Amid Concerns Over Central Bank Independence
AFP Stephen Miran, President Donald Trump’s nominee to the Federal Reserve Board, has taken a significant step toward confirmation. On Wednesday, the Senate Banking Committee voted 13–11 along party lines…
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Deutsche Bank hires trio for Asia Pacific credit trading, sales
[HONG KONG] Deutsche Bank hired three for its Asia Pacific credit trading and sales desk, underscoring high demand for staff, as finance professionals shift among banks in the region. The…
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NAB to cut 410 support roles, shift some bank work to India
Australian lenders are slashing headcount as falling benchmark interest rates put pressure on margins [SYDNEY] National Australia Bank (NAB), the nation’s second-largest lender by market value, is cutting 410 jobs…
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Bank Indonesia, government allay concerns that ‘burden sharing’ deal will reduce independence
[JAKARTA] Indonesia’s government and central bank sought to allay concerns on Monday (Sep 8) about their unusual collaboration to fund government programmes, as analysts questioned whether it would compromise Bank…
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Bank of America sees two US Fed rate cuts this year vs none before
[NEW YORK] Economists at Bank of America forecast two US Federal Reserve interest-rate cuts this year, in September and December, based on weak August employment data, scrapping what had become…
