Egypt Unexpectedly Raises Rates Despite Delay in Devaluation
Egypt unexpectedly resumed its cycle of monetary tightening, seeking to tame inflation…
Pete Sadler
Uruguay's Inflation Rate Drops to 4.8%, the Lowest Level Since 2005
Uruguay’s inflation rate last month fell to its lowest level in…
CEO of Bank of America Reverses Recession Call Citing Robust Jobs and Spending
Bank of America Corp. Chief Executive Officer Brian Moynihan said the firm…
China Likely to Lower Banks' Reserve Ratio in August to Boost Cash Supply
China’s central bank may cut the reserve-requirement ratio for major banks…
European Banks Benefit from Profit Boost Amid Resilient Loan Books
Most European banks beat profit estimates for the second quarter, with surprisingly…
Insight: BOJ's Decision to Make a Bold Shift Amid Escalating Yen Risks
The Bank of Japan’s surprise decision last week to raise a…
Australia Regulator Blocks $3.2 Billion ANZ-Suncorp Bank Deal
Australia’s competition regulator on Friday blocked a A$4.9 billion…
Cuba Prohibits Company Access to ATMs, Restricts Cash Transactions
The Cuban Central Bank issued rules this week banning state and private…
Turkish Central Bank Governor and Finance Minister to Attend JPMorgan Investor Meeting on Friday
Turkish Central Bank Governor Hafize Gaye Erkan and Finance Minister Mehmet Simsek…
Bank of England Warns of High Rates as Borrowing Costs Reach 15-Year Peak
The Bank of England raised its key interest rate by a quarter…
Wells Fargo Customers Complain of Missing Deposits from Bank Accounts
Wells Fargo is dealing with a technical issue that has resulted in…
Philippine Central Bank Prepared to Tighten Policy When Necessary
The Philippine central bank said it was ready to tighten monetary policy…