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Bank of Japan Takes Steps Toward Normalization, but Full Transition Remains Incomplete

The news that economic policy minister Yoshitaka Shindo would be in attendance at the Bank of Japan’s policy meeting had sparked market speculation about...

UOB’s Profit Beats Estimates, but Fee Growth Forecast Lowered

United Overseas Bank Ltd. lowered its fee income growth forecast for 2023, signaling a more challenging outlook, even as it reported second-quarter profit that...

IMF Raises Projections, But Warns Global Economy Still Faces Challenges

The risk of a crash landing for the global economy has receded, the IMF’s chief economist said as the multilateral lender predicted 3 per...

Rude Health for Most American Big Banks, but One Struggles

From one perspective, it seems like a torrid time to be a banker. A handful of financial institutions failed in the first quarter of...

Americans Feel Better About the Economy, But Experts Advocate Caution

American consumers haven't felt this good about the economy since September 2021. Stocks are higher, with some strategists even suggesting a record-setting year for the...

Crypto Market Cheers SEC’s Setback in Ripple Suit, But Uncertainty Lingers

A US Securities and Exchange Commission lawsuit against Ripple Labs Inc. has kept crypto on edge since 2020 by raising the prospect that digital...

US Banks Highlight Resilient but Slowing Economy, Highlighting Risks Ahead

Some of the largest U.S. banks said on Friday they got a profit boost from higher rates and painted a picture of a resilient...

China Under Pressure to Stimulate Economy, but Rate Cuts Alone May Not Suffice

Expectations are growing that China’s government will boost spending on infrastructure as part of a broader stimulus push following the central bank’s interest rate...

BOE Takes Lead in Interest Rate Hikes, But Trails Behind in Completion

The Bank of England was the first major central bank to start raising interest rates. Money markets are betting it may be the last...

RBI Shows Disapproval of Cryptocurrency, but Prepares to Launch CBDC; Finance Ministry Evaluates Alternatives

RBI Governor Shaktikanta Das has, in fact, sought an outright ban on it, while making his views clear on it at several platforms in...

Federal Reserve Expected to Maintain Hold in June, but One-Third of Economists Anticipate Imminent Hike

The U.S. Federal Reserve will not raise interest rates for the first time in well over a year at its June 13-14 meeting, according...

Bank of Canada to Maintain Rates for the Rest of the Year, but Possibility of at Least One More Hike

The Bank of Canada will keep its key interest rate on hold at 4.50% for the rest of this year, according to a majority...

Short-Term Market Relief Anticipated from Debt Deal, but Long-Term Concerns Persist

Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets. U.S. President...

Philippine Corporate Earnings Hit Record High, But Inflation Presents Challenges

Philippine companies beat 2022 consensus revenue estimates by the widest gap in at least nine years. Profit, however, lagged behind projections, as high interest...

Stripe employees get to sell $1bn of shares

Strategies for Upskilling Your Workforce in an AI-Driven Economy

Five Strategies for Enhancing Internal Communications in Banks

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