Global Banking Monitor

Saturday, February 24, 2024

Tag: despite

Despite $40 Billion Inflow, Bank of America Highlights Caution in Stock Market

As the holiday and Santa Rally season draws near, one Wall Street bank is telling investors to curb their enthusiasm where stocks are concerned. A...

Japan’s Economy Set to Recover in Q2 Despite Slowing Global Demand, Says Reuters Poll

Japan’s economy likely grew an annualised 3.1% in April-June to mark a third straight quarter of expansion, according to a Reuters poll, helped by...

Egypt Unexpectedly Raises Rates Despite Delay in Devaluation

Egypt unexpectedly resumed its cycle of monetary tightening, seeking to tame inflation that’s running at an all-time high. The central bank’s Monetary Policy Committee raised...

Pakistan Maintains Rates Unchanged Despite IMF’s Call for Tightening

Pakistan’s central bank kept its benchmark rate unchanged despite the International Monetary Fund calling for further tightening to reduce price pressures. The State Bank of...

China Growth Forecasts Slashed for Next Year Despite Expected Support

China’s economic outlook is deteriorating into next year, with no clear consensus from analysts that the business environment will improve despite Beijing’s push to...

U.S. Banks Concerned About Interest Income Weakness Despite Upbeat Quarter

Comerica and Huntington Bancshares on Friday sharply cut their interest income growth forecasts for 2023, the latest U.S. banks to sound the alarm over...

Latin American Bond Issuers Make a Comeback Despite Continuing High Rates

International bond sales out of Latin America are on the rise again as hopes for US rate cuts this year fade, leading companies and...

Angola Unexpectedly Keeps Interest Rates Unchanged Despite Soaring Inflation

Angola’s central bank unexpectedly kept its key interest rate unchanged for a second successive meeting even as it expects recent currency weakness to drive...

ECB Pushes Ahead with Rate Hikes Despite Economic Setbacks

The European Central Bank is all but certain to raise borrowing costs to their highest level in 22 years on Thursday and leave the...

Fed Expected to Maintain Rate-Hike Pause Despite Robust Data

Federal Reserve officials, whose hike, skip or pause messaging on interest rates has become a high-stakes word puzzle for investors, seem ready to end...

Fitch Retains Negative Outlook for U.S. Credit Rating Despite Debt Limit Resolution

The United States' "AAA" credit rating will remain on negative watch, despite a debt limit agreement that will allow the government to meet its...

Australian Banks Accused of Hypocrisy as Analysis Shows Billions Lent to Fossil Fuel Projects Despite Professed Commitment to Emissions Reductions

Australia’s big banks have loaned more than $13bn for fossil fuel projects over the past two years even as they publicly advocate for emissions...

Analysts Warn of Lingering Risks for China Amid US Debt Ceiling Crisis, Despite Prospects of a Deal

A tentative deal between the White House and Republicans to raise the US debt ceiling could bring temporary relief to the global financial market...

Market Reaction Unlikely to Be Positive Despite Potential Debt Ceiling Agreement

Markets will want to breathe a sigh of relief if lawmakers can reach a deal on the debt ceiling to avoid a default. But...

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