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Dubai is doubling down on its financial center with a new $1.4 billion district, looking past the Iranian attacks that rattled the city’s residents earlier this year and drove down property sales.
Project Vault, the US government-backed critical-minerals stockpile, plans to choose an initial group of more than a dozen American manufacturers that could receive up to $1 billion in loans to help procure key materials.
IMF Africa Director Zeine Zeidane told Ghana's finance minister in Bangkok that its US$3 billion IMF loan programme was a great success. The post IMF Africa Director Hails Ghana’s US$3B Loan appeared first on The Rio Times.
UniCredit SpA is working on a potential deal to hedge €1 billion ($1.1 billion) in German home loans as it prepares to expand its footprint in Europe’s biggest economy.
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Vasiliki Pachatouridi, BlackRock EMEA Head of iShares Fixed Income Product Strategy; Alexander Gabuev, Carnegie Russia Eurasia Center Director (Source: Bloomberg)
Bangkok, Oct. 15 (Jiji Press)--Finance ministers and central bank chiefs from the Group of 20 major economies met in Bangkok on Thursday to discuss ways to address rising inflation as crude oil prices remain high amid turmoil in the Middle East. Participants also discussed coordinating their policies to stabilize financial markets in light of a global rise in long-term interest rates, fuele...
Chancellor of the Exchequer John Healey discusses the International Monetary Fund's comments that the UK is the “country that basically stands out” for plotting a path to bring down borrowing. Speaking to Bloomberg's Lisa Abramowicz in Bangkok, Healey also discusses the importance of banks to the British economy, declining to comment on potential tax measures in the government's Oct. 28 budget. (Corrects spelling of guest's name in headline.) (Source: Bloomberg)
The government hopes a weaker dinar will help pay salaries, but traders face rising import costs and uncertainty.
Hong Kong secondary school student Agastya Rekhi is just 17, but he has been teaching finance and economics to younger children for nearly three years. Meeting families struggling to understand how prices, investments and economic news impacted their daily lives during voluntary work convinced him that access to information was only part of the problem. How that information was communicated was just as important. Rekhi, a finalist for the Spirit of Youth Award in this year’s Spirit of Hong Kong...
A forecaster who was early to call the most recent Federal Reserve rate hike now says a bigger, half-percentage-point rate increase could be on the table in December.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Carol Massar and Tim Stenovec. (Source: Bloomberg)
The Russell 2000 Index entered a correction with Wednesday’s plunge as rising inflation and interest rates push the riskiest stocks in the market below important averages.
CoreWeave Inc.’s bonds have plunged to levels that typically indicate distress, in a swift move that has caught the attention of Silicon Valley leaders including Chamath Palihapitiya and Elon Musk.
Government to frame guidelines for ‘People’s Plan’; proposes ward-level meetings and GST revenue share for local bodies
As the US Treasury imposed historic fines on Bank of America over compliance failures involving Chinese money-laundering networks, analysts see the action as a signal that could prompt Western banks to tighten scrutiny of Chinese clients and cross-border transactions. The penalties, announced on Tuesday and totalling more than US$1.21 billion, included what the US Treasury described as its third-largest penalty on record and the largest in the history of the Office of the Comptroller of the...
Deposits were used as collateral for loans extended to entities incorporated in the British Virgin Islands, which were controlled and managed from India by the Reliance Anil Ambani Group through front persons, the ED says
Bank of America’s stock and fixed-income traders missed estimates in the third quarter, with bond-trading revenue falling 17% to $2.55 billion and equity trading down 10% to $2.51 billion. The bank’s results were also hurt by a charge tied to a regulatory penalty over money laundering and sanctions violations. Kristine Aquino reports on Bloomberg Television. (Source: Bloomberg)
Venezuela’s Economy Vice President Calixto Ortega said the publication of the country’s debt sustainability assessment was delayed by the massive twin earthquakes earlier this year but remains “a priority.”
Participants in Hong Kong’s stock market may need to wait longer for shorter transaction settlement times, as market participants want more time to prepare for the change, according to two sources familiar with the matter. Bourse operator Hong Kong Exchanges and Clearing (HKEX) said in a consultation paper in April that it aimed to implement a so-called T+1 system – under which trades would be settled one day after transactions – in the fourth quarter of 2027, replacing the existing T+2...
Asian countries must remind themselves about what happened during the region’s financial crisis in the late 1990s and guard against a recurrence of such shocks, the head of the Philippine central bank said on Wednesday. Before the Asian financial crisis started in 1997, regional economies saw huge capital inflows that prompted the World Bank to describe it as the “East Asian miracle”, Eli Remolona, governor of the central bank, said in an International Monetary Fund panel on the outlook for the...
Malaysians aged 30 and below bought some 5.4 billion ringgit (US$1.32 billion) worth of goods and services on short-term credit in the first half of this year, the country’s Finance Ministry has revealed. The ministry said it had recorded 65.9 million “buy now, pay later” (BNPL) purchases among younger consumers in the first six months of 2026 – equivalent to more than one in three, or 37.9 per cent, of total purchases nationwide. As of June 30, the outstanding BNPL financing balance among this...