Banking Economy

Latest News for: Banking economy

ECB may hike interest rates in about 12 months

The National 19 Oct 2018

The European Central Bank could start raising interest rates about a year from now if the euro-zone economy develops as policymakers currently expect, governing council member Olli Rehn said on Thursday. Speaking a week before the next policy meeting, Mr Rehn said financial markets seem well-aligned with the central bank’s guidance, which foresees borrowing costs staying at record low levels through the summer of 2019....

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Japan inflation ticks up as oil rises, BOJ target remains elusive

This is Money 19 Oct 2018

The increase was driven mostly by higher oil costs with other items showing only feeble price rises, underscoring the challenge the Bank of Japan faces in achieving its elusive price goal as the economy shows some signs of peaking ... Stubbornly soft inflation has dashed the BOJ's hopes that solid economic growth will translate into higher prices, and could delay the central bank's exit from ultra-loose policy....

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Pym hits out at bank executive pay restraints

Irish Independent 19 Oct 2018

0 Comments Pym hits out at bank executive pay restraints ... "State control of the banking sector is normally an indication that the economy is not entirely open," Mr Pym, a bank restructuring veteran, said ... Ireland's banking sector was given the thumbs up by ratings agency Moody's last week when it raised the industry's credit outlook to positive, thanks to a booming economy and rising wages and job numbers....

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BB&T's (BBT) CEO Kelly King on Q3 2018 Results - Earnings Call Transcript

Seeking Alpha 19 Oct 2018

I don’t know if you saw it, but yesterday, the Bank Policy Institute sent out a letter, Greg Baer, representing the top 50 banks in the U.S., asking for FSOC, which is basically chaired by Secretary Mnuchin and all the regulators, to ask FASB for a pause to study the impact on the economy because of a procyclicality ... for the economy and our clients....

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SBP cuts growth outlook, warns of inflation risk

The News International 19 Oct 2018

“The additional revenue measures and a cut in federal development spending proposed in the Finance Supplementary (Amendment) Bill, 2018 might contain fiscal deficit,” the central bank said in its annual report on the state of the economy ... The bank said it also changed inflation forecast, as the "underlying pressures persist" in the economy....

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China's Q3 GDP growth set to hit weakest since 2009 amid trade war strain

Asahi News 19 Oct 2018

A Reuters poll of analysts underscored the dimming outlook for the world's second biggest economy, with forecasts centering on growth at 6.6 percent in the June-Sept quarter from a year earlier - the weakest pace since the first quarter of 2009 ... Central bank governor Yi Gang said on Sunday he still sees plenty of room for adjustment in interest rates and the reserve requirement ratio (RRR)....

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Stocks sink on weak industrial earnings; tech skid resumes

Independent Record 19 Oct 2018

Those companies tend to do better when the economy is growing more quickly and consumers and businesses have more money to spend ... equity strategist for Bank of America Merrill Lynch ... They're already dealing with tariffs on imported steel and aluminum, which have increased their costs and can also hurt sales, and if the global economy slows, then manufacturing and construction could slow down, too....

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China economic growth weakens to 6.5pc

Hong Kong Standard 19 Oct 2018

The world’s second-largest economy expanded by 6.5 percent over a year earlier in the three months ending in September, government data showed today ... Forecasters expected China’s economy to cool after Beijing tightened credit controls last year to rein in a debt boom ... leaders to reverse course and encourage banks to lend....

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China’s economic growth slows amid trade battle with US

The Herald-Sun 19 Oct 2018

The world's second-largest economy expanded by 6.5 percent over a year earlier in the three months ending in September, government data showed Friday ... Forecasters expected China's economy to cool after Beijing tightened credit controls last year to rein in a debt boom ... to reverse course and encourage banks to lend....

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China's economic growth slows amid trade battle with US

WPXI 19 Oct 2018

The world's second-largest economy expanded by 6.5 percent over a year earlier in the three months ending in September, government data showed Friday ... Forecasters expected China's economy to cool after Beijing tightened credit controls last year to rein in a debt boom ... leaders to reverse course and encourage banks to lend....

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Stocks sink on weak industrial earnings; Dow loses 327 points

LA Daily News 19 Oct 2018

Those companies tend to do better when the economy is growing more quickly and consumers and businesses have more money to spend ... equity strategist for Bank of America Merrill Lynch ... They’re already dealing with tariffs on imported steel and aluminum, which have increased their costs and can also hurt sales, and if the global economy slows, then manufacturing and construction could slow down, too....

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EQIBank on Track to Secure €50bn in Custody Assets by Mid-2019

The Record 19 Oct 2018

EQIBank, the world's first licenced and regulated bank for national currencies, crypto and digital assets, has announced that it expects to secure €50bn in custody assets by July 2019 and hold €10bn under deposit by the end of 2019. Founded by former HSBC, Credit Suisse, Bank of New York and UBS bankers, EQIBank lets customers manage traditional and crypto assets within a single banking relationship for the first time....

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POLL-U.S. economic policy toward China to get tougher, say economists

This is Money 19 Oct 2018

That brings the consensus among Fed watchers in line with the central bank's "dot plot" forecasts. The economy is currently expanding at a brisk pace, in part from aggressive tax cuts passed into law late last year, and so economists have revised up some of their near-term growth forecasts ... economy will start to fade through 2019," noted James Knightley, chief international economist at ING....

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