DEPUTY governor Ryozo Himino said the Bank of Japan (BOJ) will raise interest rates as long as inflation moves in line with the bank’s view, underscoring the central bank’s essentially unchanged stance following ructions in the financial markets earlier in the month.
A GAUGE of Australian monthly inflation cooled in July, suggesting price pressures began to ease in the current quarter though not fast enough to warrant early interest-rate cuts.
WARREN Buffett sold an additional US$982 million of Bank of America stock as his conglomerate continues to shrink its investment in the second-largest US bank.
BANK of America has committed to financing a US$1.83 billion leveraged loan for Lone Star Funds’ purchase of Carrier Global’s commercial and residential fire unit, according to sources familiar with the matter who asked not to be identified as the information is private.
NOMURA Holdings’s wealth management business is on a growth path after a multi-year overhaul that saw its thousands of retail bankers shift away from catering to the masses of Japanese investors towards the well-to-do.
INDONESIA sold 40-year local-currency bonds for the first time as looming interest-rate cuts boost the allure of longer-tenor debt.
THE pound climbed to its strongest level against the greenback in more than two years on Tuesday (Aug 27), and other major currencies also gained as a pause in rising oil prices helped investors reverse the previous session’s shift towards the dollar.
THE European Central Bank can gradually lower interest rates if inflation continues to fall but more data is needed before a September cut can be decided, Dutch policymaker Klaas Knot said on Tuesday (Aug 27).
SPANISH bank Santander launched a 1.525 billion euro (S$2.2 billion) share buyback programme on Tuesday (Aug 27) as part of its shareholder remuneration target of about 50 per cent underlying profit.
ROTHSCHILD plans to beef up its equity capital markets (ECM) advisory business in India and also provide debt advisory services amid the country’s dealmaking boom.
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