Philippines Central Bank Chief Expects One More Rate Hike This Year, Possibly in March
The Philippine central bank will likely raise interest rates one more time this year and that could happen at its next monetary policy meeting in March, most likely by 25 basis points, its governor said on Friday. Inflation running at a 14-year high of 8.7% in January has been a concern for the Bangko Sentral […]
Asian Stocks Muted Amid Fed Fears, China Buoyed By Stimulus Hopes
Most Asian stocks kept to a tight range on Monday as markets awaited more cues on monetary policy from a slew of Federal Reserve events this week, while Chinese stocks rose sharply on the prospect of more stimulus spending by the government. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes rose around 1% each […]
European stocks slip lower; Ocado struggles with in-store shopping return
European stock markets edged lower Tuesday, as investors digested dire Chinese growth numbers as concerns about the global economic outlook remain high. At 04:15 ET (09:15 GMT), the DAX index in Germany traded 0.2% lower, the CAC 40 in France fell 0.1% and the FTSE 100 in the U.K. dropped 0.2%. European equities have had […]
RBI imposes monetary penalty on Sarvodaya Co-operative bank
By Administrator_ India Capital Sands The Reserve Bank of India (RBI) on July 27 imposed a monetary penalty of Rs 1 lakh on Sarvodaya Commercial Co-operative Bank for non-compliance with directions issued by the RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are interested, the RBI said in a release. This […]