Banks (Finance)
In a decision that surprised many, the Bank of England's Monetary Policy Committee (MPC) voted to cut interest rates to four per cent in a historic double vote. The decision was finely balanced, with two sets of four members voting on different rates, before Governor Andrew Bailey intervened
Banks (Finance)
Over the past thirteen years, Serbia has undergone a significant transformation, boasting impressive economic growth, stability, and inflation control. The National Bank of Serbia, under the leadership of Governor Jorgovanka Tabakovic, has made substantial contributions to this progress. Inflation has been reduced by 10 percentage points, from 12.2 per
Banks (Finance)
Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced that Joel Fishbein will join the firm's Technology investment banking practice as a Senior Managing Director to focus on advising companies in the software sector. Mr. Fishbein brings approximately 25 years of experience in equity
Banks (Finance)
US president Donald Trump has reopened the debate on tariffs by threatening a 100% duty on semiconductor chips, with exemptions for companies like Apple that have committed to reshore production in the US. This move has sparked a reaction from other nations, including India, which is facing a 25% tariff
Banks (Finance)
The Bank of England has released its latest monetary policy report, warning of a 5.5% rise in food inflation by the end of 2025, exceeding previous estimates. This increase is driven by rising key food commodities, higher employment costs, and extended producer responsibility (EPR) levies on packaging. The report
Banks (Finance)
Aktia Bank Plc performed well in the second quarter of the year, with a strong focus on the Momentum growth program showing tangible positive results. Despite a challenging operating environment, the bank's assets under management increased by 1.3 percent during the quarter to EUR 15.9 billion.
Banks (Finance)
On August 7, 2025, Dubai Islamic Bank PJSC concluded trading on the Dubai Financial Market with a moderate stock price movement. The bank's shares opened at 9.80 AED, slightly above the previous closing price of 9.77 AED. Throughout the trading session, the stock fluctuated between a
Banks (Finance)
The Bank of England has made a third interest rate cut this year, lowering the base rate to 4% for the first time in over two years. The decision, which was made after a tight split vote, has sparked speculation about the future of interest rates. Analysts believe that the
Banks (Finance)
The National Islamic Bank's shares saw a notable decline of 4.99% in their value on August 6, 2025, with the reference price falling from 5,576.00 to 5,298.00. The trading session was characterized by strong selling pressure, with a bid volume of zero and
Banks (Finance)
In a move that comes as no surprise, the Reserve Bank of India (RBI) has decided to maintain the policy interest rate at 5.5%, following its latest Monetary Policy Committee (MPC) meeting held from August 4 to 6. This decision means that the repo rate will remain unchanged, providing
Banks (Finance)
Prime Minister Shehbaz Sharif has instructed the authorities to simplify and expand access to low-cost agricultural loans for small and medium-scale farmers, a move aimed at boosting agricultural productivity and ensuring economic dignity for the country's rural backbone. The prime minister emphasized the need to provide easier access
Banks (Finance)
Global investment banks, including JP Morgan and Goldman Sachs, have revised their forecasts for Korea's economic growth in 2025, citing improving economic indicators and fiscal stimulus. The banks' revised forecasts range from 0.6% to 1.2%, driven by strong exports and a rebound in manufacturing. Despite
