Bank of England readies what may be its final rate hike
LONDON – The Bank of England (BoE) is likely to hike interest rates once again this week, possibly the last hurrah for one of the great tightening cycles of the last 100 years as…
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US Fed plans broad revamp of bank oversight in wake of SVB collapse
NEW YORK – The Federal Reserve issued a detailed and scathing assessment on Friday of its failure to identify problems and push for fixes at Silicon Valley Bank (SVB) before the…
China central bank signals it will dial back pandemic stimulus
BEIJING – The People’s Bank of China (PBOC) signalled it may start gradually scaling back some of the stimulus measures implemented during the pandemic as the economy begins…
HSBC hits back at top shareholder’s sharpest call to split bank
LONDON – HSBC has hit back at its largest shareholder Ping An’s latest proposal to restructure the bank and separate its Asia business into a Hong Kong-listed entity, saying it…
Israeli forces kill Palestinian boy in West Bank
JENIN – Israeli forces killed a Palestinian teenager Sunday in the occupied West Bank, the Palestinian health ministry said, with the army reporting they came under fire during a…
Israeli forces kill Palestinian teen in West Bank gunfight
RAMALLAH, West Bank – Israeli forces killed a 17-year-old Palestinian on Tuesday during a raid in the occupied West Bank, the Palestinian health ministry said, and the army…
Israeli troops kill Palestinian girl during West Bank firefight
JERUSALEM – Israeli forces shot and killed a 16-year-old Palestinian girl during a firefight with militants during a raid in the city of Jenin on Sunday, authorities said, as a…
US stocks rally after Bank of England intervention
NEW YORK – Wall Street stocks jumped on Wednesday, shaking off a recent slump and rallying after the Bank of England’s intervention in the British bond market reassured investors. …
China central bank eyes $205 billion bailout for developers
BENGALURU – China will help property developers by issuing 1 trillion yuan (S$205 billion) in loans for stalled developments, the Financial Times said on Thursday (July 28), as…
Wall Street closes down on slide in Apple shares, bank stocks
NEW YORK – Wall Street ended lower on Monday (July 18) after bank stocks erased earlier gains and Apple shares fell on a report saying the company plans to slow hiring and…