Hong Kong Market Sentiment Improves as Local Banks Follow U.S. Fed Interest Rate Cut
by Office availability rate drops while high street retail rents continue to recover The Hong Kong Grade A office market witnessed positive net absorption for the …
Tag: Banks
UAE Banks Face Backlash Over Credit Card Issuance Lapses
Concerns have surfaced among customers in the UAE regarding banks issuing credit cards without adequate identity verification. This has raised alarms about potential risks related …
David Banks, New York City’s Schools Chancellor, to Resign
The resignation of Mr. Banks, planned for the end of the year, comes amid a flurry of federal investigations into Mayor Eric Adams and his …
Federal Rate Cut: Impact on Crypto and Central Banks’ Influence
A potential reduction in the Federal Reserve’s interest rate might spell trouble for cryptocurrency markets and could signal the end of the era of central …
Budapest and Wroclaw reinforce river banks ahead of more flooding in Europe
Soldiers and firefighters used sandbags to reinforce river embankments and delivered food and drinking water to cut-off communities as the worst flooding in years moved …
UAE’s Top Banks Report $5.8 Billion Aggregate Income for Q2
The aggregate income of the UAE’s ten largest banks surged to $5.8 billion in the second quarter of 2024. This impressive figure reflects a notable …
Another Outer Banks Home Collapses Into Ocean, a Stark Reminder of Climate Change
In Rodanthe, N.C., seven homes have been lost to the ocean in the last four years, as rising sea levels erode shorelines and put more …
Central Banks of India and Russia Engage in Local Currency Trade Talks
The central banks of India and Russia are engaged in discussions to establish a robust mechanism that will expand bilateral trade using local currencies. These …
UAE Banks Showcase Resilience Amid Economic Shifts
UAE banks have demonstrated remarkable resilience in the first half of this year, posting strong financial results despite global economic uncertainties. This performance, marked by …
Saudi Wealth Fund Taps Top Banks for Nupco IPO
Saudi Arabia’s Public Investment Fund (PIF) has selected JPMorgan Chase & Co. and Morgan Stanley to oversee the initial public offering (IPO) of the National …