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Philippines central bank says it may continue easy policy to support growth
The Philippines central bank may continue its accommodative policy stance even as it expects the...
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Ant Group starts to differentiate consumer loan business Jiebei from bank loans
China's Ant Group said on Monday that it is making efforts to "differentiate" part of...
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BOJ Kuroda signals no mood to rush stimulus exit even as Fed tapers asset buying
Bank of Japan (BOJ) Governor Haruhiko Kuroda on Thursday suggested his bank was in no...
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BNY Mellon sees Middle East outpacing growth of its global business over next five years
BNY Mellon, the US bank with more than $2.3 trillion of assets under management, expects...
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Governments and central banks have crucial role to play in digital finance innovations
Digital finance innovations, such as cryptocurrencies and central bank-backed digital currencies, can boost financial inclusion...
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U.S. holiday purchases to be hit by delays, price hikes: Fed official
Delays and price hikes are anticipated in the United States for holiday merchandise, a Federal...
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Digital currencies can help reduce cost and time of money transfers
The use of digital currencies and distributed ledger technology could speed up cross-border transactions and...
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China declares all cryptocurrency transactions illegal
China's central bank on Friday said all financial transactions involving cryptocurrencies are illegal, sounding the...
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IMF warns Australia on surging home prices
The International Monetary Fund warned on Friday that Australia must act to curb runaway home...
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Majority of banks in EMEA fear losing market share if they are not digitised, report says
About 69 per cent of banks in Europe, the Middle East and Africa (EMEA) believe...
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An Evergrande default may have broad China economic effects, warns Fitch
Rating agency Fitch said that numerous sectors could be exposed to heightened credit risk if...
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Standard Chartered sets up digital-only bank in Singapore
Standard Chartered has signed a deal with Singapore’s biggest trade union group to form a...
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UAE economic growth to exceed 4% this year, Minister of Economy says
The UAE’s economy is expected to grow by more than 4 per cent this year...
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How women in boardroom count towards companies’ borrowing costs
Companies around the world are increasingly willing to link their borrowing costs to gender equality,...
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UAE's top four banks reaped $4bn in combined first-half profit amid economic recovery
Profits at the four largest banks in the UAE grew during the first half of...
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Shell plans to boost Oman renewable energy portfolio
Global energy major Royal Dutch Shell plans to add new clean energy projects in Oman...
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Saxo Bank registers 200% growth in new UAE female investors
Trading and investment platform Saxo Bank said it registered a 200 per cent annual growth...
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Cuba to recognise and regulate use of cryptocurrencies
The Cuban government has said it will recognise and regulate the use of cryptocurrencies in...
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BOK Hikes Interest Rate to 0.75%
The Bank of Korea on Thursday raised the base interest rate by 0.25 percentage point...
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How Powell's charm offensive puts him ahead in the race for a second term at Fed
Federal Reserve head Jerome Powell has built a reputation as a skilled advocate for the...
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ADIB unveils digital-only bank for tech-savvy Generation
Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, launched a digital-only bank...
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Lebanon faces rising fuel prices as officials agree on subsidy cuts
Lebanese officials agreed on Saturday to effectively reduce subsidies on fuel imports, a move that...
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Majority of female entrepreneurs in MEA have digital presence for their businesses
About 81 per cent of female entrepreneurs in the Middle East and Africa have a...
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Citigroup discontinues its $495 AmEx rival card
Citigroup stopped taking applications for its $495-a-year Prestige card, a competitor to American Express’s Platinum...
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Malaysia’s central bank receives 29 bids for digital banking licenses
Bank Negara, the central bank of Malaysia, said on July 2 that it has received...