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FEDERAL Reserve (Fed) chair Jerome Powell’s speech last Friday at the annual Jackson Hole forum was consistent with his very gradual and highly measured approach to policy changes – an approach that financial markets love as it implies a longer period of very loose liquidity that fuels ever higher asset prices.
BEIRUT (Reuters) - Christine Tohme had already been diagnosed with ovarian cancer when Lebanon's financial system began to unravel in 2019. She never expected that two years later her country's economic meltdown would pose a direct threat to her life.
KUALA LUMPUR: Malayan Banking Bhd (Maybank) did not apply for Bank Negara Malaysia’s (BNM) digital banking licence as it has embarked on the journey since 2014, says group president and chief executive officer Datuk Abdul Farid Alias.
NEW YORK: The Federal Reserve’s (Fed) floor for overnight funding markets is proving to be no match for the deluge of cash.
WHILE financial institutions (FIs) have a responsibility to mobilise capital to economic activities deemed as sustainable, it is important to strike a balance between environmental and social objectives.
Nobody wants to see Afghanistan fail and descend once again into protracted conflict.
Indonesia’s central bank left its benchmark interest rate at a record low to protect the currency, and said it had formulated a plan to deal with eventual US policy tightening.