KARACHI, Pakistan, April 12 (Reuters) – Remittances of $2.7 billion in March from Pakistani workers employed abroad exceeded $2 billion for the 10th consecutive month, and were up 43% from a year earlier, the central bank said on Monday.Proactive policy steps by the government and State Bank to spur inflows through formal channels, combined with…
DUBAI, April 11 (Reuters) – Qatar National Bank (QNB) , the biggest lender in the Gulf, said on Sunday its first quarter net profit fell by 7% from a year earlier to 3.3 billion riyals ($906 million) as it booked 1.4 billion riyals in “precautionary” loan loss provisions.The bank’s total assets grew by 8% from…
DUBAI (Reuters) – The United Arab Emirates named new members of the board of its central bank including two vice chairmen in a decree issued on Saturday, state news agency WAM reported.Abdulrahman Saleh Al Saleh and Jassem Mohammad Buatabah Al Zaabi have been appointed as vice chairmen.Younis Haji Al Khoori, Sami Dhaen Al Qamzi, and…
© Reuters. FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua By David Lawder WASHINGTON (Reuters) – The World Bank Group will have committed $2 billion in financing by the end of April for COVID-19 vaccines in some 40…
No results matched your search Economy8 hours ago (Apr 08, 2021 04:15PM ET) By Jamie McGeever BRASILIA (Reuters) – Brazil’s benchmark Selic interest rate is set to reach its neutral level next year, a central bank director said on Thursday, adding that policymakers’ baseline scenario is for a Selic of 3% in real terms, or…
US Markets Loading… H M S Insider Intelligence publishes thousands of research reports, charts, and forecasts on the Banking industry. You can learn more about becoming a client here.The following is a preview of one Banking report, the The UK Banking Channel Forecast. You can purchase this report here.The UK banking space is experiencing a…
SAO PAULO, April 8 (Reuters) – Brazilian digital bank Modalmais has set the price range for its initial public offering, expected to reach around 1.5 billion reais ($270 million).The amount considers the pricing in the middle of the range, that was set between 24.30 and 32.82 reais for each unit. Modal plans to sell 51…
Brazilian digital bank Modalmais has set the price range for its initial public offering, expected to reach around 1.5 billion reais ($270 million).The amount considers the pricing in the middle of the range, that was set between 24.30 and 32.82 reais for each unit. Modal plans to sell 51…
No results matched your search Economy5 hours ago (Apr 07, 2021 06:45PM ET) © Reuters. FILE PHOTO: International Monetary Fund logo is seen inside the headquarters at the end of the IMF/World Bank annual meetings By Andrea Shalal WASHINGTON (Reuters) – The World Bank and the International Monetary Fund are planning to launch a platform…
PARIS, April 7 (Reuters) – A verdict in a French criminal court case over allegations that investment bank Natixis made a misleading statement in 2007 about its financial strength in relation to sub-prime exposure is set to be announced in June, judges said on Wednesday.Natixis was one of the French banks hardest hit by the…
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