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A top Federal Reserve official said on Friday he was "open-minded" to the idea of reducing the U.S. central bank's bond purchasing stimulus program this month, but he would like to see a stronger labor market first. Asked whether strong job creation
The Central Bank has approved the acquisition of Fina Bank by Nigeria's Guaranty Trust Bank (GT) Bank. In Summary The buy-out will now see Fina Bank rebrand to Guaranty Trust Bank Kenya Limited. Fina Bank has total assets of 28.7 billion and has
Irish banks will go through balance sheet assessment in the same way as all other banks tested, the European Central Bank (ECB) said on Friday. In the coming year, European authorities will go through the books of the region's largest banks before
The Federal Reserve is likely to hold off on scaling back its bond-buying program in December, using the meeting to prepare the markets for a move early next year, economists said Friday in the wake of the strong November unemployment report.
U.S. employers hired more workers than expected in November and the jobless rate fell to a five-year low of 7.0 percent, which could fan speculation the Federal Reserve could start reducing its bond purchases this month. Nonfarm payrolls increased by
The government did not have any outstanding loans from the central bank as of Nov. 29, the same as last week, the Reserve Bank of India said in its weekly statistical supplement on Friday. State governments did not have any outstanding loans from the
The weighted average interest rate of the Central Bank's auction of 364-day negotiable certificates of deposit (NCDs) hit a more-than-three-year low Friday on ample liquidity in the local market. The interest rate in the auction of NT$100 billion (US$
Next year will be "make-or-break" for China, as the country implements economic reform s proposed at a key meeting of the Communist Party of China (CPC) Central Committee last month, banking multinational Standard Chartered said in its latest report.
When 23-year-old magazine editor Liu Xinda looked to make his first investment in 2012, he considered the stock market. Many Chinese investors have jumped on the skyrocketing property market, but it was too rich for Liu's blood.
Andy Coulson, head of investment firms and funds supervision, has tendered his resignation and will leave the Central Bank in three months' time...Staff in the Central Bank were told he played a key role in the management team during a period of