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Philippine central bank governor builds case for another rate hike

Philippine central bank governor builds case for another rate hike

Philippine central bank governor Nestor Espenilla laid out the case for another interest rate increase, citing broadening price pressures, tighter US monetary policy and a currency slump.

Disruptions should be enablers of sustainable growth: Seetharaman

Disruptions should be enablers of sustainable growth: Seetharaman

Institutions should explore the concept of sustainable finance to other sustainable development goals based on their willingness and risk appetite to participate in financing such areas, according to Doha Bank CEO Dr R Seetharaman.

Islamic finance district planned for Jakarta

Islamic finance district planned for Jakarta

With Ramadan having finally come to an end, a joint venture of property developers from Malaysia and Indonesia are intensifying their project studies into the development of a new Islamic finance district in Jakarta which would be part of the roadmap for the development of Indonesia’s Islamic financ

Islamic finance firms lobby Britain for tax relief

Islamic finance firms lobby Britain for tax relief

Firms involved in Islamic finance are lobbying the British government for tax reforms, arguing that the treatment of some Shariah-compliant structures is hindering their growth.

Europe markets plunge on US-China trade war fears

Europe markets plunge on US-China trade war fears

Global stock markets tumbled yesterday on rising fears of a trade war after US President Donald Trump threatened fresh tariffs on Chinese imports and Beijing warned of countermeasures.

Beijing accuses Trump of ‘blackmail’ after new threat

Beijing accuses Trump of ‘blackmail’ after new threat

Beijing yesterday accused Donald Trump of “blackmail” and warned it would retaliate in kind after the US president threatened to impose fresh tariffs on Chinese goods, pushing the world’s two biggest economies closer to a trade war.

Xiaomi cuts valuation after pulling IPO

Xiaomi cuts valuation after pulling IPO

Chinese smartphone maker Xiaomi has lowered its likely valuation to between $55bn and $70bn following its decision to delay its mainland share offering until after its Hong Kong IPO, three sources with direct knowledge of the matter said.

VW names interim Audi boss, seeking to steady brand after CEO arrest

VW names interim Audi boss, seeking to steady brand after CEO arrest

Volkswagen suspended Audi boss Rupert Stadler and announced an interim replacement yesterday, seeking to steady its most profitable business after German authorities arrested Stadler as part of an emissions probe.

US housing starts approach 11-year high; permits weak

US housing starts approach 11-year high; permits weak

Housing starts increase 5.0% in May; single-family starts rise 3.9%; Building permits fall 4.6%

Continental board to go ahead with plans for its powertrain unit IPO

Continental board to go ahead with plans for its powertrain unit IPO

Continental AG’s supervisory board is moving ahead with plans for an initial public offering of its powertrain unit and a new corporate structure by early July, a sign the car-parts maker’s biggest overhaul in decades is taking shape, according to people familiar with the matter.

Hedge funds score hat-trick with euro, yield curve, volatility bets

Hedge funds score hat-trick with euro, yield curve, volatility bets

The euro is weakening, the US yield curve is flattening, volatility is falling and last week, hedge funds were on the right side of all three moves.

China rout has 1,023 stocks plunging 10% in one day

China rout has 1,023 stocks plunging 10% in one day

In a stock market where investors are used to being disappointed, yesterday’s plunge still shocked. China’s benchmark equity gauge sank almost 5% at one point and by the close, the escalating tensions with the US had sent 1,023 stocks down by the daily 10% limit – or more than one in four. Greasing

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