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