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Money & Banking

Aussie, kiwi flat

SYDNEY: The Australian and New Zealand dollars were ending flat for the week on Friday after failing to clear major...

Published Jul 11, 2020 02:48am
Bank of Italy lowers 2020 GDP forecast to -9.5pc
Money & Banking

Bank of Italy lowers 2020 GDP forecast to -9.5pc

  • It its latest economic projections the central bank forecast a partial rebound next year, when gross domestic product is seen rising by 4.8%.
  • The central bank estimated in its quarterly bulletin that gross domestic product fell around 10% in the second quarter from the previous three months.
Published Jul 10, 2020 07:39pm
Itau Corpbanca's impairment likely to scrap 2020 profit
Money & Banking

Itau Corpbanca's impairment likely to scrap 2020 profit

  • "This impairment is primarily the result of economic conditions as of June 30, 2020," CorpBanca said.
  • Moura said that due to the coronavirus pandemic, the Chilean unit of Brazil's biggest lender Itau Unibanco Holding SA Corpbanca is likely to post lower-than-expected loan book and fee growth.
Published Jul 10, 2020 07:04pm
Sterling moves higher
Money & Banking

Sterling moves higher

LONDON: Sterling edged higher on Thursday as investors took a fresh look at finance minister Rishi Sunak's plans to...

Published Jul 10, 2020 02:47am
Money & Banking

Aussie, kiwi up

SYDNEY: The Australian and New Zealand dollars held firm on Thursday as the risk-leveraged currencies maintained...

Published Jul 10, 2020 02:47am
Brazil central bank studying 'residual' cut in Selic rate
Money & Banking

Brazil central bank studying 'residual' cut in Selic rate

  • The two tend to go in the same direction, though we understand that we have such a big hiatus that growth is able to return faster without generating a lot of inflation.
  • "We already have some marginal inflation data, albeit very residual, showing for the first time that it is slightly above expectations," Campos Neto said.
Published Jul 09, 2020 06:43pm
US IDFC keen to finance projects in Pakistan
Money & Banking

US IDFC keen to finance projects in Pakistan

  • Boehler stated that funds are available through both debt and equity to finance projects in the private sector in several fields and also for infrastructure projects in the Public-Private Partnership (PPP) mode.
Published Jul 09, 2020 01:34pm
TMB reports Rs18bn in revenue FY2019
Money & Banking

TMB reports Rs18bn in revenue FY2019

  • A two-fold increase in Year-Over-Year wallet accounts was witnessed with more than 3 million increase in monthly active users as compared to 2018.

  • Easypaisa App users increased by about 300% to over 2 million representing the highest number of users of any financial app in Pakistan.

Published Jul 09, 2020 10:51am