For the 14th consecutive year, the country’s current account recorded a surplus, bringing the balance of payments position for full year 2016 to a deficit of $420 million, a reversal of the $2.6 billion surplus registered in 2015.
SINGAPORE/WASHINGTON- The Federal Reserve’s return to higher interest rates could lend a hand to beleaguered counterparts in Japan and Europe and signal the end of a long cycle of monetary stimulus across Asia, as central banks from Beijing to Ankara to London reacted on Thursday to the U.S. policy change.
LONDON - After several years of restructuring and regulatory pressure, investment banks have reached a turning point after Donald Trump became American president and can look to grow again, according to a study published on Friday.
NEW YORK- Only two years ago, an outage similar to the one that struck Amazon’s cloud services last month would have reinforced U.S. financial firms’ view that shifting data and systems onto the public cloud was just too risky.
NEW YORK - Investors seeking to offset the effects of the Federal Reserve’s interest rate hike on Wednesday are pouring money into US loan funds, which is expected to keep a $208 billion refinancing wave rolling as new leveraged loans remain in short supply.
LONDON - After a year that tipped conventional wisdom on its head, the coming week might suggest a return to some sort of normality for the global economy -- or instead take investors into a whole new round of uncertainty.
FRANKFURT- The European Central Bank pledged on Thursday to keep its aggressive stimulus policy in place at least until the end of the year but signalled a diminishing urgency for more policy action, enough to send the euro and bond yields higher.
LONDON- A draft communique prepared for next week’s gathering of G20 finance chiefs has dropped the group’s standard pledges on the need for flexible yet stable exchange rates and orderly markets, suggesting it could prove a landmark event for currency markets.
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