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EU court orders Latvian authorities to l...
RIGA, Feb. 26 (Xinhua) -- Bank of Latvia Governor Ilmars Rimsevics can resume work as head of the Baltic country's central bank thanks to a verdict delivered on Tuesday by the European Court of Justi
Kenya bank to boost WeChat Pay, Alipay p...
NAIROBI, March 25 (Xinhua) -- Kenyan-based regional financial institution Equity Bank plans to boost presence of WeChat Pay and Alipay in Africa, a banker said on Monday. Jack Ngare, managing directo
Bank of China launches Wealth Management...
KUALA LUMPUR, March 6 (Xinhua) -- Bank of China (BOC) Malaysia Branch launched its Wealth Management Banking Center on Wednesday, the first among the banking group's Southeast Asia's entities to do s
German central bank to transfer more pro...
BERLIN, Feb. 27 (Xinhua) -- Bundesbank, the German central bank, will transfer 2.4 billion euros of its profits made in 2018 to the governmental budget, a significant increase compared with 1.9 billi
China's central bank continues to skip o...
BEIJING, March 28 (Xinhua) -- China's central bank continued to skip open market operations on Thursday, citing abundant liquidity in the banking system. The People's Bank of China said the overall l
Five killed in central Florida bank shoo...
A gunman killed five people inside a bank in central Florida on Wednesday, then called the police himself and eventually surrendered, local authorities said.The shooting occurred at the SunTrust Bank
2nd LD Writethru: Trump nominates Treasu...
WASHINGTON, Feb. 6 (Xinhua) -- U.S. President Donald Trump announced Wednesday that he has chosen David Malpass, undersecretary for international affairs at the U.S. Treasury Department, as the U.S.
PayPal now lets US users instantly trans...
PayPal, a longtime alternative to directly using payment cards, cash and bank transfers to make payments for goods online and in stores with 267 million individual customer accounts and 21 million mer
Deutsche Bank and Commerzbank confirm ta...
BERLIN, March 18 (Xinhua) -- Deutsche Bank and Commerzbank have entered talks about a possible merger, the two German banks confirmed on Sunday. "Deutsche Bank is reviewing strategic options and conf
Berlin backs Deutsche Bank merger despit...
Berlin is so worried about the health of Deutsche Bank that it pushed for a merger with rival Commerzbank even though it could open up a huge financial shortfall, a German official told Reuters. Deut
World Bank to increase support for Leban...
BEIRUT, March 11 (Xinhua) -- Saroj Kumar Jha, regional director for World Bank Middle East Department, said on Monday that the World Bank will increase its support for the health sector in Lebanon. "
U.S. slaps sanctions on Russian bank ove...
WASHINGTON, March 11 (Xinhua) -- The United States on Monday imposed sanctions on a Russian bank which it claimed has business ties with a designated Venezuelan state-owned oil company, the latest mo
Reserve Bank of New Zeland mulls raising...
WELLINGTON, Feb. 26 (Xinhua) -- Increasing the amount of capital banks hold will improve the safety of New Zealand's financial system and economic wellbeing, Reserve Bank of New Zealand Deputy Govern
China's SPD Bank sees 2018 net profit up...
BEIJING, March 26 (Xinhua) -- Shanghai Pudong Development Bank (SPD Bank) said its net profit for 2018 climbed 3.05 percent year on year to 55.91 billion yuan (about 8.34 billion U.S. dollars). Reven
Zimbabwe largest mobile network firm adj...
HARARE, Feb. 26 (Xinhua) -- Zimbabwe's largest mobile network services provider Econet Wireless on Tuesday announced an adjustment in tariffs for roaming and international calling services to reflect
Central bank injects liquidity into mark...
BEIJING, March 18 (Xinhua) -- China's central bank injected liquidity into the money market through reverse repos Monday. The People's Bank of China (PBOC) conducted 60 billion yuan (about 9 billion
Israeli man dies of wounds sustained in ...
JERUSALEM, March 18 (Xinhua) -- An Israeli man injured in a West Bank shooting attack succumbed to his wounds on Monday, raising the attack's death toll to two. Rabbi Achiad Ettinger, 47, died of his
Malaysia leaves policy rate unchanged at...
KUALA LUMPUR, March 5 (Xinhua) -- Malaysia's central bank, Bank Negara, announced on Tuesday the decision to maintain its Overnight Policy Rate (OPR) at 3.25 percent. The central bank said in a state
Russian Central Bank expects growth to p...
The Russian Central Bank expects the economic growth to pick up in the second half of this year, First Deputy Governor of the Russian Central Bank Ksenia Yudayeva said Monday. "There is no reason to
U.S. Treasury official Malpass becomes o...
The World Bank announced on Thursday that David Malpass, undersecretary for international affairs at the U.S. Treasury Department, is the only candidate for the next president of the bank. The bank'
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