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Loan growth stalls despite profit, trading gains at some big banks

Apr 13, 2017 01:28 PM EDT
Big U.S. banks revealed more evidence of a slowdown in loan growth in their earnings reports on Thursday, though executives assured there is still healthy demand from borrowers and no reason to worry about the state of the economy.

BlackRock reports 20% decline in Q1 net income

Apr 28, 2016 06:03 PM EDT
BlackRock, a US-based investment company, on Thursday, announced a 20% fall in its earnings for the first quarter that ended March 31, 2016. The firm increased its quarterly dividend to $2.29 a share and announced a share repurchase program worth at $300 million.

Bank of England Warns over Post Brexit Economic Crisis

Apr 28, 2016 06:00 PM EDT
The Bank of England (BoE) has warned that Brexit from European Union will probably cause sterling to slide and eventually hurt the country's economy. The warning appears just two days after the International Monetary Fund (IMF) has cautioned that the global economy will suffer due to Brexit. However, the BoE's warning has angered the pro-Brexit campaigners.

EU Privacy Regulators Request Changes in EU-US Data Transfer Agreement

Apr 28, 2016 05:56 PM EDT
WP29 on Wednesday called for changes in the commercial data transfer pact between the US and EU established 15 years ago. The agency insisted the pact needs to be replaced since it does not provide enough privacy protection.

China's consumers spending rise on spas, travel, entertainment

Mar 21, 2016 11:48 AM EDT
China's consumer spending is expected rise 10 percent annually for the next decade. Consumers of the world's second largest economy are increasing their spending on Spa, travel and entertainment as income levels are on upward movement.

Gold below $1,250/oz on profit booking

Mar 21, 2016 10:15 AM EDT
Gold prices on Monday slipped below psychological mark-$1,250 an ounce on profit booking. Investors preferred to cash in on recent surge in the yellow metal. Gold price fell for four weeks in the past five weeks.

Bank of England Keep Interest Rate at 0.5% Low

Mar 21, 2016 10:08 AM EDT
Nine member of the monetary policy committe (MPC) in Bank of England (BoE) has unanimously voted on Thursday to maintain interest rate as low as 0.5%. Issue of Brexit and weak global outlook is the main factor.

Bank of Egypt Mulling For Tougher Foreign Exchange Regulations Cracking Down The Black Market

Mar 21, 2016 10:05 AM EDT
The Central Bank of Egypt (CBE) has been mulling to weigh tougher regulations on foreign exchange dealers to end a hard currency shortage. The move is part of a broader effort to crack down on the black market aiming to close the gap between dollar demand and supply.

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