Banks News Updates
Bank of Japan holds policy steady as expected (Market Watch)
25 January 2010
The Bank of Japan keeps its policy rate unchanged at 0.1%, as widely expected, and maintains its overall economic assessment, though revising its outlook on deflation.
Faysal Bank Plans to Compete for Purchase of RBS Unit (Update1) (Bloomberg)
25 January 2010
Jan. 26 (Bloomberg) -- Faysal Bank Ltd. , a Pakistani lender, plans to participate in the process to acquire a majority stake in the Pakistan unit of Royal Bank of Scotland Plc, according to a notice issued today.
Polish Central Bank to Keep Rate at Record Low, Survey Shows (Bloomberg)
25 January 2010
Jan. 26 (Bloomberg) -- Poland’s central bank will probably leave its benchmark interest rate at a record low for the seventh month as policy makers expect inflation to slow toward their target.
Bank of Japan Keeps Key Rate at 0.1% as Yen Advances (Update2) (BusinessWeek)
25 January 2010
The Bank of Japan held interest rates near zero and said it remains committed to fighting deflation as gains in the yen risk stunting the recovery from the country’s worst postwar recession.
South African Central Bank Says Independence Protected by Law (Bloomberg)
25 January 2010
Jan. 26 (Bloomberg) -- The South African Reserve Bank said that the independence of the institution is protected by the Constitution and it isn’t motivated by the need to make profits, even though it has private shareholders.
Japan central bank keeps interest rate unchanged (AP via Yahoo! Finance)
25 January 2010
Japan's central bank kept interest rates just above zero Tuesday, pledging to fight deflation and preserve recovery in the world's second-biggest economy.
Bank of Japan Holds Rates Steady (TheStreet.com)
25 January 2010
The Bank of Japan kept its key interest rate steady and upgraded its outlook for growth by projecting real gross domestic product to fall 2.5% in the fiscal year through March.
Oil nears one-month low below $75 - Irish Times
25 January 2010
Oil nears one-month low below $75Irish TimesThe Shanghai Composite Index fell more than 2 per cent, after China's central bank told the banks that needed to raise their reserve ratios to make the ...and more »...
Kyushu Electric Power to Buy Australian LNG From Chevron Corp-Led Venture - Bloomberg
25 January 2010
Kyushu Electric Power to Buy Australian LNG From Chevron Corp-Led VentureBloombergJan. 26 (Bloomberg) -- Kyushu Electric Power Co., a Japanese regional utility, has signed contracts to buy liquefied ...and more »...
Sri Lanka Stocks Advance as Voters Head for Poll - BusinessWeek
25 January 2010
Sri Lanka Stocks Advance as Voters Head for PollBusinessWeekCommercial Bank, the nation's largest private lender by assets, added 2 percent to 189 rupees. Voters in Sri Lanka, located off the southern tip of India, ...
Marcus to announce decision on repo rate - BuaNews Online (press release)
25 January 2010
Marcus to announce decision on repo rateBuaNews Online (press release)Pretoria - Reserve Bank Governor Gill Marcus will later today announce the Monetary Policy Committee's (MPC) decision on the repo rate. ...and more »...
S Korea Won Slips To 4-Week Low; Bonds Gain After GDP Data - Wall Street Journal
25 January 2010
S Korea Won Slips To 4-Week Low; Bonds Gain After GDP DataWall Street Journal"Players are buying back the dollars they had sold earlier, which seems to be the case for most other currencies," said a foreign bank trader. ...
Africa rising - SomalilandPress
25 January 2010
Africa risingSomalilandPressFor many, its tales of war and diamonds, tribal rivalries, plundered treasuries and secret Swiss bank accounts make it too risky. ...and more »...
Dutch to support US bank plan, seek EU support - Reuters
25 January 2010
Dutch to support US bank plan, seek EU supportReutersAMSTERDAM (Reuters) - Dutch Finance Minister Wouter Bos has backed the plan from President Barack Obama to limit the scope and size of banks and reduce ...and more »...