Foreign bank market

Nigerian stocks gain N17 billion, but decline in trade volume throws gloom

Nigerian stocks rose 0.08% on Friday, as the value of shares rose by N16.9 billion, supported by investors’ greater willingness to own stocks than to sell them. But the growing decline in the amount of shares traded still casts doubt on the market’s ability to return to pre-pandemic levels, a …

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Lebanon needs $ 12 billion to $ 15 billion to jumpstart recovery (central bank)

Published on: 12/21/2021 – 1:30 PM Beirut (AFP) – Lebanon needs to receive 12 to 15 billion dollars from its partners to start its economic recovery and consolidate its rapidly declining foreign exchange reserves, Central Bank Governor Riad Salameh said on Tuesday. Lebanon is grappling with an unprecedented economic crisis …

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Over 100 U.S. Banks Watch Tassat Group Make First Real-Time Digital Payment Between Two Banks Using Blockchain Technology

NEW YORK–(COMMERCIAL THREAD) –Groupe Tassat inc. unveiled the country’s first real-time digital interbank network (“the Network”) and the technological infrastructure that underpins it with a live demonstration attended by more than 100 banks from across the country. Held today at the Times Center in New York City, the event was …

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Chinese companies in yuan as c.bank keeps MLF rate unchanged, Fed in focus

SHANGHAI, Dec. 15 (Reuters) – The Chinese yuan strengthened on Wednesday after the central bank left a policy rate unchanged, as new data shows factory output rose faster than expected, but traders and analysts expect the currency’s further gains to be limited. Traders said moves would also be muted as …

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Swiss National Bank should rely on currency purchases to tame the franc: poll

ZURICH – The Swiss National Bank will resist the urge to change interest rates to tame a strengthening Swiss franc and instead rely on currency purchases, analysts polled by Reuters ahead of the central bank’s monetary policy decision say . Although the Swissie hit its highest level against the euro …

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Do you want to own shares in Chinese companies?

IINVESTORS ARE still speculating on what Didi Global, a transit giant, has done to anger Chinese regulators. Some say he has gone madly ahead with his initial public offering of $ 4.4 billion (Initial Public Offering) in New York despite advice from officials to delay registration. Others suggest he stole …

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A 10-year Treasury yield of 2% or greater has been elusive. Here are the banks that are making their call for 2022.

Large financial firms, such as JPMorgan Chase & Co. and Morgan Stanley, are once again forecasting a 10-year Treasury yield of 2% and above for 2022, supported by expectations of stronger growth in the United States. Earlier calls to 2% in 2021 were hampered by a year of uneven progress …

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RBNZ’s Hawkesby Says Higher Currency Will Help Bank Goals

WELLINGTON, Dec. 7 (Reuters) – A higher New Zealand dollar will help the central bank meet its policy goals faster, including managing the risks of rising inflation, Deputy Governor Christian Hawkesby said on Tuesday. “For now, a higher currency in the short term will actually help us meet our goals …

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Traders Watchlist: Top 12 Data Points to Know Before the Market Opening Bell on December 6

The Indian market saw a surge in sales on Friday amid Omicron fears as Sensex fell more than 765 points and Nifty50 dropped the key 17,200 mark level, led by banking, metals and auto stocks. At the sector level, selling was visible in almost all indexes such as banking, automotive, …

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