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World
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International
1/10/2023 5:31:26 PM
The US Federal Reserve has only a limited role to play in combating climate change, Chair Jerome Powell said Tuesday, a stance that puts him at odds with environmental activists who have pushed central banks worldwide to take steps to restrict lending to energy companies.
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Business
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Economy
12/15/2022 5:04:27 PM
The European Central Bank slowed its record pace of interest rate hikes only slightly Thursday, joining the U.S. Federal Reserve and other central banks around the world in reinforcing an inflation crackdown while glimpsing headway against the high prices that are plaguing consumers.
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Business
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Markets & Companies
12/12/2022 6:22:00 PM
Wall Street pushed higher but European and Asian stock markets dropped Monday as investors looked ahead to interest rate decisions this week from major central banks including the Federal Reserve.
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Business
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Markets & Companies
9/23/2022 5:32:31 PM
Stocks tumbled worldwide Friday on more signs the global economy is weakening, just as central banks raise the pressure even more with additional interest rate hikes.
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World
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International
9/22/2022 11:10:09 PM
Stocks fell on Wall Street in afternoon trading on Thursday and added to weekly losses for major indexes as central banks around the world hiked interest rates to fight inflation.
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Business
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Economy
9/8/2022 5:40:59 PM
The European Central Bank made its largest-ever interest rate increase Thursday, following the U.S. Federal Reserve and other central banks in a global stampede of rapid rate hikes meant to snuff out the inflation that is squeezing consumers and pushing Europe toward recession.
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War in Ukraine
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Economy
8/16/2022 11:47:50 AM
Oil prices extended losses Tuesday after below-par US and Chinese data reinforced recession expectations, while equities were mixed as traders debate whether the data will allow central banks to temper their interest rate hikes.
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World
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International
7/21/2022 3:12:47 PM
The European Central Bank raised interest rates Thursday for the first time in 11 years, joining steps already taken by the U.S. Federal Reserve and other major central banks but raising new questions about whether the rush to make credit more expensive will plunge major economies into recession at the price of fighting inflation.
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Business
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Markets & Companies
6/23/2022 11:48:40 AM
Asian markets mostly rose Thursday on bargain buying after the previous day's battering, though oil extended losses after US Federal Reserve boss Jerome Powell admitted the economy could tip into recession as the bank hikes interest rates to fight runaway inflation.
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Business
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Markets & Companies
6/20/2022 11:46:48 AM
Markets were mixed Monday having pared earlier losses but sentiment continues to be clouded by fears that central bank moves to rein in soaring inflation will induce a recession.
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War in Ukraine
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Economy
6/9/2022 1:27:17 PM
The European Central Bank is expected Thursday to end a key economic stimulus program and map out its plan to raise interest rates for the first time in more than a decade as it seeks to join the U.S. Federal Reserve and other central banks in tackling high inflation. But it's a delicate balance to not further slow economic growth.
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War in Ukraine
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Economy
3/17/2022 12:34:07 PM
The Bank of England on Thursday is likely to raise its key interest rate for the third time since December as it pushes ahead faster than other central banks in combating a global wave of inflation fueled by soaring energy prices.
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Al-Ahram Weekly
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Opinion
2/14/2022 4:05:00 PM
There is now no longer any doubt that the recent wave of inflation worldwide is here to stay, putting additional pressures on the world’s central banks, writes Mahmoud Mohieldin
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Business
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Economy
1/11/2022 2:45:49 PM
The total Islamic bonds (sukuk) issued in 2021 worldwide grew significantly by 36.1 percent Y-o-Y to reach $252.3 billion, with central banks, governments, and multilateral institutions dominating sukuk issuances, Fitch Ratings said on Tuesday.
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Business
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Economy
9/13/2021 5:22:15 PM
The report comes in the wake of an announcement by the Bank of International Settlements and the central banks of Singapore, Australia, Malaysia, and South Africa that they had started testing CBDCs for cross-border settlements
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Business
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Economy
6/10/2021 1:59:17 PM
According to the MoU, the two central banks will cooperate in fields of licenses, the ownership structures of the licensed financial institutions, and acquisition processes licenses
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Business
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Economy
4/28/2021 11:14:37 AM
The statement comes on the occasion of celebrating the Arab day for financial inclusion
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Business
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Economy
12/15/2020 5:15:26 PM
The IMF suggested a new framework that can help central banks contain future shocks while fighting the ongoing crisis
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Business
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Economy
12/10/2020 5:20:14 PM
The Switzerland-based Bank of International Settlements is owned by 63 central banks of countries that together account for about 95 percent of world GDP
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Business
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Economy
8/4/2020 1:00:44 PM
Gold prices have surged about 30% so far this year, supported mainly by lower interest rates and widespread stimulus measures by global central banks to ease the economic blow from the pandemic
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