Bank

The bank will buy back shares with a total value of up to 500 million shekels. Israel's Discount Bank reported a 40% rise in third-quarter profit to NIS 1.2…

The Bank of England's ability to set effective interest rates is hampered by unreliable labor market statistics, according to its governor Andrew Bailey, who highlighted the lack of accurate data on the UK workforce as a "huge…

The Kenya Cooperative Bank posted a 4.4 per cent growth in net profit to Sh19.2 billion in the nine months to September 2024, due to higher interest and non-interest income. The growth in earnings from Sh18.39 billion recorded in the…

The share of loans provided by the World Bank and the International Monetary Fund more than doubled to a record 43.3 percent of foreign loans, strengthening the hands of the two institutions in influencing economic policy in Kenya.…

The IMF and World Bank have disagreed over the push to end Kenya Power's monopoly on selling electricity to homes and businesses. The International Monetary Fund wants Kenya to speed up regulations that would allow other companies to…

The Bank of England cut interest rates by 25 basis points to 4.75%, its second cut this year as inflationary pressures begin to ease and economic data point to a slowdown in wage growth. The nine-member Monetary Policy Committee…

The Treasury's bank referral scheme, which aims to increase access to finance for small businesses, has come under intense scrutiny after a recent audit revealed it secured loans for just one in twenty referred businesses. Under…

The World Bank has warned the Kenyan government as it seeks to end Kenya Power's monopoly on selling electricity to homes and businesses, saying exposing the utilities to competition would lead to higher electricity prices. Bretton…

The Central Bank of Argentina (BCRA) has unveiled a unique art exhibition at the Hector Carlos Janson Historical and Numismatic Museum with a spotlight on Bitcoin. The exhibition, titled “Art, Artificial Intelligence and the Future…

The Bank of Japan (BOJ) maintained its short-term interest rate target at 0.25% at its policy meeting today, while signaling increased confidence in the economic outlook that could pave the way for further monetary tightening as early as…