Bank

Israel's Consumer Price Index (CPI) for May will be published tomorrow and the outlook is not optimistic. Analysts agree that the consumer price index rose by 0.5%-0.6% in May, bringing the inflation rate over the…

ReutersBank of America said Broadcom could be the next stock to reach a $1 trillion market cap.The chip maker's stock is rising after its quarterly profits exceeded estimates.Bank of America said strong sales, debt paydowns and…

In the coming weeks, we will see a picture of deteriorating data and it will be clear that the Bank of Canada is falling behind the curve. The overnight interest rate of 4.75% is still very restrictive in an over-leveraged…

Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa:…

Written by Lanan Nguyen NEW YORK (Reuters) - America's oldest bank is getting a new name. Bank of New York Mellon (NYSE:) is adopting BNY as its new moniker, it announced Tuesday. The company also unveiled signs in large letters…

On Wednesday, BMO Capital revised its position on... Western Canadian Bank (TSX::CN) (OTC: CBWBF), downgraded the stock from outperform to market perform, while simultaneously raising its price target to C$52.00 from C$35.00. This…

Written by Brijesh Patel and Ashitha Shivaprasad SINGAPORE (Reuters) - China, the sector's biggest official gold buyer, is expected to resume its bullion buying spree once prices fall from record highs reached in May, with the…

A decade after its founding, and three years after supermarket chain Shufersal became a partner, payments app company PayBox, headed by Arik Frishman, could become wholly owned by Israel's Discount Bank. The bank,…

Kenya will use part of the recently obtained Sh156.8 billion loan from the World Bank to clear the outstanding balance of Sh65.3 billion ($500 million) from its first Eurobond maturing on June 24. The final sovereign bond payment for…

Robert Holzmann is the Governor of the Austrian Central Bank and a member of the Governing Council of the European Central Bank, described by many critics as the A1 hawk at the table. Holzmann spoke in a radio interview on Saturday with…