China's banking regulator is scrutinising property loan portfolios of some local and foreign lenders to assess systemic risks, sources with knowledge of the matter said, as a crisis in the real estate sector worsens and weighs heavily on the economy.
Falling global oil prices and tempering inflation levels will keep Indian bond yields in tighter ranges and cause longer term yields to compress further, says Kotak Mahindra Asset Management Company.
Britain's next prime minister will not have room to make large, permanent tax cuts, the Institute for Fiscal Studies said on Thursday, challenging the plans of the two Conservative candidates vying to succeed Boris Johnson as prime minister.
The Indian rupee opened lower against the dollar on Thursday, tracking a decline in most Asian currencies as investors reviewed the minutes of July Federal Reserve meeting.
The Indian rupee could open slightly higher against the dollar on Thursday, as odds of a 75 basis points (bps) rate hike by the Federal Reserve next month dropped after it published minutes from its last meeting.
Bank of America said on Wednesday overdraft fee revenue for June and July was down 90% from last year, as a result of lowering the fees charged to customers whose account balances go negative.
The Credit Derivatives Determinations Committee (CDDC) set to decide whether Ukraine's debt payment freeze deal this month justifies payouts of default insurance polices will meet again on Friday it has said.
HSBC has appointed Julian Wentzel as head of global banking for its Middle East, North Africa and Turkey (MENAT) business, according to an internal memo seen by Reuters on Wednesday.
