Bank of Montreal (BMO) closed out a mixed quarter for Canada's biggest banks on Tuesday, with investors and analysts expecting some earnings drivers to ebb and economic uncertainties to increase in future quarters.
Gulf banks with exposure to Turkey are expected to make further net monetary losses on their investments in the second half of this year and into 2023, ratings agency Fitch said on Tuesday.
Hungary's central bank raised its base interest rate by 100 basis points to 11.75% on Tuesday to fight inflation which is seen peaking near 20% later this year, with upside inflation risks still on the rise.
Hungarian central bank Deputy Governor Barnabas Virag will hold an online news conference after Tuesday's policy meeting from 1300 GMT, the National Bank of Hungary (NBH) said.
India's Axis Bank is in talks to acquire a stake in Go Digit Life Insurance, two sources with direct knowledge of the matter told Reuters, as the country's third biggest private lender seeks to tap a fast-growing insurance market.
Five of China's largest banks showed wounds from the ongoing property sector crisis, with bad debts linked to real estate surging in the first half of the year, even as they posted modest profits against the backdrop of an economic slowdown.
Qatar's central bank has issued its first license for digital payments services to iPay by Vodafone Qatar and Ooredoo Money, it said in a tweet on Tuesday.
The International Monetary Fund's (IMF) executive board approved a flexible credit line of around $18.5 billion for Chile to give the world's leading copper miner greater flexibility to confront risks from commodities price shocks to financial tightening.
Representatives of Colombia's oil, mining and tourism industries told opposition lawmakers on Monday a $5.7 billion tax reform proposed by the government of leftist President Gustavo Petro could put their sectors at risk.
