Six Romanian central bank board members voted to scale down the pace of monetary policy tightening and hike interest rates by less than expected at the Aug. 5 meeting, while the remaining three favoured a bigger raise, minutes showed on Friday.
Credit Suisse Group AG's top shareholder Harris Associates has asked the Zurich-based lender to fix its investment bank unit or seek other options, Bloomberg News reported on Friday.
The Indian rupee slipped against the U.S. currency on Friday as the dollar got a boost from U.S. labour data and hawkish comments from Federal Reserve officials.
The Indian rupee opened lower versus the U.S. currency on Friday as Asian currencies fell on concerns that the Federal Reserve could continue to hike rates aggressively.
The Indian rupee is expected to open lower against the U.S. currency on Friday after the dollar index reached a one-month high following comments from U.S. Federal Reserve officials over the quantum of rate hikes.
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.
