06302016Thu
Last update: Thu, 30 Jun 2016 06pm

Banking & Finance

Business & Finance - Banking & Finance

Ukraine's central bank buys $70.8mn at forex auction KIEV: The National Bank of Ukraine bought $70.8 million from banks on Thursday, one of the largest amounts in recent weeks, after a weeklong break in the central bank's auctions on a market which sees the local currency firming. On Thursday, the bank said it would buy up to $100 million, accepting bids at an exchange rate between 24.8150-24.8300 hryvnias per dollar.Banks offered $81.4 million. At its last auction on June 22, the central bank bought $22.4 million at 24.89-24.90 per dollar. Meanwhile, the hryvnia's average rate on the interbank market firmed to 24.8242 from 24.8544 per dollar in the previous day.The central bank has bought $429.6 million since early June, following its requirement to banks to sell part of their foreign exchange earnings.Copyright Reuters, 2016 ...

Business & Finance - Banking & Finance

Egypt central bank governor says no change to debit card usage rules abroad CAIRO: Egyptian Central Bank Governor Tarek Amer said on Thursday that there was no change to the rules on using debit cards abroad and that it was up to individual banks to set limits on client usage. Amer's comments, made to state news agency MENA, came a day after an official central bank letter reviewed by Reuters showed the bank ordered bank chiefs to ban usage of debit cards linked to local currency accounts abroad. ...

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Czech central bank says risks to inflation forecast slightly on downside PRAGUE: Risks to the Czech central bank's inflation forecast remained slightly on the downside, the central bank said in a presentation after a monetary policy meeting on Thursday. The bank kept its weak-crown policy in place, pledging to avert the currency's firming beyond 27 per euro, and reiterated that it still saw the policy likely ending in mid-2017.It said Britain's vote to leave the European Union created an uncertainty for the forecast but did not ...

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Reserve Bank of India suspends euro transactions via Asian Clearing Union MUMBAI: The Reserve Bank of India on Thursday temporarily suspended all euro transactions through the Asian Clearing Union (ACU) mechanism from July 1 and said all such trades will now have to be settled outside the system until further notice. The central bank did not specify a reason for this measure but said in a statement that it was taken as the payment channel for processing ACU euro transactions is "under review." A trader told ...

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Lloyds to sell US$1bn 5-year senior bond Thursday NEW YORK: Lloyds Banking Group announced a US$1bn five-year senior unsecured bond on Thursday, the first US dollar deal from a UK bank since the country voted last week to leave the European Union. Initial price thoughts are set in the area of 225bp over Treasuries. Citigroup, HSBC, Lloyds and Morgan Stanley are joint bookrunners. Copyright Reuters, 2016 ...

Business & Finance - Banking & Finance

Egypt central bank governor says no change to debit card usage rules abroad CAIRO: Egyptian Central Bank Governor Tarek Amer said on Thursday that there was no change to the rules on using debit cards abroad and that it was up to individual banks to set limits on client usage. "It is up to each bank to set limits on its clients' usage of foreign currency abroad through debit cards linked to local currency accounts, but we need vigilance because some clients use debit cards to get large ...

Business & Finance - Banking & Finance

Singapore bank suspends loans for London properties after Brexit SINGAPORE: A top Singapore bank said Thursday it has suspended loans to anyone wanting to buy property in London, citing uncertainty from Britain's vote to quit the EU and dealing a blow to investors looking to make the most of the weak pound.United Overseas Bank (UOB), one of the city-state's three homegrown lenders, said it was monitoring the market closely to determine when the loans would resume."We will temporarily stop receiving foreign property loan applications ...