Last update: Mon, 23 Jan 2017 07am

Money and Banking: World


The Saudi finance ministry said on Sunday there would be no fees applied on remittances out of the country, days after the kingdom's advisory Shura Council said it was looking at a proposal to impose a 6 percent levy on expatriate remittances.
Interbank buy/sell rates for the taka against the dollar on Sunday. 78.95-78.95 (previous 78.95-78.95).
President Nicolas Maduro on Sunday announced the firing of Venezuela''s Central Bank chief, amid a deep economic crisis worsened by the recent bungled release of bigger denomination banknotes.
Turkey has taken some in the market by surprise after announcing a US dollar 10-year benchmark. The country has been engulfed by a series of negative economic and political headlines, which had seen the lira hit a series of record lows against the US dollar.
Doha Bank, Qatar's fifth-largest lender by assets, reported a 84.8 percent decline in fourth-quarter net profit on Sunday, according to Reuters calculations, missing analyst expectations.
Riyad Bank, Saudi Arabia's fourth-largest lender by assets, posted a 65.6 percent fall in fourth-quarter net profit on Monday, falling well short of analysts' forecasts.
Bank of America, Morgan Stanley and Wells Fargo flooded the market with US $18.75bn of senior debt on Tuesday, jumping into the primary with bond offerings after releasing results.