The BOJ raised its benchmark policy rate to “around 0.25%” in a 7-2 split decision in July, marking its highest interest rate since 2008.
Chinese stocks close sharply higher after Beijing affirms stimulus measures; property stocks spike
Asia-Pacific markets rose on Thursday, led by Hong Kong’s Hang Seng index and the mainland Chinese markets which extended gains toward the session close.
Fearful of the ‘middle-income trap,’ Indonesia pushes for major policy reform
The nation’s finance minister said its yearly 5% GDP growth of is “not enough” for Indonesia to achieve the progress needed to become a high-income country.
France’s biggest lender says there are ‘too many’ European banks as UniCredit moves on Commerzbank
BNP Paribas Chief Financial Officer Lars Machenil on Thursday voiced his support for greater integration in Europe’s banking sector.
UniCredit’s pursuit of Commerzbank reflects a watershed moment for Europe — and its banking union
European banking’s latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc’s incomplete banking union.