Bloomberg The European Central Bank (ECB) could stop buying bonds as early as next September if inflation looks to have sustainably returned to the official target, Governing Council member Robert Holzmann said. Introduced in 2015, the bank’s asset purchase program, or APP, was designed to get consumer-price growth back to 2%, according to Holzmann, who heads Austria’s central bank and ...

Bloomberg ABN Amro Bank NV reported third-quarter profit that beat estimates as the Dutch lender released money it had stashed for doubtful loans and said it’s in talks with its regulator about buying back stock. The bank, based in Amsterdam, saw net income jump 14% from a year earlier to 343 million euros ($397 million). That was higher than the ...

Bloomberg Mexico’s central bank upcoming monetary policy decisions will be data driven and depend on any additional price shocks, Governor Alejandro Diaz de Leon said, signalling that policy makers aren’t committed to an established path for interest rates. “We’re not pointing in any direction nor ruling out any direction,” Diaz de Leon said in a telephone interview. “We’re signalling that ...

Bloomberg Nigeria’s currency rebounded in the illegal market as the central bank boosted sales of dollars to commercial banks, according to traders. The currency strengthened to an average 540 to a dollar from about 570 a week ago in unauthorised markets in Lagos and other cities where foreign currency is freely traded, according to Abubakar Mohammed, chief executive officer for ...

Bloomberg Peru’s central bank tightened monetary policy for a fourth straight month after inflation accelerated to its fastest pace in more than 12 years. Policy makers, led by bank President Julio Velarde, raised their key interest rate by a half-point to 2%, as forecast by six of eight economists surveyed by Bloomberg. One analyst expected an increase of 75 basis ...

Bloomberg For years, Chinese leaders have been fighting an uphill battle to drive funding for small business. They are counting on Beijing’s first-ever stock exchange to get the job done. The Beijing Stock Exchange, which launches on Monday, is intended as a platform to house small and medium-sized companies that have long faced difficulty raising capital because they aren’t large ...

Bloomberg Asia’s earnings growth slowed considerably in the latest quarter, putting the region’s already lackluster stock markets further behind global peers. Third-quarter earnings per share grew by 36% for MSCI Asia Pacific Index members, a muted performance compared with the triple-digit gains in the first half thanks to the rebound from the pandemic, according to the latest earnings data compiled ...

SHARJAH / WAM As the UAE gears for its golden jubilee celebrations, the Sharjah National Day Celebrations Committee announced an 11-day cultural extravaganza to mark the nation’s remarkable 50-year journey dotted with memorable accomplishments. The cultural programmes will be staged across the emirate’s different regions from November 23 to December 3. Catering to all age groups and nationalities, the festivities ...

ABU DHABI / WAM Mohamed Helal Al Mheiri, Director-General of Abu Dhabi Chamber of Commerce and Industry (ADCCI), discussed with Tatiana Lavrentyeva, Head of Russia’s Novgorod Export Support Centre, ways to implement joint projects and expand trade relations between Russian regions and Abu Dhabi. This occurred during a visit of Lavrentyeva to Abu Dhabi Chamber, attended by Abdullah Ghurair Al ...

Sharjah / WAM At a business networking event, titled “Discover a World of Investment Opportunities in Sharjah” organised by the Sharjah FDI Office (Invest in Sharjah), as a participant in Expo 2020 Dubai, regional and global investors capitalised on insightful information on emerging business prospects in manufacturing, creative industries, technology, and other key sectors. Continuing on its strategic mission to ...