Recent Posts

Riksbank commits to rate hike plan, backs off currency lever

Bloomberg Sweden’s central bank committed to a plan to raise interest rates this year and dropped a mandate that had allowed policy makers to intervene rapidly in the currency market to help drive inflation higher. The krona gained on the news, after many in the market had expected the Stockholm-based Riksbank to signal a more cautious stance. The bank left ...

Read More »

BOJ reduces purchases of bonds to arrest yield slide

Bloomberg The Bank of Japan (BOJ) reduced purchases of bonds for the first time in two months, stepping in to arrest a decline in yields amid a global debt rally spurred by rising risks to growth worldwide. The central bank offered to buy 180 billion yen ($1.6 billion) of securities maturing in 10-to-25 years at regular operation, versus 200 billion ...

Read More »

Compliance cost hits profit of ABN Amro

Bloomberg ABN Amro Group NV missed fourth quarter profit estimates on increased anti-money laundering costs and an anticipated dividend increase failed to materialise. The Dutch lender kept its dividend at 1.45 euros for 2018, the same as the year before, missing analyst estimates of 1.54 euros. Fourth quarter net income was 316 million euros, this result includes 85 million euros ...

Read More »
Send this to a friend