COLOMBO / Reuters Some Sri Lankan banks stopped buying Qatar Riyal on Tuesday, saying their counterpart banks in Singapore advised them not to accept the currency a day after the Arab world’s biggest powers cut ties with Qatar. Dealers at four local private banks said they have stopped buying Qatar Riyal. “Our counter-party in Singapore has asked us not to ...

Bloomberg The Bank of Israel has a new message for the market: Don’t assume it will follow the US path on interest rates. Investors and economists long speculated that the Bank of Israel, anxious about a strengthening local currency, would keep rates on hold until the US Federal Reserve had raised its lending rate a few times. As the rate ...

Bloomberg Emilio Saracho’s plan to turn around Banco Popular Espanol SA has become a struggle for survival. Just four months after the former JPMorgan Chase & Co. banker took charge, the troubled lender is exploring ways to bolster its cash and short-term funds and may request additional central bank loans, a person familiar with the matter has said. Expansion newspaper ...