Bloomberg The Bank of Japan is reducing the share of funds financial institutions keep at the BOJ that will be subject to the new negative interest rate policy. Enacting a technical adjustment that the central bank indicated was a possibility when it unveiled the new policy in January, the BOJ enlarged the share of new current-account funds that will be ...

Bloomberg Instead of an orderly burial, the wind-down of an Austrian bank is turning into a scene from The Walking Dead. Seven years on from the bailout of Hypo Alpe Aldria Bank, private investors and politicians are still at loggerheads over who should foot the bill. While Hypo Group itself is no more, Heta, the “bad bank” designed to wind ...

Dubai / WAM Retailing in the UAE is expected to reach AED 200 billion by 2017, growing by a 5% on average each year, according to an analysis by the Dubai Chamber of Commerce and Industry. Consumer spending is also expected to continue rising in the medium-term, with growth rates projected to stabilize at about 4% on average per year ...