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European stocks advance as bank earnings show upside

Bloomberg European stocks ticker higher as corporate earnings continued to deliver upside surprises while investors assessed remarks from central bankers that higher interest rates are needed to bring inflation under control. The Stoxx 600 Index rises 0.2%, led by banks, as HSBC Holdings Plc posted better-than-estimated profits. S&P 500 contracts slipped following the best month for US stocks since November ...

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Bitcoin declines after best month of 2022

  Bloomberg Bitcoin declined after reaching the highest levels since mid-June on Saturday amid optimism that the market may have recovered from its worst levels. The largest cryptocurrency dropped as much as 2.8% to $23,130 on Monday after hitting $24,658 on Saturday, its highest since June 13. Its 27% gain in July made for the best month since October. Ether ...

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CBUAE eases borrowing norms for Sheikh Zayed Housing Programme

  ABU DHABI / WAM The central bank of the UAE (CBUAE) issued a notice to all banks and finance companies operating in the UAE on housing loans granted to beneficiaries of Home Finance of Sheikh Zayed Housing Programme (SZHP). The notice included details of the CBUAE decision, in agreement with SZHP and in line with Article (5) of the ...

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