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BofA’s banks says S&P 500 may hit 2,600

  Bloomberg The S&P 500 Index could reach 2,600 as the global economy improves and corporate earnings climb, said Keith Banks, president of Bank of America Corp.’s (BofA) US Trust unit. “It’s natural to get nervous when you’ve seen the run that we’ve seen, but what I would bring things back to are underlying fundamentals,” Banks said in an interview ...

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Qatar central bank raises policy rates

  DOHA / Reuters Qatar’s central bank said that it raised its overnight lending rate by 25 basis points to 5.0 percent after the U.S. Federal Reserve tightened policy by a similar margin. The central bank also increased its overnight deposit rate by 25 bps to 1.25 percent. However, the central bank reduced banks’ reserve requirement — the amount of ...

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Google to revamp ad policies after UK, big brands boycott

  Bloomberg Google, the primary revenue driver for Alphabet Inc., announced changes to its advertising policies after major brands pulled ads from the platform because they appeared alongside offensive content, such as videos promoting terrorism or anti-Semitism. The US company said in a blog post it would give clients more control over where their ads appear on both YouTube, the ...

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