Seoul / Reuters South Korea’s central bank kept interest rates untouched on Tuesday for a 10th straight month, and its governor stressed that the current rate level supports economic growth, although a lowered growth forecast for this year kept expectations of a rate cut alive. The Bank of Korea (BOK) committee held its base rate steady at 1.50 percent, ...

  Bloomberg The strengthening krona may force Sweden’s central bank to add stimulus again as criticism mounts that its unprecedented policy moves are threatening stability in the largest Nordic economy. While all 20 analysts surveyed by Bloomberg predict that the main rate will be kept unchanged at a record low of minus 0.5 percent, the Riksbank may extend its government ...

  Reuters Samba Financial Group, Saudi Arabia’s third-largest bank by assets, reported a 1.4 percent drop in first-quarter net profit on Tuesday, in line with analyst forecasts. The bank made a profit of 1.26 billion riyals ($336.1 million) in the three months to March 31, down from 1.28 billion riyals in the same period a year earlier, it said in ...