ABU DHABI / WAM History knew the late Sheikh Zayed bin Sultan Al Nahyan as a leader who prioritised charity and humanitarian work, leaving behind a timeless legacy of his giving in various stretches around the world. Sheikh Zayed’s charity work was unbiased and reached many people in various countries. Under his rule, the UAE’s humanitarian and development aid totalled …

BLOOMBERG Some smaller Chinese lenders cut interest rates for time deposits over the weekend, following a similar move by their larger rivals last year, after several lending rate reductions by policy makers started to squeeze their margins. Rural lenders in provinces including Henan and Hubei lowered deposit rates by as much as 45 basis points on some tenors, according to …

BLOOMBERG Kazuo Ueda took over the reins at the Bank of Japan (BOJ), replacing Haruhiko Kuroda, whose decade-long aggressive easing efforts made the central bank capable of jolting global financial markets with just a small tweak to its policy. Ueda began his five-year term, inheriting a monetary stimulus program from Kuroda after $11.7 trillion was spent in the pursuit of …