Bloomberg European Union policy makers are softening plans to stop clients pulling money from banks suffering a financial crisis, according to a draft plan seen by Bloomberg News. Regulators have been debating the length of time that traders and other clients should be suspended from yanking funds when a lender is deemed to be failing. An earlier proposal for two ...

Bloomberg The Czech central bank will probably raise interest rates for the third occasion in less than a year on Thursday and for the first time since 2013 release a currency outlook that may guide investors on what to expect in further monetary tightening. The Czech National Bank will raise its main interest rate to 0.75 percent from 0.5 percent, ...

Bloomberg For a central bank that’s become used to an almost limitless ability to steer markets, Hungary’s rate meeting served as a measure of reckoning, with officials looking to guide their latest round of unconventional easing back on track. Policy makers, who had to scramble to revamp the rules after a swap sale sparked the biggest bond sell-off in more ...

Bloomberg Traders in India’s battered bond market want the central bank to play the role of a savior. With the market reeling under the worst selloff in almost two decades, investors say the Reserve Bank of India should consider buying support as well as expand the quota limits for global funds. Absent that, they expect the declines to continue. “To ...

Bloomberg ING Groep NV, the biggest Dutch lender, saw expenses increase as a proportion of income last year as Chief Executive Officer Ralph Hamers said the bank increased spending on measures that will help it cut costs further in the future. ING reported a cost-to-income ratio of 59.9 percent in the fourth quarter, a rise from a year earlier and ...

Bloomberg The Bank of Japan increased the amount of bonds it offered to buy at a regular operation for the first time since July, helping to bring down yields and weaken the yen. The BOJ sought to buy 330 billion yen ($3 billion) of 3-to-5 year debt, more than the 300 billion yen at the last operation, it said a ...

DUBAI / WAM The National Bank of Ras Al Khaimah (RAKBank) reported a 22 percent y-on-y jump in net profit, which reached AED810.5 million in 2017, up from AED663 million a year earlier. “The figure puts net profit in the fourth quarter of 2017 at AED204.2 million, close to twice the AED108.7 million in net profit in the same quarter ...

ABU DHABI / WAM The Ministry of Health and Prevention (MOHAP) and Mubadala Investment Company (Mubadala) signed a Memorandum of Understanding (MoU) to explore cooperation across eight key healthcare pillars. The agreement will see the organisations collaborate on a range of healthcare and therapeutic areas in which Mubadala Healthcare and its network of world class healthcare companies has deep expertise. ...

DUBAI / WAM Private healthcare in the Gulf Cooperation Council region, estimated at $62 billion in 2016, is forecasted to expand 8.7 percent annually, to reach $94 billion in 2021, according to MENA Research Partners (MRP), a leading research company in the region. The Kingdom of Saudi Arabia and the UAE together represent more than two third of the market, ...

ABU DHABI / WAM Customers with contracts for the supply of Murban crude oil from the Abu Dhabi National Oil Company (ADNOC) have been advised of a 25 percent cut in allocations for March 2018, ADNOC sources have confirmed. In a Twitter message, the Minister of Energy and Industry, Suhail Mohammed Faraj Al Mazroui, said that the cut was ‘in ...