April, 2023

• 30 April

  Colombia lifts key rate to most since 1999 after market dive

  

  BLOOMBERG Colombia raised interest rates to the highest level since 1999 after political turmoil triggered a plunge in the nation’s bonds and currency. The central bank lifted its benchmark rate by a quarter percentage point to 13.25% on, Governor Leonardo Villar told reporters in Bogota. Four of the seven-member board voted for the move, two voted to hold, and one ...

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• 30 April

  China’s biggest banks post scant profit gains

  

  BLOOMBERG China’s biggest lenders, including Industrial & Commercial Bank of China Ltd (ICBC), eked out profit growth in the first quarter of 2023 as they wrestled with shrinking margins and the lingering economic impact of China’s exit from Covid zero. Net income at ICBC rose 0.02% to 90.2 billion yuan ($13 billion) from the year-earlier period, according to an exchange ...

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• 30 April

  Yen hits weakest level against euro since 2008 in wake of BOJ

  

  BLOOMBERG The slump in the yen spurred by the latest Bank of Japan (BOJ) decision drove the currency to its weakest level since just after the collapse of Lehman Brothers Holdings Inc in 2008. The euro-yen cross rate rose as much as 1.8% to 150.43, a level last seen in September that year, as the Japanese currency dived against all ...

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• 30 April

  US bank deposits up $21.1b, pickup in loans shows stable credit

  

  BLOOMBERG US bank deposits rose in the latest week, a welcome break in a slide that’s seen cash flow into higher-yielding money-market funds amid unease about smaller lenders. Loans also increased, suggesting credit conditions are stable despite several recent bank failures. Deposits rose by $21.1 billion in the week ended on April 19, according to seasonally adjusted data from the ...

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• 30 April

  First Republic’s fate uncertain after stock’s harrowing drop

  

  BLOOMBERG First Republic Bank’s week of harrowing stock drops and urgent work towards a deal to shore up its balance sheet ended with the lender’s fate in limbo. The Federal Deposit Insurance Corp (FDIC), keeping tabs on the bank’s deposits and funding, hasn’t reached a decision on intervening at the troubled lender, according to people with direct knowledge of the ...

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• 30 April

  Sheikh Sultan wishes Sharjah team on winning UAE President’s Cup

  

  SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, received the team of the Sharjah Football Club, which was crowned with the UAE President’s Cup, on Sunday, at Al Badi’ Palace, and directed a reward of AED10 million for the team. This came in the presence of HH Sheikh Sultan ...

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• 30 April

  Sheikh Mansour bin Zayed congratulates Sultan Al Qasimi on Sharjah FC’s win of UAE President’s Cup

  

  ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, congratulated H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, on the Sharjah FC’s win of the UAE President’s Cup. Sheikh Mansour also congratulated the Sharjah football team, their technical and ...

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• 30 April

  Make a Wish Foundation UAE marks World Wish Day 2023

  

  ABU DHABI / WAM Make a Wish Foundation UAE joined the international community in celebrating the World Wish Day 2023, which is celebrated on April 29 every year. Sheikha Shaikha bint Saif bin Mohammed Al Nahyan, wife of HH Dr Sheikh Sultan bin Khalifa Al Nahyan, Adviser to the UAE President, and Honorary President of “Make a Wish” foundation, said, ...

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• 30 April

  Sheikh Maktoum bin Mohammed chairs meeting of FTA’s Board of Directors

  

  DUBAI / WAM His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Chairman of the Board of Directors of the Federal Tax Authority (FTA), chaired the second meeting of the FTA Board of Directors for the year 2023. During the meeting, the board approved the authority’s financial ...

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• 30 April

  Crown Prince of Fujairah, Sri Sri Ravi Shankar emphasise on promoting peaceful co-existence

  

  FUJAIRAH / WAM His Highness Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, met with Gurudev Sri Sri Ravi Shankar, the Indian spiritual leader, and Founder of the Art of Living, an international, non-profit, educational and humanitarian organisation. Discussions were held throughout the meeting on a variety of subjects including the promotion of noble human values, ...

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