Most stock markets in the Gulf ended higher on Thursday amid rising oil prices but the gains were limited after a surprise interest rate hike by Bank of Canada brought back fears that U.S. rates could stay higher for longer.
Britain's largest mortgage provider Halifax will ramp up interest rates for new home loans on Wednesday, according to pricing provided to brokers, the latest major lender to do so in response to soaring funding costs.
A veritable parade of overseas CEOs including Tesla's Elon Musk and Goldman Sachs' David Solomon have made their way to a reopened China in the last few months.
UBS and the Swiss government have negotiated a state backstop that neither side wants to use. It could nonetheless prove extremely useful for the bank’s Chief Executive Sergio Ermotti, who needs all the capital help he can get.
India's Yes Bank sees scope to expand its net interest margin by 100 basis points over the next three years by raising more low-cost deposits and lending to higher-yield clients, its managing director and CEO told Reuters on Wednesday.