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Euro near three-month low after soft data, dollar looks to Fed s minutes | Money

Wednesday, 07 Jul 2021 09:23 AM MYT Investor sentiment in Germany, the euro zone’s biggest economy, fell sharply in July, though it remained at a very high level, the ZEW economic research institute reported. Reuters pic Follow us on Instagram and subscribe to our Telegram channel for the latest updates. TOKYO, July 7 The euro staggered near a three-month low against the dollar today after disappointing German data raised doubts about the strength of the economic recovery, while the dollar awaited the Federal Reserve’s minutes from its last policy meeting. The single currency changed hands at US$1.1820 (RM4.92), having touched a three-month low of US$1.1806 yesterday. Against the yen, it fell to 130.81 yen, edging near its two-month low of 130.05 set on June 21.

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Subhajit Deb, Global CISO and DPO (APAC), Dr Reddy s Laboratories

Subhajit Deb, Global CISO and DPO (APAC), Dr Reddy s Laboratories
govinfosecurity.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from govinfosecurity.com Daily Mail and Mail on Sunday newspapers.

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Japan bank head says transition funds are critical for climate

Japan bank head says transition funds are critical for climate Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/ Makoto Takashima, chairman of the Japanese Bankers Association, speaks during an interview in Tokyo last month. Takashima assumed the post of chairman on Thursday. | BLOOMBERG Bloomberg Jul 1, 2021 Helping big polluters transform into greener enterprises is one of the biggest challenges facing Japanese banks, and simply cutting off funding for “brown” companies could jeopardize those transition efforts, said the head of the country’s banking group.

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Sumitomo Mitsui to acquire 4 99% stake in RCBC for P4 48B

By JON VIKTOR D. CABUENAS, GMA News Published June 29, 2021 1:54pm Rizal Commercial Banking Corp. (RCBC) on Tuesday said it has entered an agreement to sell a 4.99% stake to Japan’s Sumitomo Mitsui Banking Corp. (SMBC) for P4.48 billion. In an emailed statement, RCBC said the agreement covers 101,850,000 treasury shares, with the proceeds to be used for lending activities. “The proceeds from the investment will allow the bank to finance the different requirements of key customers in the corporate, SME, and consumer segments and expand the reach of its sustainable finance framework,” RCBC said. SMBC ended the first quarter with $2.215 trillion in total assets and a capital adequacy ratio of 18.61%.

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RCBC eyes bigger digital market with Japan s SMBC – Manila Bulletin

RCBC eyes bigger digital market with Japan s SMBC – Manila Bulletin
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.

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