India’s central bank tells Tata Sons to take conglomerate public
RBI rejects group’s appeal against forced listing, setting the stage for what could become India’s biggest IPO
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RBI rejects group’s appeal against forced listing, setting the stage for what could become India’s biggest IPO
articles | July current account data will be released on Monday. We forecast that the deficit was only slightly narrower…
Ukraine’s State Statistics Service revised its second-quarter 2026 GDP estimate down to 0.4% year-on-year, from a 0.6% flash estimate, and to 0.3% quarter-on-quarter, below the National Bank’s earlier 0.8% calculation. Nominal GDP reached just under Hr. 2.31 trillion ($51.8 billion).
Central bank balance sheets will stay large
The ECB’s decision was largely priced in before it was announced, but mortgage rates could rise further across the eurozone’s biggest economies as banks respond to persistent inflation and elevated market rates.
Government-backed networks such as UPI and Pix explore link-ups with central banks overseas
Steve Bloomfield | This week’s move suggests that, even in the age of Trump, Britain will once again have an ‘ethical dimension’ to its foreign policy. That’s good for the world Almost 30 years ago, the Labour titan Robin Cook announced his arrival at the Foreign Office by laying out what would become described as an “ethical foreign policy”. The UK, he said, “must support the demands of other peoples for the democratic rights on which we insist for ourselves”. Human rights would be “at the heart of our foreign policy”.In the 25 years since Cook was demoted, Britain has had a further 14 foreign secretaries – including seven in the past six years – few of whom can claim to have placed progressive ideals at the heart of their actions. Ed Miliband’s speech on Tuesday outlining the UK’s decision to impose economic sanctions on Israeli settlements in the West Bank – and unveiling the international coalition he has built to support it – suggests that Cook may finally have a successor.Steve Bloomfield is the former international editor of the Observer and a previous winner of the Orwell prize Continue reading...
Austrian central bank governor Martin Kocher says risk of elevated inflation is higher than it was a few months ago
The Russian Central Bank's board of directors on Sept. 11 decided to keep the key rate at 14%, the first time the regulator has opted not to cut it since mid-June 2025.
Britain announced this week that it will ban imports from Israeli communities in Judea and Samaria and sanction companies that help those communities grow, with France and Canada to follow.
MUMBAI, Sept 11 (Reuters) - Finance ministers and central bank governors of BRICS countries have called for reform of global developmental financial institutions such as the International Monetary Fund and World Bank, seeking a stronger voice for emerging market economies."With the growing share of emerging market and developing economies in global output and growth, reform of global economic governance remains a consistent BRICS priority," finance chiefs of BRICS countries said in a joint statement issued late on Thursday.
Central bank digital currencies can make cross-border faster and more efficient, said Herman Gref, CEO and chairman of the executive board of Sberbank.
Russia’s Central Bank kept its key interest rate at 14% on Friday, saying that rising fuel costs, driven…
KB Financial Group selected Vice Chairman Lee Jae-keun as its next chairman for a three-year term, surprising a market that had widely expected incumbent Chairman Yang Jong-hee to secure another term. Lee was selected over Yang and former Woori Bank CEO Kwon Kwang-seok. His appointment is due to be finalized at a shareholders meeting on Nov. 20, when Yang's current term expires. "The group selected Lee to lead a bold transformation and generational shift as it seeks to strengthen its core competitiveness and secure new growth engines beyond its current strong performance," the group's chairman recommendation committee said in a statement. At Friday's meeting, the committee conducted two-hour in-depth interviews with each of the three shortlisted candidates. They were assessed on five criteria: professional experience and expertise, leadership, morality, alignment with the group's vision and values, and commitment to sound management over the short and long term. The committee then held a final vote. The leadership change comes as financial authorities pursue governance reforms aimed at c
Lee Jae-keun, who was named KB Financial Group's next chairman on Friday, is a KB veteran who has held senior roles spanning finance, strategy, global operations and wealth management for more than three decades. Lee, born in 1966, graduated from Sogang University with a degree in mathematics before studying financial engineering at the Korea Advanced Institute of Science and Technology. In 1993, he joined Housing & Commercial Bank, a predecessor of KB Kookmin Bank, and has spent more than three decades at KB. Lee served as head of financial planning and chief financial officer (CFO) at the holding company, where he played a leading role in the acquisitions of LIG Insurance, Hyundai Securities and Woori Financial, a consumer lending company formerly owned by Woori Financial Group, helping diversify the group's non-bank portfolio. He then moved to the banking unit, serving as CFO and head of sales before being named the industry's youngest bank chief in 2022. During his three-year tenure, Lee helped reshape the bank's earnings structure and laid the groundwork for record net income in 202
KB Financial Group selected Vice Chairman Lee Jae-keun as its next chairman for a three-year term, surprising a market that had widely expected incumbent Chairman Yang Jong-hee to secure another term. Lee was selected over Yang and former Woori Bank CEO Kwon Kwang-seok. His appointment is due to be finalized at a shareholders meeting on Nov. 20, when Yang's current term expires. "The group selected Lee to lead a bold transformation and generational shift as it seeks to strengthen its core competitiveness and secure new growth engines beyond its current strong performance," the group's chairman recommendation committee said in a statement. At Friday's meeting, the committee conducted two-hour in-depth interviews with each of the three shortlisted candidates. They were assessed on five criteria: professional experience and expertise, leadership, morality, alignment with the group's vision and values, and commitment to sound management over the short and long term. The committee then held a final vote. The leadership change comes as financial authorities pursue governance reforms aimed at c
KB Financial Group selected Vice Chairman Lee Jae-keun as its next chairman for a three-year term, the financial holding company said Friday. Lee was selected over incumbent Chairman Yang Jong-hee and former Woori Bank CEO Kwon Kwang-seok. His appointment is due to be finalized at a shareholder meeting on Nov. 20, when Yang's current term expires. "The group selected Lee to lead a bold transformation and generational shift as it seeks to strengthen its core competitiveness and secure new growth engines beyond its current strong performance," the group's chairman recommendation committee said in a statement.
The Turkish central bank left its key policy rate, the one-week repo auction rate, at 37% on Thursday,…
US Treasury secretary’s claims of insider knowledge could erode market perceptions of Japanese central bank’s independence
Hwang Ki-yeon, chairman and CEO of the Export-Import Bank of Korea (Korea Eximbank), held a series of high-level meetings with officials from 10 African countries in Seoul to discuss development projects and ways to support Korean companies seeking to enter the continent's growing markets, the bank said Friday. The meetings were held on the sidelines of the 8th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference, which brought together government delegations from 45 African countries. Hwang met with the vice president of Botswana and finance ministers from Tanzania, Kenya, Rwanda, Ghana, Egypt, Uganda, Zimbabwe, Lesotho and Sierra Leone on Wednesday and Thursday. The talks covered each country's development needs, potential projects financed through the Economic Development Cooperation Fund (EDCF) and ways to facilitate Korean companies' participation in development projects, according to Korea Eximbank. One of the projects discussed was the construction of an artificial intelligence (AI) and digital technology training institute in Tanzania. The project, approved in August
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Hungary’s central bank governor has spoken of the pitfalls of euro adoption: this, he says, is how a…