Read the latest news from regional and global sources, presenting different voices and perspectives.
Big banks clash over $US100 iron ore outlook
Financial Review
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August 18, 2025
Westpac’s veteran commodity strategist Robert Rennie has for months been warning that iron ore will plunge below $US100 a tonne later this year. So when ANZ declared prices will remain above that key psychological level for the rest of 2025, it...
Hurricane Erin Causing mandatory evacuations in the Outer Banks
WCTI - North Carolina
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Due to forecasted coastal flooding and ocean over wash expectations, officials have decided to issue a State of Emergency for all of Dare County as of Sunday, August 17th at 6:00 P.M. The Hyde County Board of Commissioners coming to a similar...
First-time franchisee banks on Tokyo-style takoyaki, Filipino affinity for cheese
Inquirer
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August 18, 2025
Jun Watanabe’s decision to bring Gindaco to Manila comes down to one simple reason: There’s not a single shop that truly focuses on the ballsy joy of these savory street snacks. “On my YouTube channel, I used to rate ramen in the Philippines. Some...
Suncorp banks on brand ‘firepower’
Insurance News
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Suncorp says its multi-brand strategy remains key after starting this financial year as a pureplay general insurer following the sale of its bank and life operations. The insurer expects 2025-26 gross written premium growth to be in the mid single...
Currency Outside Banks Tapers to N4.49trn, Now 90% of Cash in Circulation
This Day
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August 18, 2025
Nume Ekeghe Currency outside the formal banking system moderated to N4.49 trillion in June 2025, down from N4.63 trillion in May, though it continued to dominate overall liquidity by accounting for about 90 per cent of total circulation. Currency...
BOB RUBIN: Woke Banks Are Cancelling Americans – Here Is How They Should Fight Back
The Daily Caller
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August 18, 2025
Imagine this: You run a successful business. You pay your bills. You have done nothing wrong. Then one day, you get a letter from your bank saying your accounts are being closed with no explanation, just “policy.” The truth? You gave money to a...
A name change will benefit ‘small finance banks’: Baskar Babu
The Hindu Business Line
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August 18, 2025
Small finance banks (SFBs) seem to have come of age, with the Reserve Bank of India recently giving in-principle approval to the largest among them — AU SFB — to transition to a universal bank.In an interaction with businessline, Baskar Babu R,...
The migrant hotel flashpoint in the heart of London's banking district: How Canary Wharf has become a asylum seeker 'dumping ground' with 'terrified' locals scared to leave homes
Daily Mail
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August 18, 2025
Once hailed as a 'miniature Manhattan', Canary Wharf's new status as a migrant hotel flashpoint has been seized upon as evidence of its decline. The decision to house hundreds of illegal migrants in the heart of East London's banking district has...
Attention Outer Banks vacationers: Mandatory evacuation ordered for Hatteras island ahead of Erin
InsideNoVa - Virginia
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August 17, 2025
Emergency management officials on Sunday declared a state of emergency and ordered the evacuation of Hatteras Island on North Carolina's Outer Banks beginning Monday due to threats from Hurricane Erin. Dare County's senior leaders met Sunday...
Corporate borrowing shifts to banks as SBI MCLR spread over bonds narrows
The Economic Times
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August 17, 2025
Mumbai: Corporates are poised to return to bank lending as the spread between State Bank of India's (SBI) Marginal Cost of Funds-based Lending Rate (MCLR) and bond yields continues to narrow. The spread, which had widened to 210 basis points in...
Family & kids events this week in Outer Banks: Aug. 17-23
Outer Banks Times - North Carolina
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August 17, 2025
Jeanne Holmgren Director at Carteret County Public Library System | Carteret County websiteJeanne Holmgren Director at Carteret County Public Library System | Carteret County website The following family & kids events are scheduled to take place...
Hong Kong’s Klook taps banks for US IPO: report
Deal Street Asia
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Klook, a travel booking services company, has hired investment banks to help arrange a potential initial public offering in the U.S., according to two people with knowledge of the matter. The Hong Kong-based company, backed by investors including...
Hong Kong banks to run out of AI, green finance talent by 2030, study shows
South China Morning Post
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August 18, 2025
“We want to see local banks provide more training for their staff to upgrade their knowledge and skills to plug the talent shortage gap, instead of using higher pay to fight for talent from other banks,” Arthur Yuen Kwok-hang, deputy chief...
The global divide on ‘de-banking’: How the US, UK and EU approach risk
Euronews
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August 17, 2025
Imagine logging into your bank account one morning and finding everything frozen—cards declined, standing orders stopped and your savings untouchable. No fraud alert, no bounced cheque. Just a brief message: “We are closing your account. Please...
All eyes on Jerome Powell as central bankers meet at Jackson Hole
The Times
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The world’s most powerful central bankers will gather for their annual jamboree at Jackson Hole, Wyoming, this week where the attention of financial markets and the US president will be squarely on one man: Jerome Powell. The embattled chairman of...
Competition Commission and international banks to square off in ConCourt over rand price-fixing accusations
Daily Maverick
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August 17, 2025
The Constitutional Court is due to hear four days of legal argument in a matter involving the Competition Commission and more than two dozen banks from across the world, which the commission has accused of “the most egregious form of...
Trump’s tariffs to worsen the slump in one large corner of Indian banking
Mint
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August 18, 2025
Sectors including textiles, jewellery, apparel, seafood, machinery and mechanical appliances, chemicals, and auto components are expected to bear the brunt of the 50% tariffs on Indian goods entering the US. Direct lending by top banks such as...
Major banks lead domestic salary rankings
Donga Ilbo
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In the first half of this year, employees at South Korea’s four major commercial banks earned an average of 63.5 million won, a record high that surpasses domestic giants such as Samsung Electronics and Hyundai Motor. For the first time on a...
Klook taps banks for US IPO, sources say
Yahoo Finance
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By Echo Wang and Julie Zhu NEW YORK (Reuters) -Klook, a travel booking services company, has hired investment banks to help arrange a potential initial public offering in the U.S., according to two people with knowledge of the matter. The Hong...
Avenor Rural Bank Plc ranked 43rd among 127 rural banks
Ghana News Agency
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August 17, 2025
By Agbaxode Emmanuel Akatsi (VR), Aug. 17, GNA – The Avenor Rural Bank Plc, with its headquarters at Akatsi in the Akatsi South Municipality of the Volta Region has been ranked 43rd among 127 Rural Banks assessed across the country under the 2024...