Hong Kong&#39;s De Facto Bank Matches Hike
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Hong Kong&#39;s de facto central bank on Thursday raised its key rate by a quarter of a percentage point to 3.50 percent, matching the latest rate hike by the US Federal Reserve.
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China&#39;s central bank jolted global financial markets by raising its benchmark interest rates for the first time in nine years to cool the world&#39;s fastest-growing major economy.
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The Asian Development Bank has revised up its economic growth forecast for Hong Kong this year to 7.5 per cent from the 6 per cent it projected in April, due to stronger than expected retail sales and the surge in tourist arrivals.
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Australia&#39;s central bank on Tuesday  provided banks with more cash than expected to try to combat a  sharp rise in bank bill rates as the sector felt the impact of  the global credit squeeze.
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The Bank of England has held its key interest rate at 4.75 percent, opting against a further rise after last month's surprise quarter-point increase.
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MUMBAI: The Reserve Bank of India surprised the market on Tuesday by raising the overnight benchmark repo rate by 25 basis points to 4.75 per cent, citing concerns about a rise in inflation in Asia&#39;s fourth-largest economy.
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HONG KONG: Hong Kong stocks rose almost half a percentage point in a shortened final trading day of 2004 on Friday with selective, last-minute buying capping off a generally strong year.
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China raised its benchmark interest rates on Thursday for the sixth time this year, in the latest in a series of tightening steps to contain inflation and prevent the world's fourth-largest economy from overheating.
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China's central bank on Thursday raised interest rates for the first time in nearly a decade in a surprise move that was the boldest so far aimed at guiding a heated economy onto a path of slower growth.
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BEIJING, Aug. 19 (Xinhuanet) -- Bank of England policy-makers voted unanimously to raise the interest rates by a quarter point this month, as economic growth outstripped supply capacity, according to the minutes of the Monetary Policy Committee (MPC) ...
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New Zealand&#39;s central bank is set to raise its interest rates, already the highest in the developed world, and leave the door open for more rises to combat
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The Bank of England held its key interest rate at 4.75 percent, opting against a further rise after last month's surprise quarter-point increase, the central bank announced.
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TAIPEI/HONG KONG  - HSBC  will receive T$47.5 billion (US$1.5 billion) in Taiwan government funds and make a major cash infusion to rescue the failed Chinese Bank, in the latest Taiwan acquisition by a major foreign bank.
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ST George will rely on a touchy feely approach to banking in the face of greater foreign competition. Dragon supremo Gail Kelly yesterday reasserted the bank&#39;s commitment to a human touch after unveiling a record annual profit.
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Business & money: 9.30am: Shares in the bank jumped almost 3% after recommendation.
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MUMBAI: The Reserve Bank of India Tuesday raised its key repurchase agreement rate a quarter percentage point to 4.75 percent, its first such hike in more than four years, to check inflation that has hovered at multiyear highs in recent months.
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The Reserve Bank has raised the Official Cash Rate by a further 25 basis points, to 6.5 percent. It&#39;s the sixth rate rise this year, and matches market anticipations.