Markets outpace central banks as rate cut bets fuel ‘everything rally’
Markets have raced ahead of the US, euro zone and UK central banks to price in sizeable and frenetic interest rate cuts next year, fueling a so-called everything rally that…
Fear pervades occupied West Bank hospital after deadly Israeli raid
A climate of fear pervades a hospital in the occupied West Bank city of Jenin, where patients and doctors are reeling from last month’s deadly raid by Israeli agents disguised…
West Bank economy in tatters as Gaza war rages
In the occupied West Bank, Hafeth Ghazawneh waits in quiet frustration for customers to visit his falafel stall, which has been deserted since the October 7 Hamas attacks in Israel.…
Job cuts, lean bonuses loom over Europe’s bankers in 2024
A mix of global economic unease and geopolitical uncertainty means optimism is in short supply among bankers from the City of London to Frankfurt’s ‘Mainhattan’ financial district. Even rainmakers renowned…
Concerns of the World Bank
An article titled “Economic Turnaround Moment?” has recently been published in the newspaper, Dawn. It has been written by Martin Raiser, World Bank Vice President for South Asia, and by…
AI – the bank of tomorrow
It is 2030. Imagine walking down I.I. Chundrigar Road Karachi. Imagine what will you see? Imagine if banking becomes totally digital. Imagine if branches disappear. Imagine if AI robots looking…
Global banks see no recession, US companies are more circumspect
Heading into 2024, analysts say the US recession they’d been forecasting for two years isn’t coming anymore. Everyone else, from companies to investors, is still bracing for a slowdown caused…
Loans linked to ESG face overhaul by under-pressure banks
Corporate loans whose costs are linked to environmental, social and governance (ESG) goals are being redesigned by banks in response to rising regulatory pressure and to inject more credibility into…
Traders bet ECB will be first big central bank to cut rates
Financial markets are ramping up expectations for interest rate cuts from the European Central Bank, betting it will be the first major central bank to ease policy to buffer a…
US investment banks see early signs of revival in dealmaking
Major Wall Street firms said a dismal year of dealmaking appears to have hit a trough, and now some companies are looking to merge, offering hope that investment banking revenues…
