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...The bitter exchange marked the latest episode in an escalating dispute between China and the Philippines, which has taken a more assertive stance under President Ferdinand Marcos Jr against Beijing’s coercive...
...In contrast to central banks in North America and Europe, China has cut key borrowing rates over recent years....
...Joe Biden will warn China about its increasingly aggressive activity in the South China Sea this week during summits with Japanese Prime Minister Fumio Kishida and Philippine President Ferdinand Marcos Jr...
...Lloyds Banking Group pushed the Telegraph newspaper group into administration last year over unpaid debts by the Barclays of about £1.1bn, leaving the UK bank to conduct a sale of the right-leaning broadsheet...
...Thomas Timberg Bethesda, MD, US...
...President Joe Biden has told Ferdinand Marcos Jr that the US-Philippines alliance was “ironclad”, stressing that their mutual defence treaty applied to attacks on Filipino armed forces, in a warning to China...
...The diminishing influence of banks in capital allocations explains the greater dynamism in the US economy, argued Fink, and the country’s faster recovery since the financial crisis....
...“The Bank Council and the Governing Board greatly regret Thomas Jordan’s decision,” the central bank said in a statement....
...Joe Biden will warn China about its increasingly aggressive activity in the South China Sea this week during summits with Japanese Prime Minister Fumio Kishida and Philippines President Ferdinand Marcos Jr...
...It is something to watch for as the European reporting season for banks kicks off in earnest next week....
...Thomas Jordan, the long-standing chair of the Swiss National Bank, announced his resignation on Friday, bringing to an end a turbulent tenure of unorthodox policymaking....
...Helen Thomas will be back next week. Have a great week, Nathalie ThomasLex writer nathalie.thomas@ft.com...
...DAZN also claims that the DFL failed to give the company time to provide a requested bank guarantee....
...Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
...Cutting Edge Group (CEG), a music financier, publisher and record label based in London, has secured $500mn from a syndicate of four banks, led by US lender Fifth Third Bank and Northleaf Capital....
...China Construction Bank did not immediately respond to a request for comment. Additional reporting by Cheng Leng in Hong Kong...
...The boss of independent investment bank Peel Hunt warned about a hollowing out of London, amid a dearth of listings: “If we carry along this trajectory we will end up just like the Irish market, which is...
...The Bank of England apparently approves of these so-called capital relief trades. From a Lex column last year: Some [banks] try to reduce their risk-weighted assets....
...The next day, they will meet President Ferdinand Marcos Jr for the first US-Japan-Philippines trilateral summit....
...“BNP Paribas welcomes this decision from the China regulators and remains committed to exploring opportunities for growth in the China market, where the Bank has had a long-standing presence,” the bank said...
...Powell said the Chinese move was probably a reaction to last week’s first-ever US-Japan-Philippines summit in Washington, when President Joe Biden, Philippine President Ferdinand Marcos Jr and Japanese Prime...
...On Monday, the People’s Bank of China held its key medium-term lending rate at 2.5 per cent....
...They included Kimberly Guilfoyle, a former Fox News presenter who later became engaged to his son, Donald Trump Jr, and played a key role in the former president’s 2020 campaign....
...But Lex looked at another concern for the country’s state-owned banks: Russia....
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