Stay updated with breaking news from Facility Rate. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
ASIA: Asia was an outlier for Zara owner Inditex last year, the only region where profits fell as China faced COVID-19 lockdowns, while profit ballooned in the Americas, the fashion retailer's annual report showed on Thursday. Inditex, the world's biggest fashion retailer, reported record annual sales on Wednesday. It has been expanding in the
ASIA: The IMF has warned that an abrupt change in Japan’s ultra-loose monetary regime would have “meaningful spillover” effects on global financial markets, underscoring the need for the Bank of Japan to clearly communicate about its future policy. IMF’s first deputy managing director Gita Gopinath called on BoJ to take a flexible approach to
ASIA: Citigroup Inc said it will wind down its consumer banking business in China, a move which is expected to affect about 1,200 employees in the country. The exit will include products such as deposits, insurance, mortgages, investments, loans and cards, the lender said in a statement Thursday. The bank will also explore options
STOCKHOLM -- Sweden central bank (Riksbank) announced on Thursday a 75-percentage-point key rate hike to 2.5 percent -- the highest in 14 years. The Riksbank sa
COLOMBO, Nov. 24 (Xinhua) -- The Central Bank of Sri Lanka said Thursday it has decided to maintain its Standing Deposit Facility Rate and Standing Lending Faci