Saudi Arabia Is Making a High-Risk $1 Trillion Bet on Tourism
The kingdom must overcome a conservative image and concern about human rights. Visit the desert oasis town of AlUla to understand the challenge.
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The kingdom must overcome a conservative image and concern about human rights. Visit the desert oasis town of AlUla to understand the challenge.
Jury selection was completed Friday for Donald Trump’s first criminal trial, setting the stage for opening arguments Monday in a New York case accusing the former president of falsifying business records to conceal a sex scandal before the 2016 election.
Higher-than-expected interest rates amid persistent inflation are perceived as the biggest threat to financial stability among market participants and observers, according to the Federal Reserve.
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China’s securities regulator said it will encourage the nation’s companies to list in Hong Kong as it unveiled a package of measures to bolster the city’s position as an international financial hub.
Jul 13, 2017
BNN Bloomberg
Canada’s big banks increased their prime lending rates on Wednesday.
Hours after the Bank of Canada’s decision to increase its key interest rate 25 basis points to 0.75 per cent, Royal Bank (RY.TO), TD Bank (TD.TO), Bank of Nova Scotia (BNS.TO), CIBC (CM.TO), Bank of Montreal (BMO.TO), National Bank (NA.TO), Laurentian Bank, and HSBC Bank Canada all boosted their rates.
RBC was first to move, raising its prime rate 25 basis points higher to 2.95 per cent, effective July 13.
The rest followed suit with identical moves later in the afternoon.
Banks use the prime rate to help determine interest rates on various loans, including variable-rate mortgages.