Latest news with #BarclaysBank
Mint
2 hours ago
- Business
- Mint
Taiwan's Money-Market Rate Slump May Delay Central Bank Easing
(Bloomberg) -- A surge in the Taiwanese dollar last month spurred an influx of funds, driving local money-market rates to the lowest level in more than a year and potentially delaying monetary easing by the central bank. Taiwan's dollar has surged 11% since the end of March, which the central bank said was fueled by 'excessive' inflows from exporters and foreign investors. Meanwhile, overseas buyers poured almost NT$220 billion ($7.4 billion) into local equities in May as the benchmark index gained. That's bolstered liquidity in the interbank market — and the highest interest rate that financial institutions pay to borrow for one week has slid to a 14-month low. Taiwan is one of the few economies in Asia that hasn't kicked off an interest-rate-cut cycle as the elevated inflation and heated housing market offset concerns over the impact of global trade conflicts. Since corporate borrowing costs have already eased, policy makers may have more scope to keep rates on hold in their decision this month. 'The loose condition is beneficial for corporates to get loans from banks,' so the central bank should be in no rush to cut the reserve requirement ratio, Michelle Lam, Greater China economist at Société Générale SA, said in an interview. The front-loading of exports will keep demand resilient for now, so it's more likely to lower RRR or interest rates in December, or even next year, depending on the actual impact of tariffs. In addition to the repatriation of funds and securities inflows, Bumki Son, an economist at Barclays Bank, noted that if the central bank wants to ease the appreciation pressure on the currency, it needs to buy the greenback and sell the local dollar in the market — which is also increasing the supply of local currencies and thereby driving market rates lower. The monetary authority has urged trading firms to buy and sell the US dollar based only on their actual needs, and emphasized foreign investors would be violating regulations if they didn't put their money in securities as they reported. The central bank has stepped up efforts to mop up liquidity. The outstanding negotiable certificates of deposit climbed to a one-year high, with combined issuance in April and May amounting to some NT$630 billion, the most since 2020-2021 when a surge of the currency prompted similar efforts. 'Even if the central bank can drain funds through open market operations, it is sometimes difficult to fully absorb the excessive liquidity,' said Barclays' Son. More stories like this are available on
South Wales Argus
5 days ago
- Business
- South Wales Argus
Ystrad Mynach: Former bank on the market for £200,000
The former Barclays Bank, located at 27 Bedwlwyn, is listed with estate agents Brinsons. This prominent two-storey unit, with a net internal area of 1,493 sq ft, is available immediately. It features a ground floor banking hall and office accommodation over both floors. The property also boasts a strong room, a kitchenette, and WC facilities. Access to the building is provided from both the front and the rear, where car parking facilities are also available. The ground floor is currently fitted out to provide a banking hall, with additional customer service areas and offices. The first floor is arranged to offer office accommodation, male and female WC's, and staff room facilities. The premises is set in a prime location on Ystrad Mynach's main thoroughfare, providing high visibility and accessibility to potential customers. Despite its current set-up as a bank, the property offers versatile space that could be adapted for a variety of retail purposes. The building's central location also places it in close proximity to various amenities and attractions in Hengoed. The area is well-connected with excellent transport links, including a local railway station and bus services for easy access to other local areas. Hengoed also offers a blend of functional amenities and natural beauty. The town is home to a primary school, community centre, post office, and a public house named The Junction. For those who enjoy the outdoors, the linear park along the old railway line, part of the Celtic Trail cycle route, is a highlight. Hengoed is also famous for the Hengoed Viaduct, a historic 16-arch structure offering stunning views across the Rhymney Valley. This former key transport vein, built in 1857, is now a beacon of Hengoed's heritage, still holding its place in the Celtic Trail. Activities in Hengoed range from cycling along the Celtic Trail, exploring the historic Llancaiach Fawr Manor, to enjoying a cinema experience at Showcase Cardiff Nantgarw. Outdoor enthusiasts might enjoy a trek through the Cwmcarn Forest or a trip to Pen-y-fan Pond. This property offers a unique opportunity for a business looking to establish itself in a vibrant, well-connected community.
Bloomberg
27-05-2025
- Business
- Bloomberg
Hedge Funds Bet on Korean Won to Mirror Taiwan Dollar's Surge
Hedge funds are ramping up bets in the options market that the South Korean won will mirror the Taiwan dollar's recent rally against the greenback. Dollar-won option trading volume spiked to this year's high last week, according to the Depository Trust & Clearing Corporation data, as speculation grew that Korea and the US discussed the won's direction in their currency talks. Barclays Bank Plc said there's been increased demand for put options from hedge funds.
ITV News
26-05-2025
- Politics
- ITV News
Women protesting over Israel's Gaza actions arrested in Belfast
The PSNI has defended the arrests of two women, one of whom is a pensioner during a pro-Palestinian protest in Belfast. Sue Pentel, a long-standing campaigner and Martine McCullough were detained by police outside a Barclays Bank branch in Castle Place on Saturday. Both were arrested on suspicion of criminal damage. The PSNI said its actions were lawful and proportionate Speaking to UTV earlier today, the women criticised the PSNI's actions. Jewish grandmother Ms Pentel is a high-profile campaigner against Israel's military offensive on circulated online of the arrest of Ms Pentel indicate the alleged offence related to the placing of stickers on the bank's ATM pensioner and the other woman who was arrested, aged in her 50s, were released later on Saturday pending a report to Northern Ireland's Public Prosecution Service (PPS).Ms Pentel's solicitor Padraig O Muirigh said: 'Our client has refused to remain silent whilst thousands of innocent children have been killed, and many more thousands are starving as food and medicine is refused entry into Palestine.'She has committed no offence and should not be criminalised for exercising her right to peaceful protesting these ongoing atrocities.'Our client will robustly contest any attempt to criminalise her if a decision is made to prosecute.'Mr O Muirigh said he would also be advising Ms Pentel in 'relation to the lawfulness of her arrest'.Sinn Fein Assembly member Pat Sheehan described the police actions as 'disgraceful'.'We will be raising our concerns directly with the PSNI,' he a statement, the PSNI said police received a report relating to a protest in the Castle Place area of Belfast city centre on Saturday morning.A spokesman confirmed two people were arrested on suspicion of criminal said the women were later released pending a report to the has been a target for pro-Palestine protesters who claim the bank is linked to companies supplying weapons to has previously addressed the criticism, saying it provides financial services to nine defence companies supplying Israel but does not directly invest in such bank has said it has become the target of a disinformation campaign over its ties to defence companies.
Sunday World
25-05-2025
- Politics
- Sunday World
Pensioner arrested during pro-Palestine protest outside bank ‘will not stay silent'
Sue Pentel was one of two women held on suspicion of criminal damage after an incident on Saturday Sue Pentel was one of two campaigners arrested on Saturday A pensioner arrested during a pro-Palestine protest outside a bank in Belfast will 'robustly contest' any charges that are brought, her solicitor has said. Sue Pentel was one of two women held on suspicion of criminal damage after an incident on Saturday. The 72-year-old Jewish grandmother is a high-profile campaigner against Israel's military action in Gaza. Her solicitor said she was arrested 'whilst peacefully protesting against the ongoing genocide in Palestine at Barclays Bank'. According to reports, the two women were arrested after stickers promoting a boycott of the bank were allegedly placed on an ATM. There has been criticism of the bank's financial ties with arms companies that sell weapons to Israel. Several other branches of Barclays across the UK have previously been targeted. Videos circulating online show Ms Pentel being spoken to at length by PSNI officers. She tells officers: 'Children are dying in Gaza' and is then led away to the back of a PSNI vehicle. Both women were released on Saturday evening and reported to the Public Prosecution Service. Pádraig O Muirigh, who represents Mrs Pentel said: 'Our client has refused to remain silent whilst thousands of innocent children have been killed, and many more thousands are starving as food and medicine is refused entry into Palestine. "She has committed no offence and should not be criminalised for exercising her right to peaceful protest against these ongoing atrocities. 'Our client will robustly contest any attempt to criminalise her if a decision is made to prosecute. We will also be advising her in relation to the lawfulness of her arrest today.' The PSNI said: 'Police received a report relating to a protest in the Castle Place area of Belfast city centre on Saturday morning, May 24. 'Officers attended and two people have been arrested on suspicion of criminal damage. 'The women – one aged in her 70s and the other in her 50s – are in custody, assisting with police enquiries at this time.' The pair were taken to Musgrave PSNI station, where campaigners gathered to show their support. The IPSC Belfast expressed shock at "the PSNI treatment of a lifelong anti-racist activist who was arrested for standing up to protect international human rights and law'. The group said they support "the international calls for the boycott of companies which help to fund and arm Israel in its brutal campaign against the people of Palestine'. Sinn Fein MLA Pat Sheehan criticised the arrests. Sue Pentel was one of two campaigners arrested on Saturday News in 90 Seconds - May 25th 2025 'It is disgraceful that Sue Pentel — an elderly Jewish woman who has consistently and bravely campaigned for an end to Israel's genocide in Gaza — has been arrested by the PSNI,' he said. 'Highlighting the genocidal, inhumane slaughter of defenceless civilians — and those who enable it — is not a crime.' Mr Sheehan added: 'We will be raising our concerns directly with the PSNI.' People Before Profit MLA Gerry Carroll said: 'All over the world Israel's legitimacy has utterly crumbled. And so the establishment is ramping up its repression to try and silence protestors.' SDLP councillor Paul Doherty said he was 'deeply concerned' by the arrests. He said they happened during a peaceful protest. 'Barclays should rightfully be boycotted due to their financial ties with companies that supply weapons and military technology to Israel,' he added. 'I stand in full solidarity with these activists and call for them to be released without charge.' Barclays Bank has been contacted for comment.
