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money

Dubai Customs organizes seminar on money laundry The seminar was attended by representatives from the Federal Customs, Dubai Police, the Naturalization and Residency Administration and the Department of Economic Development.



Bank of England voted 7-2 to hold rates at 5.25 percent Bank of England policymakers voted 7-2 to keep the key interest rate at 5.25 percent in April, minutes of their latest meeting showed on Wednesday.



Still room to raise bank reserve ratio: China central bank China still has room to raise reserve requirements for commercial banks after previous hikes failed to slow lending and price increases, state media said Tuesday, citing the central bank chief.



ECB meets on key rate, expected to stay at 3.75 percent The European Central Bank sat down to its regular monthly policy meeting here on Thursday, with the financial markets unanimous that it would keep its key interest rates steady for the second month in a row.



Bank of England lifts key interest rate to six-year high The Bank of England decided on Thursday to raise its key interest rate by a quarter-point to a 5.50 percent, the highest level since 2001, after British inflation soared to a 10-year high in March.



ECB holds key rates steady as markets bet on June hike The European Central Bank held its key interest rates steady as expected here on Thursday, but ECB watchers a counting on a further rise in eurozone borrowing costs next month.



ECB holds key rates steady, but flags June rate rise The European Central Bank held its key interest rates steady as expected here on Thursday, but ECB chief Jean-Claude Trichet sent clear signals of a further rise in eurozone borrowing costs next month.



IBQ staff combats money laundering All employees of the International Bank of Qatar (IBQ) upgraded their ‘Combating the Financial Terrorism (CFT)’ knowledge and improved their Anti-Money Laundering (AML) skills after a 2 full-day training sessions that concluded last week.



ECB report underscores likely interest rate hike The European Central Bank indicated Thursday that it would likely raise eurozone interest rates at its June meeting by reiterating its tough stance against inflation.



China taking bull market by horns: analysts China's fourth rate hike in the past year is partly aimed at taming a rampant bull market, but the move is unlikely to deter the country's millions of small investors, analysts said.



ECB to stop talking in riddles: Bundesbank boss The European Central Bank will stop using "code words" to signal interest rate changes when the current tightening cycle ends, German Bundesbank President Axel Weber vowed in an interview published Tuesday.