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Key PointsIn the most basic banking model, deposits fund loans, like mortgages.
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SEOUL, Sept. 16 (Yonhap) -- Seoul shares turned higher late Wednesday morning, l...
WASHINGTON, Sept 15 (Reuters) - U.S. Treasury Secretary Scott Bessent defended a range of Trump administration economic policies before lawmakers on Tuesday, from currency and bond market interventions to AI safety, disclosing plans to meet with his Chinese counterpart this weekend.
Gold prices were subdued on Wednesday as market participants hunkered down ahead of the US Federal Reserve’s policy decision, where a rate hike is widely expected. Spot gold was down 0.1% at $4,288.48 per ounce, as of 0143 GMT, after scaling a more than one-month low on Monday.
Stocks were mixed at the start of the Asian trading session on Wednesday as a rise in global bond yields and oil prices paused ahead of the US Federal Reserve's policy decision due later in the day. In Hong Kong, the benchmark Hang Seng Index opened up 122 points, or 0.5 percent, at 24,789 before falling into loss territory to be 36…
