The Central Bank of Azerbaijan (CBA) and The Bank of New York Mellon Corporation (BNY) discussed ways to deepen cooperation in Azerbaijan's financial sector. According to the CBA, Chairman Taleh Kazimov met BNY Executive Vice Chair Khani Kablawi on the sidelines of the Annual Meetings of the World Bank and the International Monetary Fund. The talks covered developments in Azerbaijan's financial sector and initiatives to modernize its regulatory and supervisory framework. BNY, founded in 1784 and headquartered in New York, is a global provider of asset custody, investment management and payments services, operating in more than 100 markets. As of June 30, 2026, it reported $62.6 trillion in assets under custody and administration and $2.2 trillion in assets under management.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on trend.az ↗
Related news
- CBUAE, Monetary Authority of Singapore discuss cooperation in digital payments, green finance
The Central Bank of the UAE (CBUAE) held a bilateral meeting with the Monetary Authority of Singapore (MAS) on the sidelines of the 2026 IMF and World Bank Annual Meetings in Bangkok to deepen cooperation. CBUAE Assistant Governors Ebrahim Obaid Al Zaabi, Ahmed Saeed Al Qamzi and Mohamed Hussain Al Marzooqi met MAS Deputy Managing Director Leong Sing Chiong and other senior officials. The sides discussed central bank digital currencies, cross-border trade and settlement, cross-border QR code payments, green finance and climate-related financial risk, building on a 2009 memorandum of understanding. Al Qamzi said the partnership, which spans more than 17 years, will expand into cross-border payment and settlement solutions to facilitate trade and investment between the two countries.
- WB , IMF cooperation boosts Azerbaijan economic resilience – Kazimov
Central Bank of Azerbaijan Chairman Taleh Kazimov said long-standing cooperation with the World Bank and IMF strengthens institutional capacity and economic resilience, speaking at a Constituency Group meeting on the sidelines of the Annual Meetings. Since joining the World Bank, Azerbaijan has received about $4.9 billion for 53 projects in infrastructure, energy, transport, water management and institutional reform. The World Bank projects GDP growth to rise from 1.2% in 2026 to 1.8% in 2027 and 1.9% in 2028, after a slowdown caused by the structural decline of the oil sector and weaker non-oil growth. The IMF forecasts growth of 1.7% in 2026 and 2.3% in 2027, below its April forecasts of 2.2% and 2.5%, after GDP grew 1.4% in 2025. Inflation is expected to ease from 5.8% in 2026 to 5.6% in 2027, according to the IMF.
- China central bank to boost support for global investors in financial markets
- Luxembourg Highlights Value of Cooperation at IMF , World Bank Meetings
Luxembourg's Finance Minister Gilles Roth attended the World Bank and IMF annual meetings in Bangkok from 13 to 16 October, where officials discussed mobilising private capital, structural reforms, debt sustainability and resilience to climate and energy challenges. On the sidelines, Roth held bilateral talks with counterparts from Thailand, India, Oman, Liechtenstein and Malaysia, as well as a delegation from Togo, and signed a Memorandum of Understanding with Thailand to deepen ties between the two countries' financial sectors. He also met IMF Managing Director Kristalina Georgieva and ADB President Masato Kanda, joined a ministerial roundtable on Ukraine, and attended the launch of the Anti-Money Laundering and Anti-Corruption Fund (AMLAC). Roth said the meetings showed the value of multilateralism and that Luxembourg will keep promoting its role as a leading financial centre.
- Luxembourg Highlights Value of Cooperation at IMF, World Bank Meetings
Luxembourg's Finance Minister Gilles Roth attended the World Bank and IMF annual meetings in Bangkok from 13 to 16 October 2026, where discussions covered mobilising private capital, structural reforms, public debt sustainability and resilience to climate and energy challenges. On the sidelines, he signed a Memorandum of Understanding with Thailand to deepen ties between the two countries' financial sectors and held bilateral talks with counterparts from India, Oman, Liechtenstein and Malaysia, as well as a delegation from Togo. He also met IMF Managing Director Kristalina Georgieva and Asian Development Bank President Masato Kanda, took part in a ministerial roundtable on Ukraine, and attended the launch of the Anti-Money Laundering and Anti-Corruption Fund (AMLAC). Roth said Luxembourg will continue to champion an international order based on clear rules and consolidate its position as a leading financial centre.
- BNY stock pops on strong earnings — showing exactly why we like this bank in this market
BNY shares went from flat to up more than 3% on the day after the bank beat expectations for third-quarter revenue and adjusted earnings. Revenue rose 12% year over year to $5.7 billion, above the $5.5 billion consensus per LSEG, marking the 15th straight quarter of revenue growth. Adjusted EPS climbed 24% to $2.37, versus $2.27 expected, excluding a 3-cent severance expense. Fee revenue grew 12%, net interest income rose 15%, and assets under custody and administration increased 10%, while the CET1 ratio was 10.9% against the Federal Reserve's 8.5% minimum. Management raised its full-year guidance, and the analyst team reiterated a buy-equivalent 1 rating with a $180 price target.
Related markets
Latest news
- Iran warns US and Israel
Iran's Armed Forces Chief of Staff, Major General Ali Abdollahi, warned on October 18 that the US and Israel would face a far harsher response if they continue actions Tehran considers provocative. He said Tehran is awaiting their next moves and that Iran's armed forces remain ready for any scenario. Tehran accuses Washington and Tel Aviv of trying to weaken its government, and tensions have risen since earlier conflicts, including a 12-day war. Iran says it will not back down under external pressure.
- Is TC Energy (TRP) a Good or Bad Investment at Today's Multiple?
TC Energy trades at 21.19 times next year's expected earnings, closing at $61.74 on October 16 after a 1.5% return over 6 months, versus 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The company operates natural gas transmission pipelines across Canada, the United States and Mexico, plus power generation, with a 44.25% operating margin, and latest-quarter earnings rose 18.00% on revenue up 5.70%. The article flags risks including debt at 170.37% of equity, the loss of crude oil pipelines to South Bow in 2024, and volumes that depend on North American gas demand from power and LNG exports. A 4.01% yield is cited as income while the market decides whether the stable business justifies the multiple relative to its growth.
- Should You Buy This Trump AI Stock Ahead of Earnings?
Microsoft (MSFT) reports quarterly results on October 28 and ranks eighth in Trump's latest stock portfolio, after Trump bought the stock five times in August. Bulls point to Azure growth of 43% last quarter, with management expecting about 45% in the current quarter, and to demand that exceeds available computing capacity. Bears cite rising capital spending that Deutsche Bank says could push free cash flow close to breakeven in fiscal 2027, about two-thirds of spending going to short-lived equipment such as chips, and OpenAI making up about 45% of the commercial backlog in the December quarter. The stock trades at 26.75 times forward earnings, a 27% premium to the sector median of 21.01 but 12% below its own five-year average of 30.47, with a PEG ratio of 1.70 versus a sector median of 1.14. The article concludes that investors pay more than for the average tech stock but less than they usually pay for Microsoft.
- What Is Williams' (WMB) Economic Moat, and Is It Steel or Permits?
Williams (WMB) closed at $71.28 on October 16, with a 0.5% return over 6 months, compared with 10.5% for the Insider Monkey Billionaire Index and 9.3% for the State Street SPDR S&P 500 ETF Trust. The article argues its main advantage is the Transco pipeline, which runs from the Gulf Coast up the eastern seaboard, where several attempts to build new pipe have been abandoned after failing to win approvals. A 39.54% operating margin and 21.50% return on equity are cited as evidence of this advantage, although revenue rose only 7.80% last quarter. Limits noted include debt at 200.37% of equity, rules that also restrict Williams' own growth, and a price of 26.81 times expected next-year earnings. The dividend yields 2.95%.
- Marvell Jumps 6% as GF Securities Says Google Chip Delay Won’t Dent Its Position; Broadcom Rises 3%
Marvell shares rose 6% to $241.27 in afternoon trading after a reported delay in Google's next TPU chip, while Broadcom gained 3%. GF Securities analyst Jeff Pu said the delay does not change Marvell's medium- to long-term position in Google's chip supply chain. Marvell reported Q2 FY2027 revenue of $2.74 billion, up 36.5% YoY, with its Data Center segment at $2.17 billion, or 79% of revenue. Google can acquire up to 7% of Marvell shares under a warrant tied to revenue targets, and management expects its custom business to more than double in fiscal 2028. Q3 revenue guidance is $3.15 billion, plus or minus 5%, with non-GAAP gross margin of 57.5% to 58.5%, and the article notes Marvell still needs to convert its Google programs into reported revenue.
- Is ONEOK (OKE) Cheap at 14 Times Next Year’s Earnings?
ONEOK (NYSE:OKE) closed at $93.31 on October 16 and returned 11.4% over six months, versus 10.5% for the Insider Monkey Billionaire Index. The stock trades at 14.49 times next year's expected earnings and yields 4.59%, and revenue rose 52.80% last quarter as the company grew through acquisitions. The article argues that much of this growth was bought rather than built, with only 13.25% of revenue remaining as operating profit and debt at 143.07% of equity. Because a large part of the business involves buying and reselling liquids rather than earning transport fees, the article views the discount as having a reason behind it. It concludes that investors should watch margins rather than revenue.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.