Copenhagen: Europe’s biggest covered bond issuers are turning to Asia to rally support in what they say will become a global challenge to the Basel Committee on Banking Supervision. The European Covered Bond Council, whose members include HSBC Bank Plc [...]
Following the positive signs within the country, including a rise [...]
Confirming the claims of the federal government, the value of [...]
Frankfurt: The European Central Bank is not complacent about low [...]
Tokyo: SoftBank Corp President Masayoshi Son is reframing his argument [...]
ISLAMABAD: Prime Minister Nawaz Sharif Tuesday said Pakistan was actively expanding its power production potential by utilising nuclear technology to address country’s severe energy crisis. Talking to Director General International Atomic Energy Agency (IAEA) Yukiyo Amino here at the PM House, the Prime Minister said Pakistan Atomic Energy Commission (PAEC) [...]
‘Duty’ is an angry and occasionally self-serving account of the four and a half years Robert Gates served as US defence secretary. But the book also offers important insights into the way Washington functions and how domestic politics almost always determined the Obama administration’s handling of national security issues. The [...]
A country’s central bank is the most important institution, not only for the financial market but for the economy as a whole. The central bank’s actions affect the interest rates, the amount of credit and the money supply, all of which have a direct impact not only on financial markets [...]
Vice President FPCCI Munawar Mughal inaugurated Bank Alfalah’s G-8 Branch located in the building of Islamabad Chamber of Commerce and Industry. The inauguration ceremony was attended by SVP ICCI Khalid Chaudhry and a large number of business leaders, including former presidents of ICCI like Tariq Sadiq, Mian Shaukat Masood, Khalid [...]
Summit Bank has increased its authorized capital share from Rs 15 billion to Rs 20 billion in order to float shares in the capital market to further raise the money from the public. The Bank’s board of director approved the increase in the number of shares from 1.5 billion to [...]
London: A senior currency dealer at Lloyds Banking Group Plc shared details of a pending order by his firm with a trader at another company to the potential detriment of the bank, according to four people with knowledge of the matter. The Lloyds’s dealer, Martin Chantree, alerted the other trader [...]
SEOUL: South Korea’s central bank is expected to keep rates unchanged on Thursday as board members monitor tensions in Ukraine and Governor Kim Choong-soo presides over the last policy meeting of his term, a found. All 24 analysts polled forecast the Bank of Korea will keep its base rate unchanged [...]
The Bank of Japan is expected to maintain its massive monetary stimulus on Tuesday on a view the economy can weather a sales tax increase in April without extra support, although there is expected to be some concern about weakness in exports. The BoJ board can point to strength in [...]
The US Secretary of Commerce is in the Middle East where she said Monday she will tell officials from the United Arab Emirates, Saudi Arabia and Qatar that closer economic cooperation with Washington is a way to build deeper security ties with the United States. Penny Pritzker’s visit comes just [...]
With India stepping up its pursuit of alleged black money in Swiss banks, Switzerland says it is exchanging information with Indian authorities on all lawful requests, but cannot help on enquiries based on stolen banking data. The European country, which has often been accused of being the most favoured place [...]