LONDON: Bank of England Governor Mark Carney said on Tuesday that the expected hit to Britain’s economy from last month’s decision by voters to leave the European Union could prompt the Bank to provide more stimulus. He told lawmakers: “There [...]
ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Tuesday said he [...]
CARACAS: Venezuela’s President Nicolas Maduro said that Citibank NA C.UL, [...]
KARACHI: Pakistan Stock Exchange (PSX) witnessed a booming trading session [...]
KARACHI: Despite growth in banks operations and business in different [...]
SHANGHAI: The New Development Bank ( NDB), established by the BRICS group of emerging nations, plans to sell 3 billion yuan ($ 448.37 million) of yuan- denominated, green bonds in China’s interbank market. The green bonds will be issued on July 18 with a 5year tenor and will be the [...]
LONDON: Royal Bank of Scotland is facing setbacks over a proposed sale of its Greek ship finance business, with potential suitors backing off, partly because of the British vote to leave the European Union, sources said. Britain’s June 23 vote has raised the risk of recession and earnings downgrades that [...]
LONDON: UK chancellor and a British banking regulator warned of ‘global financial disaster’ if bank were prosecuted, House report says. The US government decided not to pursue criminal charges against HSBC for allowing terrorists and drug dealers to launder millions of dollars after George Osborne and the UK banking regulator [...]
According to the Financial Stability Review released by the State Bank, the country’s financial system is in good shape. The report says that the asset base of the financial sector increased at a satisfactory pace of 15.1 percent during CY15 as compared with the average of 12.6 percent in CY13-14. [...]
Copious amounts of personal data is collected by banks each day and frequently shared with third parties as technology continues to revolutionise the way we bank. Last year, the Association of Banks in Singapore released the Code of Banking Practices which outlines the responsibilities of banks under the Personal Data [...]
It now seems extremely likely that by the middle of January 2017, three of the world’s six largest economic powers will be led by women. Unless Donald Trump makes significant gains, the latest Reuters Ipsos poll still puts Hillary Clinton ahead of her Republican rival by 11 points in the [...]
In light of the big rise in the June payrolls, I wanted to offer some broader context about the economy. Understanding the swings of data might change the way you perceive the financial markets. First, the set up: It would be an understatement to say there was lots nervousness after [...]
The Pakistani state’s strategic outlook is a classic case of the tail wagging the dog. Security policy drives overall foreign policy rather than the other way round. The establishment has spearheaded this agenda. One reason the prevailing strategic paradigm seems under no real pressure is the increasing irrelevance of ‘ [...]
KARACHI: Following the huge success of the inaugural edition of Pakistan Super League (PSL) in February this year, its chairman Najam Sethi is confident about doing even better in its second edition in 2017, which he says will be a substantially improved one in terms of international signings, profits and [...]
LONDON: England batsman Kevin Pietersen says there is no excuse to cheat in cricket, whether through match-fixing or taking drugs, and players found guilty of such acts must be banned for life. In a column published in The Telegraph, Pietersen wrote, “I understand that in the subcontinent cricketers come from [...]