Friday, April 19, 2019

RBI Urjit Patel’s resignation reports baseless

New Delhi: Amidst the alleged ongoing rift between the government and RBI, sources have said that RBI Governor Urjit Patel will not quit from...

Turkish banks’ ability to extend debt is key in crisis

ANKARA: Investors are watching closely to see whether Turkish banks will maintain access to the foreign funding they need to keep economic activity humming,...

ECB sees scope for further consumption boom

FRANKFURT: Private consumption in the euro zone has further room to grow, likely driving economic expansion even as external headwinds multiply, the European Central...

ABN Amro sheds 250 jobs as it shrinks corporate bank

AMSTERDAM: Dutch bank ABN Amro said on Wednesday it would shed 250 jobs as it shrinks its international corporate bank activities to increase profitability....

Tesla starts hiring for new $2 billion Shanghai plant

BEIJING: Tesla Inc has started hiring for a new factory in Shanghai, according to job postings on its website, just a month after the...

SBP moves to regulate banks’ overseas operations

KARACHI: After two of the country’s largest private banks had their skirmishes with regulatory authorities in the United States, the State Bank of Pakistan...

Fitch affirms 4 Georgian banks, outlook stable

London: Fitch Ratings has revised the Outlooks on Bank of Georgia’s (BoG) and TBC Bank’s (TBC) Long-Term Issuer Default Ratings (IDRs) to Positive from...

UBS franchise strength drives sound 1Q18

London: UBS Group AG’s (UBS) sound 1Q18 results reflect the value of a globally diversified leading wealth manager with investment banking capabilities, says Fitch...

Twitter tests new ads strategy for trending topic

San Francisco: Micro blogging site Twitter is reportedly starting to test a new advertising strategy to boost revenue from its trending topics. The “Promoted Trend...

BNY Mellon launches FX Options

NEW YORK: BNY Mellon is now live with foreign exchange options, enabling clients to better hedge currency exposure and express their views on the...

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