Sunday, August 18, 2019

Samsung seeks alternatives to Japanese suppliers in trade row

SEOUL: South Korean tech giant Samsung Electronics, the world’s biggest smartphone and memory chip maker, is seeking alternatives to Japanese suppliers for some key...

Trump weakens China’s currency, cries foul

Jon Healey The Dow Jones industrial average went on a 900-point freefall Monday after China allowed its currency, the yuan, to weaken beyond the seven-to-a-dollar...

China central bank opposes ‘currency manipulator’ label

BEIJING: China's banking system saw improved concentration with the asset proportion of five large state-owned banks in a reasonable range, the country's banking and...

Telenor Bank, Samsung sign MoU

LAHORE: Telenor Microfinance Bank and Samsung Electronics have signed a Memorandum of Understanding (MoU) for disbursement of payments to Samsung’s channel partners through the...

Pakistan earns $681m from transport services export

ISLAMABAD: Pakistan earned $681.829 million by providing different transport services in various countries during the first eleven months of the fiscal year 2018-19. This shows...

SBP to remain close from August 12-15

ISLAMABAD: The State Bank of Pakistan will remain closed from August 12 to 15 (Monday to Thursday) being public holidays on the occasion of...

HSBC boss in shock exit as bank warns of ‘challenging’ times

HONG KONG: HSBC on Monday announced the shock exit of Chief Executive John Flint, as the bank giant revealed decent first half profits but...

UAE equities attractive on low valuations

DUBAI: Investors waiting for the right moment to invest in the UAE markets need not wait any longer, as several key catalysts such as...

AI can help air travellers save money

DUBAI: Researchers are using AI to track and assign a level of demand on an individual customer's flight preferences in a way that is...

Bank stocks decline after Trump’s tariff threat

NEW YORK: Bank stocks fell sharply after President Trump’s latest tariff threat sent U.S. Treasury yields tumbling and raised new questions about the outlook...

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