Thursday, March 21, 2019

Barclays profits slip as bank sets aside £150m for Brexit

LONDON: Profits missed estimates at Barclays last year, the bank revealed, as it set aside £150m for Brexit and paid out billions of pounds...

India central bank surprises with a rate cut

MUMBAI: India's central bank unexpectedly lowered interest rates and, as anticipated, shifted its stance to "neutral" from "calibrated tightening" to boost a slowing economy...

Two suspects charged with bank hacking

NAIROBI: Two of the 130 suspects in connection with electronic fraud by hacking into commercial bank systems have been charged over loss of over...

ICICI Bank must answer for CEO scandal

NEW DELHI: India’s ICICI Bank Ltd. is seeking to claw back bonuses and stock options paid to departed Chief Executive Officer Chanda Kochhar. That...

ING and Bank of Queensland raise borrowing rates again

LONDON: Two of the nation’s most popular banks for borrowers are increasing variable mortgage rates by up to 15 basis points in response to...

Central banks buy most gold since 1971

LONDON: Central banks have bought the most gold in nearly 50 years as the precious metal profits from its  safehaven status, the World Gold...

IMF urges Kuwait to implement deeper economic reforms

KUWAIT CITY: Kuwait needs to implement deeper reforms to secure adequate savings for future generations despite forecasts of stronger growth in its non-oil economy,...

Despite recovery, Italy’s bank problems still unsolved

ROME: Italian banks are now in a much healthier position to absorb potential losses with larger capital buffers. However, more recently and on top of...

Wall Street betting on big banks ahead of earnings

WASHINGTON: All eyes are on banks stocks ahead of earnings next week, and the Street is split on whether financial stocks are attractive at...

World unprepared for slowdown, says IMF

WASHINGTON: The leaders of the world’s largest countries are dangerously unprepared for the consequences of a serious global slowdown, a senior executive at the...

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