Friday, December 14, 2018

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...

German police raid Deutsche Bank in ‘Panama Papers’ probe

FRANKFURT: German prosecutors raided several Deutsche Bank offices in the Frankfurt area on Thursday over suspicions of money laundering based on revelations from the...

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...

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...

Bank of America completes Brexit switch to Dublin

DUBLIN: Bank of America finished moving its banking and markets operations in Europe to a new base in Dublin from London, the bank said...

BlackBerry to buy cybersecurity firm Cylance for $1.4 billion

TORONTO: BlackBerry Ltd raised its bets on artificial intelligence and cybersecurity with the $1.4 billion purchase of California-based machine-learning specialists Cylance. The Canadian technology company,...

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...

SpaceX Christmas delivery arrives at space station

CAPE CANAVERAL, FLORIDA: A SpaceX delivery full of Christmas goodies arrived at the International Space Station, following a slight delay caused by a communication...

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...

Is North Korea secretly continuing its nuclear programme?

Reports that North Korea is continuing its weapons programme, despite pledges to denuclearise, have cast doubt on its sincerity in peace talks. The recent reports,...

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