Sunday, August 18, 2019

Indian equities seeking growth steps in budget

NEW DELHI: A slowing GDP growth rate is a major sticking point for Indian stock markets at this point, with a delayed monsoon and...

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,...

China’s $40tr banking system learns a lesson on risk

BEIJING: Two months after China shocked investors with the first government seizure of a bank in two decades, market confidence in the nation’s smaller...

Barclays Brexit preparation sets bar for top banks

FRANKFURT: Barclays plc's plan to quickly move European business to Dublin in preparation for Brexit is one of the most ambitious yet and gaining...

Singapore banks embark on hiring spree in fight against dirty money

SINGAPORE: Making the digital shift welcomed many opportunities for banks but have also paved way for fraud-related activities to expand their scope. Singapore banks...

Kuwait banks set to post higher earnings

KUWAIT CITY: Kuwait banks are expected to post higher annual earnings in 2019 driven by more lending as the government presses ahead with project...

Deutsche Bank plans up to 20,000 job cuts in revamp

LONDON: Deutsche Bank AG is considering slashing headcount by more than a fifth in what’s shaping up to be its biggest makeover in years,...

LinkedIn publishes China white paper

BEIJING: LinkedIn, the California-based professional social network, has released its China B2B Brand Globalization White Paper, which calls for more domestic companies to adopt...

Citigroup profit beats on investment banking boost

London: Citigroup Inc reported a better-than-expected quarterly profit, boosted by a surge in investment banking revenue and lower expenses. Investment banking revenue rose 20...

Malaysia files charges against Goldman execs

KUALA LUMPUR: Malaysia filed criminal charges Friday against 17 current and former directors of three Goldman Sachs subsidiaries, piling further pressure on the Wall...

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