Saturday, December 14, 2019

Google’s solution for African internet: Balloons

SAN FRANCISCO: Bringing fast, widespread internet to rural Africa has proven vexing for companies that have tried—and largely failed—with strategies ranging from drones to...

Bank of Italy sounds alarm over stability of banks and insurers

MILAN: Italy's central bank has sounded the alarm over the country's rising bond yields, warning that they are set to cost the nation billions...

IMF faces dilemma of China debt as nations seek help

WASHINGTON: The IMF has warned for more than a year of rising debt levels in low income countries. Now, bailout talks with Pakistan and...

UBL to shut down its New York branch

Karachi: The United Bank Ltd (UBL) has announced its plans to wrap up its operations in New York, saying the decision has been taken...

Bank of Japan keeps inflation as its main policy priority

TOKYO: Japan’s long run of extreme monetary stimulus has drawn increasing criticism over the impact it’s had on small banks, but despite the grumbling,...

Bank of Georgia quarterly profit rises 11.3pc

GEORGIA: Bank of Georgia Group Plc reported an 11.3 percent rise in quarterly earnings, helped by higher lending amid strong economic growth in the...

Bank of England chief Carney backs UK PM May’s Brexit deal

LONDON: Bank of England Governor Mark Carney gave his backing to a Brexit deal struck by British Prime Minister Theresa May, saying the alternative...

Fitch upgrades Indonesian state-owned banks

Jakarta: Fitch Ratings has upgraded the Viability Rating (VR) of Indonesian state-owned bank, PT Bank Rakyat Indonesia (Persero) Tbk (BRI), to ‘bbb-‘ from ‘bb+’....

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,...

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