Thursday, July 18, 2019

Libra may force central banks to create their own

WASHINGTON: Just a few months ago, Augustín Carstens, the general manager for the Bank for International Settlements (BIS), the so-called central bank for central...

Bitcoin mining profits skyrocketed 24pc

LONDON: United Kingdom bitcoin (BTC) mining operator Argo Blockchain surpassed its own expectations in Q2, the company said in a new report released on...

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,...

Singapore to issue digital bank licences

SINGAPORE: Singapore has announced plans to issue up to five digital bank licenses as part of efforts to add market diversity and boost the...

Mobile banking to overtake high street branch visits

LONDON: Mobile banking is set to be more popular than visiting a high street bank branch within two years, according to new forecasts, highlighting...

US Fed stress tests: Credit Suisse to address ‘limited’ weakness

WASHINGTON: Credit Suisse's US operations have until late October to address flaws in how the bank manages risks it could face in times of...

Markets brace for crucial G20 signals

LONDON: Stocks eked out meager gains on Friday before a meeting on trade between U.S. President Donald Trump and Chinese President Xi Jinping, capping...

Inside Facebook’s plan to disrupt money

SINGAPORE: Facebook Inc. is hoping that the stars will be aligned favourably when it launches its digital currency, christened Libra, in the first half...

Funding research is essential

FRASER MOONEY With the 2020 presidential race heating up, candidates are condemning gun violence as a “national epidemic” and “public health emergency.” This should come...

China central bank to push lenders to curb mortgages

BEIJING: The People’s Bank of China has asked commercial lenders not to lower the interest rate of home mortgages from the current level in...

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