Friday, May 24, 2019

Huawei’s operations expand global reach

SHENZHEN: Even though it faces security allegations in several developed markets, Chinese technology major Huawei said that its global operations remain stable, with businesses...

Banks to be banned from charging higher fees for unarranged overdrafts

LONDON: Banks are to be banned from charging excessive fees for unauthorised overdrafts as part of the City watchdog’s clampdown on the “dysfunctional” high-cost...

Australian banks lobby regulator on big subordinated debt order

HONG KONG: An Australian regulatory push to boost banks’ capital buffers, which is expected to unleash about A$83 billion ($60 billion) of new junior...

Compliance will kill the bank

I was talking with a banker at a recent conference, and was surprised by his attitude. He’s not worried about Amazon, Google or Alibaba;...

Kuwait allows investors to own and trade in local banks’ shares

Kuwait City: Foreign investors will now be allowed to own and trade in Kuwaiti banks’ shares, according to a new decision issued by the...

RBNZ proposes tougher rules that may raise borrowing costs

Wellington: Borrowers are likely to face higher interest costs under proposed new rules which will almost double the minimum amount of capital banks are...

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...

Urjit Patel resigns as India’s central bank governor

MUMBAI: Reserve Bank of India Governor Urjit Patel has resigned from his post, making him the first governor since 1990 to step down before...

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...

Google, Facebook face crackdown over market power

SYDNEY: Google and Facebook Inc. face a regulatory crackdown in Australia after the nation’s competition watchdog joined a chorus of international criticism over their...

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