Saturday, January 19, 2019

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...

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...

50 banks, financial firms turn to the Netherlands as Brexit looms

AMSTERDAM: As Brexit nears, the Dutch authorities processing banking and markets licenses are starting to feel the heat. About 50 banks and other financial...

Turkey to sell asset-backed securities to improve banks’ liquidity

ISTANBUL: Turkish November inflation data on Monday showed that a decline in inflation had begun strongly and the downward trend will continue, Finance Minister...

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...

UK banks can survive a disorderly Brexit, says Bank of England

LONDON: UK banks are strong enough to survive a disorderly Brexit that could leave the country worse off than the 2008 financial crisis, according...

Xiaomi sews up deals for smart homes

SAN FRANCISCO: Chinese technology giant Xiaomi Corp announced it has teamed up with Sweden's furniture titan Ikea to offer smart home products. The tie-up is...

May’s Brexit plan was a disaster

Polly Toynbee Theresa May’s statement to the Commons and her letter to the people are profoundly dishonest. This dutiful vicar’s daughter is not telling the...

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,...

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...

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