The outcome of Prime Minister Narendra Modi’s demonetization drive sees economy returning to “normalcy,” and a surge in deposits from the cash swap has given more room on lending, says India’s largest bank even though it was blindsided by the drive, the… Read More ›
After South Korea’s Lotte Group agreed on Monday to provide land to host a US anti-missile system that Beijing sees as a threat to national security, Chinese media reported the several Chinese companies have said that they will no longer… Read More ›
The fines indicate the growing efficiency of regulators in ensuring compliance from banks midst efforts made by the Trump administration to loosen banking laws. As per a note prepared by the Boston Consulting Group, with regulators stepping up their scrutiny,… Read More ›
The Trump Administration aims to squeeze funds from climate change and environmental programs to direct them to fortifying the military. According to a person with direct knowledge of the proposal, the White House is proposing a significant cut, by as… Read More ›
IHS Markit’s final composite Purchasing Managers’ Index has risen to a new historic high. The results of a survey have disclosed that business in the Eurozone has grown in its fastest pace in almost 6 years with job creation being… Read More ›
The case refers to HSBC’s 2012 admission of laundering hundreds of millions of dollars’ worth of drug money for the Colombian and Mexican drug cartels, which came to a close after a deferred prosecution agreement wherein HSBC agreed to put… Read More ›
Eyeing the twin objectives of deepening its economic cooperation with the U.S. and trying to internalize its currency, Beijing has awarded asset manager BlackRock access to its capital market. In a significant development, China has allowed BlackRock, an asset… Read More ›
During Brexit negotiations, Ireland could emerge as the UK’s Achilles heel. If physical border controls are placed, it could give rise to a resurgence of violent militant protests. According to Britain’s Northern Ireland minister, a post-Brexit trade deal with the… Read More ›
U.S. traders ramp up bets that the central bank will raise interest rates in the middle of next month after comments from Federal Reserve officials which led to a plunge in the U.S. treasuries. He expects a rate boost to… Read More ›
Ever since supplies from its eastern neighbor dropped during freezing weather in 2009, Europe has wanted to wean itself from Russian natural gas. However the region has never been more dependent almost a decade later. Gazprom PJSC accounts for about… Read More ›
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