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May 27, 2015
The Citibank logo is pictured at its Nicaragua headquarters in Managua

LONDON: European banks Deutsche Bank, Barclays and UBS have seen their market share in foreign exchange trading slump in... More ››

May 27, 2015
greece-debt

ATHENS: The Greek government, struggling to keep up its debt repayments, announced on Tuesday that any dormant public sector... More ››

May 27, 2015
Snapchat-Logo

CALIFORNIA: Snapchat CEO Evan Spiegel said on Tuesday the company plans to have an initial public offering but did... More ››

May 27, 2015
us-dollar

NEW YORK: The US dollar rallied on Tuesday after a string of healthy economic data boosted near-term rate hike... More ››

May 27, 2015
aer-lingus

DUBLIN: The Irish government is to sell its 25-percent stake in flag carrier Aer Lingus to International Airlines Group... More ››

May 27, 2015
bank-foreign

NEW YORK: US regulators fined Deutsche Bank $55 million Tuesday for misstating important financial data on loss risks during... More ››

May 26, 2015
china-yuan

BEIJING: China’s yuan currency, which Washington has long alleged was manipulated, is “no longer undervalued”, the International Monetary Fund... More ››

May 26, 2015
oil-price

SINGAPORE: Crude oil prices were broadly unchanged in early trading on Tuesday, as firm demand supported and ample supply... More ››

May 26, 2015
Samsung

SEOUL: Samsung Group announced Tuesday the merger of two major affiliates, as the South Korean business giant accelerates restructuring... More ››

May 26, 2015
time-warner-cable-27

WASHINGTON: Charter Communications is nearing a $55.1 billion deal to buy out fellow American cable giant Time Warner Cable,... More ››

May 26, 2015
imf-says-greek-budget-propo

PARIS: The budget reforms that Greece has proposed to its international creditors are not enough to ensure a surplus... More ››

May 25, 2015
MAS

KUALA LUMPUR: Malaysia’s Khazanah Nasional said it had appointed Mohammad Faiz Azmi to oversee the restructuring of now delisted... More ››

May 25, 2015
g7

LONDON: Finance ministers from the world’s largest developed economies meet in Germany this week against a backdrop of faltering... More ››

May 25, 2015
greece+imf

ATHENS: Greece cannot make debt repayments to the International Monetary Fund (IMF) next month unless it achieves a deal... More ››

May 25, 2015
opec

DUBAI: OPEC is unlikely to change its production ceiling when the group meets in June, Iran’s Oil Minister Bijan... More ››

May 25, 2015
alibaba

PUTIAN: Criticized and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce... More ››

May 25, 2015
UAE

ABU DHABI: The United Arab Emirates’ bank industry association has discussed a proposal to create a centralised sharia board... More ››

May 24, 2015
daimler

FRANKFURT: Carmaker Daimler on Saturday announced a partnership with mobile technologies company Qualcomm Inc. to explore wireless recharging of... More ››

May 24, 2015
thailand

BANGKOK: Thailand’s military government has passed the country’s first inheritance tax bill, as part of tax reforms to broaden... More ››

May 24, 2015
Draghi-Mario

ROME: European Central Bank President Mario Draghi called on eurozone members Saturday to summon the political courage and discipline... More ››

May 23, 2015
BlackBerry-Passport

OTTAWA: Canadian smartphone maker BlackBerry Ltd is cutting jobs across the world, the company said on Friday, as it... More ››

May 23, 2015
forex-rigging

NEW YORK: Citigroup said on Friday it is selling its margin foreign exchange business, including the CitiFX Pro and... More ››

May 23, 2015
IMF

RIO DE JENAIRO: The IMF urged Brazil to get its fiscal house in order to emerge from five years... More ››

May 23, 2015
dollar-AFP

An unexpected jump in US core inflation in April sparked a surge in the dollar Friday, capping a week-long... More ››

May 22, 2015
Wan Zulkiflee Wan Ariffin

The oil company will continue its cost-saving exercise by renegotiating upstream contracts and increase internal efficiency, says its CEO. More ››

May 22, 2015
news_bWorld-Bank

JERUSALEM: The Gaza Strip has the world’s highest unemployment and Palestinians, Israelis and donors must take action to avoid... More ››

May 22, 2015
HSBC

CHICAGO: A US appeals court on Thursday reversed a $2.46 billion judgment against HSBC Holdings Plc in a long-running... More ››

May 22, 2015
2013_US_Senate

WASHINGTON: President Barack Obama on Thursday moved closer to winning the power to speed trade deals through the U.S.... More ››

May 22, 2015
blackberry

OTTAWA: Canadian smartphone maker BlackBerry Ltd said it plans to buy back 12 million shares, sending its stock up... More ››

May 22, 2015
integrity

Twenty-eight percent of the best-paid employees said company confidentiality policies barred them from reporting wrongdoing to government authorities. More ››

May 22, 2015
HP

NEW YORK: Hewlett-Packard announced Thursday it was selling a 51 percent stake in its China-based server business, creating a... More ››

May 21, 2015
RMK11

KUALA LUMPUR: Malaysian Prime Minister Najib Razak is confident that the Southeast Asia nation can achieve developed economy status... More ››

May 21, 2015
tanaka

DETROIT: Takata Corp’s record US recall of potentially deadly air bag inflators could take years to complete, industry experts... More ››

May 21, 2015
GE

BELFORT: General Electric Co’s chief on Wednesday gave a faster timeline for the U.S. conglomerate’s massive finance asset sale... More ››

May 21, 2015
brazil-china

BRASILIA: Brazil may have received a $53 billion investment boost from China but the South American giant would be... More ››

May 21, 2015
yahoo

NEW YORK: Yahoo Inc’s planned spin-off of its stake in Alibaba Group Holding Ltd is likely to proceed on... More ››

May 20, 2015
forex-rigging

LONDON/NEW YORK: Five of the world’s biggest banks are expected to be hit with a combined bill of more... More ››

May 20, 2015
pay-pal

SAN FRANCISCO: The US Consumer Financial Protection Bureau on Tuesday said PayPal will pay $25 million in refunds and... More ››

May 20, 2015
oil-price

NEW YORK: Oil prices slumped Tuesday as resurgent worries about the global supply glut combined with a sharp dollar... More ››

May 20, 2015
Khazanah-Nasional

KUALA LUMPUR: Malaysia’s sovereign fund Khazanah Nasional on Monday launched the country’s first sustainable and responsible sukuk(SRI) with a... More ››

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