| ECB to hold rates after Draghi’s hectic first year | | The European Central Bank is set to leave interest rates unchanged on Thursday, deferring a cut in borrowing costs that would risk undermining the impact of Mario Draghi’s signature policy a year into his ECB presidency. | | Myanmar banks sign deal with Visa | | Officials in Myanmar say three private banks have signed agreements with Visa Inc. to enable international travelers to use credit cards and withdraw cash from ATM machines by January. | | RBS faces fines to settle Libor probe | | Royal Bank of Scotland said it may face fines in relation to how it set Libor and other interest rates and is keen to settle the matter as soon as possible. | | India keeps interest rate unchanged | | India’s central bank kept its benchmark interest rate on hold on Tuesday due to inflationary pressures, disappointing government and business leaders who wanted a cut to boost the economy. | | ICICI Bank posts record quarterly profit | | ICICI Bank reported a better-than-expected 30 percent rise in quarterly profit Friday on strong interest income and demand for retail loans, as India’s largest private lender managed to improve loan quality despite rising corporate defaults. | | Britain officially emerges from recession | | Britain has exited its longest double-dip recession since the 1950s after its economy returned to growth in the third quarter with a strong gain of 1.0 percent, official data showed on Thursday. | | EU leaders tackle growth after bank compromise | | EU leaders tackled on Friday boosting jobs and growth to mend some of the damage caused by austerity policies, after France and Germany reached a compromise deal on bank supervision key to easing the bloc’s crisis. | | Emirates NBD Securities honoured | | Emirates NBD Securities, the brokerage arm of Emirates NBD, has been declared as “Winner of Nasdaq Dubai’s Retail Broker of the Month Award for September 2012”. | |
