The run-up to this month’s EU 2014-20 budget summit is proving even more fractious than usual as the major contributors dig their heels in, demanding cuts and concessions while the Commission insists on a 5.0 percent spending hike.
The run-up to this month’s EU 2014-20 budget summit is proving even more fractious than usual as the major contributors dig their heels in, demanding cuts and concessions while the Commission insists on a 5.0 percent spending hike.
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.
The World Bank will inject $245 million of aid into Myanmar to support its reform drive, resuming assistance for the former pariah nation after a quarter-century absence, officials said on Friday.
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’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 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 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.
HSBC websites across the world were shutdown for several hours on Thursday because of a large-scale cyber attack, but its regional office in Dubai declined to confirm the same kind of attack on its UAE site.
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”.
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.