RSSCategory: News

China’s central bank tells banks to stop doing business with North Korea

China’s central bank tells banks to stop doing business with North Korea

The sources said banks were told to stop providing financial services to new North Korean customers and to wind down loans with existing customers, following tighter sanctions against Pyongyang by the United Nations. BEIJING/HONG KONG: China’s central bank has told banks to strictly implement United Nations sanctions against North Korea, four sources told Reuters, amid […]

September 21, 2017 | By | Reply More
Mnuchin: Banks won’t be allowed to do business with both US and North Korea

Mnuchin: Banks won’t be allowed to do business with both US and North Korea

Foreign financial institutions are now on notice that going forward they can choose to do business with the United States or with North Korea, but not both. NEW YORK: US Treasury Secretary Steven Mnuchin said on Thursday that banks doing business in North Korea would not be allowed to also operate in the United States […]

September 21, 2017 | By | Reply More
Ryanair scrambles to please pilots, customers and investors

Ryanair scrambles to please pilots, customers and investors

Ryanair boss Michael O‘Leary told shareholders he took personal responsibility for the staffing issues and the way the company broke the news to customers, adding that Ryanair’s pilot pay levels may have been too modest in the past. DUBLIN: Ryanair boss Michael O‘Leary on Thursday scrambled to placate pilots and reassure investors as the airline’s […]

September 21, 2017 | By | Reply More
Lufthansa to land Air Berlin assets, say sources

Lufthansa to land Air Berlin assets, say sources

Air Berlin, which has about 8,000 employees and operates 144 mostly leased planes, filed for insolvency in August after major shareholder Etihad pulled the plug on funding. FRANKFURT: Lufthansa is set to pick up a large part of insolvent rival Air Berlin, and easyJet is also still in the running for some assets, two sources […]

September 21, 2017 | By | Reply More
Hack of US regulator a blow to confidence in financial system

Hack of US regulator a blow to confidence in financial system

The revelation comes two weeks after Equifax, one of three major credit bureaus which maintain financial and personal data on consumers, announced that attackers had hacked accounts of some 143 million Americans. WASHINGTON: The hack disclosed at the US Securities and Exchange Commission deals a fresh blow to confidence in the security of the financial […]

September 21, 2017 | By | Reply More
Fed decision unlikely to affect OPR, ringgit

Fed decision unlikely to affect OPR, ringgit

PETALING JAYA: The US Federal Reserve’s decision to maintain the federal funds rate at a range of 1.00%-1.25% is unlikely to affect Malaysia’s Overnight Policy Rate (OPR) with a short-term impact on the ringgit. “While we recognise that external policy moves may prompt market stabilisation measures, on the part of Bank Negara Malaysia (BNM), we […]

September 21, 2017 | By | Reply More
MDEC, ISACA in partnership to develop cyber security talent

MDEC, ISACA in partnership to develop cyber security talent

CYBERJAYA: Malaysia Digital Economic Corp (MDEC) yesterday announced a partnership with global technology and information security association ISACA focused on improving competencies and workforce skills in cyber security in its effort to curb the shortage of cyber security professionals. MDEC director of enabling ecosystem Wan Murdani Wan Mohamad said the partnership will provide training to […]

September 21, 2017 | By | Reply More
Streaming has pushed Latin music into the mainstream

Streaming has pushed Latin music into the mainstream

“MI GENTE” lures listeners with a mesmerising hook, a thumping beat and lyrics about breaking down barriers. A collaboration between J Balvin, a Colombian reggaeton star (pictured), and Willy William, a French producer, the latest product of this summer’s Latin craze is crooned almost entirely in Spanish. (The title means “My People”; reggaeton borrows from […]

September 21, 2017 | By | Reply More
Online matchmaking businesses in India have many ways to woo

Online matchmaking businesses in India have many ways to woo

Arranged by algorithm “IT WAS 2012…I was number 37,” says Ashwini, referring to the badge that was pinned on her shirt pocket. Her task was to go onto the stage and introduce herself to around 70 eligible bachelors and their parents. Families then conferred and, provided caste and religious background proved no obstacle, would approach […]

September 21, 2017 | By | Reply More
Norway’s sovereign-wealth fund passes the $1trn mark

Norway’s sovereign-wealth fund passes the $1trn mark

A year earlier than expected, Norway’s sovereign-wealth fund, the world’s largest, surpassed $1trn in assets on September 19th. It had gained over $100bn in the past year, thanks in large measure to the global stockmarket boom in 2017: around two-thirds of its assets are held as equities (over 1% of shares globally). It helps that […]

September 21, 2017 | By | Reply More