Bloomberg Bank of America Corp (BofA) is expanding its investments in digital channels as customers shift their transactions online in record numbers. Clients logged in to the bank’s electronic platforms 1 billion times in July and 2.8 billion times — an 11% increase— in the second quarter, Bank of America said in a statement. New investments will focus on ...

  Bloomberg Paraguay’s central bank lifted its benchmark interest rate by a quarter of a percentage point to 8.25% with inflation still in the low teens. Policy makers continued a gradual pace of tightening after hiking by 25 basis points in July. The central bank signalled consumer prices might continue to slow in August. “Lower international oil prices have contributed ...

  Bloomberg Toronto-Dominion Bank (TD), which has struck two major deals to expand in the US this year, reaped the benefit of higher interest rates and sees more gains to come as central banks continue their fight against inflation. Net interest income rises 17% to C$7.04 billion ($5.45 billion) in the fiscal third quarter, the Toronto-based company said in a ...

  Bloomberg Global funds haven’t been this optimistic about emerging Asia ex-China stocks in almost two years. Whether this lasts will depend on the US policy signals. Overseas investors poured a net $7.5 billion into nine regional markets so far in August, the biggest monthly inflow since end-2020, according to exchange data compiled by Bloomberg. India accounted for the lion’s ...

  Bloomberg Chinese technology shares rose for a second day after talks between Beijing and Washington to avoid the delisting of companies in New York was said to show signs of progress. Hong Kong’s Hang Seng Tech Index climbed as much as 2.1% on Friday before paring gains to close 0.8% higher as it capped its biggest weekly gain in ...

  Dubai / Gulf Time Dubai’s real estate market recorded a total of 7,092 sales transactions worth AED 21 billion in July, according to Mo’asher, the emirate’s official Sales Price and Rental Performance index launched by Dubai Land Department (DLD). The data marks the highest performance in the last decade and demonstrates a significant increase in the overall performance of ...

  Abu Dhabi / WAM Etihad Airways, the national airline of the UAE, this week celebrated Captain Aisha Al Mansoori who has become the UAE’s first female Emirati Captain in a commercial airline. This is a significant milestone for aviation within the UAE and part of Etihad’s efforts to expand the roles of women in aviation, in particular the pilot ...

  Abu Dhabi / Gulf Time Injazat, the UAE’s home-grown technology champion in digital transformation, cloud, and cyber security, on Thursday announced winning a digital transformation project for Taqa group, the recognized low carbon power and water champion from Abu Dhabi that is a top-10 integrated utilities company in the EMEA region. The contract was formalised during a signing ceremony ...

  Dubai / Gulf Time Emaar Malls Management LLC (Emaar Malls), a wholly-owned subsidiary of Emaar Properties PJSC (Emaar) and Noon AD Holdings Ltd (noon) announced on Thursday that they have entered into definitive documentation for Emaar Malls to sell the entire share capital of Namshi Holding Limited (Namshi) to noon for a total cash consideration of AED1.23 billion ($335.2 ...

  Abu Dhabi / WAM The Tax Clinic initiative, organised by the Federal Tax Authority (FTA) to establish and maintain direct communication with business sectors, has resumed its field activities across the emirates with sessions in Ras Al Khaimah and Sharjah. In a statement issued on Thursday, the FTA revealed that two new rounds of sessions were held in August ...