Bloomberg A former Citigroup Inc currency trader told a jury that he plotted with rivals at other banks in chat rooms, on the phone and at social gatherings to rig currency trades while their customers were led to believe they were actually competing with each other. “The purpose was to try to make more money trading,” Christopher Cummins testified in ...

Bloomberg Australia & New Zealand (ANZ) Banking Group Ltd profit was little changed as the lender faced a slowing economy and higher customer-compensation costs. Cash profit from continuing operations was A$6.47 billion ($4.46 billion) in the year ended on September 30, compared to A$6.49 billion the year before, the Melbourne-based lender said. “This has been a challenging year of slow ...

Bloomberg Goldman Sachs Group Inc leaders have been coy about backing up their recent assertion that the Apple Inc card is the industry’s most successful credit card launch ever. Regulatory filings offer a first glimpse into the numbers that had the bank gushing. After a full roll-out of the card last quarter, credit lines the bank has extended to Apple ...

Bloomberg Christine Lagarde’s first day as the new president of the European Central Bank in Frankfurt protesters were brandishing a sign reading: “If the Earth was a bank you’d have long rescued it.” The march by some 150 people to the ECB’s headquarters — following a similar demonstration at the Bank of England last month — highlighted how technocrats tasked ...

Dubai / Emirates Business Under the patronage of HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and President of Dubai Electricity and Water Authority (Dewa), the International Desalination Association (IDA) concluded the 2019 World Congress that was hosted by Dewa at the Dubai International Convention and Exhibition Centre under the theme “Crossroads to Sustainability”. ...

DUBAI / WAM Dubai Silicon Oasis (DSO), the integrated free zone technology park, and Intel, the Silicon Valley-headquartered tech giant, on Saturday announced the launch of the new phase of “Intel Innovation Centre” that is directly aligned with the “Project Mustakbal”, an initiative that was revealed by Intel during the event and seeks to further accelerate the Middle East’s game-changing ...

Abu Dhabi / Emirates Business The 12th Medication Safety Conference 2019, organised by Synovetics, was held in Abu Dhabi, in collaboration with the American Society for Health System Pharmacists (ASHP) at the Dusit Thani Hotel. Around 800 participants attended the event that gathers renowned speakers in medication and patient safety from across the globe. The Medication Safety Conference delivers its ...

ABU DHABI / Emirates Business HE Falah Al Ahbabi, Chairman of the Abu Dhabi Department of Urban Planning and Municipalities (DPM), said the UAE Flag Day celebrations are a tribute of respect to our Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, who unified the Emirates 48 years ago. The event also reaffirms allegiance and respect to the ...

Sharjah / Emirates Business His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has said that Unesco’s selection of Sharjah as a ‘crafts and folk art’ city for the Creative Cities Network is a global endorsement of the emirate’s decades-long emphasis on bringing generations closer to their heritage and national identity, and carefully ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, have launched a national project to create and design the UAE nation brand. His ...