Recent Posts

EU should act to prevent bank havoc: BOE

Bloomberg The Bank of England (BOE) stepped up pressure on the European Union to remove threat that Brexit poses to trillions of pounds of derivative contracts. Unless the EU follows the UK government in putting in place temporary workarounds, there could be havoc in financial markets when Britain leaves the bloc next March. Firms could find themselves unable to service trillions ...

Read More »

Deutsche Bank staff morale higher as lender boosts bonuses

Bloomberg Deutsche Bank AG may still face more years of restructuring, but at least the belief of its staff has stopped fading. The Frankfurt-based bank’s annual internal survey showed that 57 percent of employees are committed to the lender, unchanged from last year and arresting years of declines, according to a person with knowledge of the results. The share of ...

Read More »

UAE, Hong Kong non-oil trade hit $8.9bn in 2017

DUBAI / WAM The UAE is the biggest trade partner of Hong Kong in the Middle East, as the value of the non-oil trade exchange between the two countries accounted for $8.9 billion in 2017, with 5.1 percent annual growth compared to 2016, Juma Al Keet, Assistant Under-Secretary for Foreign Trade Affairs at the UAE Ministry of Economy (MoE) said ...

Read More »
Send this to a friend