Bloomberg The rupee’s sharpest rally in almost a year is giving India’s central bank scope to take out an insurance policy for what could be a tumultuous 2017. A resumption of stock and bond inflows and a budget viewed as fiscally prudent and pro-growth spurred a 1.9 percent gain against the dollar in the last three weeks, the best ...

  Reuters Standard Chartered will consider whether it can restart correspondent banking relationships with Sudan following the proposed lifting of U.S. sanctions, a senior executive said. Anurag Bajaj, who oversees the British-based lender’s correspondent banking business, where it provides services for other banks, said the bank was reviewing the implications of last month’s move by the outgoing Obama administration to ...

  Bloomberg Bank of France Governor Francois Villeroy de Galhau cautioned French voters about the costs of withdrawing from the euro, noting that local interest rates are already rising on concerns about this year’s presidential election. National Front leader Marine Le Pen, who wants to take France out of the single European currency, is on track to place first in ...

    Bloomberg Oversea-Chinese Banking Corp., Southeast Asia’s second-largest lender, fell the most in six months in Singapore trading after its quarterly profit missed estimates amid a surge in bad-loan provisions. Net income fell 18 percent to S$789 million ($554 million) in the three months to December from a year earlier, the Singaporean bank said on Tuesday in an exchange ...

  Domsuehl / DPA “Colours are trendy. ” So goes the succinct explanation of Michael Gronwald, a 47-year-old light-show artist in the northeastern German state of Brandenburg. With about 30 other “bright guys,” his company are – literally – in charge of the visual highlights at events, rock festivals and city festivities all around Germany. In Parchim, 150 kilometres northwest ...

  DURHAM, NC / AP The National Museum of African American History and Culture was a long time coming, but for architect Phil Freelon it was right on time. “It seems like I was preparing for that my whole life,” Freelon said in an interview at his office in Durham. “It came along at a time when I was prepared. ...

  Dubai / Emirates Business DAMAC Properties Dubai, a leading property developer in the Middle East, on Tuesday announced the financial results for the full year 2016. During 2016, DAMAC recorded revenues of AED7.16 billion, with gross profit margins at 56%. Net profit for the reporting period stood at AED3.69 billion, achieving net margins of 52%. Total assets increased 5% ...

  Abu Dhabi / Emirates Business Abu Dhabi National Hotels PJSC (ADNH), one of the leading diversified UAE based Hospitality Company with interests in hotels, catering, transport and retail announced its preliminary financial results for the year ended December 31, 2016. During the year 2016, the company posted AED 1.3 billion in Operating revenues against AED1.38 billion in 2015. ADNH ...

  Dubai / Emirates Business Mashreq, UAE’s leading financial institution has recorded significant growth in the usage of Cardless Cash via its Mobile Banking application – Mashreq Snapp. Mashreq introduced Cardless Cash in 2015 and since then, the feature recorded 126% growth in 2016 with 77% of requests initiated via Snapp. Mashreq Cardless Cash feature allows customers to withdraw cash ...

  Sharjah / Emirates Business Art enthusiasts in the UAE are being treated to a new exhibition that has just opened to the public at Sharjah Ladies Club (SLC). Titled ‘Thoughts’ the work from Jordanian conceptual artist Sana Al Jefout was displayed at Noon Art Gallery in the club’s Collage Talent Centre. Featuring expressionist paintings that use architectural structures, formations ...