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Riga /AFP Two Scandinavian banks, Nordea and DNB, announced on Thursday they will merge operations …
Read More »Nordea, DNB to merge Baltic operations
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Kenya president signs law capping bank interest rates
Bloomberg Shares of Kenya’s biggest banks plunged after President Uhuru Kenyatta signed a law …
Read More »Maybank posts third straight profit drop on loan impairments
Bloomberg Malayan Banking Bhd. posted a third straight decline in quarterly profit as the …
Read More »EU, Portugal agree 5bn-euro bailout for CGD bank
Lisbon /AFP The European Commission and Portugal said they have agreed on a 5-billion-euro …
Read More »PBOC money-market tactic has traders trying to decode signal
Bloomberg China’s central bank watchers have something new to puzzle over. The People’s Bank …
Read More »Sberbank posts US$2.23bn net profit in Q2
AFP Russia’s largest lender Sberbank on Thursday announced it almost tripled its profits in …
Read More »Oz retail giant Woolworths suffers huge losses
Sydney / AFP Australian supermarket giant Woolworths on Thursday reported a large annual net …
Read More »Lufthansa cabin crews approve 3-year contract to end strikes
Bloomberg Deutsche Lufthansa AG flight attendants approved a three-year contract to end one of …
Read More »Engine woes prompt ANA to scrap some flights
Emirates Business ANA Holdings Inc., the world’s biggest operator of Boeing Co.’s Dreamliner jet, …
Read More »Li & Fung profit falls 14% as economic fears hurt retailers
Bloomberg Li & Fung Ltd., the world’s largest supplier of clothes and toys to …
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