April, 2018

• 10 April

  ‘Stability rules’ win investor vote in Najib’s Malaysia

  How the mood changes. Malaysia is now seen as the best growth story among emerging Southeast Asian markets. Year-to-date, foreign investors bought a net $635 million of the country’s shares, while pulling money out of Indonesia, Thailand and the Philippines. The FTSE Bursa Malaysia KLCI Index has outperformed its peers with an 8 percent rally this year in dollar terms. ...

  Read More »
• 10 April

  Easy money of stimulus has made life harder for some

  

  The Bank of England (BOE) has often had to fend off charges that years of easy money worsened inequality. It recently released a study concluding the opposite: that nine years of asset purchases that pumped 375 billion pounds ($527 billion) into a faltering world economy didn’t widen inequality after all: Whatever the marginal impact of the extraordinary period of accommodative ...

  Read More »
• 10 April

  A millionaire mindset never made anyone rich

  

  The past three decades of minimal real wage growth have led some people to wonder why they haven’t gotten ahead. And in much the same way that nature abhors a vacuum, con artists hate missing an opportunity to separate suckers from their money. This might explain why we see a special class of self-help gurus — none of whom were ...

  Read More »
• 10 April

  Indeed, this is your modern public relations nightmare

  

  If you are looking for examples of companies that do well at public relations, start with what determines personal trust. We often trust people we have met, interacted with and maybe done business with. I think of community banks as enjoying relatively high levels of trust. Millions of Americans have walked through the doors of their local banks and dealt ...

  Read More »
• 10 April

  ECB still confident after euro area hits economic soft patch

  

  Bloomberg The European Central Bank’s top officials lined up to express cautious confidence in the euro-area economy after a series of reports pointing to a surprisingly weak start to the year, while reiterating that they’ll move only slowly towards ending stimulus. President Mario Draghi and three of his most-senior colleagues signalled that while inflation remains too low and a global ...

  Read More »
• 10 April

  BNP Paribas expands Poland footprint with Raiffeisen deal

  

  VIENNA / Reuters BNP Paribas is increasing its presence in Poland with the 775 million euro ($954 million) purchase of Raiffeisen Bank International’s (RBI) main business in the European Union’s largest eastern economy. The French bank said it will merge Raiffeisen Bank Polska, Poland’s tenth largest lender by assets, with BGZ BNP Paribas, which it bought in 2014, bolstering its ...

  Read More »
• 10 April

  Axis Bank surges most since October after CEO cuts tenure

  Bloomberg Axis Bank Ltd.’s Chief Executive Officer Shikha Sharma will step down at the end of 2018, more than two years before the proposed end of her term, amid reports the regulator is questioning the lender’s performance. The board of India’s third-largest private bank had proposed she stay through 2021 but accepted Sharma’s request for an exit on December 31, ...

  Read More »
• 10 April

  Deutsche Bank dials back Goldman pursuit

  

  Bloomberg Deutsche Bank AG’s management upheaval may be the final blow to the embattled lender’s ambitions to go head-to-head with Goldman Sachs Group Inc. in international investment banking, and that’s just fine for many in Germany. With veteran Christian Sewing appointed chief executive officer as the emergency replacement for out-of-favour John Cryan, businesses serving international clients and trading an array ...

  Read More »
• 10 April

  Standard Bank eyes West Africa growth post Ivory Coast entry

  Bloomberg Standard Bank Group Ltd. is seeking a banking license in Senegal after opening in Ivory Coast as the lender expands in West Africa’s French-speaking countries. Africa’s largest lender, which opened in the world’s biggest cocoa producer, will focus on corporate and investment-banking clients after obtaining the license in 2016, Sola David-Borha, the Johannesburg-based company’s chief executive officer for Africa, ...

  Read More »
• 10 April

  Bank of England mustn’t dally over next interest rate hike

  

  LONDON / Reuters The Bank of England should not delay raising interest rates again, one of its top policymakers said, pointing to the possibility of faster pay rises and the recent strong pick-up in the world economy. Ian McCafferty told Reuters that after lagging behind inflation for much of the past decade, wage growth might prove stronger than most of ...

  Read More »