June, 2017

• 10 June

  Ajman Chamber discusses ways to strengthen economy

  Ajman / WAM Within the framework of strengthening the ties and direct cooperation between Ajman and the world, the Ajman Chamber of Commerce and Industry (ACCI), organised its annual Ramadan Majlis. Sheikh Sultan bin Saqr Al Nuaimi, Mohammed bin Khalifa bin Salmeen Al Aryani, Board members of ACCI, Nasser Al Dhafri, Acting Director-General of Ajman Chamber, Mohammed Al Janahi, Executive ...

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• 10 June

  wasl Topaz launched in Umm Hurair

  

  Dubai / Emirates Business wasl properties, a subsidiary of wasl Asset Management Group, has announced the launch of wasl Topaz in Umm Hurair. The development will provide prospective tenants in this vital area of the city with 90 new residential units for leasing, ranging from one and two bedroom apartments to two and three bedroom apartments with dedicated maid’s rooms. ...

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• 10 June

  Trump supports Saudi-led diplomatic isolation of Qatar

  

  Bloomberg President Donald Trump said he backed a Saudi Arabia-led movement to isolate Qatar over its funding of extremist groups, once again sending conflicting signals about the US stance in a dispute between American allies in the Gulf region. Qatar has historically “been a funder of terrorism at a very high level” and that has to stop, Trump said at ...

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• 10 June

  US forces assist Philippine troops against militants

  Bloomberg US special forces are assisting Philippine troops in their operations against militants in the southern city of Marawi, the US embassy in Manila said in an emailed statement. The assistance helps military commanders in their fight against the militants and was offered at the request of the Philippine government, according to the statement, which didn’t give details of the ...

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• 10 June

  Merkel expects Brexit to proceed as scheduled

  Bloomberg German Chancellor Angela Merkel said she’s ready to defend the interests of European Union members in Brexit negotiations and doesn’t see any reason for the process to be delayed by the results of the UK’s election. “We will try to defend the interests of our 27 members states, and Great Britain will defend its own interests,” Merkel said in ...

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• 10 June

  Nordea wins concessions from Swedish govt after HQ threats

  

  Bloomberg Sweden unveiled a softer plan for filling the country’s bank resolution reserve following threats from Nordea Bank AB that it may shift its headquarters from Stockholm to a more accommodating regulatory environment. Sweden will keep a cap on the size of the resolution reserve, instead of allowing it to grow indefinitely, the Finance Ministry said. The government stuck to ...

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• 10 June

  Former SocGen banker charged in insider case

  

  Bloomberg A former Societe Generale SA managing director was charged in a French insider-trading case linked to Air Liquide SA’s $13.2 billion takeover of Stephane Fima, a managing director who specialized in acquisition financing, was charged by an investigative judge following raids last year at the bank’s headquarters in the La Defense business district in western Paris. The criminal charges ...

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• 10 June

  ABN Amro fires 10 mortgage advisers

  Bloomberg ABN Amro Group NV said it fired some mortgage advisers and cut performance-related pay after it found 114 staff copied client signatures, closing a probe the Dutch bank started more than six months ago. The government-owned lender terminated as many as 10 staff out of more than 850 advisers, a spokesman for the Amsterdam-based bank said. The bank said ...

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• 10 June

  Wells Fargo to slash 70 senior positions

  

  Bloomberg Wells Fargo & Co. is removing a layer of management, consolidating its regional and area president roles into a new one called region bank president, according to an internal memo. The change will result in the elimination of 70 jobs, Bridget Braxton, a Wells Fargo spokeswoman, said in a telephone interview. Each region bank president will supervise six to ...

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• 10 June

  Citigroup expands digital-banking in Asia to win affluent clients

  

  Bloomberg Citigroup Inc. is expanding its digital-banking channels in Asia as the bank seeks to boost its base of affluent customers in the region by at least 10 percent this year. The New York-based firm is accelerating the deployment of technologies that allow customers to get advice from wealth managers and make transactions through its Internet and mobile platforms, according ...

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