WHO declares end to yellow fever outbreak in Congo, Angola

  JOHANNESBURG / AP The World Health Organization has declared an end to the yellow fever outbreak that killed about 400 people in Congo and Angola, calling it “one of the largest and most challenging” in recent years. The WHO statement says 965 cases were confirmed but thousands of others had been suspected. Neither country had reported a new confirmed ...

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Russia denies intel contacts with Trump campaign team

  MOSCOW / AP Kremlin spokesman Dmitry Peskov has denied reports of intercepted phone calls between Russian intelligence officials and members of Donald Trump’s presidential campaign. The New York Times said that the Russians made contact with Paul Manafort, who briefly served as Trump’s campaign chairman. Current and former US officials interviewed by the Times declined to identify other Trump ...

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ABN Amro reports 23% increase in Q4 profit

  Bloomberg ABN Amro Group NV, the state-controlled Dutch lender, reported a 23 percent increase in fourth-quarter profit, helped by higher net interest income and lower provisions set aside for risky loans. Underlying net income, which strips out one-time items, rose 333 million euros ($352 million) from 272 million euros a year earlier, the Amsterdam-based company said in a statement ...

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India to cut bank capital infusion targets

  Bloomberg India may cut the amount of capital it plans to inject into state-controlled lenders this fiscal year by as much as 78 billion rupees ($1.2 billion) because of slow loan growth, people with knowledge of the matter said. The government, which had promised to inject 250 billion rupees into the lenders in the year ending March 31, has ...

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BOE to keep polymer bank notes in circulation

  Bloomberg The Bank of England (BOE) said it won’t pull its new plastic banknotes from circulation following controversy over the use of animal fat in their production. The central bank will keep the polymer five-pound ($6.22) note and will issue the new ten-pound bill as planned in September, it said in statement Wednesday. The BOE said it gave “careful ...

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Credit Suisse boosts senior Asia banker pay by 15%

  Bloomberg Credit Suisse Group AG raised some of its senior Asia-Pacific investment bankers’ pay last year by as much as 15 percent after the firm boosted advisory revenues in the region, according to people familiar with the matter. Average total 2016 compensation, including bonuses, for high-performing managing directors at the bank was between $1 million to $1.5 million, said ...

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Women central bank bosses outnumber men in S Asia

  Bloomberg They’re doing much better than the US and Europe. Many hailed Zeti Akhtar Aziz’s 16-year tenure as governor of Malaysia’s central bank as a triumph for gender diversity in Southeast Asia. Turns out it wasn’t such a rarity. Women have become uniquely well represented throughout the region’s central banks, the latest available data show. They account for almost ...

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Dubai Cares marks 10th anniv, honours donors for their support

  Dubai / WAM Dubai Cares, part of Mohammed bin Rashid Al Maktoum Global Initiatives, hosted on Wednesday a special ceremony to celebrate the UAE-based global philanthropic organisation’s 10th anniversary and extended its gratitude to the UAE community for its generous support over the past decade. The ceremony, which was attended by Vice President, Prime Minister and Ruler of Dubai, His ...

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White House: Mideast peace may not be 2-state solution

  WASHINGTON / AP As Israeli Prime Minister Benjamin Netanyahu visits the White House, the Trump administration has suggested that peace between the Israelis and Palestinians may not come in the form of a two-state solution — a position that could represent a dramatic shift from 20 years of US policy. Speaking to reporters ahead of President Donald Trump’s meeting ...

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UAE, Slovenia seek to boost economic ties

  Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, the UAE Minister of Economy, and Dr. Milo Cerar, Prime Minister of Slovenia, discussed the promotion of economic ties and strengthening of commercial, investment and tourism co-operation between the two countries. The meeting between the two parties was held on the sidelines of the 5th World Government Summit. The two parties ...

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