Finance

Bank of Tokyo-Mitsubishi UFJ opens Islamic finance business in Dubai

Large Asian lenders are increasingly seeing Islamic finance as a way to tap liquidity in south-east Asia and the Gulf.

Oct 29, 2015

US unwilling to sign free trade deal with UK outside of EU, says trade czar

At the end of 2017, British voters will decide if UK stays within the EU.

Oct 29, 2015

Apple makers to focus on iPhone sales during holiday season

Many analysts believe China is set to replace the United States as Apple's biggest market.

Oct 28, 2015

Eros tries to reassure investors after shares slump

Eros enjoyed a hit this year with "Bajrangi Bhaijaan" that has earned Rs. 3.15 billion ($48.50 million) so far.

Oct 27, 2015

United Phosphorous Ltd Q2 net profit rises by 59%

The company posted a net profit of Rs.320.91 crore for the quarter ended 30 September.

Oct 26, 2015

US expands probe into Deutsche Bank's Moscow breach of sanctions

The regulatory probe involving trades worth $6 billion has to do with sanctions against Russia.

Oct 26, 2015

Malaysia poised to become global hub for Islamic finance, says central bank governor

Global Islamic finance is an industry with assets valued at about $2.1 trillion in 2014.

Oct 24, 2015

Ericsson posts net income of $364 million for third quarter

India has emerged as the highest growing region for Ericsson, 81% over the last year.

Oct 24, 2015

Reliance Capital to buy Goldman Sachs' Indian funds arm

Goldman Sachs' India onshore arm currently manages 12 mutual fund schemes.

Oct 21, 2015

Edmund Shing: Payment Protection Insurance to batter Barclays, Lloyds, and RBS again

UK banks have been pretty bad boys, caught out for a succession of PPI scandals.

Oct 6, 2015

India's forex reserves plunge by $2 billion in week ending September 25

The forex reserves had risen by $631.5 million in the previous week and by $2.35 billion in the week before.

Oct 2, 2015

Bank of England warns climate change threatens economic stability

Bank of England Governor Mark Carney said on 29 September that climate change threatens global financial stability and prosperity.

Sep 30, 2015

SBI, Andhra Bank slash their lending rates after repo rate cut by RBI; other banks to follow

While SBI reduced its lending rate by 0.4% to 9.3% per annum, Andhra Bank slashed its interest rate by 0.25%.

Sep 29, 2015

Yellen indicates Fed rate hike by year-end

The end of 2015 could finally see a rate hike from the US Federal Reserve, almost nine years after it signalled a regime of low rates in order to help global growth. The Feds chair Janet Yellen on Thursday 24 September, said she was confident of a US recovery amid a sluggish global economy and reiterated plans to withdraw the central banks extraordinary stimulus by year-end as long as inflation was stable and employment levels remained strong.

Sep 25, 2015