Archive for the February 21, 2019
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Britain's Lloyds Banking Group announced Wednesday surging 2018 profits on lower product mis-selling costs and the "resilient" UK economy - despite looming uncertainty over Brexit. Net profit jumped 27 percent to £3.87 billion ($5.02 billion,
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Zimbabwe's central bank on Wednesday said it was introducing a new interbank foreign exchange system, effectively devaluing its quasi-currency which had been officially pegged at par with the US dollar. "We have provided a formal
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China has not and will not change its prudent monetary policy and will not resort to "flood-like" stimulus, Premier Li Keqiang said on Wednesday. Market speculation is growing over whether authorities will take more aggressive
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India's top court told billionaire tycoon Anil Ambani on Wednesday he must pay his debts to Sweden's Ericsson or go to jail, the latest twist in a saga that has brought his telecom company to
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Dubai budget carrier flydubai chalked up a loss of $43.5 million in 2018, it said Wednesday, as airlines across the Gulf struggle with mounting costs and political tensions. The government-owned carrier, a sister of aviation
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Dubai budget carrier flydubai chalked up a loss of $43.5 million in 2018, it said Wednesday, as airlines across the Gulf struggle with mounting costs and political tensions. The government-owned carrier, a sister of aviation
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South Africa's Finance Minister Tito Mboweni announced Wednesday a $1.6 billion-a-year bailout for the country's electricity utility in a bid to stave off further downgrades to Pretoria's credit rating as he unveiled a new budget.
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A slowing global economy and increasing strain on businesses from a year-long Sino-US trade war are tilting central banks from Japan to Australia towards monetary easing in a remarkable 180 degree turn. Late last year,
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Mining giant Glencore pledged on Wednesday to limit its coal production and instead prioritise investment in other commodities needed as part of a transition towards cleaner energy and transportation. "To meet the growing needs of
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Mining giant Glencore pledged on Wednesday to limit its coal production and instead prioritise investment in other commodities needed as part of a transition towards cleaner energy and transportation. "To meet the growing needs of
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