Special Features Banking And Finance
Islamic finance needs global board, says IDB President
- Details
- Published on Monday, 20 May 2013 00:00
- Written by REUTERS
KUALA LUMPUR/SYDNEY, - The Islamic Development Bank (IDB), a Jeddah-based multilateral institution, has called for the creation of a global sharia advisory board that can offer greater uniformity for the Islamic finance industry, its president said on Thursday.
Add a commentEurope banks hesitate to ask shareholders for more cas
- Details
- Published on Monday, 20 May 2013 00:00
- Written by REUTERS
LONDON - A wave of investor demand that has allowed Deutsche Bank and two other lenders to raise six billion euros ($7.7 billion)in new share capital in the past month is unlikely to prompt other European banks to go to their shareholders for more cash.
BSP: Paying the price for stability
- Details
- Published on Monday, 20 May 2013 00:00
- Written by
The primary objective of the Bangko Sentral ng Pilipinas (BSP) is to promote price and financial stability conducive to balanced and sustainable economic growth.
MasterCard survey shows 33% of parents in Asia-Pacific spending on extra tuition
- Details
- Published on Monday, 20 May 2013 00:00
- Written by
Two thirds of households in Asia-Pacific are spending on enrichment classes for their children such as academic tuition, learning a foreign language and public speaking on top of regular school fees, according to MasterCard’s latest survey on Consumer Purchasing Priorities – Education.
China April bank lending on track; money supply jumps
- Details
- Published on Monday, 13 May 2013 00:00
- Written by REUTERS
BEIJING - Chinese banks made 792.9 billion yuan ($129.3 billion) of new loans in April, largely in line with market expectations, while money supply jumped as the central bank kept policy accommodative to support the economy.
The lending figure, issued by the People’s Bank of China, was a shade lower than the median forecast of 800 billion yuan, which compared to March’s 1.06 trillion yuan.
Add a commentAUB climbs 9.5% on debut
- Details
- Published on Monday, 20 May 2013 00:00
- Written by REUTERS
Philippine lender Asia United Bank Corp jumped as much as 9.5 percent on its market debut on Friday after an oversubscribed public offer, the first listing since the country won investment rating upgrades from two agencies this year.
Add a commentG7 says to proceed with bank reforms
- Details
- Published on Monday, 13 May 2013 00:00
- Written by REUTERS
AYLESBURY, England - Group of Seven finance officials agreed on Saturday to redouble efforts to deal with failing banks and gave a green light to U’s drive to galvanize its economy.
British finance minister George Osborne said the finance ministers and central bankers meeting 40 miles outside London focused on unfinished bank reforms, with signs that plans for a euro zone banking union are fraying.
Add a commentIMF warns central banks of spillovers, heavy losses
- Details
- Published on Monday, 20 May 2013 00:00
- Written by REUTERS
WASHINGTON, - Central banks got it right when they saved the world economy, but their unprecedented actions risk disruptive cross-border spillovers and potentially heavy losses when the time comes to reverse course, the IMF said.
Add a commentPrepaid debit cards: A weak link in bank security
- Details
- Published on Monday, 13 May 2013 00:00
- Written by Emily Flitter and Tanya Agrawal
A brazen gang of cyber criminals, who stole $45 million from bank ATMs in 27 countries, exposes an Achilles heel in the global financial industry: prepaid debit cards.
Cyber security experts and industry analysts say the burgeoning use of prepaid debit cards for everything from gift certificates to disaster relief handouts is making it easier for hackers to withdraw large amounts of money before detection.
Add a comment
