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LONDON: Former Reserve Bank of India governor Raghuram Rajan has indicated the political challenges posed by Brexit were the reasons he didn’t apply to head up the Bank of England.
NEW YORK: An expected interest rate cut by the Federal Reserve later this month is pushing yield-oriented U.S. fund managers further afield in search of income at attractive prices.
GEORGE TOWN: The first of the three islands planned under the Penang South Reclamation (PSR) project is expected to create RM4bil worth of new construction jobs for the industry.
WASHINGTON: Pakistan needs to mobilise domestic tax revenue to ensure funds for social and development programs, while reducing debt, the acting director of the International Monetary Fund said on Sunday after a meeting with Pakistani Prime Minister Imran Khan
Airlines, suppliers and trade data show effects of plane maker’s crisis
FRANKFURT: Banks are waiting to hear how Mario Draghi (pic) plans to sweeten the bitter pill of more interest-rate cuts.
LONDON: Tourists flock to London’s Shoreditch to admire the street art that coats the trendy neighborhood in a riot of colour. What they may not expect to find alongside works by Banksy or Mr Cenz are the spray-painted logos of Swatch and Christian Louboutin.
HOUSTON: Blackstone Group is considering selling its stake in Cheniere Energy Partners LP, according to sources, seven years after agreeing to invest about US$1.5bil in the owner of the first major liquefied natural gas export terminal in the United States.
NEW YORK: As policy makers globally prepare to cut borrowing costs again, banks around the world are feeling the heat.