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LONDON: Replenished firepower and higher interest rates will give Europe’s banks an ideal opportunity this year to reverse recent underperformance and claw back market share from rivals in the United States, industry experts say.
BEIJING: Mortgage interest rates in some major Chinese cities have seen adjustments following the latest benchmark lending rate cut, and industry experts believe the lowered cost of housing loans will further stimulate reasonable consumption demand for residential properties.
Company to integrate JurisTech into its operations
BEIRUT (Reuters) -Kuwait's foreign minister said on Sunday Lebanon must not be a platform for hostile acts or words toward Gulf Arab states, an indirect call for curbs on the Iran-backed group Hezbollah in order to improve strained ties.
BigPay to focus on customer growth, new product development
PETALING JAYA: Bank Negara (pc) is not expected to follow its counterpart Bank Indonesia (BI) in raising the statutory reserve requirement (SRR) ratio, an instrument to manage liquidity in the banking system.
SHANGHAI/HONG KONG: China Evergrande Group on Friday said it was hiring more financial and legal advisers after a group of international creditors said it would take "enforcement action" if the property developer did not do more to resolve a debt default.
COLOMBO: The Sri Lankan central bank raised interest rates yesterday, as expected, shifting its focus away from growth and back to controlling inflation in a bid to curb soaring imports and attract more foreign capital.