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Japan’s MUFG posts 6.3% fall in first-half net profit

TOKYO: Mitsubishi UFJ Financial Group Inc (MUFG) has reported a 6.3% drop in net profit for the six months through September, as its profit in the same period of last year was buoyed by the release of bad loan provisions.

This is what awaits South Africa if Moody’s cuts its rating to junk

Dubai: Most analysts following South Africa expect it to lose its final investment-grade rating. But they disagree over when that might happen and what the consequences would be

Lebanese banks worry capital increase deadline is too tight - sources

BEIRUT (Reuters) - Lebanon's banks are worried that a central bank deadline for compulsory capital increases is too tight as they grapple with the fallout from weeks of anti-government protests, banking sources familiar with the matter said.