Friday, May 11th, 2018

 

Britain’s HSBC joins the fintech fray with multi-account app

LONDON, May 11 — HSBC’s Connected Money app, providing a single platform for users to see their accounts with a range of providers, registered 13,000 downloads within a day of its launch, the British lender’s digital banking head said today….


Trump Indonesia project latest stop on China’s Belt and Road

BEIJING, May 11 — A billion-dollar Indonesian real estate development with ties to Donald Trump has become the latest project in China’s globe-spanning Belt and Road infrastructure project — just as Washington and Beijing are tussling over…


Symantec falls on lower forecast, internal investigation

WASHINGTON, May 11 — Symantec Corp declined 25 per cent after the company projected revenue and profit in the current quarter that will fall short of analyst predictions and disclosed an internal investigation into an unspecified matter. The…


Mubadala’s attempt to sell Swiss unit hits snag, say sources

ZURICH, May 11 — Abu Dhabi state investor Mubadala is struggling to sell its Swiss private bank, five sources told Reuters, as potential buyers are unwilling to pay up for a firm which is being investigated over alleged financial misconduct. The…


Barclays CEO fined US$872,000 over whistleblower affair

LONDON, May 11 — British regulators today said they have fined Barclays chief executive Jes Staley £642,430 (US$872,000) after he breached rules by trying to uncover a whistleblower. They had already last month announced their intention to fine…


Indonesia markets firm up amid official efforts to calm them

JAKARTA, May 11 — Top Indonesian officials today broadened their efforts to calm investors anxious about the rupiah currency and capital outflows, asserting that market volatility would be temporary and the country’s economic fundamentals are…


Crypto concerns push Nvidia shares lower

NEW YORK, May 11 — Shares of Nvidia Corp fell 2 per cent today as investors worried that a short-term surge in demand for graphics chips from cryptocurrency miners may be undermining its core business with computer gamers. Most analysts continued…


Oil set for weekly gain as Iran sanctions stoke supply concerns

LONDON, May 11 — Oil’s poised for a second weekly gain as traders assessed how renewed US sanctions on Iran and continuing tensions in the Middle East will affect supplies. Futures in New York traded above US$71 a barrel, near the highest level…


Which European firms stand to lose from US Iran sanctions

PARIS, May 11 — US President Donald Trump’s decision to quit the landmark nuclear deal with Iran is expected to see European economic heavyweights including Germany and France pay a hefty price. European businesses rushed to invest in Iran…


Banks to call for special UK visa waiver for workers after Brexit, say sources

LONDON, May 11 — Global banks in Britain are calling for a special work visa waiver after Brexit to preserve the City of London’s standing as a top global financial centre, two industry sources said, a move that would be more generous than the…