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03 Feb, 2023
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International banks in UAE to switch to Mon-Fri work week

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Category: Business

International banks in UAE to switch to Mon-Fri work week

January 2, 2022December 27, 2021 up-dogparkorg

Deutsche Bank AG (DBKGn.DE), JPMorgan Chase & Co (JPM.N) and Societe Generale SA (SOGN.PA) are changing to a Saturday-Sunday weekend from the New Year in the United Arab Emirates (UAE) which is aligning its working week with most global markets. Read more

Business

China’s Kaisa says bondholders have not asked for accelerated repayments yet

January 1, 2022December 27, 2021 up-dogparkorg

Kaisa Group (1638.HK) said on Monday it has not received any notice from bondholders to accelerate repayments yet as the embattled Chinese property developer has not repaid a $400 million offshore bond. The firm said it also did not pay Read more

Business

China’s property distress sours steel sector in warning sign for economy

December 31, 2021December 27, 2021 up-dogparkorg

Debt problems at a major Chinese property developer have now spilled over into a vital artery of the nation’s industrial engine – the steel sector – and started to ripple through to other critical parts of the world’s second-largest economy. Read more

Business

Analysis: Stay, swap or shed: Investors brace for delisting of U.S.-listed China stocks

December 30, 2021December 27, 2021 up-dogparkorg

As a long-running Sino-U.S. diplomatic spat threatens to force Chinese companies off American stock exchanges, global equity investors are assessing ways to retain or add exposure to the world’s second-biggest economy. Fund managers are planning or accelerating a shift out Read more

Business

GSK picks ex-Tesco chief Lewis to chair consumer healthcare arm

December 29, 2021December 27, 2021 up-dogparkorg

British drugmaker GlaxoSmithKline Plc (GSK.L) has picked Dave Lewis, former chief executive of Tesco Plc (TSCO.L), to chair its consumer healthcare unit, which is due to be spun off next year, a source familiar with the matter said on Sunday. Read more

Business

French economic rebound, inflation to moderate next year – central bank

December 28, 2021December 27, 2021 up-dogparkorg

French growth and inflation will moderate in 2022 after a faster than expected recovery this year, after which a tighter labour market will boost wages, the French central bank forecast on Sunday. The euro zone’s second-biggest economy is set to Read more

Business

Russia does not expect to be cut off from SWIFT system, VTB CEO says

December 27, 2021December 27, 2021 up-dogparkorg

Russia’s financial system would be able to cope even if it was disconnected from the SWIFT global interbank payments system, the head of the country’s second-largest lender VTB Bank (VTBR.MM) said on Sunday, but added he did not think such Read more

Business

Recent Posts

  • Unhappy Bills fans donate to local charity for the visually impaired
  • A mass of human brain cells in a petri dish has been taught to play Pong
  • International banks in UAE to switch to Mon-Fri work week
  • Best Buy reveals Alder Lake non-K 65W CPU prices
  • Staffies trash house but stay on ‘nice list’ after leaving Christmas tree in one piece

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