The chief executive of the UAE-based National Bank of Ras Al Khaimah has denied a claim by US prosecutors yesterday that an ATM-based "cyber-heist" resulted in $45m (£29m) of customer money being stolen. "The bank can confirm that ...
After China's biggest steel manufacturer Baosteel announced a price cut, buyers holds back and takes a wait and see approach. It’s learned that the prices for rebar fell as demand softens. Weather condition has not been favorable and ...
Incorporatewear Ltd, the UK’s premier corporate clothing supplier, has recently released its results for the financial year 2012/13 which for three years running now have shown growth in both turnover and, more importantly, ...
Tags: Incorporatewear, Apparel
The fine wine market will grow 22% by Christmas 2014, according to Premier Cru Fine Wine Investments. The Fine Wine market has experienced 15% growth since November 2012 The investment company estimated the market had experienced 15% ...
Tags: Wine Market, Wine
A new bill introduced late Wednesday to the US Senate aimed at strengthening Washington's sanctions against Iran could affect Asian countries that pay for Iranian crude in foreign currencies, sources familiar with the matter said Thursday. ...
Tags: Senate Bill, US Senate
Investors will be watching the Australian dollar closely this week following its drop of nearly US2c late last week to just above parity with the greenback. The Australian currency closed in US trading on Friday at $US1.0017 after briefly ...
Tags: economy
FOR two years, Dion Hershan has been in fairly select company -- gloomy on the outlook for commodities and local resources stocks and upbeat about the US. Now, as real concerns emerge about a bubble in major-bank share prices, the Goldman ...
Tags: economy
Street lights in front of Castlegate in Aberdeen, Scotland. Every street light in Scotland could be fitted with low-energy LED bulbs as part of ambitious plans to cut CO2 emissions, ministers said on Thursday. The Scottish government ...
Tags: LED bulbs, LED street light, LED
Chinese solar cell and module maker Suntech Power Holdings Co., Ltd. (NYSE: STP) owed nine banks a total of CNY 7.1 billion. It released financial forecasts for the fourth quarter of 2012 on May 2 and according to the forecasts, the ...
Tags: Service, Metallurgy, Mineral, Energy, solar
Within the U.S. Senate's comprehensive immigration bill is a proposal to create a database that may shed new light on H-1B hiring. The intent of the database is to help improve the odds that a U.S. worker may get hired over a foreign ...
Tags: Computer Products, software
Chinese banks fuel expansion overseas in succession due to a profit slowdown rooted from the domestic economic downturn. For an example, Bank of Communications (BoCom, SEHK: 3328 and SHSE: 601328), the fifth-biggest commercial lender ...
Tags: economy, China Banks, Fueling Expansion
Two U.S. senators will push Congress or President Barack Obama's administration to pursue trade and immigration sanctions against China and other countries that allegedly support cyberattacks on U.S. government agencies and businesses, the ...
Tags: Support Cyberattacks, Barack Obama
More and more banks in Germany are facing declining returns and weak growth. Against the backdrop of the euro crisis, the eleven largest German banks saw their year-on-year earnings before tax drop by one third during the first half of 2012 ...
Tags: Banks, Interlinking Corporate, Private Banking Business
The sharemarket consolidated yesterday as high-yield plays reacted negatively to reduced hopes of further interest rate cuts following the release of stronger-than-expected domestic jobs statistics. Meanwhile, profit-taking pushed ...
Tags: Rates Forecast, economy
Canadian group Manulife Financial and MetLife in the US are understood to be among the potential bidders to acquire a major stake in AmLife Insurance, the life insurance business of Malaysian bank AMMB Holdings. Sources familiar with the ...