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
A Dutch startup has launched a service that studies data from social networks to quickly identify online service outages -- sometimes, it says, before the service providers know about the outages themselves. Downdetector.com, which rolled ...
Tags: Computer Products
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
Amsterdam-based ING group has reported 38.2% increase in its total underlying net profit for the first quarter of 2013, which stood at €800m compared to €579m during the same period earlier year. For the three months ended on 31 ...
Tags: ING, Net Profit
Companies should be using the high dollar as an opportunity to invest in businesses offshore, says Francesco de Ferrari, a senior private banker with Credit Suisse. "Big companies should go on a shopping spree. The entrepreneurs get it ...
Tags: Credit Suisse Banker, economy
Australian government bonds will be traded on the Australian Securities Exchange from May 21. The new arrangement will allow investments in Treasury Bonds and Treasury Indexed Bonds in the form of CHESS Depository Interests (CDIs). ...
Tags: ASX Trade, Government Bonds
Acer said its net profit for the first quarter grew 55 percent year-over-year, but its revenue continued to decline amid struggling PC sales. The Taiwanese PC maker's net profit reached NT$515 million (US$17.4 million), an increase from ...
Tags: PC notebooks, Acer
The traditional structure by which payments are made in the UK needs to be vastly simplified, with retailers and other merchants dealing directly with customers' banks - not via "merchant acquirers" and other middlemen. The new structure ...
Tags: Payments Loop, Computer Products
Sainsbury's Bank, the 50/50 joint venture between the supermarket chain and Lloyds Bank, will outsource its entire banking IT platform when Sainsbury's takes complete control of the financial services organisation. Further reading ...
Tags: Sainsbury, IT, Computer Products
Britain’s third largest supermarket Sainsbury has taken full control of Sainsbury’s Bank, after acquiring the remaining 50% shareholding from Lloyds Banking Group for 248M. Sainsbury: banking on the growth of its financial ...
Tags: Sainsbury, Agriculture
Wells Fargo has agreed to make Prudential Retirement’s guaranteed lifetime income solution, IncomeFlex Target, available to its over 3,000 defined contribution retirement plans, to cover over three million plan participants. ...
Tags: Wells Fargo, Prudential Retirement
As developers create tiny computer devices like smartwatches, one question they face is how to make tiny keyboards usable. Researchers at Carnegie Mellon University say they have a solution to that problem. They have developed what's ...
Tags: Smartwatches, Zoomable Display
Australian stocks recovered from a steep intraday fall to close only marginally lower yesterday, as the Reserve Bank cut interest rates to a record low. The benchmark S&P/ASX 200 closed down 12.5 points, or 0.2 per cent, at 5143.7, after ...
Tags: Stocks Lift, Australian stocks
CBIZ, a Cleveland-based business consultancy, has purchased Minneapolis-based insurance brokerage agency Associated Insurance Agents (AIA), in a bid to boost its insurance capabilities. Financial terms of the transaction were not ...
Tags: CBIZ, Insurance Agents
The sharemarket has opened more than1 per cent higher after strong US jobs numbers pushed American stocks to a record high and helped miners outperform the market. At 10.30am AEST the benchmark S&P/ASX200 index was up 54.5 points, or 1.06 ...
Tags: US Jobs Data, Service