Barclays has spoken to its rival bank Standard Chartered about a potential merger but no formal or informal bid was made, the Financial Times reported on Wednesday, citing two unnamed sources. One director each from the two London-headquartered banks met to discuss the possible benefits of merging, the FT said. The conversation that took place […]
Read moreMalaysia’s Prime Minister Mahathir Mohamad said on Wednesday that the new government will look to cut down the country’s debt which amounts to 1 trillion ringgit, by aborting or reviewing some projects and cutting salaries of cabinet ministers. Mahathir also said the national debt is 65 percent of the GDP. Ousted premier Najib Razak has […]
Read moreCash is still the biggest competition for the growing number of digital payments companies and it will not go away anytime soon, according to the chief technology officer at PayPal. Many companies are trying to create a digital payments economy but they face stiff competition from an existing mode of payment, according to Sri Shivananda, […]
Read moreSoftBank Group said on Wednesday it is selling its roughly 20 percent stake in Indian e-commerce firm Flipkart to Walmart. Walmart said earlier this month it will pay $16 billion for a roughly 77 percent stake in Flipkart, the U.S. retailer’s largest-ever deal. A SoftBank spokesman declined to give further details. SoftBank CEO Masayoshi Son […]
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