The 165 year-old Bank of the Philippines Islands counts Philippines conglomerate Ayala and Singapore sovereign wealth fund GIC among its major shareholders. BPI says that a major system glitch led to customers getting hit by unauthorised money withdrawals and deposits. The problem is that the transactions reached up to thousands of pesos. Some users claimed on social media that […]
Read moreOnce again crazy people kill in the name of religion. Police have claimed that they have shot dead three Terrorists within eight minutes of the attacks which killed seven people with a vehicle and knife attack. It is said that the Terrorists drove a Van into pedestrians on the London Bridge just after 10pm (local […]
Read moreA lot can be achieved in 40 years. You could build a decent sized Egyptian pyramid with manual labour, construct a massive channel connecting the Atlantic and Pacific oceans and still have another decade up your sleeve to develop the Apollo program to get the first man on the moon. There would also be enough […]
Read moreNovember marked one of the most decisive shifts for global financial markets in recent years, with a bevy of asset classes — from bank stocks, emerging-market bonds to hard commodities — staging sharp price swings in the space of a mere three weeks. Investors reckon the ascent of Donald Trump presages a regime shift for […]
Read moreThe consensus view is that around 15,000 jobs will have been added in September but unemployment will edge up slightly to 5.7 per cent.NAB’s David de Garis said it is likely to be a stronger gain of 30,000 jobs and unemployment remaining at 5.6 per cent. That’s not because the economy has suddenly taken off, […]
Read moreTheir effervescence makes Australia’s supposedly bubble-like market look like a beer left out in the sun for a couple of days. Prices in first tier cities like Shenzhen have tripled over the past five years, while the Shanghai market is up almost 100 per cent in the same time. Having encouraged the boom, policy […]
Read moreGovernment revised rehabilitation of bonded labour scheme, bringing it into the Central sector. Scheme proposes to increase the Budget provision from rs. 5 crore to about Rs. 47 crore per annum.
Read moreUK-based Royal Bank of Scotland (RBS) will shut down its corporate, institutional and retail banking operations in India. RBS currently operates 10 retail branches in India employing 400 people
Read moreAccording to USA based global rating agency Fitch, India’s economic growth rate will accelerate to 8% by 2018-2019. India’s GDP to grow 7.5% in 2015-2016 and improve to 7.7% in 2016 – 2017 and 7.9% in 2017-2018
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