Sberbank will continue to implement joint projects with Yandex, there are no talks about terminating cooperation, Head of the bank Herman Gref told reporters on Tuesday.
The Indian government has agreed to provide a loan of $100 million to Nigeria to help the country achieve its goal of universal internet coverage.
France’s financial watchdog is poised to approve a first tranche of cryptocurrency-related companies under new rules on digital coins, some of the first such regulations to be launched by a major economy.
- France to Approve First Crypto-Issuers as New Rules Loom (New York Times: Jul 16, 2019 at 12:00 AM)
- France to approve first crypto-issuers as new rules loom (Reuters: Jul 16, 2019 at 11:19 AM)
Facebook’s ambitious plan to create a financial eco-system based on a digital currency faces questions from lawmakers.
JPMorgan Chase & Co reported a better-than-expected quarterly profit on Tuesday as higher interest income and a modest increase in loans more than made up for lower activity at the bank’s trading desks.
- JPMorgan profit beats estimates on strength in consumer banking (Reuters: Jul 16, 2019 at 11:24 AM)
Tracker mortgages, which were introduced to Ireland in 2001 by Bank of Scotland, were a profitable way for banks to lend as their own borrowing costs in financial markets dropped significantly after the establishment of the euro in 1999.
The Central Bank of Kenya (CBK) and the Monetary Authority of Singapore (MAS) have signed a memorandum of understanding (MOU) on electronic data.
Sberbank in 2020 will pay particular attention to transferring technology to Belarus, Head of the bank Herman Gref said on Tuesday following a meeting with President of Belarus Alexander Lukashenko.
The deal on divestment of Turkey’s Denizbank can be closed in July, Chief Executive Officer of Sberbank Herman Gref told reporters on Tuesday.
This Diary is filed daily.
U.S. retail sales increased more than expected in June, pointing to strong consumer spending.