Financial service companies like banks have seen some of their business cannibalised over the years with the rise of digital-based alternatives — often in the form of apps — that provide lower fees, faster responsiveness and more flexibility to consumers.
International Monetary Fund chief Christine Lagarde announced on Tuesday she had submitted her resignation from the global lender.
- Lagarde resigns as IMF chief, cites more clarity on ECB post (Reuters: Jul 16, 2019 at 4:35 PM)
International Monetary Fund chief Christine Lagarde submitted her resignation from the global crisis lender on Tuesday, citing more clarity about her nomination to lead the European Central Bank as European legislators approved a new top bureaucrat.
An influential Hindu nationalist group close to Indian Prime Minister Narendra Modi’s ruling party has demanded his government review its plan to raise money by selling foreign currency bonds.
- Influential Hindu group says India should not issue foreign currency bonds (Reuters: Jul 16, 2019 at 4:31 PM)
The question bank, which will be uploaded on the board’s website, will have exam papers from previous years.
…The most lucrative business at Goldman Sachs right now is also its most ethically fraught. Tensions are coming into sharp focus as the once-dominant Wall Street bank struggles to adapt to a new banking…
The current price reflects Slack’s potential to dominate workplace communications, the analysts say.
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…in May from a group of investors led by Qatar Investment Authority, valuing the company at $4.8bn. In Europe, digital bank Revolut is planning to raise up to $500m from investors before the end of the…
Christine Lagarde will resign from the International Monetary Fund on September 12 as she awaits final word on her nomination to the presidency of the European Central Bank, she announced Tuesday.
Federal Reserve Chairman Jerome Powell said Tuesday that the central bank now estimates that a key measure of core inflation increased in June to its highest level in four months but added that, despite the acceleration, inflation pressures “remain muted”.