HSBC Cautious, Underweight on Indian Equities

Despite the recent volatility in Asian markets, some factors support the action in the region, a major global brokerage said HSBC, adding that it was “cautious” and “low” ... Continue Reading →

Citigroup to Join JPMorgan, Goldman

Citigroup Inc. is the latest Wall Street bank is trying to make money in the reduction of liquidity in the debt markets, selling type of derivative is increasingly being used to bet ... Continue Reading →

People’s Bank of China Say No Need to Buy US Dollars

Zhou Xiaochuan, governor of the People’s Bank of China said on Saturday he expected the RMB exchange rate to normalize and the market to resume rationality “after some time” ... Continue Reading →

Chairman of Agricultural Bank of China ‘Liu Shiyu’ Resigns

President of the Agricultural Bank of China has resigned, the lender said in a filing to the Shanghai Stock Exchange on Sunday, a day after it was announced that he was appointed head ... Continue Reading →

Allianz to Bring Pimco Power This Year

The Alliance will work to bring Pimco return to its old strength this year, as a third party investors continue to withdraw funds from the Asset Management Unit, Chief Executive German ... Continue Reading →

Kotak Mahindra Bank Buys ING Group Share Deal

Kotak Mahindra Bank on Thursday announced that it has acquired Bangalore-based ING Bank Vysya all-stock deal. ING shareholders will receive 725 shares of Kotak Bank 1000 shares they ... Continue Reading →

ICBC To Take Part in Managing Russian Eurobond

Industrial and Commercial Bank of China (ICBC) wants to take part in the organization of Russian sovereign Eurobonds this year and responded to the invitation from the Russian Ministry ... Continue Reading →

Hikers Finds A Rare 2000-Year-Old Coin in Israeli

Rare ancient Roman coin – the second of its kind known to exist at the present time – was discovered in Israel from the tourism authorities on Monday. The coin has the image ... Continue Reading →

BNP Paribas to Expand Investment Bank in London

BNP Paribas plans to expand its business to corporate and institutional banking (CIB) in London, Chief Executive Jean-Laurent Bonnafe, quoted by the French trade union. BNP Paribas ... Continue Reading →

Berkshire Hathaway Expands Specialty Insurance in Europe

Berkshire Hathaway International Insurance Limited ( “Bhilai”) today announced that it will offer specialty insurance solution for Europe with its subsidiary company Berkshire ... Continue Reading →