Hong Kong: Bank of America Corp will seek more lending and cash management business with companies in Asia and elsewhere outside its BUS home turf, Chief Executive Brian Moynihan said, an area ripe for expansion where it lags its big rivals.
Hong Kong: Bank of America Corp will seek more lending and cash management business with companies in Asia and elsewhere outside its BUS home turf, Chief Executive Brian Moynihan said, an area ripe for expansion where it lags its big rivals.
That could mean vying for market share with more entrenched global banks such as Citigroup Inc and HSBC
Brussels: The European Commission’s latest economic outlook paints a disheartening picture: unemployment rates close to or above 5 per cent in Austria, Germany, and the Netherlands in 2014, but above 25 per cent in Greece and Spain and roughly 15 per cent in Ireland and Portugal. In the same year, per capita GDP is expected to be almost 7 p
Beijing: China’s uneven economic recovery signals a looming dilemma for policymakers as official data released at the weekend showed inflation at a 10-month high in February while factory output and consumer spending were weaker than forecast.
Data from China’s National Bureau of Statistics showed the consumer price index rose 3.2 per
Athens: Greek Prime Minister Antonis Samaras on Saturday promised his recession-weary nation that there would be “no more austerity measures” as international creditors prolonged an audit of crisis reforms.
“There will be no more austerity measures,” Samaras said in a televised speech to his conservative party’s political committee.
“And as soon as g
Cernobbio, Italy: Italy’s Economy Minister Vittorio Grilli brushed aside on Saturday any threat to this week’s debt auctions from the latest downgrade of the country’s debt.
Italy is one of the world’s biggest sovereign debtors and investors have been rattled by elections that delivered a strong protest vote against the sort of austerity measures t
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