06282016Tue
Last update: Tue, 28 Jun 2016 08pm

Business & Finance - Banking & Finance

Norway central bank offers second loan auction after Brexit vote OSLO: Norway's central bank offered a second liquidity auction on Friday and repeated it was continuously assessing the liquidity situation following the Brexit vote. Norges Bank offered this time short-term liquidity through a June 24 to July 1 "F-loan", the bank's main tool for liquidity management, to participants in the Norwegian money market. Minimum bid volume for the loan was 10 million Norwegian crowns($1.17 million), Norges Bank said. Earlier on Friday, the first liquidity auction pumped 13.2 billion Norwegian crowns ($1.56 billion) into the country's commercial banks. Copyright Reuters, 2016


Business & Finance - Banking & Finance

Investors to focus on fundamentals soon, Polish central bank says WARSAW: After a period of higher volatility after Britain voted to leave the European Union, investors will focus on the Polish economy's strong fundamentals, Poland's central bank said on Friday."The Polish economy has solid macroeconomic fundamentals and is well-balanced," the bank said in a statement. Copyright Reuters, 2016

Business & Finance - Banking & Finance

Central banks move to calm jittery markets after Brexit shock LONDON/ZURICH: Some of the world's biggest central banks offered financial backstops to soothe plunging markets on Friday after Britain voted to leave the EU with some even intervening in currency markets on worries that volatility could hit growth.The Bank of England offered to provide more than 250 billion pounds ($347 billion) plus "substantial" foreign currency liquidity and it was ready to take additional measures if needed, Governor Mark Carney said after markets went into a ...

Business & Finance - Industries & Sectors

How many calls are made on WhatsApp? every second... WhatsApp, one of the most popular mobile messaging apps has been actively reaching milestones, as the Facebook owned company announced that users are making 100 million calls a day on it.“Today, more than 100 million voice calls are made every day on WhatsApp - that's over 1,100 calls a second! We're humbled that so many people have found this feature useful, and we're committed to making it even better in the months to come,” WhatsApp ...

Business & Finance - Banking & Finance

Bank of England 'stands ready to provide' £250bn LONDON: The Bank of England "stands ready to provide" more than £250 billion of funds to aid the smooth functioning of markets after the Brexit vote, governor Mark Carney said Friday."As a backstop, and to support the functioning of markets, the Bank of England stands ready to provide more than £250 billion ($370 billion, 326 billion euros) of additional funds through its normal facilities," Carney said in a televised statement."The Bank of England is also ...

Business & Finance - Industries & Sectors

Volkswagen Korea executive arrested over emissions fraud SEOUL: Seoul prosecutors arrested an executive of Volkswagen's South Korean unit on Friday, as part of an ongoing probe into the emissions fraud scandal that engulfed the German carmaker.An official with the Seoul Central District Court told AFP that it had issued the warrant to arrest the executive -- identified only by his surname Yoon.Charges include manipulating documents on emissions tests to get approval for selling Volkswagen vehicles in the country. Prosecutors plan to question ...

Business & Finance - Banking & Finance

Deutsche Bank, Commerzbank shares down 17pc in Brexit meltdown FRANKFURT: Shares in Germany's two biggest lenders, Deutsche Bank and Commerzbank, fell as much as 18 percent at the start of trade on Friday, the heaviest losers in the market meltdown triggered by Britain's vote to leave the European Union.Shares in Deutsche Bank fell by 18 percent to an intraday low of 12.76 euros and Commerzbank also fell 18.1 percent to a low of 5.84 euros.Earlier, Deutsche Bank chief John Cryan had said that the ...