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QIB wins 6 honours at Global Finance awards

QIB wins 6 honours at Global Finance awards

Qatar Islamic Bank (QIB) has won six awards, including ‘Best Islamic Financial Institution in Qatar and the Middle East’, at the annual Global Finance Magazine Awards, confirming its leading position in Qatar’s and the region’s financial markets.

Billionaires may get  ‘highly unusual’ shot at Paul Allen’s teams

Billionaires may get ‘highly unusual’ shot at Paul Allen’s teams

Paul Allen’s death may result in two major professional sports franchises being offered for sale at the same time, resulting in a “highly unusual” situation that may draw interest from a bevy of billionaires, according to sports bankers and lawyers.

Audi to pay mega fine in VW’s dieselgate fallout

Audi to pay mega fine in VW’s dieselgate fallout

Auto giant Volkswagen cleared a new hurdle in its “dieselgate” scandal yesterday, paying a hefty fine to close a German investigation into subsidiary Audi, but the group is not yet in the clear over its years of emissions cheating.

Chinese local govts’ hidden debt could total $5.8tn: S&P

Chinese local govts’ hidden debt could total $5.8tn: S&P

Off-balance-sheet borrowings by Chinese local governments could be as high as 40tn yuan ($5.78tn) and amount to “a debt iceberg with titanic credit risks”, S&P Global Ratings said in a report yesterday.

Japan: US has not raised FX manipulation in trade talks

Japan: US has not raised FX manipulation in trade talks

The US government had not spoken to Japan about including provisions in free trade agreements to deter currency manipulation, Japanese Finance Minister Taro Aso said yesterday, although the two sides are likely to enter talks sometime next year.

Strong US corporate results expected for third quarter

Strong US corporate results expected for third quarter

Q3 earnings season shifts a gear higher this week with a slew of releases from major corporations. US numbers are expected to be strong but this is a party that won’t last forever given the wide array of headwinds waiting on the horizon

Activist Icahn blasts Dell plan to return to public markets

Activist Icahn blasts Dell plan to return to public markets

Activist investor Carl Icahn has come out against Dell Technologies Inc’s plan to return to public markets, arguing that the proposed transaction undervalues shares that track its stake in VMware.

Asia markets struggle in cautious trade

Asia markets struggle in cautious trade

Asian and European shares struggled for clear direction yesterday following another volatile session on Wall Street, as cautious traders faced a slew of potential headwinds buffeting the global economy.

South Korea’s currency traders look to central bank for hawkish signal

South Korea’s currency traders look to central bank for hawkish signal

The Bank of Korea’s policy meeting tomorrow couldn’t come at a better time. As the won slid to a one-year low last week, traders will wait to see if the central bank delivers another hawkish signal to temper the slide.

SoftBank’s Son, Saudi Arabia’s prince and a $22bn test

SoftBank’s Son, Saudi Arabia’s prince and a $22bn test

Masayoshi Son has already paid a price for his close ties to Saudi Arabia. It could soon go much higher.

HSBC and Credit Suisse CEOs follow Dimon and ditch Saudi conference

HSBC and Credit Suisse CEOs follow Dimon and ditch Saudi conference

The chief executive officers of HSBC Holdings Plc and Credit Suisse Group AG became the latest top bankers to abandon an investment conference in Saudi Arabia as pressure grows on the kingdom amid allegations it killed a dissident journalist.

Indonesia charting strategy for idle charity fund

Indonesia charting strategy for idle charity fund

Indonesia may have found a solution to mobilise the hundreds of billions of dollars of investment it needs to emerge as the world’s fifth-largest economy by 2045 – the idle Islamic endowment assets.

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