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Updated: 2 hours 23 min ago
Libor likely to be replaced by a dual-track system: FT
A dual-track system, including survey-based lending rates along with transaction-linked indices, is likely to replace scandal-hit London interbank lending rate Libor as soon as next year, the Financial ...
Deutsche Telekom says U.S. listing helps it "attack" rivals: paper
Deutsche Telekom has given its U.S. operations more autonomy, positioning its business to compete better with bigger and smaller rivals, Chief Executive Rene Obermann told Germany's Welt am Sonntag newspaper. ...
Qatar postpones planned float of $12 billion investment firm
A planned floatation of Doha Global Investment Co, a $12 billion Qatari investment firm backed by assets from the Gulf state's sovereign wealth fund, has been postponed pending necessary approvals, a senior ...
Bank Muscat says mulling options to recover card fraud money
Bank Muscat , the main victim of a $45 million global cyber heist, is examining all options to recover the money it lost in an unprecedented fraud brought to light by U.S. authorities. In a globally coordinated ...
Fed queries Bloomberg over reporters' access to client data
Bloomberg LP customers, including the U.S. Federal Reserve and the U.S. Treasury, were examining on Saturday whether there could have been leaks of confidential information, even as the media company restricted ...
Indian companies at center of global cyber heist
Two companies with major operations in India were the weak links that opened the door to a $45 million global cyber heist brought to light by U.S. authorities this week. EnStage Inc, which operates from ...
Thermo Fisher sued over sale of Mexico plant used by drug cartel
Opengate Capital Group LLC filed a lawsuit on Friday alleging that laboratory equipment maker Thermo Fisher Scientific Inc sold it a Mexican plant last year without revealing that a drug cartel was operating ...
