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The Financial Express

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Indian bank loses nearly $2m in fraud on SWIFT system

India’s City Union Bank Ltd said on Saturday it had suffered three “fraudulent remittances” of nearly $2 million that had been pushed through the SWIFT financial platform. City Union said the transfers had been made through correspondent banks even though...

IMF shows no objection to European Monetary Fund plan

International Monetary Fund chief Christine Lagarde has no objection to...

India detains three over its biggest-ever bank scam

The Central Bureau of Investigation (CBI) detained two employees of...

China housing rental market sees steady growth

China's housing rental market was estimated at 1.3 trillion yuan...

Japan eyes hiking optional pension age beyond 70

Japan has okayed plans to let people choose to start...

Russia likely to face growth setbacks

A deal on oil output cuts between OPEC and non-OPEC...

Hackers steal $6m from Russian banks

Hackers stole $ 6.0 million (339.5 million rubles) in an...

Japan reappoints Kuroda as BOJ chief

Japan has reappointed central bank chief Haruhiko Kuroda for another...

Colombian GDP grows 1.8pc in 2017

Colombia’s gross domestic product rose 1.8 per cent in 2017,...

How India's biggest bank fraud happened

India's Punjab National Bank, the second-biggest state-run lender, stunned the...

Europe’s 2017 sees best economic growth in a decade

The European economy, in the strongest expansion in a decade,...

RBI to provide more cash into banks

The Reserve Bank of India (RBI) has decided to provide...

BI holds rates amid currency volatility

Bank Indonesia (BI) has kept its policy rate unchanged on...

BSP cuts bank reserve ratio

The Bangko Sentral ng Pilipinas (BSP), the central bank of...

Iraq may get $30b for reconstruction

Total contributions by countries participating in Kuwait International Conference on...

For India’s banks, more bad loan woes likely on the way

Just when many Indian banks thought the worst of their...

Consumer price rise signals firming inflation

The Consumer Price Index grew by 0.5 per cent against...

PNB detects $1.8b fraud in Mumbai branch

Indian state-run Punjab National Bank (PNB) has detected some “fraudulent...

Philippines, China to jointly explore energy in S China Sea

The Philippines and China have agreed to set up a...

Japan GDP slows to 0.5pc in Q4

Japan's economic growth slowed in the last three months of...

Singapore cautious on outlook after 2017 growth

Singapore is expecting a moderation in economic growth this year,...

Global trade’s upward trajectory likely to continue in Q1: WTO

The World Trade Organisation (WTO) expresses optimism about the continued...

Japan economy seen growing for eighth quarter in a row

Japan’s economy was expected to grow for an eighth straight...

UAE banks hopeful of recovering $22b Saudi debt

Banks in the United Arab Emirates are hopeful of recovering...

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