DBS becomes Singapore’s first lender to join blockchain firm R3’s Corda to provide end-to-end letter of credit (LC) settlement to clients. Via the Corda network, the bank expects shortened settlement time, reduced paperwork and simplified ...

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Having been a household name for the past two decades, Nikora has become quite a player on the Georgian market. Looking for expansion, JSC Nikora, a holding company of the Nikora Group, has decided ...

Tbilisi, 25 September 2019 - Today, the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, signed a Commitment Letter to provide USD 15 mln in ...

The FINANCIAL -- ING reported 1Q2020 result 35.7% lower than in 1Q2019 Net core lending increased by €12.3 billion in 1Q2020. Result reflects higher risk costs and negative valuation adjustments ...

The FINANCIAL -- The federal bank regulatory agencies today released a statement encouraging banks to use the Federal Reserve's "discount window" so that they can continue supporting households and ...

Number of tourists went up by 4.0% YoY in February, following a strongperformance in previous month (+18.9% YoY) according to TBC Research. Number of international visitors went down slightly by 0.6% ...

The FINANCIAL -- Credit card and electronic payments giant Mastercard – announced that Ajay Banga, President and Chief Executive Officer, will transition to the role of Executive Chairman and ...

The FINANCIAL -- HSBC announced it will cut 35,000 jobs over three years as part of a major shake-up after revealing that annual profits plunged 33%. The strategy overhaul comes as economic growth ...

Following the news that foreign direct investment (FDI) inflows to Saudi Arabia grew 10.2% year-on-year (y-o-y) to reach $3.5bn in the first nine months of 2019 compared with January-September 2018, ...