Bank of Canada seeks payment systems upgrades, closely watching fintech
The Bank of Canada wants upgrades made to the core payments systems used in the country's financial system in order…
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financial
IKEA CEO says on track for 50 billion euro sales goal
Furniture retailer IKEA Group expects to grow sales about 8-10 percent in its current financial year, leaving it on…
Best not to use U.S. rates for financial stability: Fed’s Mester
The Federal Reserve should only resort to using interest rates if other more precise tools fail to head off…
Egyptian asset manager Beltone Financial to buy NYC brokerage firm
Beltone Financial, Egypt's largest asset manager, signed an agreement to acquire 51 percent of New York-based…
Fed’s Bullard: rates too low for too long could be risky
U.S. interest rates being kept too low for too long could cause financial instability in future and stronger market…
Amer Group profits grow 36% in Q1/2016
Egypt leading real estate developer Amer Group Holding’s consolidated profits for the first quarter of 2016 rose…
Porto Group net profit ebbs to $3m in Q1/2016
Egypt’s leading real estate firm Porto Group posted 2016 first quarter net profit of 28 million Egyptian pounds…
Google turns down payday lender ads
Google, a unit of Alphabet Inc, said it would ban advertisements for payday loans as these "deceptive or harmful…
Egypt’s mortgage sector leapt by 30 pct in 2016
Egypt’s first-quarter mortgage activity surged by 30 percent, the head of Egyptian Financial Supervisory Authority,…
Banks, markets coping well with ECB policy: ECB’s Coeure
Banks and financial markets are coping well with the European Central Bank's ultra-low interest rates and money…
