Even with unemployment spiking as the coronavirus pandemic swept South Korea in February, Baek Seung-min asked his wife to quit her nursing job to help reach a dream they had spent a lifetime chasing: buying their own apartment.

The 35-year-old interior designer said giving up his wife's 58 million won ($48,000) salary would improve their chances of securing a property"...

QNB Financial Services (QNBFS) has announced that it maintains its market perform rating on Industries Qatar (IQ) with price target of QR10 as the company’s balance sheet continues to remain solid with QR11.3bn in cash, bank balances and zero debt.
The company generated operating cash flow of QR1.7 billion and the free cash flow of QR1.5 billion in the first half of 2020 that highlights its operational efficiency and ability to generate significant positive cash flows despite challenging conditions, QNBFS said"...

The Central Bank of Syria (CBS) called on the owners of economic projects and citizens to employ in their transactions the regular banking channels which are represented by the licensed financial intuitions, in order to avoid high risks, legal accountability, and heavy financial losses.

The CBS affirmed in a statement that it continues to implement its recent procedures to regulate the foreign currency market, advising the owners of economic projects"...

LONDON: British bank Barclays said yesterday that first-half net profits tumbled by two thirds, as it set aside £3.7 billion ($4.7 billion, 4.0 billion euros) to deal with coronavirus fallout, and warned over a possible second wave. Profit after taxation dived to £695 million in the six months to the end of June, compared with £2.07 billion in the same portion of 2019, Barclays said in a results statement.

And net profit tanked"...

The euro rose to its highest since October 2018 against the dollar as the European Union’s agreement on stimulus spurred renewed demand for the region’s assets.

The currency advanced as much as 0.5 per cent and was trading at $1.1583 against the US dollar at 6.19pm UAE time on Wednesday as traders absorbed the impact of the accord, which allocates €750 billion (Dh3.19bn) to pull European economies out of the worst recession in memory,"...

Doha: HSBC has been named the Best Investment Bank in the Middle East at the 2020 Euromoney Middle East Awards for Excellence. HSBC collected a total of six Middle East awards, once again featuring prominently in Euromoney’s list of honours which are considered the most prestigious in the financial services industry.

In addition to the marquee award of Best Investment Bank, HSBC was also named the Middle East’s Best Bank for Transaction"...

Bank of America reported its second-quarter 2020 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200716005504/en/

• Bank of America newsroom at https://newsroom.bankofamerica.com
"...

American Express, Discover, Mastercard and Visa today announced they are each beginning technical preparations for global expansion of the Click to Pay online checkout – based on the EMV Secure Remote Commerce industry standard – in additional geographies.

The new countries include Australia, Brazil, Canada, Hong Kong, Ireland, Kuwait, Malaysia, Mexico, New"...

E-commerce has reached new heights around the world, as more consumers are going online to make secure, touch-free purchases across various merchants and platforms. Now, it’s more important than ever that the online checkout experience is seamless and consistent across all types of digital channels and cards. Today, American Express, Discover, Mastercard and Visa announced they are each beginning technical preparations for global expansion of the Click to Pay online checkout – based on the EMV® Secure Remote"...

MUMBAI: India’s Yes Bank will not be merged with State Bank of India, which is set to infuse funds in the beleaguered lender, the newly appointed administrator leading the rescue plan said in a television interview on Monday.
“There is absolutely no question of a merger,” Prashant Kumar, the administrator, told the CNBC TV18 channel.
The Reserve Bank of India (RBI) on Thursday took control of Yes Bank, after the lender – which is laden with bad debts – failed to raise the capital"...