The rand headed for the biggest weekly drop since May whereas benchmark government debt slumped by probably the most this 12 months on concern Finance Minster Pravin Gordhan’s job is on the line. Reserve Bank of India Deputy Governor S S Mundra on Tuesday said the pace of formation of latest non-performing belongings (NPAs) or bad loans has decelerated though some banks have posted losses for the primary quarter of the present financial 12 months due to larger provisioning.
Earlier this yr, a gaggle of cyber criminals focused two Canadian monetary establishments with a hybrid sort of malware, GozNym.
SEOUL—The suspected suicide of the second-in-command of Lotte Group, considered one of South Korea’s largest conglomerates, added tragedy to a management disaster that has engulfed the corporate for a year-and-a-half.
The 14 information magazines studied right here varied dramatically in their print and digital viewers figures, though digital figures are harder than ever to gauge with the better use of platforms resembling Texture, which offer consumers with bundled access to multiple magazines.
Troubled smartphone maker BlackBerry mentioned it will elevate about $605 million by selling convertible debentures to shareholder Fairfax Financial Holdings and other buyers.