Deutsche Bank gets permission to use Postbank deposits more widely
The European Central Bank will allow Deutsche Bank to use deposits from its Postbank division elsewhere in the group, a spokesman for the German bank said on Wednesday, a move that may reduce the cost of financing its various operations.
KUALA LUMPUR (May 25): Kumpulan Perangsang Selangor Bhd (KPS) says the business expansion of its subsidiary Century Bond Bhd is expected to contribute to higher earnings for the group in the financial year 2018 (FY18).
Its acquisition of electronic manufacturing services player CPI (Penang) Sdn Bhd, which was completed at the end of first quarter of FY18 (1QFY18), will also be immediately value-accretive to the group's consolidated FY18 revenue, the group said in a statement today.
Apple knew before launching the iPhone 6 series that its 4.7-inch and 5.5-inch devices were considerably more likely to bend than the iPhone 5s, but continued to downplay the issue — despite charging users steep prices for repairs and quietly addressing the problems with engineering changes. The revelations came today via Motherboard, citing documents from a proposed […]