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Search Result for “banking”

Showing 1 - 10 of 11,201

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GENERAL

Local traders optimistic on price outlook for gold

Business, Nareerat Wiriyapong, Published on 24/07/2024

» Local gold traders remain bullish about bullion's price trend, saying prices could top US$2,500 an ounce by end-2024 with a significant price increase expected after the US Federal Reserve (Fed) cuts US interest rates in September.

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GENERAL

CrowdStrike shares tumble 13% on IT outage impact

Reuters, Published on 22/07/2024

» Shares of CrowdStrike plunged 13% on Monday, extending their loss-making streak, after Wall Street analysts downgraded the stock on concerns over the financial fallout from a global cyber outage last week.

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INVESTMENT

Scandal stalks stocks

Published on 22/07/2024

» The Stock Exchange of Thailand (SET) was recently hit by an accounting and embezzlement scandal at Stark Corporation, which is estimated to have cost at least 14.7 billion baht in damages to shareholders and stock investors.

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TECH

From ATMs to flights, epic IT crash leaves trail of chaos

Bloomberg News, Published on 20/07/2024

» LONDON - In what will go down as the most spectacular information technology (IT) failure the world has ever seen, a botched software update from cybersecurity firm CrowdStrike Holdings Inc crashed countless Microsoft Windows computer systems around the world on Friday.

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INVESTMENT

Uptick rule helping to make SET more robust

Business, Published on 20/07/2024

» The Thai stock market has become more robust over the past three weeks following the introduction of an uptick rule that has helped tighten control over short-selling and reduced volatility.

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TECH

Fix delivered for tech outage that caused chaos worldwide

Published on 19/07/2024

» The cybersecurity firm CrowdStrike has deployed a fix for a software problem that triggered one of the biggest tech outages the world has ever seen, affecting industries ranging from airlines to banking and healthcare worldwide, the company’s CEO said on Friday.

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GENERAL

PM promotes Thailand as financial hub

Wichit Chantanusornsiri, Published on 19/07/2024

» Prime Minister Srettha Thavisin delivered a keynote address at the Finance Ministry's "Ignite Finance" Initiative on Friday, part of his "Ignite Thailand" vision to position the country as a global financial hub.

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GENERAL

Succession a top priority among Thai family businesses

Business, Somruedi Banchongduang, Published on 19/07/2024

» The second generation of Thai family businesses has a higher succession rate than the global average, but digital expertise remains a critical requirement for them, according to Kasikornbank (KBank).

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GENERAL

Banks' Q2 earnings estimated at B61bn

Business, Nuntawun Polkuamdee, Published on 19/07/2024

» Analysts expect banks to report combined earnings of 61 billion baht in the second quarter, down 2% from three months earlier and flat from the corresponding period last year, due to lower interest rate income, slowing lending and interest rate cuts to help retail customers.

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GENERAL

Succession a top priority for Thai family businesses

Published on 18/07/2024

» The second generation of Thai family businesses has a higher succession rate than the global average, but digital expertise remains a critical requirement for them, according to Kasikornbank (KBank).