ECB has room for gradual rate cuts, Kazaks says
The European Central Bank has room to cut interest rates possibly two more times this year as inflation remains broadly on the […]
Bank of Singapore sees Middle East accounting for a fifth of assets over 3 to 5 years
Bank of Singapore aims to grow its business in the Middle East with the region contributing up to 20% of its overall […]
Dollar strikes back, Japan in spotlight
Japanese inflation and monetary policy are under the spotlight in Asian trading on Friday, as a mood of nervous anticipation descends on world […]
Swiss Re reports 17% rise in net profit, in line with expectations
Reinsurance company Swiss Re (SRENH.S), opens new tab said on Thursday that net profit rose 17% in the first six months of the year, […]
Mars to buy Pringles maker Kellanova for $36 billion in 2024’s biggest deal
Family-owned candy giant Mars is buying Cheez-It maker Kellanova (K.N), opens new tab in a nearly $36 billion deal, bringing together brands from M&M’s and […]
Dollar doldrums deepen as Fed leans dovish before Jackson Hole
The dollar traded near the lowest in more than a year against the euro and sterling on Thursday as a dovish Federal Reserve and […]
StanChart makes three executive changes in Europe, Asia transaction banking business
Asia-focussed lender Standard Chartered (StanChart) (2888.HK), opens new tab, (STAN.L), opens new tab announced three senior executive changes in its transaction banking business on Tuesday. […]
German negotiated wage growth slows in likely relief for ECB
Growth in negotiated wages across Germany slowed in the second quarter, providing some relief to European Central Bank policymakers and possibly bolstering […]
HSBC mulls sale of South Africa business, Bloomberg News reports
HSBC Holdings (HSBA.L), opens new tab is currently exploring a sale of its South Africa businesses, Bloomberg News reported on Tuesday, as the once […]
Goldman hires investment banker Beitzel from Citi to drive FIG dealmaking
A Goldman spokesperson confirmed the contents of the memo. Beitzel, who has covered financial institutions for more than 20 years, worked as […]
Saudi Arabia plans $1tn investment in non-oil economy by 2030: analysts
Saudi investment plans According to the Goldman Sachs report, clean energy spending will reach $235bn, more than the previously forecast $148bn, as […]
South African lender Absa reports lower half-year profit
South Africa’s Absa Group (ABGJ.J), opens new tab posted a 5% decline in half-year profit on Monday as operating expenses rose faster than revenue […]