Finance

FRANKFURT, April 9 (Reuters) – Euro zone banks lowered the bar on mortgage approvals last quarter for the first time in over two years but demand for credit kept falling amid high borrowing costs and a stagnant economy, a European […]

April 5 (Reuters) – Morgan Stanley (MS.N), opens new tab nominated former UK financial regulator Megan Butler to its board of directors, the bank said in a filing on Friday. Butler, 59, previously served as executive director at the UK Prudential Regulation […]

LONDON, April 8 (Reuters) – HSBC’s (HSBA.L), opens new tab European chief is betting on rising regional wealth and overseas expansion by Asian corporate clients to boost his unit’s contribution to group profit after a multi-year reboot turned the business from laggard […]

According to the Central Bank of the UAE (CBUAE), the total assets of the gross banks, including bankers’ acceptances, grew by 0.8 percent from AED4,075.2 billion in December 2023 to AED4,109.1 billion ($1.11 trillion) in January 2024. In its report […]

The Central Bank of Egypt (CBE) has announced that net foreign exchange reserves (forex) reached $40.36 billion by the end of March, reflecting a growth of approximately 14.4 percent compared to the previous month’s figure of $35.31 billion. Read more: […]

NEW YORK, April 4 (Reuters) – A New York judge will hold a hearing on April 22 over the $175 million bond Donald Trump posted as he appeals a $454 million fraud judgment against him, the state attorney general’s office said on Thursday, after […]

Malaysian state-run energy company Petronas announced a partnership with Japanese power giant JERA on Tuesday, embarking on a joint study to assess the feasibility of a carbon capture and storage (CCS) value chain. This collaboration underscores Asia’s growing commitment to […]

Disney shareholders are at a pivotal juncture as they prepare to cast their votes on Wednesday to decide the outcome of a heated proxy battle involving billionaire investor Nelson Peltz. The decision will determine whether the current board will continue to […]

In a bold move to combat declining letter volumes and financial losses, Royal Mail has put forward proposals to Ofcom, aiming to overhaul its delivery services. The plan includes reducing second class letter deliveries to three days a week, while ensuring first […]

Responding to economic pressures and aiming to support its workforce, the central government has announced a significant increase in the Dearness Allowance (DA) for its employees and pensioners. With a 4% rise, the allowance now stands at 50%, marking a […]