Finance

UK bankers warned of ‘severe losses’ if they fail to monitor private equity exposures Bank of England executive says creeping sense of complacency and lack of data is putting lenders at risk Kalyeena Makortoff Banking correspondent Tue 23 Apr 2024 18.47 […]

The board of Anglo American, the London-listed mining company, has rejected a “highly unattractive” £31bn takeover approach from its Australian rival BHP. BHP’s all-share proposed offer for Anglo American had the potential to be one of the biggest deals in the global mining […]

May 2 (Reuters) – Intercontinental Exchange (ICE.N), opens new tab reported first-quarter revenue slightly below estimates on Thursday as an uneven recovery in U.S. initial public offerings cut into the upswing from record trading activity. Revenue from IPOs fell 4% to $122 […]

DUBAI, May 2 (Reuters) – Global asset manager Janus Henderson plans to buy National Bank of Kuwait’s alternative investments business in a deal that is expected to strengthen its position in emerging markets and its access to clients in the […]

TOKYO (AP) — Asian shares mostly rose Tuesday, as investors kept their eyes on potentially market-moving reports expected later this week. Japan’s benchmark Nikkei 225 jumped 1.3% to 38,442.28 in early trading, coming back from a national holiday. Sydney’s S&P/ASX […]

LONDON/HONG KONG, May 2 (Reuters) – Standard Chartered PLC (STAN.L), opens new tab beat forecasts on Thursday with a 5.5% rise in first-quarter pretax profit, as a surge in income from its trading and wealth businesses more than compensated for additional credit […]

BERLIN, May 2 (Reuters) – Raiffeisen Bank International’s (RBI) (RBIV.VI), opens new tab acquisition of a stake in construction firm Strabag (STRV.VI), opens new tab linked to a Russian tycoon remains under careful assessment for any compliance risk, the biggest Western bank in Russia […]

BEIRUT, May 2 (Reuters) – The European Union has offered Lebanon a financial package of 1 billion euros ($1.07 billion) to support its faltering economy and its security forces, European Commission President Ursula von der Leyen said on Thursday during […]

LONDON, April 30 (Reuters) – Firms offering payment services in the UK must work much harder to meet new ‘operational resilience’ standards by March 2025 for responding to disruptions such as cyber attacks, glitches during an IT changeover or extreme […]

Petrochemicals major Borouge said its net profit for the first quarter of 2024 rose 37 percent to $273 million amid stronger price premium on high-value products. The Abu Dhabi-listed company said revenue fell 6 percent year on year to $1.3 […]