The International Monetary Fund (IMF) is projecting steady growth for the global economy over the next two years, with growth projections unchanged in the latest update to its World Economic Outlook. The forecast for this year stays at 3.2%, while it’s slightly higher […]
Former PIMCO CEO Mohamed A. El-Erian will step down from the board of Barclays (BARC.L), opens new tab, the British bank said on Friday, following his appointment as chair of sportswear brand Under Armour Inc (UAA.N), opens new tab . A frequent media […]
KBR agreed to buy engineering, data-analytics and digital-integration company LinQuest from private-equity firm Madison Dearborn Partners in a $737 million cash deal. KBR on Tuesday said the acquisition, which it will fund with cash on hand and its existing debt capacity, […]
Standard Chartered (STAN.L), opens new tab has hired more than a dozen new bankers to its private banking teams in Singapore, Hong Kong and the United Arab Emirates in a bid to grow the affluent business, a bank statement said on Thursday. […]
Insurance broker TWFG (TWFG.O), opens new tab, backed by U.S. reinsurer RenaissanceRe (RNR.N), opens new tab, said on Wednesday it priced its initial public offering (IPO) above its indicated range, seeking to raise up to $187 million. TWFG priced its 11 million […]
Blackstone (BX.N), opens new tab said on Thursday its second-quarter distributable earnings rose 3% from a year earlier, as a jump in asset sales in its private equity and credit divisions more than offset a slump in its real estate arm. The […]
Indonesia’s central bank held its benchmark interest rate steady on Wednesday, as expected, saying the current level remained consistent to manage inflation through to 2025 and stabilise the rupiah, while eyeing room for easing in the fourth quarter. The seven-day […]
The bank said profit surged 41% from the year-earlier period to $3.08 billion, or $1.82 per share, helped by a rebound in Wall Street activity. Revenue rose 12% to $15.02 billion. Shares of the bank had declined earlier in the […]
South Africa’s key benchmark interest rate, the Johannesburg Interbank Average Rate (JIBAR), will expire in 2025 and be replaced by a new index, promising a significant improvement in the calculation of interest rates in the country. The South African Reserve […]
Mary Vilakazi is the new Group Chief Executive Officer of FirstRand – South Africa’s largest bank by market cap. Last year, FirstRand announced that then-CEO Alan Pullinger would step down as group CEO and be succeeded by Vilakazi, who was […]
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