Goldman Sachs’ (GS.N), opens new tab profit more than doubled in the second quarter and beat analysts’ estimates on strong debt underwriting and fixed-income trading, but slipped from a bumper first quarter when earnings were the highest since 2021. The resilience of the U.S.…
Read more
India’s goods and services exports likely rose 5.4% year-on-year to $65.47 billion in June, driven by a pick-up in orders that could push total exports to $800 billion in the current fiscal year ending in March 2025, the trade secretary…
Read more
The President of Dangote Group announced this during a media briefing at the Dangote Refinery. The decision to list the two subsidiaries comes as the conglomerate aims to expand its investor base and unlock additional value for shareholders. What Dangote…
Read more
Four Australian banks will give back a total of A$28 million ($18.95 million) to low-income customers, after a review by the corporate regulator found these customers had been kept in high-fee bank accounts despite being eligible for cheaper products. A…
Read moreFrance has no more financial leeway in its budget and needs to urgently focus on reducing its debt, the head of the country’s national audit office said on Monday. Pierre Moscovici told France Inter radio that whoever emerges in France’s…
Read more
The German bank regulator BaFin said on Friday that it had threatened to fine Berlin-based Solaris if it doesn’t meet deadlines to improve anti-money laundering controls and other shortfalls. BaFin also said that it was extending the mandate of a…
Read more
Yoma Strategic, through its subsidiary Myanmar Motors, has entered into a strategic agreement to purchase the remaining shares it doesn’t already own in Yoma Fleet. According to a report by The Edge Singapore published on Thursday (27 June), Myanmar Motors finalised…
Read more
China’s central bank is widely expected to leave a medium-term interest rate unchanged and drain some cash from the banking system when rolling over such maturing loans on Monday, a Reuters survey showed. While the economy continues to sputter, a…
Read more
BNY (BK.N), opens new tab beat Wall Street’s expectations for second-quarter profit on Friday, as strong investment service fees more than offset lower interest income, sending the world’s largest custodian bank’s shares up more than 3% in premarket trading. The bank’s assets…
Read more
China and the Middle East have the potential to revitalise their historical link through financial collaborations, but more mutual understanding is needed, according to Wei Zhen, a managing director at MSCI. The index provider, which first included Saudi Arabian stocks…
Read more
