LONDON, April 9 (Reuters) – HSBC (HSBA.L), opens new tab, is selling its business in Argentina and booking a $1 billion loss on the deal, the bank said on Tuesday, as it continues to shrink its once globe-spanning empire to focus…
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April 5 (Reuters) – UBS Chief Executive Officer Sergio Ermotti on Friday said it was important that Europe allow stronger banks to be created to make them more competitive on a global level. “We can’t just rely on a crisis…
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BEIJING, April 8 (Reuters) – The U.S. and China are deepening co-operation on financial stability issues, Treasury Secretary Janet Yellen said on Monday, with more simulations of financial shocks due after a recent exercise on tackling the failure of a…
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The UAE banking sector witnessed a substantial increase in transfer activities during January 2024, with the value of transfers executed through the UAE Funds Transfer System (UAEFTS) soaring to approximately AED1.512 trillion ($411.7 billion). Data from the Central Bank of the…
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Divorce rates in the U.S. reflect a significant societal trend, with notable public splits adding to almost 700,000 divorces in 2021. However, beyond the headlines lies the stark financial reality of divorce, which can cost anywhere between $1,500 to over…
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Recent comments by Moelis & Co. Vice Chairman Eric Cantor have sparked a contentious debate over the direction of US antitrust regulation, suggesting that the aggressive posture of regulators could be counterproductive, dampening competition and deterring investment. At the heart of Cantor’s…
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Amidst market confusion, the Reserve Bank of India (RBI) has upheld its existing policy on exchange-traded rupee derivatives, clarifying that there has been no amendment to the requirement for proof of clients’ underlying forex exposure. This announcement comes after brokerages…
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This development has stirred the markets, highlighting investor anticipation and the precious metals’ appeal as safe havens amid economic uncertainties. With gold breaking past $2,266 per ounce and silver also on the rise, the financial landscape braces for potential shifts…
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Lotus Resources Limited has embarked on a strategic financial endeavor to secure necessary funding for the revival of Kayelekera Uranium Mine, aiming for a production reboot in late 2025. With an estimated total requirement of approximately K239 billion to breathe new…
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Barclays and Asset Global Limited (AGL) are making a significant move into the private credit market, an industry currently valued at $1.7 trillion, with strategic investment from the Abu Dhabi Investment Authority (ADIA). This partnership marks a pivotal moment, aiming to…
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