Dubai-based Hamad Bin Khalifa Department of Projects (HBK DOP) has signed a €12 billion ($12.9 billion) oil-for-cash deal with South Sudan, according to a media report. The loan agreement was finalised between HBK DOP and South Sudan’s former finance minister Bak Barnaba Chol between December and February, Bloomberg reported, citing an unpublished report by a United Nations […]
The highly anticipated trading debut of private equity group CVC Capital Partners shows that Europe’s initial public offering market is back on track, Euronext CEO Stéphane Boujnah told CNBC on Friday. Shares of Amsterdam-listed CVC, one of Europe’s largest buyout companies, traded nearly 24% higher at around 12:30 p.m. London time. The stock had opened at more […]
MOSCOW, April 26 (Reuters) – Russia’s central bank on Friday said it would raise risk premiums on unsecured consumer loans from July 1 in an effort to reduce citizens’ debt burdens and increase stability in the banking sector should consumer loan losses increase. “Unsecured consumer lending has sped up,” the central bank said in a […]
CVC Capital Partners Plc shares soared after the company and its investors raised €2 billion ($2.15 billion) in an initial public offering, bringing the long-delayed listing process for one of Europe’s marquee private equity firms to a resolution. At the open in Amsterdam, the stock jumped 24% from the IPO price of €14, the best performance […]
PARIS, April 25 (Reuters) – The European Union should set a target to raise 600 billion euros ($644 billion) in investments annually by the end of the decade by integrating its fragmented capital markets, French Finance Minister Bruno Le Maire said on Thursday. Although Europeans generally save more than Americans, EU capital markets currently lack […]
MOSCOW, April 26 (Reuters) – Russia’s dominant lender Sberbank (SBER.MM), opens new tab on Friday reported an 11.3% increase in first-quarter net profit to 397.4 billion roubles ($4.32 billion) and sharply raised its retail loan growth forecast for the year. Sberbank made record profits of 1.5 trillion roubles in 2023, a more than five-fold increase on the […]
Deutsche Bank shares popped to a more than six-year high on Thursday afternoon, after the German lender reported a 10% rise in first-quarter profit, beating expectations amid an ongoing recovery in its investment banking unit. After declining in the morning, shares were up 7.2% at 1:27 pm in London, hitting the highest intraday level since December […]
The bank said first-quarter profit rose 6% to $13.42 billion, or $4.44 per share, from a year earlier, boosted by its takeover of First Republic during the regional banking crisis last year. Per-share earnings would’ve been 19 cents higher excluding a $725 million boost to an FDIC fee covering costs from last year’s bank failures. […]
The New York Attorney General’s office on Friday asked a judge to effectively void a $175 million bond posted by former President Donald Trump to secure a much larger monetary damage award in his civil business fraud case as he appeals the judgment. The AG’s office in a filing said Trump and other defendants in the case had failed to show […]
ZURICH, April 25 (Reuters) – The Swiss National Bank (SNBN.S), opens new tab posted on Thursday a record quarterly profit of 58.8 billion Swiss francs ($64.34 billion) for the first quarter, driven by the weakening franc and booming equity markets. The result for the central bank compared with a profit of 26.9 billion francs a year earlier […]