Global private credit firms, including industry leader Ares Management, are increasingly focused on Italy as more small businesses which are the backbone of its economy open up to outside investors, providing buyout deal opportunities. With 140 direct lending deals completed…
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This decision comes as Ethiopia strives to advance its long-standing debt restructuring. The second most populous country in Africa received a $3.4 billion program from the International Monetary Fund on Monday, following the decision to float its birr currency by the central bank, allowing…
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Once abundantly dispersed across China to serve the banking needs of more than a billion people, physical bank branches and ATMs have seen their numbers dwindling as the public embraces e-payment platforms and financial institutions cut costs. And as most…
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Australia’s Woodside Energy (WDS.AX), opens new tab said on Monday it had agreed to buy U.S. liquefied natural gas developer Tellurian (TELL.A), opens new tab, including its U.S. Gulf Coast Driftwood LNG export project, for $1.2 billion including debt. The agreement could strengthen…
Read moreChina Bohai Bank (9668.HK), opens new tab said on Monday it is looking to sell 29 billion yuan ($3.99 billion) worth of non performing loans as the faltering Chinese economy and deepening property sector problems pressure lenders to dispose of bad assets.…
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Hong Kong’s bourse operator has expanded its collaboration with two exchanges in the United Arab Emirates (UAE) to pave the way for its companies to list here, as a government advisory body said it plans to examine Islamic finance to align…
Read moreAsia’s foreign reserves have dropped this year as central banks have intervened to support their currencies, with Japan, Indonesia and South Korea leading the declines. Foreign reserves across 12 countries, from Japan to India, fell about $50 billion to $7.5…
Read moreSeveral U.S. mid-sized and regional banks reported a fall in their second-quarter profit, as income from charging customers interest was squeezed by higher deposit costs and tepid demand for loans. Most U.S. banks are expecting a decline in net interest…
Read moreTHE cut-off yield on the latest Singapore six-month Treasury bill (T-bill) fell to 3.64 per cent, based on auction results released by the Monetary Authority of Singapore on Thursday (Jul 18). This was a 0.1 percentage point drop from the…
Read moreGoogle parent Alphabet GOOGL -1.58%decrease; red down pointing triangle is in advanced talks to acquire cybersecurity startup Wiz for roughly $23 billion, according to people familiar with the matter, in what would be its largest acquisition ever. A deal could come together soon, assuming…
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