Carey Halio, Goldman Sachs’ head of strategy and investor relations, is getting promoted to global treasurer at the bank, according to people familiar with the matter. Her new role, effective June 1, encompasses authority over the firm’s more than $1.6 trillion balance sheet, with responsibilities including overseeing the firm’s liquidity, funding and capital. She will report to […]
Bahrain’s alternative asset manager, Investcorp, is to acquire the digital technology business of India’s National Stock Exchange (NSE) for $120 million. NSEIT provides advanced digital transformation and cybersecurity services to global customers in capital markets, insurance and banking in India, North America and the Middle East. The services include digital engineering, data and analytics, artificial intelligence, cloud services […]
QatarEnergy has awarded a $6 billion contract to China State Shipbuilding Corporation (CSSC) to build 18 of the largest LNG vessels ever made as part of the state-owned company’s fleet expansion programme. Each “ultra-modern” QC-Max vessels will have a capacity of 271,000 cubic metres and will be constructed at China’s Hudong-Zhonghua Shipyard, a wholly-owned subsidiary […]
April 29 (Reuters) – Venezuela’s use of digital currencies, expected to increase after the United States ordered a wind-down of oil deals with the sanctioned country by May 31, will require greater scrutiny by regulators and law enforcement, experts said on Monday. Venezuela’s state oil company PDVSA plans to increase cryptocurrency transactions for its crude and fuel […]
MADRID, April 30 (Reuters) – Spain’s biggest international bank Santander (SAN.MC), opens new tab signalled higher profitability this year after reporting an 11% rise in first-quarter profit on Tuesday as growth in lending income in its home market in particular offset higher provisions. The bank’s revenue rose 10% to a record high 15.38 billion euros ($16.46 billion), […]
April 29 (Reuters) – Poland’s general government debt is forecast to rise to 60.6% of gross domestic product (GDP) in 2026 and to 63.2% in 2027, according to the finance ministry in a report published on Monday, exceeding a constitutional limit of 60%. Prime Minister Donald Tusk’s government said in a white paper on the […]
FRANKFURT, April 29 (Reuters) – Deutsche Bank (DBKGn.DE), opens new tab shares were down 6% by midday on Monday after news that a long-running lawsuit claiming it underpaid for its purchase of its giant Postbank division could cost up to 1.3 billion euros ($1.39 billion). The issue is a blow to Germany’s largest lender, which last week posted better-than-expected earnings that […]
Lebanese central bank Banque du Liban announced a new agreement on Thursday that it hopes will result in a rebound in the use of bank cards. As part of the agreement, Mastercard and Visa will lower card fees on transactions, particularly for people with bank accounts based outside Lebanon. In a press release, the bank […]
Emirates NBD, Dubai’s largest bank by assets, said net profit rose 12 percent in the first quarter of 2024, thanks to income growth from its international network. Net profit for the first three months ended March 31 reached AED6.7 billion ($1.8 billion), up from AED6 billion a year ago. Total assets jumped to AED902 billion […]
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 […]