May 2 (Reuters) – National Australia Bank (NAB.AX), opens new tab posted a double-digit drop in first-half earnings on Thursday but talked up the strength of the economy and said a margin-crunching struggle for the vital home loan market showed signs of easing. The first of Australia’s big four banks to front up to investors this reporting […]
NEW YORK, April 30 (Reuters) – Citigroup (C.N), opens new tab CEO Jane Fraser told shareholders on Tuesday that U.S. consumers are becoming more cautious with their spending and making smaller purchases. U.S. borrowers earning lower incomes are increasingly struggling to keep up with loan payments, prompting banks to become more cautious about issuing credit cards and car loans. […]
Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady. The cryptocurrency at one point dropped 5% to $56,526.00, its lowest level since Feb. 27, according to CoinMetrics. It was last lower by about 4% at $56,954.13. Investors have been focused on the latest […]
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 […]