Santander Drops Out Of Citibanamex Sale Process
Santander has dropped out of the process to buy Citigroup’s (C.N) Mexican retail bank; after having previously submitted a non-binding…
Year: 2022
Nigeria Petrol Subsidy Seen Nearly 70% Higher At $16.2 Bln Next Year
Nigeria could spend up to 6.72 trillion naira ($16.2 billion) next year if it keeps a fuel subsidy in place;…
German Manufacturing, Services Sectors Shrink In July -flash PMI.
German business activity unexpectedly shrank in July, a preliminary reading of a purchasing managers survey showe;, as companies were hit…
Euro Zone Business Activity Contracted In July As Price Rises Bite
Euro zone business activity unexpectedly contracted this month due to an accelerating downturn in manufacturing; and a near-stalling of service…
Pension operators invest N1.99tn via bank placement
Pension funds fixed in bank placements rose by N520.25bn from N1.64tn as of the end of April 2021 to N1.99tn…
Poland To Buy Jets, Tanks And Howitzers From South Korea, Says Minister.
Poland will buy 48 FA-50 fighter jets, a first instalment of 180 K2 Black Panther tanks and howitzers from South…
Alpha Bank To Sell Bad Loan Portfolio To Hoist Finance.
Alpha Bank (ACBr.AT), one of Greece’s four largest lenders, said it signed a binding agreement to sell; a 400 million…
Column: Dollar Cresting As Central Banks Ape Fed
Central banks around the world are singing from the U.S. Federal Reserve’s hymn sheet – and it could well be…
Danish Central Bank Raises key Interest Rate In Wake Of ECB Hike.
Denmark’s central bank raised its key interest rate by 0.5% points to minus 0.1%; following a rate hike earlier in…
Amazon Strikes $3.5 Bln Deal For One Medical In Long March Into U.S. Healthcare.
\Amazon.com Inc (AMZN.O) agreed to buy primary care provider One Medical (ONEM.O) for $3.49 billion. Expanding the e-commerce giant’s virtual…
UK Firms Report Growth At 17-Month Low, Inflation Pressures Ease -Flash
Britain’s businesses grew at their slowest pace in 17 months in July and inflation pressures eased; according to an industry…
Telecom Italia Shares, Bonds Drop After Moody’s Credit Rating Cut.
Telecom Italia (TLIT.MI) shares and bonds fell after ratings agency Moody’s downgraded the phone group’s credit rating. Moody’s cut TIM’s…
Euro Zone Firms See Continued Inflation, Wage Pressures – ECB Survey.
Businesses across the euro zone continued to report mounting inflation pressures and an acceleration in wage growth. Even as the…
TrustBanc Raises N5.85bn From Commercial Paper.
TrustBanc Holdings Limited, the parent company of three regulated financial services companies; said it has successfully closed its series 7…
EXCLUSIVE Citi, Raiffeisen, Other Foreign Banks Seek Staff In Russia As They Struggle To Exit.
Russian divisions of foreign banks, such as Citi and Raiffeisen Bank International (RBIV.VI); have started looking for staff this month…
Gogo Inc. To Report Second Quarter 2022 Financial Results On August 5, 2022
Gogo Inc. the world’s largest provider of broadband connectivity services for the business aviation market, today announced that it will…
AT&T Sees Higher Wireless Service Revenue As Subscribers Jump
AT&T Inc on Thursday raised its forecast for annual revenue growth at its wireless service business after reporting a jump…
Shopify Partners With YouTube To Shore Up Sales From Content Creators.
Shopify Inc announced a partnership with Alphabet Inc’s (GOOGL.O) YouTube to allow merchants to sell through the video platform, as…
Russia Central Bank Proposes Banning Small Investors From Buying Foreign Shares.
Russia’s central bank has proposed banning Russians with holdings worth less than $550,000 from buying foreign shares. As a step…
Southeast Asian Fast Food Operator QSR Again Delays Up To $500 Million IPO.
QSR Brands, the Malaysian operator of KFC and Pizza Hut restaurants in Southeast Asia; has again delayed its domestic IPO…
As Borrowing Costs Rise, Canadian Companies Look To Delay Expansion Plans.
Some Canadian businesses are reconsidering their expansion plans after the central bank’s surprise full percentage point interest rate hike, and…
Bitcoin Rises 5.11% to $23,564.93
Bitcoin rose 5.11% to $23,564.93 at 22:05 GMT, adding $1,145.77 to its previous close. Bitcoin, the world’s biggest and best-known…
Crypto.com, Trade Republic Register For Crypto Services In Italy.
Singapore-based Crypto.com and German investment platform Trade Republic on Tuesday said they had registered as cryptocurrency operators in Italy, following…
Netflix Soothes Wall Street Concerns With Customer Growth Forecast.
Netflix Inc (NFLX.O) averted its own worst-case scenario of subscriber losses, posting a nearly 1 million drop; from April through…
Buffett’s Berkshire Edges Closer To 20% Occidental Stake.
Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) purchased another 1.94 million shares of Occidental Petroleum Corp (OXY.N), giving it an $11.4…
Russia Resumes Gas Flows Via Nord Stream, Europe Still Wary.
Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage. The operator said, allaying…
Oil Prices Extend Losses As Demand Concerns Outweigh Tight Supply.
Oil prices fell for a second straight session, as demand concerns outweighed tight global supply after U.S. Government data showed…
EXCLUSIVE Shell Places U.S. Gulf Of Mexico Assets Up For Sale -Sources.
Shell (SHEL.L) is exploring a sale of its stakes in two U.S. Gulf of Mexico oil and gas developments; which…
Morning Bid: ECB’s Time To Hike, Italy’s Time For More Instability.
A look at the day ahead in markets from Tommy Wilkes. If the European Central Bank’s inflation headache wasn’t bad…
China To Repay More Depositors To Defuse Rural Bank Scandal.
Chinese regulators took fresh steps to defuse anger over a banking fraud that has sparked high-profile protests; by announcing a…