Gulf assets: De-globalization spells change for Dubai
Places such as the DIFC have lifted their curfew, but its a long path to financial stability Life is returning to the Gulf’s foremost party destination. Dubai’s glitzy hotels, many of which were repurposed as isolation centres at the height...
First look at ECB PEPP debt-buying shows massive support for CP
European Central Bank headquarters, Frankfurt Markets got their first glimpse on Tuesday, June 2, of just what the European Central Bank has been so busy buying in its Pandemic Emergency Purchase Programme (PEPP), a €750 billion scheme set up by...
Coronavirus: IFC fires out $8 billion fast-track financing – for starters
On the frontline of the fight against Covid-19, the International Finance Corporation (IFC) is working against the clock to ensure jobs and businesses are kept afloat as developing countries face one of the worst healthcare and economic crises in history....
Coronavirus: Cloud-based trading systems may be the best when working from home
It is Friday afternoon in the third week of March and the head of investment banking apologizes for being late onto the call with Euromoney. “I had to get a new laptop and was on the phone with IT for...
Capital markets in UAE set for listings boost
The Dubai International Financial Centre The UAE has inked a draft law encouraging family-owned businesses to list, while an emerging pensions industry in Dubai is expected to widen its net of investors – both marking key developments in the growth...
Responsible finance: The research note that could be a tipping point
Climate angst surely went up a few notches in February when Extinction Rebellion spokesman Rupert Read sent a copy of a January JPMorgan client research note to members of the UK press. The report looked at the impact of climate...
Wuhan, epicentre of coronavirus, gives Shanghai an IPO to shout about
A security guard keeps watch outside the entrance to the Shanghai Stock Exchange Wuhan is full of surprises this year. It has already given the world coronavirus, which has killed more than 2,600 people. However, on Monday, the Chinese megacity...
Rial’s promotion underlines Santander’s LatAm shift
Santander’s Sergio Rial Rial has had a big impact on Santander since he joined as head of its Brazilian bank in 2015. He has led that unit’s transformation, with return on equity (ROE) increasing from 14% to 21%. Announcing Rial’s...
Restive Cameroon still a high-risk option
Cameroon’s military are conspicuous under a campaign poster for president Paul Biya Cameroon finally held its repeatedly postponed legislative and municipal elections in February for the first time in seven years. It came amid the continuing swell of separatist fervour...
Macaskill on markets: The European bank random CEO generator
The global financial crisis led to a divergence in bank governance trends on either side of the Atlantic. US banks recovered faster than their European rivals and many firms retained the practice of combining the role of chairman and chief...