News and opinion on finance

Macaskill on markets: Commodity boom could clash with ESG push

Goldman Sachs was keen to highlight the contribution made by commodities to its robust recent second-quarter results. “Strong trading performance was aided by high volumes and volatility across all of our businesses, ...
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India: End of an era as Aditya Puri sells down at HDFC

COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: SContreras@Euromoney.com By: Published on: Thursday, July 30, 2020 The managing director retires in October. RBI has three names to contemplate as his ...
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US-China rivalry hinders a struggling HSBC

HSBC has suffered an absolutely torrid few months. As it gears up to announce what are likely to be a rocky set of interim results at 5am London time (12 noon Hong ...
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Country risk: Politics and Covid-19 put Malaysia in a spin

It has been a challenging time for Malaysian investors. The coronavirus crisis has taken a swipe at economic growth, sovereign debt is rising, and the political landscape is in flux. This follows ...
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DJ D-Sol drops another PR bomb

Just one day after Goldman Sachs announced a settlement with Malaysia over the 1MDB fraud, David Solomon took to the stage in the Hamptons resort east of New York to party in ...
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Argentina is unsure it can pay its debt offer

The government of Argentina says it cannot increase the value of its repayment offer to the country’s creditors because “we are not 100% confident that we can afford [what we have already ...
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What European banks need before mergers can save them

European banks must revolutionise their business models – even the European Central Bank recognises this now. In new draft guidance, the ECB signals it won’t stand in the way of mergers, including ...
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HSBC Mexico’s Arce sees pandemic push for digital banking

HSBC Mexico’s chief executive, Jorge Arce, says the coronavirus pandemic has greatly accelerated adoption of its digital banking services – with clients overcoming cultural resistance to move online and take advantage of ...
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Equity Bank turns to vertical strategy after collapse of Atlas Mara acquisition

Equity Bank’s plans for regional expansion suffered a setback when its deal to acquire four subsidiaries of Atlas Mara collapsed in June. It began talks to acquire Atlas Mara’s subsidiaries in Rwanda, ...
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Covid-19 could be good for Gulf equities

Trading volumes at the Abu Dhabi Securities Exchange (ADX) fell by over a quarter in the first half of 2020 as the coronavirus pandemic hit activity. However, a listing from national energy ...
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Covid-19 spurs domestic bank M&A in Africa

Access Bank’s Zambian subsidiary announced plans for the acquisition of a 100% stake of domestic lender Cavmont Capital Holdings Zambia in mid July. Following the collapse of Equity Bank’s plans to acquire ...
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SGX’s Nasdaq tie-up is a bid to stem exchange’s outward flows

A new cooperation agreement between Singapore Exchange Regulation, the regulatory arm of the Singapore stock market, and Nasdaq aims to streamline a framework for dual listings on the two bourses. Singapore needs ...
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