News and opinion on finance

There’s light at the end of the tunnel, but not all are on the right track The mean average global risk score improved from the third to fourth quarter as business confidence ...

The Worldpay from FIS 2020 Global Payments Report has predicted that digital wallets could account for more than half of global e-commerce sales by 2023. However, it also highlights a number of ...

Asian investors may be comforted by the fact China’s economy was brought back to life in the second quarter, after the lockdown-induced collapse in the first months of the year, but the ...

Shanghai skyline At one level, it can be argued – no, not really. The Pennsylvania-based group has long struggled to break into Hong Kong’s retail market. In a statement, Vanguard said it ...

Kristian Gjerding, chief executive of CellPoint Digital, a company founded in Copenhagen in 2007 to help travel merchants handle payments in a mobile-first world, tells Euromoney: “Think about airlines, for example, that ...

If quantitative easing is seen to be ‘cost free’ by policymakers, then what has started out as a one-time emergency policy response could be used next time the economy is sluggish and ...

Euromoney has delved deep into the detail of just how the EU might conduct the large new borrowing programme for the €100 billion emergency SURE programme and the €750 billion recovery fund ...

For some time now, investment banks in Japan have been counting on a theory being correct. It goes like this: as corporate governance and investor activism have belatedly become fixtures of Japanese ...

Fintech bridge agreements are described as “a bespoke agreement outlining collaboration between two governments, cooperation between regulatory bodies and connectivity between ecosystems that encourages the sharing of information, including emerging trends and ...

In March 2001, America’s hawkish defence secretary Donald Rumsfeld handed a report to George W Bush. It urged the new US president to see not Russia but China as the primary threat, ...

The agreement between Goldman Sachs and the Malaysian government over the US bank’s work with 1MDB has inspired a number of ‘Goldman settles for $3.9 billion’ headlines. There’s a bit more going ...

Today (Tuesday July 28) the Government of Singapore Investment Corporation (GIC), one of the biggest and most sophisticated sovereign wealth vehicles in the world, announced its full-year return to March 31 ,2020 ...

The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School, together with the World Bank Group and the World Economic Forum, launched a survey during the second ...

The Covid-19 crisis has raised the stakes worldwide, plunging the global economy into recession and creating unanticipated fiscal pressures for many countries already struggling with domestic problems, geopolitics and global trade wars ...

This week former Malaysian prime minister Najib Razak was sentenced to 12 years in jail after being found guilty on seven corruption counts associated with 1MDB in the Kuala Lumpur High Court ...

Think of a European bank that needs to shrink its corporate and investment bank. Deutsche Bank or Societe Generale probably come to mind, but ABN Amro’s decision to run down all corporate ...

European Banking Federation president Jean Pierre Mustier European banks, especially in Germany, are pushing for hard-hit borrowers to have easier access to state equity support as the economic impact of the coronavirus ...

As both developed and emerging market economies struggle to recover from the first phase of the Covid emergency, finding new ways to channel financial support to small and medium-sized enteprises becomes ever ...

Credit Suisse Australia and Jarden call time on their strategic partnership A 30-year alliance came to an inevitable end on Friday when Credit Suisse Australia and Jarden exited their strategic partnership. As ...

The destroyed port in Beirut The impromptu special survey shows Lebanon’s total risk score downgraded further to less than 22 points out of a maximum 100, pushing the country deeper into the ...

Distributed-ledger technology-based transactions are slowly becoming more commonplace in trade finance. Last month, Turkey’s Isbank became the first financial institution in that country to use the technology for a trade-finance transaction, for ...

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, ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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, ...