First Abu Dhabi Bank set to sell $500 million sukuk
By Yousef Saba DUBAI -First Abu Dhabi Bank, the United Arab Emirates’ largest lender, is set to sell $500 million in senior unsecured Islamic bonds at 75 basis points over…
By Yousef Saba DUBAI -First Abu Dhabi Bank, the United Arab Emirates’ largest lender, is set to sell $500 million in senior unsecured Islamic bonds at 75 basis points over…
BEIJING – Ukraine, which is locked in a security crisis with Russia, has seen growing investment from China in recent years. China has a strategic interest in Ukraine because of…
SAO PAULO -Brazilian rental car firms Localiza and Unidas, formally known as Companhia de Locacao das Americas, are close to selling assets to win approval from antitrust watchdog Cade for…
By Elizabeth Culliford – Facebook did not add labels to half of posts pushing content from top climate change deniers, according to an analysis from the Center for Countering Digital…
– British broker Peel Hunt said on Wednesday it expected full-year earnings to miss analyst views, hurt by deal delays in its investment banking unit and a slowdown in its…
– British insurer Phoenix Group on Wednesday appointed senior independent director Alastair Barbour as interim chairman to replace current Chairman Nicholas Lyons, who will go on a sabbatical. Barbour will…
By Mike Dolan LONDON – The new year is proving unkind to the global investor consensus yet again and low visibility now becomes a major problem. As simmering Russia-Ukraine tensions…
By David Lawder and Jason Lange WASHINGTON – The United States is poised to unleash a wider array of sanctions against Russia if Moscow escalates the conflict in Ukraine, denying…
WASHINGTON – Banks in the United States do not expect a material financial impact on their businesses, or broader risk contagion, as a result of sanctions Washington and other countries…
– Asset manager Blackrock said on Tuesday that it has increased its strategic overweight on equities, as an early-2022 selloff created “compelling opportunity.” “We see the combination of low real…
By Tim Hepher PARIS – Airbus said on Wednesday it would build a demonstrator to test propulsion technology for future hydrogen airplanes in co-operation with French-U.S. engine maker CFM International.…
By Nayara Figueiredo SAO PAULO – U.S. grains merchant Archer-Daniels-Midland Co said on Tuesday it has carried out the largest soybean shipment in the history of the Ponta da Montanha…
-JPMorgan analysts downgraded Russian equities to “neutral” from “overweight” on Tuesday, after Moscow sent troops to two breakaway regions in eastern Ukraine after recognising them as independent. President Vladimir Putin’s…
By Vera Eckert and Kate Abnett FRANKFURT/BRUSSELS – German Chancellor Olaf Scholz on Tuesday halted the new Nord Stream 2 pipeline designed to bring more Russian natural gas to Germany,…
By Valentina Za, Pamela Barbaglia and Elisa Anzolin MILAN – Oaktree has hired Morgan Stanley to sell a stake in Banca Progetto in a deal that could value the challenger…
– Donald Trump’s Truth Social app was downloaded 170,000 times on Apple Inc’s App Store since its launch last Sunday evening, according to research firm Apptopia. The app created by…
By Jamie McGeever ORLANDO, Fla. -Another week, another big win for hedge funds betting on a flatter U.S. yield curve. Futures market data for the week through Feb. 15 show…
By Tom Westbrook and Alun John SINGAPORE – Investors are reviving one of the most unprofitable wagers of the past two decades and betting that a combination of politics and…
By Gus Trompiz and Tim Hepher PARIS -A consortium backed by Airbus and Safran has agreed to buy superalloys supplier Aubert & Duval from Eramet after the French government stepped…
MEXICO CITY -Economic growth in Mexico is expected to return to pre-pandemic levels by the third quarter this year, the Organisation for Economic Cooperation and Development (OECD) said on Monday.…
By Clare Jim and Andrew Galbraith HONG KONG/SHANGHAI -Shares and international bonds of Zhenro Properties slumped further on Monday after it said existing internal resources might be insufficient to repay…
ATHENS -Greece’s current account balance showed a wider deficit in December last year compared to the same month in 2020 while tourism revenues rose, the Bank of Greece said on…
BANGKOK – Thai banks’ non-performing loans slightly dropped to 2.98% of total lending at the end of December from 3.14% as the end of September, helped by measures to support…
BERLIN – European Commission President Ursula von der Leyen disclosed some details of the sanctions Moscow would face if it invaded Ukraine, saying Russia would be cut off from international…
By Svea Herbst-Bayliss BOSTON -A U.S. federal judge ruled that Nuveen and trustees of its closed-end funds violated the Investment Company Act by stripping hedge fund Saba Capital of its…