Business & Finance - Banking & Finance

Credit Suisse’s Rohner sees no big hit from oil & gas exposure

Credit Suisse’s Rohner sees no big hit from oil & gas exposure

Global oil prices have plunged since March as coronavirus lockdowns have eroded demand and oil producing nations have waged a price war. Credit Suisse,...

ECB’s green light to Intesa Sanpaolo’s takeover bid for UBI expected by mid-June

ECB’s green light to Intesa Sanpaolo’s takeover bid for UBI expected by mid-June

Intesa unveiled in February an all-paper exchange offer for UBI to create the euro zone's seventh-largest banking group and drive profits. Italy's antitrust body...

Colombia central bank statement on interest rate decision

Colombia central bank statement on interest rate decision

The board of directors by majority vote cut its interest rate by half a percentage point to 2.75%. In this way, the countercyclical drive...

Fed’s small business lending program near launch: Powell

Fed’s small business lending program near launch: Powell

Soon after the COVID-19 pandemic hit the world's largest economy, the Fed unveiled the Main Street Lending Program along with a host of other...

Lloyd’s of London considers part-virtual underwriting room

Lloyd’s of London considers part-virtual underwriting room

Lloyd's shut its "underwriting room" in its London tower on March 19 in response to the coronavirus pandemic and has said it will not...

China to extend interbank bond market trading hours to woo foreign investors

China to extend interbank bond market trading hours to woo foreign investors

The People's Bank of China (PBOC) was not immediately available to comment. During the meeting, a CFETS official also warned of rising bond market...

Pakistan plans to raise $1.5bn in Eurobonds, officials say

Pakistan plans to raise $1.5bn in Eurobonds, officials say

Pakistan plans to launch these bonds in next fiscal year. Another official at Pakistan's ministry of economic affairs said Pakistan wants to raise an...

Cambodia economy to shrink 1pc-2.9pc as COVID-19 hits demand: World Bank

Cambodia economy to shrink 1pc-2.9pc as COVID-19 hits demand: World Bank

Though the coronavirus has infected only 124 people in Cambodia. "The collapse of growth drivers has hurt economic growth and put at least 1.76...

Euro zone companies tap banks for cash to survive pandemic

Euro zone companies tap banks for cash to survive pandemic

Lending growth to non-financial corporations accelerated to 6.6% in April, its fastest rate in over 11 years, from 5.5% a month earlier, the data...

ECB’s Visco says policymakers must counter deflation risk

ECB’s Visco says policymakers must counter deflation risk

Presenting the Bank of Italy's annual report, he said the ECB was ready to use all the instruments available to ensure that every sector...

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