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British ministers head to the GCC for talks on new trade deal

Britain’s new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible trade deal, the government said. Trade secretary Jonathan Reynolds and...

Markets Marcus Robinson -

Saudi Fund for Development signs first loan agreement with Dominica

Saudi Fund for Development (SFD) formalised its first development loan agreement with the Commonwealth of...

Finance Victoria Winston -

How Abu Dhabi’s investment legacy is fostering economic development

Abu Dhabi and the UAE have long been recognised as important investors in the...

Banking Aditya Dave -

UAE unveils ‘Invest in the Emirates’ campaign, fronted by Idris Elba

The UAE government has unveiled its ‘Invest in the Emirates’ campaign, fronted by Hollywood...

News Shreya Rajput -

UAE, Australia reach trade deal to boost exports, investment

The UAE has reached a trade agreement with Australia that is expected to boost...

Forex Sameer Shah -

Latest

Focus: Britain’s NatWest share sale to test UK equity market upswing

Britain's plans to sell shares in NatWest bank to the public this summer will be a test of a long-awaited upswing in the UK stock market...

NYCB faces tough choices on CRE loans, balance sheet diversification

New York Community Bancorp (NYCB.N), opens new tab will have to lure buyers for its commercial real estate (CRE) loans with steep discounts and diversify its...

US house price inflation slows in March, FHFA says

U.S. house price growth slowed sharply in March, likely as rising mortgage rates weighed on demand, data showed on Tuesday. Prices edged up 0.1% in...

Canada finance minister says budget created conditions for cut in interest rates

Canada's Finance Minister Chrystia Freeland said on Tuesday that the federal budget presented to the Parliament last month had created conditions for interest rates...

Brazil’s Gol airline says bankruptcy exit to involve $1.5 billion capital injection

Brazilian airline Gol (GOLL4.SA), opens new tab expects its exit of Chapter 11 bankruptcy proceedings to involve a $1.5 billion capital injection through the issuance of...

Japan net external assets hit record high in 2023, remains world’s top creditor

Japan's net external assets rose to a record 471.3 trillion yen ($3 trillion) in 2023, increasing for a sixth straight year, as a weak...

Foreign investment in UK finance sector halves in 2023, says City of London

Foreign investment in Britain's financial and professional services halved to one billion pounds ($1.25 billion) in 2023, the City of London said on Tuesday,...

EU leaders pick von der Leyen for second term as Commission chief

European Union leaders agreed to nominate Ursula von der Leyen of Germany for a second five-year term as president of the European Commission, the...

Russia’s VTB bank says US sanctions have complicated cross-border transactions

U.S. sanctions imposed on Moscow this month have complicated the foreign trade operations of Russian banks, but they are gradually adapting to the new...

Palestinian official rejects Israeli minister’s move on West Bank settlements

A senior Palestinian official rejected on Friday a move by Israel's finance minister intended to promote new Jewish settlements in the occupied West Bank,...

BBVA has ‘no need’ to sweeten Sabadell offer, chairman says

BBVA's (BBVA.MC), opens new tab chairman said on Friday that the Spanish bank had "no need" to improve its hostile bid for rival Sabadell (SABE.MC), opens new tab, as...

Exclusive: Emirati bank FAB in advanced talks to buy Turkey’s Yapi Kredi

First Abu Dhabi Bank (FAB) (FAB.AD), opens new tab is in advanced talks to acquire Turkish conglomerate Koc Group's (KCHOL.IS), opens new tab 61.2% stake in Istanbul-based lender...

Bank of America appeals IRS win in $163 mln bank merger tax fight

Bank of America (BAC.N), opens new tab has asked a U.S. appeals court to revive its lawsuit seeking more than $163 million in interest from the...

Japan’s exports pick up on weak yen but business mood stalls

Japan's exports rose for a fifth straight month in April, helped by a boost in value from the weak yen, government data showed on...

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