A dearth of IPOs, a plunge in stock prices and slowing global economic growth are clouding the outlook for revenue at global investment banks after pandemic spending by governments and central banks fueled a blockbuster 2021.
Big U.S. banks including JPMorgan Chase & Co (JPM.N) and Citigroup (C.N) appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans.
Qatar has picked Exxon Mobil Corp , TotalEnergies SE (TTEF.PA), Shell (SHEL.L) and ConocoPhillips (COP.N) as partners in the expansion of the world’s largest liquefied natural gas (LNG) project, people with knowledge of the matter said on Tuesday.
China’s Didi is in talks with state-backed Sinomach Automobile (600335.SS) to buy a third of its electric-vehicle unit, two sources said, signalling the ride-hailer’s regulatory troubles are in the rear view mirror as it focuses on growth.
China has widened the gap on the United States in trade terms in large swathes of Latin America since U.S. President Joe Biden came into office early last year, data show, underscoring how Washington is being pushed onto the back foot in the region.
Italian bank UniCredit (CRDI.MI) has widened its search for a buyer for its Russian business beyond local investors, as it steps up efforts to leave the country, two people with knowledge of the matter said.
Australia’s central bank on Tuesday raised interest rates by the most in 22 years and flagged more tightening to come as it battles to restrain surging inflation, stunning markets and sending bond yields flying.
Citigroup Inc (C.N) plans to hire around 3,000 new staff for its Asia institutional business in the next few years, sharpening its focus in a fast-growing region where it has exited consumer banking in most markets, its Asia Pacific chief executive said.
Russia’s failure to send an interest payment to creditors is triggering a payout on debt insurance, taking the country another step closer to its first default on international bonds since the Bolshevik revolution more than a century ago.
Italian bank UniCredit (CRDI.MI) has widened its search for a buyer for its Russian business beyond local investors, as it steps up efforts to leave the country, two people with knowledge of the matter said.
A dearth of IPOs, a plunge in stock prices and slowing global economic growth are clouding the outlook for revenue at global investment banks after pandemic spending by governments and central banks fueled a blockbuster 2021.
Big U.S. banks including JPMorgan Chase & Co (JPM.N) and Citigroup (C.N) appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans.
Qatar has picked Exxon Mobil Corp , TotalEnergies SE (TTEF.PA), Shell (SHEL.L) and ConocoPhillips (COP.N) as partners in the expansion of the world’s largest liquefied natural gas (LNG) project, people with knowledge of the matter said on Tuesday.
China’s Didi is in talks with state-backed Sinomach Automobile (600335.SS) to buy a third of its electric-vehicle unit, two sources said, signalling the ride-hailer’s regulatory troubles are in the rear view mirror as it focuses on growth.
China has widened the gap on the United States in trade terms in large swathes of Latin America since U.S. President Joe Biden came into office early last year, data show, underscoring how Washington is being pushed onto the back foot in the region.
Italian bank UniCredit (CRDI.MI) has widened its search for a buyer for its Russian business beyond local investors, as it steps up efforts to leave the country, two people with knowledge of the matter said.
Australia’s central bank on Tuesday raised interest rates by the most in 22 years and flagged more tightening to come as it battles to restrain surging inflation, stunning markets and sending bond yields flying.
Citigroup Inc (C.N) plans to hire around 3,000 new staff for its Asia institutional business in the next few years, sharpening its focus in a fast-growing region where it has exited consumer banking in most markets, its Asia Pacific chief executive said.
Russia’s failure to send an interest payment to creditors is triggering a payout on debt insurance, taking the country another step closer to its first default on international bonds since the Bolshevik revolution more than a century ago.
Italian bank UniCredit (CRDI.MI) has widened its search for a buyer for its Russian business beyond local investors, as it steps up efforts to leave the country, two people with knowledge of the matter said.
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