More investors turning sour on emerging markets – HSBC survey
More than one in four investors feel ‘bearish’ about emerging markets, an HSBC survey showed on Wednesday, as slowing economic growth and the spectre of tighter monetary policy in the United States clouds the outlook.
WORLD ECONOMIC MAGAZINE INTERVIEWS DR. HERBERT WIGWE (GROUP MD & CEO) OF ACCESS BANK PLC.
WORLD ECONOMIC MAGAZINE AWARDS INTERVIEW WITH DR. HERBERT WIGWE (CEO) OF ACCESS BANK PLC.
EXCLUSIVE BNP hires advisers to explore $15 bln Bank of the West sale – sources
BNP Paribas (BNPP.PA) is working with advisers to assess a sale of its U.S. arm Bank of the West as it seeks to retreat from the American retail banking market after struggling to compete with larger and better capitalised rivals, sources told Reuters.
EXCLUSIVE HSBC exceeds China wealth hiring targets, explores India private banking re-entry
HSBC Holdings Plc is ahead of its hiring targets for its Chinese retail wealth management business and is exploring re-entering India’s private banking business, senior executives said, as part of its plan to make Asia and wealth key pillars of growth.
Blizzard-hit SoftBank launches buyback after $10 bln Vision Fund loss
SoftBank Group Corp (9984.T) slumped to a quarterly loss on Monday, as its Vision Fund unit took a $10 billion hit from a decline in the share price of its portfolio companies and as China’s regulatory crackdown on tech firms weighed.
SoftBank dragged into red by falling Vision Fund valuations
SoftBank Group Corp (9984.T) reported a 397 billion yen ($3.5 billion) net loss for the July-September quarter, dragged down by a $10 billion investment loss at its Vision Fund unit as tech valuations fell.
StanChart flags flat annual income despite strong Q3 profit; shares drop
Standard Chartered (STAN.L) forecast flat income for the full year amid “uneven” economic recovery from the pandemic, even as it turned in a stronger-than-expected quarterly pre-tax profit, sending its shares lower on Tuesday.
Aussie jumps as inflation data sparks rate hike talk, yen becalmed before BOJ
The Aussie dollar jumped on Wednesday as surprisingly strong inflation data raised the possibility of sooner-than-planned rate hikes, while the yen was calm as Japan’s central bank is seen retaining its easy monetary policy stance later this week.
Deutsche Bank extends profit run on boost from dealmaking fees
Deutsche Bank’s (DBKGn.DE) profits rose a stronger-than-expected 7% in the third quarter, the bank’s fifth straight quarter in the black as fees for advising on deals partly made up for a drop in trading revenue.
Bahamas’ Institute benefits from eCom Scotland eAssessment Platform
With over half its multi-million dollar revenue regularly coming from clients outside the UK, the digital learning and assessment specialist, eCom Scotland is used to working with organisations in far-flung, often exotic and, sometimes, remote parts of the world. Among these is the far-from remote but no-less-exotic Bahamas, where one of its professional institutes is benefiting from using eCom’s eAssessment platform with the hundreds of students studying for qualifications on its 16 or so regular programmes.
