Emirates NBD has successfully signed a $750 million five-year dual-tranche financing facility with Emirates Airline. Dubai's biggest bank said the landmark transaction remains competitively priced and marks a first for Emirates as a sales-receivable backed financing structure, aimed to diversify the airline's liquidity pool.
Under pressure to act as inflation jumps towards double its 2% target, the Bank of England appears to be gearing up to be the first of the world's big central banks to raise interest rates since the coronavirus pandemic struck.
This benchmark examines and compares how strategy consulting firms are organizing their knowledge and research functions internally, and where they’ve chosen to locate them globally.
Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) witnessed a block-trading deal worth EGP 34.155 million. The transaction involved the trading of 1.940 million shares, the Egyptian Exchange (EGX) said in a statement on Tuesday.
Global investment banking fees reached $115.8 billion during the first nine months of 2021, posting a 21 percent rise compared to the first nine months of 2020 and the strongest opening nine-month period for global IB fees since records began in 2000, according to global data provider Refinitiv. Fees during the third quarter of 2021 totaled $35.3 billion, a 12 percent decline from the second quarter of this year.
Cryptocurrency startup ConsenSys, which is benefiting from the decentralized financial boom, has raised $ 3 billion in funding, according to people who were briefed on the plan. Based in New York, ConsenSys develops and invests in projects built on the Ethereum distributed ledger, a Bitcoin rival that can be used to create financial services apps and other automated software programs.
Samsung Electronics has today flagged a 28% jump in its third-quarter operating profit to the highest in three years, driven by rising memory chip prices and display sales for new flagship smartphone launches. The preliminary result was up 26% from the second quarter, although just below forecasts.
Rigetti Computing, one of many first start-ups to tackle the giants of the tech trade within the new area of quantum computing, is planning to go public by means of a merger with a particular goal acquisition firm that values it at about $1.5bn.
China levied a US$533 million fine on Meituan for violating anti-monopoly regulations, ending a months-long probe that had weighed on the country's food-delivery leader. The State Administration for Market Regulation imposed a 3.44 billion yuan (S$723.6 million) fine on Meituan, amounting to 3 percent of its 2020 domestic revenue, according to a statement Friday.
U.S. stock markets rose on Friday after data showed U.S. employment increasing far less than expected in September amid a decline in government payrolls. The move was measured, however, as investors weigh a more uncertain outlook for the strength of the U.S. economic rebound against what the jobs growth slowdown means for the Federal Reserve's expected announcement in November of a tapering of its asset purchases.
Bitcoin hit its highest level since mid-May on Wednesday as bulls bid up the cryptocurrency after it breached the $50,000 mark in the previous session. The world's largest cryptocurrency in terms of market value rose 4.6% to $53,859.6. It passed the $50,000 mark for the first time in four weeks on Tuesday on mounting institutional interest.
China will deepen its loan prime rate (LPR) reforms and gradually make deposit rates more market-driven, vice central bank governor Liu Guoqiang said in remarks published on Friday. China will improve market-based interest rate formation and transmission mechanism and improve its interest rate corridor mechanism, Liu wrote in China Finance, a publication run by the People’s Bank of China (PBOC).
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