Qatar Islamic Bank (QIB) has won six awards, including ‘Best Islamic Financial Institution in Qatar and the Middle East’, at the annual Global Finance Magazine Awards, confirming its leading position in Qatar’s and the region’s financial markets.
Paul Allen’s death may result in two major professional sports franchises being offered for sale at the same time, resulting in a “highly unusual” situation that may draw interest from a bevy of billionaires, according to sports bankers and lawyers.
Auto giant Volkswagen cleared a new hurdle in its “dieselgate” scandal yesterday, paying a hefty fine to close a German investigation into subsidiary Audi, but the group is not yet in the clear over its years of emissions cheating.
Off-balance-sheet borrowings by Chinese local governments could be as high as 40tn yuan ($5.78tn) and amount to “a debt iceberg with titanic credit risks”, S&P Global Ratings said in a report yesterday.
The US government had not spoken to Japan about including provisions in free trade agreements to deter currency manipulation, Japanese Finance Minister Taro Aso said yesterday, although the two sides are likely to enter talks sometime next year.
Q3 earnings season shifts a gear higher this week with a slew of releases from major corporations. US numbers are expected to be strong but this is a party that won’t last forever given the wide array of headwinds waiting on the horizon
Activist investor Carl Icahn has come out against Dell Technologies Inc’s plan to return to public markets, arguing that the proposed transaction undervalues shares that track its stake in VMware.
The Bank of Korea’s policy meeting tomorrow couldn’t come at a better time. As the won slid to a one-year low last week, traders will wait to see if the central bank delivers another hawkish signal to temper the slide.
Masayoshi Son has already paid a price for his close ties to Saudi Arabia. It could soon go much higher.
The chief executive officers of HSBC Holdings Plc and Credit Suisse Group AG became the latest top bankers to abandon an investment conference in Saudi Arabia as pressure grows on the kingdom amid allegations it killed a dissident journalist.