Lebanon’s largest Christian bloc, the Free Patriotic Movement, will nominate the Lebanese ambassador to Germany Mustapha Adib as the country’s next prime minister, party leader Gebran Bassil told …
Dubai Is in Talks With Banks for Dollar Sukuk Sale
Dubai is in talks with banks for a possible sale of Islamic bonds in dollars, people familiar with the matter said, as it seeks ways to shore up its finances.The sheikhdom last week sent a request for …
Bank association set to work with AmCham on sustainable finance
The Association of Banks in Cambodia (ABC) and the American Chamber of Commerce in Cambodia (AmCham) entered into a Memorandum of Understanding (MoU) on the implementation of the Cambodian sustainable …
North Korea economy returns to grow
The economy of isolated North Korea grew for the first time in three years in 2019 as better weather conditions boosted crop yields, but sanctions imposed to stop its nuclear ambitions kept factory …
Saudi Stock Exchange (Tadawul) Launches New Derivatives Market and Clearinghouse Leveraging Nasdaq Market Technology
Endeavor will further support the growth of the Saudi capital marketRIYADH, Saudi Arabia and STOCKHOLM, Sweden, Aug. 30, 2020 (GLOBE NEWSWIRE) — The Saudi Stock Exchange (Tadawul) announced today it …
Examining the numbers behind Indonesia’s biggest edtech startup
With its latest funding, Ruangguru can survive for more than two years before running out of cash considering its current burn rate.
India’s Finance Minister to Review Loan Revamp Plan With Lenders
India’s Finance Minister Nirmala Sitharaman will meet commercial banks and shadow lenders on Thursday to review implementation of loan restructuring programs following Covid-19 related stress. The …
China Construction Bank posts worst earnings in more than a decade on bad loan surge
The world’s second-largest lender by assets produces its worst half-year earnings in more than a decade amid a surge in non-performing loans as the coronavirus pandemic ravages businesses.
Bad Debt Wave Drags China’s Big Banks to Their Worst Profit Drop
China’s biggest banks posted their worst profit declines in more than a decade as bad debt ballooned and the government called on them to help backstop the slumping economy, putting pressure on plans …
China’s Big Banks Brace for Lagging COVID-19 Risks as Bad Loans Rise
All five reported their biggest profit falls in at least a decade and an increase in soured loans when announcing their half-year results on Sunday and last week. The results highlight the impact of …