The once-in-a-lifetime Covid-19 pandemic took a toll on jobs and incomes of consumers, raising concerns about the impact this would have on the loan books of retail lenders. Two large consumer lenders …
A Surge in Bad Debt Is Set to Worsen India Shadow Bank Woes
India’s troubled shadow banks face mounting challenges to a nascent recovery from the pandemic, with their asset quality set to deteriorate further as flagged recently by the financial regulator.
China plans tougher antitrust rules for non-bank payments industry
China’s central bank has proposed stepping up antitrust measures for companies in the non-bank payments industry.
Strong Georgia ties in the Biden-Harris administration
Georgia was represented Wednesday on-stage at Joe Biden and Kamala Harris’ inauguration. The Peach State will also be represented in their administration.
Crédit Agricole and cohort of banks throw weight behind Saudi-Korea export financing
Saudi Arabia’s ministry of finance has inked a US$3bn untied loan agreement with nearly a dozen international banks and the Republic of Korea’s official export credit agency (ECA). Korea Trade …
Saudi Arabia’s mergers and acquisitions market attracts international players
The Unit expects 2021 to witness further consolidation in key markets such as healthcare, education, e-commerce, and energy …
JCC and JHC hustle to fix Dawei fallout
The government is vowing to speed up finalising solutions as soon as possible for the cancelled Dawei contract.
Turkey gets its biggest book
Turkey recorded its biggest ever book, drumming up more than US$15bn of demand for its US$3.5bn dual-tranche offering on Tuesday. The deal enabled the sovereign to raise about a third of its …
Auditor General of Pakistan invites PM’s anger
Prime Minister, Imran Khan has expressed his dissatisfaction over accused the Auditor General of Pakistan’s performance after Prime Minister’s Inspection Commission found “massive corruption” in the …
Indonesia Seen on Hold as Price Pressures Brew: Decision Guide
Indonesia’s central bank is expected to leave its benchmark interest rate unchanged Thursday as it assesses tentative signs of price and currency pressures.