The merger between India’s HDFC Bank and the Housing Development Finance Corporation (HDFC) will increase the entity’s customer base and provide more opportunities for cross-selling, the non-executive director of HDFC Bank told CNBC. HDFC, India’s largest mortgage lender, merged with HDFC Bank, the country’s […]
Larry Summers, the former US treasury secretary, once explained why he thought inequality had risen. “One of the reasons,” he said, “is that people are being treated closer to the way that they’re supposed to be treated.” That story is […]
RIYADH: Dubai Financial Market witnessed a surge in new investor accounts, with brokerage companies adding 26,953 accounts in the first five months of 2023, its latest data showed. Compared to the same period in 2022, the number of new investor accounts […]
Cathie Wood often invests in speculative companies with profits that are years away, though Tesla (TSLA) has been profitable for years. So has Shopify (SHOP), a top-10 Ark Invest holding. Thanks to a strategic shift, Shopify earnings growth is expected to skyrocket in 2023, […]
US stocks traded mostly lower on Wednesday as Federal Reserve Chairman Jerome Powell warned that more interest rate hikes are possible. Powell said at a conference in Portugal that the Fed is still laser focused on tamping down inflation and […]
China’s Premier Li Qiang warned governments that attempt to politicize their economies will only fragment the world as the US and Europe “de-risk” supply chains from the Asian nation. “The invisible barriers put up by some people in recent years are becoming […]
Dar es Salaam Stock Exchange (DSE) is anticipated to return to equilibrium for the equity prices after the dividend payments period ends. The bourse saw the escalation of share prices following stellar performance demonstrated by some companies last year. Zan […]
HSBC, DBS Hong Kong, Hang Seng Bank, Bank of China (Hong Kong) and Bank of East Asia will share their credit assessment of mainland buyers with ECIC as part of new scheme ECIC already offers credit insurance to exporters trading […]
Valuation gaps make it harder for buyout funds to seal deals Firms scrap divestments, eye spinoffs as PE bids disappoint Private equity firms hunting for acquisitions with their $1.5 trillion of unspent capital are struggling to seal deals as they […]
KEY POINTS Monzo reported net operating income of £214.5 million ($266.1 million) in the year ending February 2023, almost doubling its results year-over-year. One of the most prominent U.K. digital banks, Monzo managed to reach profitability in the first two […]
