by Jibran Munaf | October 25, 2024 | Banking
British bank NatWest announced on Friday that its net profit surged by 35% in the third quarter, fueled by higher revenues and reduced costs. The lender reported a profit after tax of £1.17 billion ($1.52 billion) for the three months ending in September, marking a...
by Jibran Munaf | October 25, 2024 | Financial Services
Morgan Stanley announced on Thursday that CEO Ted Pick will take over as chair of the board, succeeding James Gorman, who is set to become chairman of Walt Disney’s board after stepping down from his role as executive chair at Morgan Stanley at the end of this...
by Jibran Munaf | October 25, 2024 | Energy
German Chancellor Olaf Scholz announced Germany’s interest in deepening defence ties and collaborating on green energy initiatives with India following a meeting with Indian Prime Minister Narendra Modi. Germany, traditionally not a major defence partner to India, now...
by Jibran Munaf | October 25, 2024 | Banking, Currencies
HSBC’s Hong Kong division has become a direct offshore participant in China’s global interbank renminbi payment system, CIPS, as confirmed in a company statement. This move supports Beijing’s efforts to promote the yuan internationally, aiming to increase its...
by Jibran Munaf | October 25, 2024 | Corporate Finance
Indian food delivery leader Swiggy is set to launch an initial public offering (IPO) valued up to INR 120 billion ($1.4 billion) in early November, according to sources cited by IFR. The IPO will include primary shares worth INR 37.5 billion and 186 million secondary...
