Major US banks, including JPMorgan Chase, Bank of America and Goldman Sachs, are reportedly refusing to lend Argentina $20 billion without explicit assurances or collateral, according to The Wall Street Journal.The reluctance highlights the difficulties fending off attempts to stabilise the South American nation’s finances as its economy falters and…
European stocks opened slightly higher on Tuesday, building on the positive momentum from the start of the week, though a new report showing record UK government borrowing has put a damper on early gains.Thirty minutes into the trading session, the pan-European Stoxx 600 index was marginally higher, with sectors and…
Chinese memory chipmaker ChangXin Memory Technologies (CXMT) is preparing for an initial public offering in Shanghai as early as the first quarter of next year, targeting a valuation of up to 300 billion yuan ($42.12 billion), Reuters reported on Tuesday, citing sources familiar with the matter.Founded in 2016 with strong…
HSBC has appointed former NatWest executive David Lindberg as the new chief executive of its UK business, marking the latest leadership change under group chief executive Georges Elhedery. The move comes as the lender continues to reshape its structure and strengthen its focus on core markets.Lindberg, who served as head…
The highly anticipated second summit between US President Donald Trump and Russian President Vladimir Putin faces uncertainty after preparatory talks between their top diplomats were postponed indefinitely, a report by CNN said on Tuesday.The development casts a shadow over what was expected to be a landmark meeting in Budapest that…
China has responded to the recent agreement between the United States and Australia on critical minerals by urging resource-rich nations to ensure stable supply chains, signalling a fresh phase in the global strategic competition over rare-earth materials.The development, CNBC reports, highlights the growing importance of minerals used in everything from…
Dow futures slipped around 70 points on Tuesday, or 0.2%, as investors prepared for a busy week of corporate earnings, including major companies like General Motors and 3M.The plunge came a day after all Wall Street indices displayed considerable gains of over 1%.Market optimism was fueled by hopes for a…
The Yes Bank share price has pulled back in the past few days as investors book profits and react to the recent quarterly results. It was trading at INR 22.65 on Tuesday, down by 6.8% from its highest level this year. This article explores whether Yes is a good bank…
Britain’s government borrowing exceeded official forecasts by £7.2 billion ($9.6 billion) in the first six months of the fiscal year. This marks a significant deterioration that highlights the challenge facing Chancellor of the Exchequer Rachel Reeves as she prepares to deliver a crucial budget statement next month.The figures underscore the fragile state…
Africa’s financial technology sector is witnessing a historic surge in investor interest, with Moniepoint now emerging as one of the region’s most influential players. The Lagos-based startup, which offers payments, banking, and remittance services, has secured a total of $200 million after its latest $90 million injection. The round, supported…