Top Stories
Latest News
Is Trump Using Tariffs as a Political Lever?
1732615491 from BLOOMBERG
President-elect Donald Trump said he would impose additional 10% tariffs on goods from China and 25% tariffs on all products from Mexico and Canada. The announcements were made on his Truth Social network on Monday. Bloomberg's Rosalind Mathieson discusses whether Trump's proposed new levies could be used as a starting point for broader geopolitical negotiations. (Source: Bloomberg)
SISECAM’S RECORD-BREAKING BOND ISSUES RECEIVES 3 AWARDS FROM GLOBAL BANKING & MARKETS
1732611600 from BANKING
… prestigious awards at the Global Banking & Markets: CEE, CIS … prestigious awards at the Global Banking & Markets: CEE, CIS … Türkiye" at the Global Banking & Markets: CEE, CIS …
Re-export of Russian grain to Uzbekistan and China through Kazakhstan is limited - Prime Minister of Kazakhstan
1732610811 from C ASIA
… of unjustified unilateral return on Kazakh agricultural products. As a result … grain to the Republic of Uzbekistan and the People's … from Russia to Kyrgyzstan on the territory of Kazakhstan tariff has doubled …
Nigerian Banks in 2024: Resilience amid economic challenges, sector transformation
1732610793 from BANKING
… fallout.” Despite these obstacles, banks reported generally stable financial results … posed challenges for smaller banks. “Mid-tier banks struggled to comply … restructuring and provisioning practices. “Banks demonstrated strong risk management frameworks …
Thai Bad Loan Ratio Hits Three-Year High as Debt-Relief Planned
1732609858 from BLOOMBERG
Thai banks’ non-performing loans last quarter jumped to their highest level in three years as troubled corporate and individual borrowers continued to struggle to repay debt, though the Bank of Thailand announced progress in talks with the finance ministry on relief measures.
Trump Tariff Threat Roils Markets & Israel, Hezbollah Near Deal | Daybreak: Europe 11/26/2024
1732609402 from BLOOMBERG
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Today's guest: Sophie Huynh, BNP Paribas Asset Management, Senior Cross Asset Strategist. (Source: Bloomberg)
SBP makes key revisions to Minimum Profit Rate requirements, Islamic banking guidelines
1732608329 from BANKING
… bank has directed Islamic Banking Institutions (IBIs) to … public limited companies.” Previously, banks were required to pay … overall positive development for the banking sector,” Sana Tawfik, … “This will help commercial banks reduce the cost of deposits …
Trump Vowing Tariff's On Canada, Mexico & China 'Hugely Significant'
1732606650 from BLOOMBERG
United States Trade Representative Jennifer Hillman says Trump announcing the plan before he's in the office suggests he's looking for Canada or Mexico to offer things to negotiate. She joined Eli Lee Chief Investment Strategist at Bank of Singapore for a conversation on Bloomberg Insights with Haslinda Amin. (Source: Bloomberg)
Kazakhstan plans major boost in oil exports via Turkey's Ceyhan port to reduce dependence on Russia
1732603205 from C ASIA
… through Russian infrastructureSource: Reuters Kazakhstan is looking to raise its … gradually increasing the volume of Kazakh oil shipments in this direction … partners,” Satkaliyev told parliament. Currently, Kazakhstan exports oil through multiple channels …
Finance Ministry to Tap Banks to Help Pemex Pay Debt with Suppliers
1732602775 from BANKING
… to enlist a consortium of banks to provide financing that Petroleos … work with a consortium of banks to provide the funds, Rodriguez … will peak. In the past, banks including Citigroup Inc. and Deutsche … -default swaps to the two banks. What do you think? We …
EU Proposes Sanctions on Chinese Firms for Helping Russia
1732602606 from BLOOMBERG
Good morning. The European Union proposes sanctions on Chinese companies for helping Russia in its war in Ukraine. Donald Trump vows tariffs on China, Mexico and Canada. And British Airways redesigns its First Class cabins. Listen to the day’s top stories.
Recapitalisation: Banks Have Raised N1.7tn from Capital Market, SEC Reveals
1732598539 from BANKING
… Francis in Abuja Nigerian banks have raised about N1. … from the capital market by banks and other entities, since … N1.7 trillion was by banks through their recapitalisation exercise. He … on board with an important banking recapitalisation exercise which we …
Industrial, agri sectors: Tanveer highlights importance of expanding ties with Belarus
1732597853 from AGNEWS
… cooperation in the field of agricultural machinery and tractors manufacturing plants … keen interest in production of agricultural machinery and establishing tractors plants … start a pilot project on agricultural productivity enhancement in Pakistan. Similarly …
Tajikistan and Uzbekistan abolish permits for mutual cargo transport
1732597661 from C ASIA
… cargo transportation between Tajikistan and Uzbekistan are no … representative from a Tajik transport company told … Tajik-Uzbek border without permits. However, for transit to third countries via Uzbekistan … for transit through Uzbekistan to other states,” …
US Lawmakers Call HK A Financial Crime Hub
1732596667 from BLOOMBERG
US lawmakers say Hong Kong has become a center for financial crimes as Beijing tightened its grip on the city. Our China correspondent, Minmin Low, explains the allegations have highlighted the worsening ties between the city and Washington. (Source: Bloomberg)
European Union May Sanction Chinese Firms Aiding Russian War Effort
1732591155 from BLOOMBERG
The European Union is proposing to sanction Chinese firms that allegedly helped Russian companies develop attack drones used against Ukraine. Stephen Engle reports on Bloomberg Television. (Source: Bloomberg)
Pemex to Work With Finance Ministry on Debt Plan for Suppliers
1732590607 from BLOOMBERG
Mexico’s finance ministry is preparing to enlist a consortium of banks to provide financing that Petroleos Mexicanos would use to pay off debt with service providers, according to a recording of remarks made by its CEO.
China Is Snapping Up Cheap Brazilian Soybeans as Trump Returns
1732590528 from BLOOMBERG
Chinese buyers are loading up on Brazilian soybeans from the coming harvest, taking advantage of attractive prices in a move that will also help safeguard supply, at a time when concerns about worsening trade tensions with the US are running high.