Friday 1 July 2016

Saudi Arabia picks arrangers for $10bn bond

Saudi Arabia has chosen Citigroup, HSBC and JP Morgan to arrange its highly anticipated sovereign bond issue, two sources with knowledge of the matter said on Sunday. Banks had pitched for roles on the transaction earlier this month; financiers speculated the issue could be worth


Brexit ‘may open up opportunities for GCC’

Britain's   exit from the European Union (EU) may open up more opportunities for Bahrain and also allow the UK to forge deeper joint-trade partnerships with GCC countries, reported the Gulf Daily News, our sister publication. To read further, please visit


Saudi, UAE see no big financial impact from Brexit

Major Gulf economies Saudi Arabia and the UAE said on Saturday that they did not anticipate their financial institutions to be greatly affected as a result of Britain's vote to exit the European Union. Saudi Arabia, the world's largest oil exporter and Opec heavyweight, s


London at risk of losing 'EU passport'

London's financial center will lose its prized "EU passport" if Britain fails to secure continued access to the bloc's single market in its exit talks, ECB Governing Council member Francois Villeroy de Galhau said on Saturday. Banks based in London, Europe's


Saudi says no big Brexit effect on banking sector

Saudi Arabia said on Saturday it had made some adjustments to assets denominated in sterling and euros in anticipation of Britain's vote to exit the European Union. The adjustments were made ahead of the results of the vote as the Kingdom had been monitoring the situation and


Brexit puts UK-China financial services linkages at risk

Britain's shock vote to leave the European Union could derail a raft of financial services projects agreed between China and the United Kingdom, which for years has marketed itself to Beijing as its best economic and financial friend in Europe. The "Leave" camp clin


ECB ready to manage financial impact of Brexit vote

The European Central Bank is ready to manage impact on financial markets and the banking system of the British vote to leave the European Union, a senior ECB official said on Friday. "The ECB is ready, today everyone is in place and there will be instructions from the govern


Turkish investors sell over $1bn in forex after Brexit

Turkish local investors sold over $1 billion in forex in profit taking after an initial steep slide in the lira on Friday as Britain's shock vote to exit from the European Union hit emerging market currencies, bankers told Reuters. Local investors took profits after the lira


Investors hide in German debt as Brexit rocks euro zone

Investors ran for the safety of top-rated German debt and ditched bonds in riskier southern Europe as Britain's vote to leave the European Union created the biggest shock to the euro zone's markets since its 2012 crisis.   German bond yields -- an indica


Global central banks pull out stops to calm jittery markets

The Bank of England pledged a huge financial backstop to calm plunging markets after Britain voted to leave the EU and central banks around the globe intervened in markets, highlighting worries that volatility could quickly hit the world economy. The BoE offered to provide more t

 < 1 2 3 4 5 > 

calendarCalendar of Events