Transaction Banking
Nigeria: Automation Will Add Forex Transparency
Nigeria’s central bank will automate foreign exchange (FX) trading starting in December, replacing the decade-old over-the-counter system to enhance transparency...
News
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Economics, Policy & Regulation
Moldova: Direction In Doubt
These are nervous and uncertain times in Moldova and Georgia. In a referendum on October 20, Moldovans formally enshrined the...
Capital Raising & Corporate Finance
UAE Goes Shopping For Chemicals
The Abu Dhabi National Oil Company (ADNOC) has reached an agreement to buy German chemicals maker Covestro in what is...
Economics, Policy & Regulation
UK Wealth Fund Brings Government And Private Investment Together
Sovereign wealth funds have been multiplying in recent years, giving governments greater flexibility as to how they deploy their extra...
News
Investors’ Holdings Of Indian Stocks Top $1 Trillion
For the first time, Indian securities held under custody by foreign portfolio investors (FPIs) have exceeded the $1 trillion mark,...
Capital Raising & Corporate Finance
India: Tata Trusts Names New Chair
The board of Tata Trusts met in Mumbai on October 11 to name a successor to Ratan Tata, who had...
Capital Raising & Corporate Finance
CVS Health: Lynch Out, Joyner In
CVS Health surprised Wall Street with an unexpected change in corporate leadership last month when it named David Joyner its...
Economics, Policy & Regulation
New Ethiopian President Extends A Hand
Ethiopia has become the focus of attention in the turbulent Horn of Africa. Every political move in the ancient, landlocked...
Economics, Policy & Regulation
New President Emerges In Mozambique’s Flawed Election
Elections in Mozambique have been marred by irregularities, disputed results, accusations of fraud, violent unrest, and assassinations. The pattern persisted...
Transaction Banking
HSBC Simplifies Trade Finance For Chinese SMEs
HSBC announced at Sibos on Wednesday that it is expanding the trade financing solutions it offers to businesses trading on...
Transaction Banking
J.P. Morgan Mints ‘Always-On’ Clearing
J.P. Morgan has just announced a new global clearing offering, Wire365, that supports the complete range of global US dollar...
Technology
Banks Seek Ways To Manage Data Quality For AI Services
The use of AI in finance has been a hot topic at this year’s Sibos conference, as banks consider how...