Finance

Bank of England to buy UK bonds to avert financial risk

Bank of England to buy UK bonds to avert financial risk

LONDON (AP) — The Bank of England said Wednesday that it will launch a temporary government bond-buying program to stave off “material risk to UK financial stability” after unfunded government tax cuts spooked markets and sent the British pound tumbl. LONDON (AP) — The Bank of England said Wednesday that it will launch a temporary …

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Shell acquires Nigerian renewables group in first African power deal

Shell acquires Nigerian renewables group in first African power deal

Shell has made its first power sector acquisition in Africa with the purchase of a Nigerian renewable energy provider, as the oil major seeks to build out a green energy business that will eventually reduce its dependence on fossil fuels. Daystar Power, which operates in Nigeria, Ghana and three other countries across west Africa, provides …

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JPMorgan’s digital bank Chase UK hits 1mn customers

JPMorgan’s digital bank Chase UK hits 1mn customers

JPMorgan’s UK digital bank has attracted more than 1mn customers and above £10bn in deposits in the first year of its attempt to crack the country’s retail market and take on Wall Street rival Goldman Sachs’s app Marcus. JPMorgan launched Chase UK in September last year, marking the US company’s first foray into retail banking …

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Baikowski: 2022 First Half Financial Results: Strong Growth of Main Markets

Baikowski: 2022 First Half Financial Results: Strong Growth of Main Markets

PARIS–(BUSINESS WIRE)–Regulatory News: “Baikowski® (Paris:ALBKK) posted a strong increase in activity in the first half of 2022. This performance is the result of the good positioning of the Group’s products in buoyant markets. Although at a good level, the Group’s profitability in the first half of 2022 is down in a particularly strong inflationary context …

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Pakistan finance minister vows to tame inflation, cut interest rates

Pakistan finance minister vows to tame inflation, cut interest rates

Pakistan to tame inflation, interest rates -minister Says no one will be ‘allowed to play’ with currency market Sees Pakistan’s rupee currency is undervalued Currency and stock markets respond positively ISLAMABAD, Sept 28 (Reuters) – Pakistan’s new finance minister, Ishaq Dar, will work to rein in inflation and cut interest rates, he said on Wednesday, …

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Woodside wants financial help to cut emissions, meet safeguard mechanism requirements

Woodside wants financial help to cut emissions, meet safeguard mechanism requirements

“Woodside prefers that protection from the international competitive effects of the scheme should be in the form of economic support for the cost of reducing emissions, instead of a waiver from reducing emissions through provision of [safeguard mechanism credits] or differential tax treatment. This is aligned with the twin purposes of achieving emissions reductions whilst …

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How low markets will go?

How low markets will go?

In their latest market commentary, BlackRock Investment analysts warn that central banks, including the Fed, are underestimating the amount of economic pain needed to quickly subdue inflation. “This all implies a clear sequence: overtighten policy first, significant economic damage second and then signs of inflation easing only many months later.” BlackRock warns that share markets …

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Private equity’s rising stars gather for exclusive Mayfair dinner as Financial News celebrates sector’s top talent.

Private equity’s rising stars gather for exclusive Mayfair dinner as Financial News celebrates sector’s top talent.

The next generation of private equity leaders gathered at an exclusive Mayfair dinner on 27 September to celebrate the very best of the sector’s up-and-coming talent. To recognize the achievements of those who made our Rising Stars of Private Equity 2022 list, Financial News and sister title Private Equity News hosted a private dinner at …

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