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BNP Paribas

Indian shares muted as financials offset metals; oil spike, US rate worries weigh

BENGALURU: Indian shares were flat on Wednesday, as a slide in financials after Bajaj Finance missed profit...

Published 18 Oct, 2023 10:17am

Markets

BNP Paribas upbeat on India bonds after JPMorgan inclusion, sees 10-year rally

MUMBAI: The recent addition of Indian government bonds to JPMorgan’s emerging market bond indexes has prompted BNP...

Published 28 Sep, 2023 05:53pm

Markets

China’s yuan inches higher, traders wary ahead of Jackson Hole

HONG KONG: China’s yuan inched higher against the dollar on Wednesday after the central bank set the daily fixing...

Published 23 Aug, 2023 09:31am

Business & Finance

Slower, but still strong US employment growth expected in July

WASHINGTON: US job growth likely slowed further in July, but retained enough momentum to shield the economy from a...

Published 04 Aug, 2023 10:03am

Markets

France’s BNP Paribas doubles profits in Q1 with Bank of the West sale

PARIS: BNP Paribas, the euro zone’s biggest bank, saw profit more than double in the first quarter from a year...

Published 03 May, 2023 10:58am

Business & Finance

Belgium to sell part of BNP Paribas stake for more than $2bn

PARIS: Belgium is preparing the sale of a third of its 7.8% equity stake in BNP Paribas, the euro-zone’s biggest...

Published 06 Mar, 2023 06:22am

Business & Finance

BNP Paribas posts record profit of 10.2bn euros

PARIS: French bank BNP Paribas posted Tuesday a record profit of 10.2 billion euros, the latest in a series of...

Published 13 Feb, 2023 05:57am

Markets

Nine global banks invest $45mn in carbon credit platform

LONDON: Nine global banks have invested a total of $45 million in a new platform to help scale up transactions of...

Published 08 Feb, 2023 12:16pm

Markets

BNP Paribas misses Q4 market expectations, raises 2025 targets

PARIS: BNP Paribas, the euro zone’s biggest lender, posted a lower-than-expected net profit in the fourth quarter,...

Published 07 Feb, 2023 12:19pm

Business & Finance

Gulf investors bid for India’s Adani Enterprises’ $2.5bn FPO

BENGALURU: Gulf investors International Holding Co PJSC and sovereign fund Abu Dhabi Investment Authority are among...

Published 25 Jan, 2023 01:58pm

Markets

BNP Paribas considers restructuring of consumer finance unit

French lender BNP Paribas SA said on Friday it had submitted ideas for an overhaul of its consumer finance...

Published 06 Jan, 2023 09:34pm

Markets

BOJ should amend policy statement to include scope for rate changes

TOKYO: The Bank of Japan should change a policy statement so it has more flexibility to adjust interest rates...

Published 13 Dec, 2022 10:49am

Markets

BNP Paribas profit tops forecast despite higher costs, debt markdown

PARIS: BNP Paribas, the euro zone’s biggest lender, posted a higher than expected net profit in the third quarter,...

Published 03 Nov, 2022 11:12am

Markets

Credit Suisse banking on restructure revamp

ZURICH: New Credit Suisse chief executive Ulrich Koerner, faced with trying to turn around the beleaguered bank...

Published 25 Oct, 2022 01:19pm

Opinion

Europe’s banks brace for bumpy ride after cheap money decade

Europe’s banks, facing a potential economic storm and a rise in borrowing costs for the first time in more than a...

Published 23 Jul, 2022 04:10am

Business & Finance

Food inflation pain puts emerging markets between rock and hard place

LONDON/ISTANBUL/CAIRO: Like for millions of people in developing and emerging market countries around the world,...

Published 17 May, 2022 11:20am

Opinion

Goldman, JPMorgan among banks left holding Russian stocks by sanctions switch

A decision last month by FTSE Russell and MSCI to remove Russian stocks from their indexes has left some of the...

Published 24 Apr, 2022 05:36am

Markets

French bank BNP Paribas has 3bn euro exposure to Russia, Ukraine

PARIS: French bank BNP Paribas said it had a total exposure of around 3 billion euros ($3.3 billion) to Russia and...

Published 09 Mar, 2022 01:15pm

Opinion

At the top of Europe’s banks, it’s still a man’s world

Women remain rare visitors to the highest echelons of European banks. The 25 biggest banks by assets have seen 22...

Published 09 Mar, 2022 06:44am

Markets

France's BNP beats expectations in Q4, sets new goals to 2025

PARIS: French lender BNP Paribas reported on Tuesday better-than-expected net income in the fourth quarter on lower...

Published 08 Feb, 2022 11:23am

Business & Finance

BNP Paribas sells US unit Bank of the West for $16.3bn

PARIS: French lending giant BNP Paribas said Monday it had sold its US retail and commercial banking arm Bank of the...

Published 27 Dec, 2021 06:45am

Business & Finance

Spain's Konecta hires JPMorgan, BNP Paribas to find buyer, Expansion says

MADRID: Spanish privately held call centre operator Grupo Konecta has hired investment banks JPMorgan and BNP ...

Published 22 Nov, 2021 01:04pm

Markets

Credit Agricole's Q2 profit doubles as state cushions COVID-19 pains

Like rivals, including Spain's BBVA and BNP Paribas which slashed provisions, the lender said its cost of risk - that reflects provisions against loan loss - was down 66.8%, while revenue rose by 18.8%

Published 05 Aug, 2021 12:02pm

Markets

BNP Paribas posts a profit rise on retail rebound and lower provisions

Revenue was up 0.9%, as a 9.5% rebound in retail banking offset a drop in earnings from corporate and investment banking

Published 30 Jul, 2021 11:37am

Markets

Rebound in trading boosts earnings at France's SocGen

Shares in SocGen have gained 38.5% since the beginning of the year after a 45% slump in 2020. Its share price has more than doubled since its lowest at 10.77 euros on Sept. 30.

Published 06 May, 2021 11:41am

Business & Finance

Barclays, BNP Paribas see equities bonanza outweigh fixed income slide

Barclays Q1 profit up 160%, BNPP up 38%.
Equities spike offsets fixed income decline.
Banks benefit from lower bad loan charges.
Barclays shares fall 6% on cost concerns.

Published 30 Apr, 2021 06:18pm

Markets

Qatar's Ooredoo hires banks for dollar bond issue

A 10-year bond issuance will follow, subject to market conditions.

Published 29 Mar, 2021 10:46am

World

UK stands pat on Brexit swaps trading as EU banks hurt

The FCA decided in December it would allow UK market participants to trade derivatives on platforms in the bloc to avoid a rupture in EU business, even though the EU has banned EU market participants from using London platforms.
As flagged by Reuters earlier this month, the FCA has made no change to its stance.

Published 24 Mar, 2021 10:00pm

Markets

Indian shares edge up in volatile trade; Future Group firms slide

Among individual stocks, Future Group companies, including Future Retail and Future Consumer, dropped nearly 10% each.

Published 19 Mar, 2021 11:11am

Markets

France's BNP seen as favourite to invest in Orange Bank

Orange is willing to give up control of its banking unit, BFM Business reported.

Published 18 Mar, 2021 12:40pm

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Dec 8 First Elite Capital Modaraba(FECM)	5 ▲ 1.00 (25.00%)
Chakwal Spinning / Dec 8 Chakwal Spinning Mills Limited(CWSM)	2.44 ▲ 0.40 (19.61%)
Punjab Mod / Dec 8 First Punjab Modaraba(FPJM)	1.98 ▲ 0.27 (15.79%)
Saritow Spinning / Dec 8 Saritow Spinning Mills Limited(SSML)	8.35 ▲ 1.00 (13.61%)
Jubilee Spinning / Dec 8 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.80 ▲ 1.00 (12.82%)
F.Treet Manuf / Dec 8 First Treet Manufacturing Modaraba(FTMM)	4.60 ▲ 0.50 (12.20%)
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	4.45 ▲ 0.48 (12.09%)
Samba Bank / Dec 8 Samba Bank Limited(SBL)	9.35 ▲ 1.00 (11.98%)
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	9.72 ▲ 1.00 (11.47%)
Dewan Textile / Dec 8 Dewan Textile Mills Limited(DWTM)	4.75 ▲ 0.47 (10.98%)

Stock	Price
Sec. Inv. Bank / Dec 8 Security Investment Bank Limited(SIBL)	5.74 ▼ -1.00 (-14.84%)
Tri-Star Mutual / Dec 8 Tri-Star Mutual Fund Limited(TSMF)	5.05 ▼ -0.49 (-8.84%)
Supernet Ltd. / Dec 8 Supernet Limited(GEMSPNL)	12.90 ▼ -1.05 (-7.53%)
Universal Network (GEM) / Dec 8 Universal Network Systems Limited (GEM)(GEMUNSL)	23.53 ▼ -1.91 (-7.51%)
Leather Up Ltd. / Dec 8 Leather Up Limited(LEUL)	10.54 ▼ -0.81 (-7.14%)
Trust Mod. / Dec 8 Trust Modaraba(TRSM)	2 ▼ -0.15 (-6.98%)
LSE Propetech / Dec 8 LSE Propetech Limited(LSEPL)	4.46 ▼ -0.33 (-6.89%)
Ismail Ind. / Dec 8 Ismail Industries Limited(ISIL)	1300 ▼ -95.00 (-6.81%)
Kohat Textile / Dec 8 Kohat Textile Mills Limited(KOHTM)	18.31 ▼ -1.19 (-6.10%)
Hoechst Pak. / Dec 8 Hoechst Pakistan Limited(HPL)	1200 ▼ -77.00 (-6.03%)

Stock	Volume
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	341,598,066 ▲ 0.48
Cnergyico PK / Dec 8 Cnergyico PK Limited(CNERGY)	98,899,853 ▲ 0.02
WorldCall Telecom / Dec 8 Worldcall Telecom Limited(WTL)	97,311,739 ▲ 0.04
Hascol Petrol / Dec 8 Hascol Petroleum Limited(HASCOL)	60,506,500 ▲ 0.27
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	57,212,000 ▲ 1.00
Kohinoor Spining / Dec 8 Kohinoor Spinning Mills Limited(KOSM)	56,298,000 ▲ 0.42
Fauji Foods Ltd / Dec 8 Fauji Foods Limited(FFL)	47,608,697 ▲ 0.96
Pak Elektron / Dec 8 Pak Elektron Limited(PAEL)	42,544,241 ▲ 1.23
Hum Network / Dec 8 Hum Network Limited(HUMNL)	40,175,500 ▲ 0.07
TPL Properties / Dec 8 TPL Properties Limited(TPLP)	36,065,929 ▲ 0.08

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	143.72
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.26
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 7	5.48

Stock	Volume
S&P 500 / Dec 7	4585.59
Nasdaq / Dec 7	14340
Dow Jones / Dec 7	36117.38
India Sensex / Dec 8	69810.76
Tokyo Nikkei / Dec 8	32305.33
Hang Seng / Dec 8	16275.13
FTSE 100 / Dec 8	7514.73
Germany DAX 30 / Dec 8	16654.79
France CAC40 / Dec 8	7458.02

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 7	17235
Gold 10 Grams PKR / Dec 7	187671
Crude Oil USD/Barrel / Dec 8	70.35
Gold Spot USD/Ounce / Dec 8	2031.22
Cotton US¢/pound / Dec 8	82.72

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