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EMEA

Sterling falls versus dollar

Sterling falls versus dollar

Published 09 Jul, 2022 03:57am
LONDON: Sterling fell against the dollar on Friday as an unfavourable macroeconomic backdrop overshadowed concerns...
Sterling falls 1pc

Sterling falls 1pc

Published 05 Nov, 2021 04:39am
LONDON: Sterling fell sharply on Thursday as the Bank of England left its main interest rate unchanged after ...
Deutsche Bank hires top Credit Suisse ECM banker Gruffat

Deutsche Bank hires top Credit Suisse ECM banker Gruffat

Published 20 May, 2021 09:14pm
  • Gruffat joins the German bank's equity capital markets for Europe, Middle East and Africa after over two decades at Credit Suisse, according to an internal memo seen by Reuters.
  • The ECM sector has been one of Credit Suisse's bright spots though, with its strong tech franchise in the United States helping keep it competitive with its Wall Street rivals.
Kone's shares drop more than 8pc after orders slip

Kone's shares drop more than 8pc after orders slip

Updated 28 Apr, 2021 07:37pm
  • The rise will pressure Kone to raise prices to offset a margin drag into 2022, Citi analysts said in a note.
  • Kone reported a rise in operating profit to 249.8 million euros ($301.53 million) from 197.2 million a year ago on sales of 2.3 billion euros following continued growth in China.
BMO to sell EMEA asset management unit for $870mn to focus on North America

BMO to sell EMEA asset management unit for $870mn to focus on North America

Published 12 Apr, 2021 08:59pm
  • Canada's fourth-largest lender will take a C$745 million write-down of goodwill after tax in the second quarter of fiscal 2021 as a result of the transaction, which is expected to close in the fourth quarter of calendar 2021, BMO said.
  • Concentrating on the North American market, and Canada in particular, is the right strategic decision.
Currencies muted as US inflation takes centrestage

Currencies muted as US inflation takes centrestage

Published 12 Apr, 2021 05:40pm
  • EMEA FX muted amid US inflation jitters.
  • Turkish inflation concerns rise ahead of rate decision.
  • MSCI EM stocks index tumbles.
  • Alibaba surges after shrugging off regulatory woes.
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