FDI in Pakistan: some misconceptions Published 02 May, 2026 06:16am The writer of this article has spent over 40 years in the accounting firm that, at one time, was almost the sole...
Asian FX slide towards weekly losses Published 27 Apr, 2026 04:21am BENGALURU: Most Asian currencies were set for weekly losses on Friday, with the Philippine peso drifting to its...
Emerging economies’ record debt spree slumps into a freeze as war rocks markets Published 28 Mar, 2026 04:28am LONDON: A record start to the year for emerging-market debt sales has largely ground to a halt as worries over the...
European shares rise as banks, healthcare rally; investors weigh geopolitics, AI impact Published 18 Feb, 2026 05:55am FRANKFURT: European shares closed higher on Tuesday as financials and healthcare stocks led the market rally, while...
Societe Generale to cut 1,800 jobs in France Published 22 Jan, 2026 01:34pm The job cuts are expected to happen throughout 2026 and 2027, Societe Generale said in a press release
Dollar falls broadly; euro, sterling recovers Published 20 Jan, 2026 06:03am LONDON: The dollar dipped on Monday as investors flocked to safe havens like the Swiss franc, after US President...
Gold cracks USD4,600/oz as Fed uncertainty fans safe-haven rush Published 13 Jan, 2026 05:36am NEW YORK: Gold hit a record above USD4,600 per ounce on Monday and silver reached a fresh peak as investors piled...
SocGen profit jumps 11pc as CEO steps up cost-cutting drive Published 31 Oct, 2025 06:22am PARIS: Societe Generale reported a forecast-beating 11 percent jump in third-quarter profit on Thursday, as CEO...
SocGen lifts targets after French retail rebounds sharply Published 31 Jul, 2025 11:16am PARIS: Societe Generale, France’s third-largest listed bank, raised its annual profit target on Thursday after a...
Societe Generale becomes first major bank to launch dollar-pegged stablecoin Published 10 Jun, 2025 05:39pm PARIS: France’s Societe Generale said on Tuesday it plans to launch a publicly tradable, dollar-backed stablecoin...
Indian rupee poised for some relief on softer dollar, portfolio flows Published 25 Nov, 2024 10:53am MUMBAI: The Indian rupee may log mild gains on Monday helped by a pullback in the US dollar and portfolio inflows on...
Indian rupee to gauge trimmed bets of jumbo Fed cut; US inflation data in focus Published 27 Sep, 2024 10:49am MUMBAI: The Indian rupee is likely to open little changed on Friday as traders gauge the pullback in odds of another...
Societe Generale to sell a majority stake in Guinean unit Published 20 Sep, 2024 02:06pm French bank Societe Generale said on Friday it had reached a deal with Atlantic Financial Group for the sale of a...
Societe Generale to sell two units to Swiss bank UBP for 900mn euros Published 05 Aug, 2024 11:43am PARIS: French banking giant Societe Generale said Monday it was selling two subsidiaries – one in Britain and the...
France’s Societe Generale to buy 75% stake in energy-focused investment firm Reed Management Published 31 Jul, 2024 12:16pm PARIS: French bank Societe Generale said on Wednesday it had agreed to buy a 75% stake in Reed Management, an...
French bank Societe Generale to cut 900 jobs Published 05 Feb, 2024 01:52pm PARIS: French banking group Societe Generale announced plans on Monday to slash around 900 jobs at its head office...
Putin clears Rosbank’s purchase of Societe Generale’s Russian assets Published 25 Dec, 2023 05:42am MOSCOW: Russian President Vladimir Putin on Sunday signed a decree clearing the way for Rosbank to purchase stakes ...
SocGen’s new boss vows to cut costs to boost profits by 2026 Published 18 Sep, 2023 12:16pm LONDON: Societe Generale’s new CEO pledged on Monday to cut costs to boost profits by 2026, in a keenly-awaited plan...
Russian gold shipments to the UAE, China and Turkiye Published 25 May, 2023 01:12pm LONDON: The United Arab Emirates has become a key trade hub for Russian gold since Western sanctions over Ukraine...
SocGen pulled out of NextDecade LNG project Published 30 Mar, 2023 06:35am PARIS: Societe Generale pulled out of Texas-based energy company NextDecade’s Rio Grande Liquefied Natural Gas...
Global bank shares sink over US fears Published 10 Mar, 2023 03:31pm PARIS: The world’s biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender...
US yields rise as interest rates seen moving higher Published 17 Oct, 2022 05:57am NEW YORK: Treasury yields on Friday edged higher after a red-hot US inflation report the prior day raised market...
SocGen posts better than expected Q2 loss after Russia sale Published 03 Aug, 2022 10:08am PARIS: French bank Societe Generale posted a better-than-expected loss of 1.48 billion euros ($1.51 billion) in the...
Sterling steadies but declines against dollar Published 16 May, 2022 05:42am LONDON: Britain’s pound steadied against the dollar on Friday, although it was set for a fourth consecutive week ...
Turkish lira hits weakest level since mid-December Published 10 May, 2022 05:10am ISTANBUL: The Turkish lira slipped 0.8% on Monday and broke beyond 15 to the dollar for the first time since ...
SocGen boosts income but costs of Ukraine war rise Published 09 May, 2022 05:39am PARIS: French lender Societe Generale beat first-quarter earnings expectations on Thursday but booked higher...
French bank Societe Generale to sell Russia unit to oligarch Published 12 Apr, 2022 05:17am PARIS: French banking group Societe Generale said Monday it was ceasing activities in Russia and selling its Rosbank...
Nike, IKEA close Russian stores as sanctions, trade restrictions bite Published 04 Mar, 2022 04:11pm Sneaker maker Nike and home furnishings firm IKEA shut down stores in Russia on Thursday, as trade restrictions and...
SocGen could be stripped of Russia arm in 'extreme scenario' Published 03 Mar, 2022 02:17pm PARIS/FRANKFURT: Societe Generale can see an "extreme scenario" where Russia strips the bank of its local ...
French bank SocGen's ALD car leasing unit to buy LeasePlan for 4.9bn euros Published 06 Jan, 2022 12:35pm PARIS: French bank Societe Generale said its car leasing division ALD had agreed to buy the company Lease Plan for...