SocGen hikes profitability target in new strategic plan Published 21 Sep, 2026 11:40am Revenues across the bank are forecast to rise by an annual average of around 3%
European shares rise as French stocks rebound Published 29 Aug, 2026 05:25am FRANKFURT: European shares rose on Friday, as French stocks rebounded from the previous session’s selloff, while...
STOXX 600 slides as France’s election risks rattle investors Published 28 Aug, 2026 05:28am FRANKFURT: European shares had their worst day in a month, with French blue-chip stocks sliding to a one-month low...
US dollar falls against euro Published 18 Aug, 2026 05:07am NEW YORK: The dollar fell against the euro on Monday as traders trimmed rate hike bets in the wake of softer US...
Dollar rises to 13-month high Published 24 Jun, 2026 05:52am NEW YORK: The US dollar rose to its highest level in more than a year on Tuesday as markets adjusted expectations...
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 ...