Indian rupee poised for some relief on softer dollar, portfolio flows MUMBAI: The Indian rupee may log mild gains on Monday helped by a pullback in the US dollar and portfolio inflows on... Published 25 Nov, 2024 10:53am
Markets Indian rupee to gauge trimmed bets of jumbo Fed cut; US inflation data in focus MUMBAI: The Indian rupee is likely to open little changed on Friday as traders gauge the pullback in odds of another... Published 27 Sep, 2024 10:49am
Business & Finance Societe Generale to sell a majority stake in Guinean unit French bank Societe Generale said on Friday it had reached a deal with Atlantic Financial Group for the sale of a... Published 20 Sep, 2024 02:06pm
Business & Finance Societe Generale to sell two units to Swiss bank UBP for 900mn euros PARIS: French banking giant Societe Generale said Monday it was selling two subsidiaries – one in Britain and the... Published 05 Aug, 2024 11:43am
Business & Finance France’s Societe Generale to buy 75% stake in energy-focused investment firm Reed Management PARIS: French bank Societe Generale said on Wednesday it had agreed to buy a 75% stake in Reed Management, an... Published 31 Jul, 2024 12:16pm
Business & Finance French bank Societe Generale to cut 900 jobs PARIS: French banking group Societe Generale announced plans on Monday to slash around 900 jobs at its head office... Published 05 Feb, 2024 01:52pm
World Putin clears Rosbank’s purchase of Societe Generale’s Russian assets MOSCOW: Russian President Vladimir Putin on Sunday signed a decree clearing the way for Rosbank to purchase stakes ... Published 25 Dec, 2023 05:42am
Markets SocGen’s new boss vows to cut costs to boost profits by 2026 LONDON: Societe Generale’s new CEO pledged on Monday to cut costs to boost profits by 2026, in a keenly-awaited plan... Published 18 Sep, 2023 12:16pm
Markets Russian gold shipments to the UAE, China and Turkiye LONDON: The United Arab Emirates has become a key trade hub for Russian gold since Western sanctions over Ukraine... Published 25 May, 2023 01:12pm
Markets SocGen pulled out of NextDecade LNG project PARIS: Societe Generale pulled out of Texas-based energy company NextDecade’s Rio Grande Liquefied Natural Gas... Published 30 Mar, 2023 06:35am
Markets Global bank shares sink over US fears PARIS: The world’s biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender... Published 10 Mar, 2023 03:31pm
Markets US yields rise as interest rates seen moving higher NEW YORK: Treasury yields on Friday edged higher after a red-hot US inflation report the prior day raised market... Published 17 Oct, 2022 05:57am
Markets SocGen posts better than expected Q2 loss after Russia sale PARIS: French bank Societe Generale posted a better-than-expected loss of 1.48 billion euros ($1.51 billion) in the... Published 03 Aug, 2022 10:08am
Business & Finance Sterling steadies but declines against dollar LONDON: Britain’s pound steadied against the dollar on Friday, although it was set for a fourth consecutive week ... Published 16 May, 2022 05:42am
Business & Finance Turkish lira hits weakest level since mid-December ISTANBUL: The Turkish lira slipped 0.8% on Monday and broke beyond 15 to the dollar for the first time since ... Published 10 May, 2022 05:10am
Business & Finance SocGen boosts income but costs of Ukraine war rise PARIS: French lender Societe Generale beat first-quarter earnings expectations on Thursday but booked higher... Published 09 May, 2022 05:39am
Business & Finance French bank Societe Generale to sell Russia unit to oligarch PARIS: French banking group Societe Generale said Monday it was ceasing activities in Russia and selling its Rosbank... Published 12 Apr, 2022 05:17am
Life & Style Nike, IKEA close Russian stores as sanctions, trade restrictions bite Sneaker maker Nike and home furnishings firm IKEA shut down stores in Russia on Thursday, as trade restrictions and... Published 04 Mar, 2022 04:11pm
Markets SocGen could be stripped of Russia arm in 'extreme scenario' PARIS/FRANKFURT: Societe Generale can see an "extreme scenario" where Russia strips the bank of its local ... Published 03 Mar, 2022 02:17pm
Markets French bank SocGen's ALD car leasing unit to buy LeasePlan for 4.9bn euros PARIS: French bank Societe Generale said its car leasing division ALD had agreed to buy the company Lease Plan for... Published 06 Jan, 2022 12:35pm
Business & Finance Societe Generale profit nearly doubled in third quarter PARIS: French bank Societe Generale said Thursday it had booked an "excellent" third quarter when strong revenue ... Published 08 Nov, 2021 05:19am
Markets SocGen beats estimates in Q3, raises 2021 provision outlook PARIS: French bank Societe Generale posted on Thursday a better-than-expected third-quarter earnings on higher... Published 04 Nov, 2021 11:50am
Markets Turkey central bank likely to do 'irrational' 100-pt rate cut ISTANBUL: Turkey's central bank would likely cut its key rate by another 100 basis points on Thursday, after... Published 18 Oct, 2021 03:05pm
Markets French bank Societe Generale to cut 3,700 jobs, no forced redundancies PARIS: French bank Societe Generale said on Tuesday it will cut 3,700 jobs between 2023 and 2025 as it merges its... Published 12 Oct, 2021 11:13am
World Monte dei Paschi capital wiped out in EU banking stress test LONDON: All of Monte dei Paschi’s capital was wiped out in a European Union stress test of banks on Friday as the... Published 31 Jul, 2021 04:05am
Business & Finance Dollar strengthens in Europe LONDON: The dollar strengthened on Friday and was on track for a weekly gain as investors waited for US inflation... Published 29 May, 2021 03:59am
Markets European stocks near record high on strong AB Inbev, bank earnings Italy's No.2 bank UniCredit jumped 4.5% and French lender Societe Generale surged 6.1% after reporting higher-than-expected quarterly earnings. Published 06 May, 2021 02:45pm
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
Markets Yields rise after seven-year auction, before Fed statement Overnight repo rates were at one basis point on Tuesday. They traded as low as minus six basis points last month. Published 28 Apr, 2021 01:47pm
Markets Analysts cut gold forecasts as economic growth recovers BENGALURU: Analysts and traders have slashed their gold price forecasts, with many believing a return to last... Published 28 Apr, 2021 03:18am