Trends - Societe Generale - Business Recorder

Societe Generale

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

Markets

Dollar set for weekly loss as data, Fed cool bond market

"Markets (are) re-thinking the US dollar exceptionalism view," ANZ Bank analysts said in a note on Friday.

Published 09 Apr, 2021 09:34am

Markets

SocGen in talks with Amundi for 825mn euros sale of Lyxor

Amundi, for its part, said buying Lyxor would make it the leader in Europe in the field of exchange traded funds (ETFs).

Published 07 Apr, 2021 12:01pm

Business & Finance

SocGen in talks with Amundi, State Street over Lyxor fund arm sale

Lyxor is being valued at about half the 1 billion euro ($1.2 billion) it was targeting, with bidders only willing to offer about 400-500 million euros due to growth challenges and fallout from the coronavirus crisis, the sources said.
German asset manager DWS and US financial services firm Northern Trust were the latest to walk away, the sources said, speaking on condition of anonymity.

Published 26 Mar, 2021 09:53pm

Markets

Dollar drops to one-week low as inflation fears fade; ECB in focus

Dollar index at one-week low.
ECB expected to signal faster money printing.

Updated 11 Mar, 2021 10:03pm

Markets

Palm falls for third day on expectations of rising stockpile

Meanwhile, Dalian's most-active soyoil contract fell 1%, while its palm oil contract slipped 3.5%. Soyoil prices on the Chicago Board of Trade were down 1.1%.

Published 02 Mar, 2021 01:26pm

Opinion

Unpaid debt ravages profits at Europe’s big banks

Unpaid debt from pandemic-stricken borrowers has ravaged profits at Europe’s big banks and kick-started a debate...

Published 18 Feb, 2021 04:08am

Business & Finance

Societe Generale says expects Turkey interest rate cut in Q3

In its latest report, the bank also said it anticipated that the Turkish lira will reach 6.2 against the dollar by the end of the year. It currently stands at 6.9945.

Published 17 Feb, 2021 09:18pm

Markets

Palm oil snaps 5-day rally ahead of Lunar New Year holiday

Also weighing on prices, soyoil on the Chicago Board of Trade fell 0.3%.

Published 11 Feb, 2021 12:37pm

Markets

Credit Agricole's profit slumps 92.6% as one-offs weigh

"We are a highly provisioned group. This has been part of the group's culture for a very long time," Credit Agricole SA Chief Executive Officer Philippe Brassac told reporters.

Published 11 Feb, 2021 12:00pm

Markets

European shares gain

MILAN/FRANFURT: European shares rose on Wednesday as upbeat earnings reports from firms including SocGen helped ...

Published 11 Feb, 2021 04:34am

Business & Finance

Pandemic sends French bank SocGen into the red

SocGen swings to first full-year loss in 10 years
Predicts better 2021
Flags encouraging start to 2021 trading
Shares up 3.3%

Updated 11 Feb, 2021 12:29am

Markets

Societe Generale posts annual loss on virus hit

It posted a net profit of 862 million euros in the third quarter and 470 million euros in the fourth, although this was down almost 30 percent compared to a year earlier.

Published 10 Feb, 2021 01:07pm

Business & Finance

Top UAE bank FAB starts selling debut bonds in euros

It tightened by 20 bps from initial price guidance after receiving more than 1.45 billion euros.
Barclays, First Abu Dhabi Bank, JPMorgan , Societe Generale and Standard Chartered are arranging the debt sale, expected to launch later on Tuesday.

Published 09 Feb, 2021 05:42pm

Gainers
Losers
Leaders

Stock	Price
Reliance Ins. / May 18 Reliance Insurance Company Limited(RICL)	5.65 ▲ 1.00 (21.51%)
Bal.Glass / May 18 Balochistan Glass Limited(BGL)	6.55 ▲ 0.85 (14.91%)
Dewan Sugar / May 18 Dewan Sugar Mills Limited(DWSM)	2.22 ▲ 0.26 (13.27%)
Hala Enterprise / May 18 Hala Enterprises Limited(HAEL)	7.90 ▲ 0.89 (12.70%)
Gammon Pak / May 18 Gammon Pakistan Limited(GAMON)	6.75 ▲ 0.75 (12.50%)
HBL Invest Fund / May 18 HBL Investment Fund(HIFA)	2.25 ▲ 0.23 (11.39%)
Media Times Ltd / May 18 Media Times Limited(MDTL)	2.00 ▲ 0.19 (10.50%)
G3 Tech. / May 18 G3 Technologies Limited(GTECH)	9.94 ▲ 0.78 (8.52%)
Cordoba Logistics / May 18 Cordoba Logistics & Ventures Limited(CLVL)	13.55 ▲ 1.00 (7.97%)
Samin Textile / May 18 Samin Textiles Limited(SMTM)	5.19 ▲ 0.37 (7.68%)

Stock	Price
Elite Cap.Mod / May 18 First Elite Capital Modaraba(FECM)	2.56 ▲ -0.40 (-13.51%)
Quetta Textile / May 18 Quetta Textile Mills Limited(QUET)	8.61 ▲ -1.00 (-10.41%)
Unicap Modaraba / May 18 Unicap Modaraba(UCAPM)	1.70 ▲ -0.19 (-10.05%)
Kohinoor Power / May 18 Kohinoor Power Company Limited(KOHP)	3.57 ▲ -0.38 (-9.62%)
KASB Mod / May 18 KASB Modaraba(KASBM)	1.80 ▲ -0.19 (-9.55%)
Otsuka Pak / May 18 Otsuka Pakistan Limited(OTSU)	244.47 ▲ -19.82 (-7.50%)
Land Mark Spinning / May 18 Landmark Spinning Industries Limited(LMSM)	13.30 ▲ -1.06 (-7.38%)
Shield Corp. / May 18 Shield Corporation Limited(SCL)	251.00 ▲ -16.01 (-6.00%)
Sindh Modaraba / May 18 Sindh Modaraba(SINDM)	7.90 ▲ -0.50 (-5.95%)
JS Global Cap.XD / May 18 JS Global Capital Limited(JSGCL)	80.25 ▲ -4.75 (-5.59%)

Stock	Volume
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	22,669,500 ▼ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	19,232,871 ▼ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	16,163,000 ▼ 0.00
Ghani Glo Hol / May 18 Ghani Global Holdings Limited(GGL)	12,886,555 ▼ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	8,709,500 ▼ 0.00
TPL Properties / May 18 TPL Properties Limited(TPLP)	8,189,973 ▼ 0.00
G3 Tech. / May 18 G3 Technologies Limited(GTECH)	8,058,500 ▼ 0.00
Pak Elektron / May 18 Pak Elektron Limited(PAEL)	7,508,500 ▼ 0.00
Unity Foods Ltd / May 18 Unity Foods Limited(UNITY)	7,334,505 ▼ 0.00
Hum Network / May 18 Hum Network Limited(HUMNL)	6,023,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 18	196.20
USD PKR Interbank Buying / May 18	195.80
USD to Japanese Yen / May 18	129.21
USD to Swiss Franc / May 18	0.99
Pound Sterling to USD / May 18	1.25
Euro to USD / May 18	1.05
UK LIBOR % / May 18	0.82

Stock	Volume
S&P 500 / May 18	4008.85
India Sensex / May 18	54318.47
Tokyo Nikkei / May 18	26746.03
Nasdaq / May 18	11984.52
Hang Seng / May 18	20459.00
FTSE 100 / May 18	7518.35
Dow Jones / May 18	32654.59
Germany DAX 30 / May 18	14185.94
France CAC40 / May 18	6430.19

Item	Value
Crude Oil / May 18	113.16
Karachi Cotton Assoc. / May 18	21180.00
Gold 10 Grams / May 18	111400.00
Gold Spot / May 18	1811.74
Cotton / May 18	148.47

Societe Generale

Most Popular Articles