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News

08 Nov UPDATE 2-“No need to panic”: Lebanon banking body tells depositors as protests continue

Posted at 19:47h in News by KMFSLLP 0 Comments

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Lebanese bank deposits are safe and there is no need to panic, the head of the banking association said on Saturday, seeking to calm nerves about restrictions on some withdrawals imposed after nationwide protests.

08 Nov Conservative party’s treatment of business leaves me aghast

Posted at 18:00h in News by KMFSLLP 0 Comments

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The party I joined at 17 has hung businesses out to dry since the 2016 referendum

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08 Nov Lebanese banking association head says depositors’ money is safe, no need for panic

Posted at 16:37h in News by KMFSLLP 0 Comments

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Lebanese depositors' money is safe in the banks and there is no need for panic, Salim Sfeir, the head of the Association of Banks in Lebanon, said in a press conference on Saturday.

08 Nov Saudi Aramco targets sale of 0.5% of oil firm to retail investors in IPO -sources

Posted at 14:46h in News by KMFSLLP 0 Comments

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Saudi Aramco is looking to sell up to 0.5% of the state oil giant to retail investors in its planned initial public offering (IPO), three sources familiar with the matter told Reuters.

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08 Nov AXA expects to book $3.1 bln gain from EQH exit

Posted at 11:44h in News by KMFSLLP 0 Comments

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French insurer AXA said it expected to book net proceeds of $3.1 billion from the sale of a 29% stake in AXA Equitable Holdings (EQH) as it exits its U.S. life insurance business.

08 Nov Asset management: how safe is your job?

Posted at 11:00h in News by KMFSLLP 0 Comments

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Fresh opportunities are on the horizon with ESG but also several traditional roles are at risk

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08 Nov Givaudan buys U.S. flavour and fragrance maker Ungerer

Posted at 10:41h in News by KMFSLLP 0 Comments

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Swiss flavour and fragrance maker Givaudan said it was buying U.S. Ungerer & Company for an undisclosed sum as part of its long-term growth strategy.

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08 Nov UPDATE 1-Alibaba hires more banks on up to $15 bln listing -sources

Posted at 09:42h in News by KMFSLLP 0 Comments

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Alibaba has extended its investment banking syndicate as it works towards a $10 billion to $15 billion listing in Hong Kong at the end of the month, according to three sources with direct knowledge of the matter.