Mirova exits Philippine debt after flood-control bribery probe
Mirova exits Philippine debt after a corruption probe into flood-control projects, selling all holdings to protect its green fund's ESG credentials.
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2 min read
Finance — Page 8
Latest in Finance
Deutsche Bank Q1 profit €1.8bn as 2025 revenue target 'in sight'
Deutsche Bank posted Q1 profit €1.8bn on €8.5bn revenue, took €130m in loan provisions and kept its c.€32bn 2025 revenue target amid tariff uncertainty.
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2 min read
UAE to leave OPEC on 1 May, weakening the cartel and raising oil risks
UAE leaves OPEC on 1 May 2026; Abu Dhabi will expand output and invest domestically. The exit weakens OPEC unity and raises oil supply and shipping risks.
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2 min read
China names third agriculture party chief in six years
China replaces agriculture chief: Zhang Zhu named party head on 28 April, the second leadership change in two years as Beijing focuses on food security.
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2 min read
Swiss talks aim to shave $10bn from UBS's $26bn capital demand
Swiss talks aim to trim about $10bn from a government plan forcing UBS to raise up to $26bn in extra capital, easing immediate burden while preserving financial stability.
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3 min read
UAE reroutes up to 1.8m b/d to Fujairah after Strait of Hormuz closure
UAE reroutes 1.8m b/d to Fujairah via ADCOP after the Strait of Hormuz closure, altering Gulf crude flows, squeezing revenues and raising security concerns.
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2 min read
How GCC–Africa ties are boosting Egypt's trade role
GCC–Africa ties are reshaping Egypt's trade role: Gulf capital, African resources and improved cross‑border payments could boost Egyptian ports, logistics and trade finance.
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2 min read
Why Spotify has no AI-music filter — a royalties and metadata problem
Why Spotify has no AI-music filter: tracks come via labels and distributors and royalties are paid from a pooled pot, so a reliable user toggle is impractical.
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1 min read
China's $107bn hedging surge as yuan squeezes exporters
Chinese firms placed a record $107bn of forward contracts in February as a stronger yuan erodes dollar export proceeds, prompting banks and regulators to boost yuan hedging.
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2 min read
FTSE futures dip as pound weakens ahead of BP, Barclays
FTSE 100 futures fell as the pound weakened and investors awaited BP and Barclays results amid hotter-than-expected inflation and volatile commodities.
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2 min read
GM Q1 preview: Wall Street sees $2.62 EPS, $43.7bn revenue
Wall Street expects GM to report Q1 adjusted EPS of $2.62 and revenue of $43.68bn. Markets will watch 2026 guidance, EV charges, margins and capex.
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3 min read
Beijing Auto Show: 100+ debuts sharpen EV and premium SUV race
More than 100 debuts at the Beijing Auto Show highlight Chinese and global automakers pushing into premium SUVs and EVs, mixing pure-electric and extended-range options.
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2 min read
Bank of Japan holds rates as three dissenters call for hike; yen strengthens
Bank of Japan held the short-term rate at 0.75% while three board members sought 1.0%. A hawkish tone and energy-driven inflation fears strengthened the yen.
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2 min read
Trader error costing €50.8m pushed Finnish day‑ahead power to -€500/MWh
A trader's mistaken bid at Kinect Energy Sweden pushed Finland's day-ahead prices to -€500/MWh on 24 Nov; Fingrid and regulators opened an investigation.
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2 min read
Emirates NBD to issue first Middle East AT1 since Iran hostilities began
Emirates NBD plans to sell an AT1 bond — the first Middle Eastern AT1 since Iran hostilities — a test of investor appetite for Gulf bank subordinated debt.
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2 min read
JSW Motors readies 500,000‑unit capacity and dealer network
JSW Motors is building a 500,000-unit plant and dealer network for a late-2026 launch, and has teamed with Tata Elxsi to create a Pune software hub.
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2 min read
Apollo to buy FORVIA Interiors for €1.82bn
Apollo-managed funds will buy FORVIA's Interiors business for €1.82bn, valuing it at 3.1x 2025 adjusted EBITDA and cutting FORVIA's net debt by at least €1bn.
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2 min read
FTSE 100 slips as Brent tops $100 amid Iran standoff
FTSE 100 slipped as Brent topped $100 after Iran tightened control of the Strait of Hormuz; higher oil and profit warnings hit travel and packaging stocks.
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2 min read
Five major central banks expected to hold rates this week
Five major central banks — the Fed, BoJ, BoC, BoE and ECB — are expected to hold rates this week as markets weigh energy costs and mixed domestic data.
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3 min read
RBI to require 70% reporting of offshore rupee trades
RBI will require banks to report at least 70% of offshore rupee derivative trades from February 2027 to improve price discovery and curb volatile positions.
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2 min read
DeepSeek V4: 1.6T model cuts costs but shows mixed results
DeepSeek V4, an open-source LLM in 1.6T and 284B sizes, cuts inference costs and serves agent tasks; tests show mixed results on code and reasoning.
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2 min read
PBOC injects 1tn yuan in three-month outright reverse repo with one-day notice
PBOC reverse repo: The central bank injected 1tn yuan in a three-month outright reverse repo to ease banks' funding costs and lift long-dated futures.
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Ryanair to close Berlin base after German tax rise
Ryanair will close its Berlin base after Germany raised its aviation tax, affecting staff, routes and low-cost travel between the UK and Germany.
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2 min read
Prizewinning Crown Wharf charges pints below national average
Visitor reports show prizewinning Crown Wharf in Stone sells pints below the national average; local sourcing and brewery links explain its lower prices.
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2 min read
Chornobyl 40: Liquidators return to exclusion zone
Surviving liquidators from the 1986 Chornobyl disaster revisited the exclusion zone this week, recalling the risks they faced and changes to access.
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3 min read