Lula Cuts Car Taxes in Bid to Revive Brazil’s Ailing Auto Sector
President Luiz Inacio Lula da Silva rolled out a series of tax breaks to make low-priced vehicles more
2023-05-26 02:47
CIBC Tops Estimates as Rates Boost Lending Profit Margins
Canadian Imperial Bank of Commerce reported an increase in its profit margin from loans in the fiscal second
2023-05-26 02:45
One of Britain's Only Female Bank Bosses Is Stepping Down
Starling Bank founder Anne Boden is stepping aside as chief executive officer, saying the move is to avoid
2023-05-25 22:23
Citi’s $7 Billion Banamex Sale Scuttled as AMLO Intervenes
Citigroup Inc. spent 16 months preparing its Banamex unit for a sale that ultimately fizzled after meddling by
2023-05-25 19:49
Wanda in Talks to Refinance $275 Million Private Debt Facility
Chinese conglomerate Dalian Wanda Group Co. is in discussions with lenders to refinance a $275 million private debt
2023-05-25 17:23
Europe’s Banks Say They’re Back. So Why Doesn’t Anyone Buy Their Shares?
PacWest Bancorp lost $1 billion in one quarter, saw its stock drop 89% in two months, and has
2023-05-25 17:22
Mozambique Ex-Finance Chief Faces US Trial in Tuna-Bond Case
Mozambique’s former Finance Minister, Manuel Chang, is set to face charges in the US over his role in
2023-05-25 16:27
Turkey Asked Banks to Buy Eurobonds to Support Default Swaps
Turkey’s central bank asked some local lenders this week to step in and buy the country’s dollar bonds,
2023-05-25 14:24
RBI May Need to Buy $18 Billion of Bonds to Add Cash, ICICI Says
India’s central bank may buy as much as 1.5 trillion rupees ($18 billion) of government bonds to replenish
2023-05-25 13:48
Argentina to Restrict FX Access for Oil Companies’ Imports
Argentina’s government will tighten access to the foreign exchange market for oil companies that need to import amid
2023-05-25 02:25
Chile Central Bank Tightens Credit Conditions, Citing Higher Global Risk
Chile’s central bank raised capital requirements on financial institutions, tightening credit conditions amid concern over the risk a
2023-05-25 00:56
Citi Drops $7 Billion Banamex Sale That Drew AMLO Scrutiny
Citigroup Inc. plans to sell shares of its Banamex unit in an initial public offering, ending talks for
2023-05-25 00:53