Reuters Global Investor
October 25th, 2022 12:04 PM
Vesttoo valuation more than triples to $1 billion after latest funding
Vesttoo valuation more than triples to $1 billion after latest funding
Vesttoo Ltd said on Tuesday its valuation has more than tripled to $1 billion after the insurance risk transfer platform secured $80 million in late-stage funding at a difficult time for private companies to raise capital.
Top Israeli bank chairman to speak at Saudi investment event
The chairman of Israel's Bank Leumi is due to speak at Saudi Arabia's flagship investment conference in Riyadh on Thursday, in the latest sign of a potential thawing in relations between the two countries.
EU to propose banks offer mandatory 'instant payments' in euros
Banks in the euro zone would be required to provide 'instant payments' in the single currency 24/7 under draft European Union rules seen by Reuters.
Euro zone banks see falling loan demand, tighter access to credit in Q4
Euro zone banks expect to tighten access to credit further in the fourth quarter and see a drop in loan demand as economic growth slows and interest rates rise, the European Central Bank said on Tuesday.
S.Korea should prioritise inflation control, IMF official says
South Korea's central bank, the Bank of Korea, should keep up efforts to prioritise inflation control, even as it faces a trade-off with growth, a senior official of the International Monetary Fund said on Tuesday.
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Decade of central bank largesse haunts taxpayers as losses loom
For more than a decade since the global financial crisis, central bankers pumped trillions of dollars of cheap money into the financial system to keep the economy afloat. Now that largesse is coming back to haunt them - and taxpayers.
UBS plans more share buybacks as wealth management shines
UBS struck a confident tone on Tuesday, reaffirming key financial targets and pledging more share buybacks next year, buoyed by higher interest rates and strong wealth management inflows.
HSBC makes surprise succession move as forecasts hit shares
HSBC named Georges Elhedery as its new chief financial officer on Tuesday in a surprise move that puts the former head of its investment bank in pole position to eventually succeed Noel Quinn as CEO.
China makes it easier for firms to borrow from overseas as yuan drops
China's central bank and foreign exchange regulator on Tuesday raised the cross-border macro prudential adjustment ratio for corporates and financial institutions, making it easier for domestic firms to raise funds from overseas markets.
Commodities key for diversifying portfolio risk, says Goldman
Commodities remain a key asset class for diversifying portfolio risk despite continued underperformance to their own fundamentals given a strong dollar, rising recession fears and declining liquidity, analysts at Goldman Sachs said.
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