Global Islamic Finance

News · Sep 08, 2022

Greece considers listing 30% stake in Athens airport

ATHENS (Reuters) -Greece is considering listing a 30% stake in Athens International Airport, a government official said on Wednesday, after a review of the owne..

News · Sep 08, 2022

UK’s finance minister sets out new economic approach to finance bosses

LONDON (Reuters) – Britain’s finance minister Kwasi Kwarteng said on Wednesday he had set out the new Prime Minister Liz Truss’s “pro-growth economic ap..

News · Sep 07, 2022

Russia’s largest lender Sberbank on track to profitability, says CEO

By Alexander Marrow VLADIVOSTOK, Russia (Reuters) -Russia’s top lender Sberbank is on track to profitability and expects positive results this year, CEO Germa..

News · Sep 07, 2022

Worst not over for EM currencies as U.S. dollar thunders on: Reuters poll

By Vuyani Ndaba and Vivek Mishra JOHANNESBURG/BENGALURU (Reuters) – Emerging market currencies will find it difficult to reclaim ground lost this year as rele..

News · Sep 07, 2022

China’s Tencent raises stake in ‘Assassin’s Creed’ maker Ubisoft

By Mathieu Rosemain, Tassilo Hummel and Julie Zhu PARIS/HONG KONG (Reuters) -Tencent Holdings Ltd is raising its stake in Ubisoft Entertainment SA in a deal tha..

News · Sep 07, 2022

Ireland to turn heat down in public buildings, shut empty office floors

DUBLIN (Reuters) – Ireland will turn the heating down in public buildings and ask public sector office employees to work on the same floor under energy-saving..

News · Sep 07, 2022

Transport operator Go-Ahead flags cyber security breach

LONDON (Reuters) – British transport operator Go-Ahead said that it had detected “unauthorised activity” on its network earlier in the week, adding that t..

News · Sep 07, 2022

Exclusive-Repsol agrees to sell Alberta oil assets to CPPIB backed-Teine Energy -sources

By Shariq Khan (Reuters) – Repsol SA has agreed to sell about 95,000 net acres (38,000 hectares) of oil and gas producing land in Alberta to Canada Pension Pl..

Companies · Sep 07, 2022

Ferragamo sales beat forecasts in H1 despite slowdown in China

MILAN (Reuters) -Revenues at Italian luxury group Salvatore Ferragamo topped market forecasts in the first half of the year despite a slight slowdown in the sec..

News · Sep 07, 2022

Europe power firms need 1.5 trillion euros in margin calls, Equinor says

By Marwa Rashad LONDON (Reuters) -European energy companies need at least 1.5 trillion euros ($1.5 trillion) to cover the cost of their exposure to soaring gas ..

News · Sep 07, 2022

Factbox-Europe’s travel disruption set to continue as summer ends

(Reuters) – Strikes and staff shortages have forced airlines to cancel thousands of flights to avoid hours-long queues at major airports, dashing hopes for a ..

News · Sep 06, 2022

Volkswagen’s Antlitz: no comment on valuation of Porsche listing

BERLIN (Reuters) – Volkswagen Chief Financial Officer Arno Antlitz would not comment on what the valuation of a Porsche listing would be, adding that he expec..

News · Sep 06, 2022

Norsk Hydro keeps some aluminium capacity offline due to weaker demand

OSLO (Reuters) – Norwegian aluminium maker Norsk Hydro is keeping a small portion of its capacity in Norway offline after maintenance due to a drop in demand ..

News · Sep 06, 2022

Binance to convert users’ USD Coin into its own stablecoin

By Shivani Tanna and Elizabeth Howcroft (Reuters) -Binance, the world’s largest crypto exchange, said on Monday it will automatically convert user balances an..

News · Sep 06, 2022

Siemens Energy to rejoin Germany’s blue-chip DAX, HelloFresh to exit

FRANKFURT (Reuters) – Germany’s Siemens Energy will rejoin the nation’s premier DAX stock index, while the meal-kit delivery service HelloFresh will get t..

Companies · Sep 06, 2022

Ireland fines Instagram a record $400 million over children’s data

DUBLIN (Reuters) -Ireland’s data privacy regulator has agreed to levy a record fine of 405 million euros ($402 million) against social network Instagram follo..

News · Sep 06, 2022

UniCredit sets out $8 billion aid package for Italy clients hit by surging prices

By Valentina Za MILAN (Reuters) -Italy’s second-biggest bank, UniCredit, on Monday unveiled a set of measures worth up to 8 billion euros ($8 billion) to ease..

News · Sep 06, 2022

Risk of UK balance of payments crisis under Truss is rising, Deutsche Bank warns

LONDON (Reuters) – The risk of a UK balance of payment crisis “should not be underestimated” under a Liz Truss government, Deutsche Bank warned on Monday,..

News · Sep 06, 2022

Germany heading for recession despite new relief plan – economists

BERLIN (Reuters) – Germany, Europe’s largest economy, is still on course for a recession even with a new government plan to spend 65 billion euros ($64.49 b..

News · Sep 06, 2022

Saudi snitching app turns citizens into social media police

By Nazih Osseiran BEIRUT (Thomson Reuters Foundation) – A Saudi app that lets ordinary people “play the role of a police officer” may have alerted authori..

News · Sep 06, 2022

German new passenger car registrations up 3% in August – industry source

(Reuters) – German new passenger car registrations rose 3% in August to nearly 200,000 vehicles, an industry source said on Monday. From January to August, ne..

News · Sep 05, 2022

Norway on track for record gas export, will be ready for winter -Gassco CEO

By Nora Buli STAVANGER, Norway (Reuters) – Norway’s gas export system is set to deliver record volumes of energy to Europe and is committed to sending large..

News · Sep 05, 2022

Euro zone business activity contracted again in August -PMI

LONDON (Reuters) – Euro zone business activity contracted for a second month in August as demand sank, with customers wary of the deepening cost of living cri..

News · Sep 05, 2022

Yamal-Europe eastward gas flows resume as Nord Stream lays idle

(Reuters) -Eastbound natural gas flows via the Yamal-Europe pipeline to Poland from Germany resumed on Sunday, pipeline operator data showed on Monday, while No..

News · Sep 05, 2022

TF1 to take action against Vivendi’s Canal+ over decision to stop airing its programmes

PARIS (Reuters) -French television group TF1 will take action against Vivendi’s pay TV unit Canal+ over a decision to no longer air TF1’s television channel..

News · Sep 05, 2022

Myanmar junta chief makes another visit to Russia

(Reuters) – Myanmar’s junta leader was on a visit to Russia on Monday, his second trip there in less than two months, as Myanmar’s ruling military tries t..

News · Sep 05, 2022

Factbox-Government measures to ease inflation pain

(Reuters) – Pandemic-related disruption to global supply chains and the knock-on effects of Russia’s war in Ukraine have combined to drive up prices of ener..

News · Sep 05, 2022

Czech interest rates already at high level, central bank governor says

PRAGUE (Reuters) – Czech interest rates are already at a high level that is dampening domestic demand pressures, central bank Governor Ales Michl said on Mond..

News · Sep 05, 2022

Evergrande winding-up lawsuit in Hong Kong adjourned to Nov 7

HONG KONG (Reuters) – Hong Kong’s High Court approved on Monday an application by China Evergrande Group and its major offshore credit group to adjourn a wi..

News · Sep 05, 2022

JPMorgan readies overseas retail expansion with German hiring spree

By Marta Orosz and Tom Sims FRANKFURT (Reuters) – JPMorgan plans to hire a team of retail bankers in Germany as the biggest U.S. lender prepares to expand its..

News · Sep 05, 2022

Analysis-Nickel meltdown puts spotlight on LME’s search powers

By Pratima Desai LONDON (Reuters) – Stung by an epic crisis in nickel trading, the London Metal Exchange is ushering in new rules to boost transparency. From ..

News · Sep 05, 2022

Asia shares ease, euro slugged by energy crisis

By Wayne Cole SYDNEY (Reuters) – Asian shares slipped on Monday while the euro took a fresh spill after Russia shut a major gas pipeline to Europe, leading so..

News · Sep 05, 2022

Soccer-Rashford, Antony score as Man United end Arsenal’s 100% start

By Simon Evans MANCHESTER, England (Reuters) -Marcus Rashford struck twice as Manchester United made it four wins in a row and ended Arsenal’s perfect start t..

News · Sep 02, 2022

MIDLANDS’ OLDER GENERATION SPLURGE ON FINANCIAL GIFTS TO HELP LOVED ONES

Several in their golden years are not prepared for inheritance tax As the cost of living continues to rise, over-50s in the Midlands say they are giving money..

News · Sep 02, 2022

Exclusive-Embattled Credit Suisse aims to launch China wealth business next year

By Anshuman Daga SINGAPORE (Reuters) – Credit Suisse, which has been buffeted by a string of scandals, management changes and global strategy rejigs, is still..

News · Sep 02, 2022

WhatsApp bans 2.4 million Indian accounts in July – monthly report

BENGALURU (Reuters) – WhatsApp banned 2.39 million Indian accounts in July, the highest so far this year, the Meta-owned popular instant messaging app said la..

News · Sep 02, 2022

Starbucks taps head of Lysol maker Reckitt as its new CEO

NEW YORK (Reuters) -Starbucks Corp on Thursday named Laxman Narasimhan as its next chief executive officer, choosing an executive credited with revitalizing the..