European credit hedge funds topped a most-wanted list of global hedge fund strategies in the second half of this year, according to a report by Barclays seen by Reuters on Friday.
India’s second-largest credit card issuer SBI Cards and Payment Services on Friday reported a slide in first-quarter profit as elevated credit costs and margin compression offset growth in revenue.
Two hedge funds have placed bets that bonds issued by life insurance company Lincoln National Corp will fall or that its default risk will increase, due to their concerns about the company’s commercial real estate (CRE) exposure.
Standard Chartered PLC upgraded its annual profit forecast on Friday and set a new $1 billion share buyback after the best half-yearly performance in nearly a decade, as rising rates and a record financial markets business boosted the lender’s margins.
A deadly earthquake in Turkey and Syria as well as tornadoes and hailstorms in the United States contributed to losses covered by insurance of $43 billion in the first half of 2023, Munich Re said in a report released on Thursday.
JPMorgan’s analysts said on Friday they were maintaining the investment bank’s “bearish view” on the Japanese yen after Friday’s move by the Bank of Japan (BOJ) to make its key yield curve control policy more flexible.
BBVA’s second-quarter net profit rose 24% against the same period last year on higher lending income in Mexico, its main market, and Spain, a trend the lender expects to continue this year, offsetting some weakness in Turkey.
European Central Bank rate setters will head into upcoming meetings with open minds and their decisions will be guided entirely by incoming economic data, ECB policymaker Francois Villeroy de Galhau said on Friday.
BPEA EQT, the Asian private equity arm of Swedish investment firm EQT , has completed the merger of its Hong Kong-based business services firms Vistra and Tricor, valuing the combined entity at $6.5 billion including debt, EQT said Friday.
Ben Bernanke, who chaired the U.S. Federal Reserve during the global financial crisis, will lead a review of the Bank of England’s forecasting processes, the British central bank said on Friday.
