The Association of Mutual Funds in India (AMFI) an industry body for asset managers, on Tuesday asked members to moderate inflows into small and mid-cap funds and protect investors from large outflows, after strong inflows raised concerns of a potential crash.
Polish lender Alior Bank said on Wednesday it planned to earmark 570 million zlotys ($143.29 million) for its first-ever dividend payout, after its annual net profit nearly tripled.
India’s Tata Capital is looking at overseas fundraising for the very first time and hopes to raise around $750 million via offshore bonds or loans in the next fiscal year starting in April, a senior company official told Reuters on Wednesday.
Russia’s largest lender Sberbank reported a record annual profit of 1.5 trillion roubles ($16.3 billion) for 2023, a more than five-fold increase on the previous year as Russia’s banking sector recovered from the impact of financial sanctions.
French payments company Worldline plunged to a full-year net loss after it took a 1.15 billion euros ($1.25 billion) impairment in its merchant services division and signalled a weak outlook, sending its shares down 15% on Wednesday.
Brazilian financial services provider XP Inc. posted on Tuesday a 33% rise in net profit for the fourth quarter, with its fixed income segment and stronger debt dealmaking pushing its revenue higher.
International Monetary Fund chief Kristalina Georgieva said on Tuesday she wants to shine a spotlight on the timelines and predictability of debt restructuring processes at the next meeting of the Global Sovereign Debt Roundtable in April.
Pinnacle West Capital posted a smaller loss in the fourth quarter on Tuesday, as the utility firm got a boost from lower operating expenses and fuel prices.
German prosecutors confirmed for the first time on Tuesday that they were conducting money laundering investigations into the former head of Lebanon’s central bank and had issued an arrest warrant for him.
JPMorgan Chase CFO Jeremy Barnum said he expects trading revenue to decline by 5% to 10% in the first quarter compared with a strong quarter in the previous year.
