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Al Baraka eyes $300mn Tier 1 sukuk issue

  MANAMA / Reuters Al Baraka Banking Group is targeting the sale of capital-boosting sukuk worth $300 million in the first quarter of 2017, the chief executive of the Bahrain-based Islamic lender, with operations in over a dozen countries, said on Tuesday. “You’ll see issuance of sukuk in the first quarter of 2017 around $300 million, and we are talking ...

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HSBC unfazed as best emerging bonds hit by India rate shock

  Bloomberg Indian sovereign bonds will recover from their biggest loss in more than three years as benign cash conditions in the banking system spur demand for debt and policy makers return to cutting interest rates in early 2017, according to HSBC Holdings Plc. The benchmark 10-year yield jumped 21 basis points to 6.41% on Wednesday, the biggest increase since ...

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Samsung to create all-screen front for Galaxy S8 phones

  Bloomberg Samsung Electronics Co. will create an all-screen front for the Galaxy S8 smartphones coming out next year and scrap the physical home button, people with direct knowledge of the matter said. The bezel-less displays will provide more viewing real estate while a virtual home button will be buried in the glass in the lower section, the people said, ...

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