Friday , 2 January 2026

Recent Posts

IMF warns of profit slump at Indian banks amid bad loans

  Bloomberg India’s banking system is among those most vulnerable to profit declines as loan growth slows and soured debt rises, the International Monetary Fund said. The ability of Indian companies to service debt is the lowest among 19 emerging-market nations tracked by the IMF, according to figures in its semi-annual report on financial stability. The study showed that the …

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Brazilian bank strike reaches 1 month

  AP Union leaders expressed confidence an agreement with Brazilian banks could be reached in the next few days to end a nationwide strike that has closed more than half the bank branches in Latin America’s biggest country. Roberto von der Osten, president of the National Confederation of Bank Workers, said the strike demanding a nearly 15 percent pay raise …

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Pakistan to issue $1bn sukuk bond

  Reuters Pakistan will issue a $1 billion sukuk bond within hours, the finance ministry said, returning to the international U.S. dollar sukuk market after a two-year absence. The ministry said roadshows in Dubai, London, Boston and New York scored “unprecedented interest”. Pakistan’s economy grew 4.7 percent in the last fiscal year, its fastest pace since 2008, rebounding from a …

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