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StanChart top Mena bond sales arranger in a decade

Bloomberg For the first time since 2008, Standard Chartered Plc (StanChart) is topping the list of bond sales arrangers in the Middle East and North Africa (Mena). The emerging markets-focussed lender climbed four places from 2017 and has already built up a substantial lead on the competition just four months into the year, according to data compiled by Bloomberg. JPMorgan ...

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Germany could aid UK banks but needs concessions

Bloomberg Germany wants to help UK banks get access to the European market after Brexit, but would need Britain to make concessions, according to a person familiar with the German government’s position. With Brexit talks bogged down in divorce issues, the outlook for Britain’s financial services sector hasn’t been discussed yet. But the European Commission, which is leading negotiations on ...

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No imminent devaluation of rupee in near term: Pakistan

Bloomberg Low inflation and solid growth mean there’s no pressing need to devalue the currency in the near term, State Bank of Pakistan Governor Tariq Bajwa said in an interview. Pakistan has allowed the rupee to weaken twice in recent months as it attempts to mend its deteriorating finances before elections due in July. Bajwa said another near-term move to ...

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