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Barclays crowned Middle East’s ‘Best Foreign Investment Bank’

  Dubai / Emirates Business In recognition of its continued leadership in the Investment Banking space, Barclays has been crowned ‘Best Foreign Investment Bank’ in the Middle East by EMEA Finance, a leading banking and finance publication specialising in Europe, Middle East and Africa. The judging panel’s decision to name Barclays as ‘Best Foreign Investment Bank in the Middle East’ ...

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Australia holds rates as inflation speeds up

  Bloomberg Australia kept interest rates unchanged as faster inflation and signals of looming fiscal stimulus combine with an upswing in global growth. “Above-trend growth is expected in a number of advanced economies,” Reserve Bank of Australia Governor Philip Lowe said in a statement announcing the decision on Tuesday. “The improvement in the global economy has contributed to higher commodity ...

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Fidelity Bank looks to bumper Nigeria yields to boost profit

  Bloomberg Fidelity Bank Plc expects profit to rise by 30 percent this year as it benefits from investments in high-yielding Nigerian government debt and improving supplies of foreign exchange, even after the country’s economy declined for the first time in 25 years. Fidelity is able to buy Nigerian 10-year bonds that yield more than 16 percent, the second-highest among ...

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