Bloomberg Barclays Plc is appointing Taylor Wright and Credit Suisse Group AG veteran Cathal Deasy as its new investment banking chiefs in a major reshuffle of its top dealmaking ranks. John Miller and Jean-Francois Astier, the current co-heads of investment banking at the UK firm, are set to leave those roles, according to an internal memo seen by Bloomberg ...

  Bloomberg Sri Lanka kept its benchmark interest rate unchanged for a fourth straight meeting as Asia’s fastest inflation showed signs of cooling while bankrupt economy seeks to turn the corner pending a crucial bailout. The central bank of Sri Lanka held the standing lending facility rate at 15.5% on Wednesday, a move predicted by all five economists in a ...

  Bloomberg BNP Paribas SA’s Frankfurt offices were raided by German prosecutors as part of their vast investigation into the controversial Cum-Ex scandal that has swept up Wall Street’s biggest banks. A spokesperson for the bank confirmed the search and said it’s cooperating. A Cologne prosecutors’ spokesman said that the agency raiding a bank in Frankfurt since January 24 without ...

  Bloomberg The Philippine central bank will likely end its monetary tightening with one or two more rate increases this quarter that will bring the key rate to around 6%, according to its governor. “The most likely scenario is that the last increase is the March meeting,” Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said in an interview in his ...

  Bloomberg Equity markets slipped on Wednesday after tech giant Microsoft Corp. and a slew of other major firms forecast slowing earnings, while lackluster US business activity data reminded investors of the likelihood of recession in the world’s biggest economy. Contracts for the Nasdaq 100 fell more than 0.5%, after a two-day rally in the underlying index ground to a ...

  Bloomberg Bitcoin is flirting with its first back-to-back drop since the start of the year following a poor revenue outlook from technology bellwether Microsoft Corp. that dented wider investor sentiment. The largest token fell as much as 2.5% and was trading at about $22,650 as of 6:11 am in London on Wednesday after edging lower in US hours. A ...

  Abu Dhabi / WAM In his capacity as the Ruler of Abu Dhabi, President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a resolution to appoint members of the Abu Dhabi Executive Council. The resolution stipulates the appointment of Mohamed Ali Al Shorafa, member of the Abu Dhabi Executive Council, as the Chairman of the Department of ...

Abu Dhabi / WAM The UAE’s Edge group has announced a strategic investment in High Lander, the company behind Universal UTM, a drone-agnostic unmanned traffic management solution which provides the automation, coordination, and safety much needed in increasingly crowded skies. The $14 million investment creates a ground-breaking partnership and is already forging ongoing deals and high-value opportunities in both the ...

  Dubai / WAM Celebrating the special economic relations between India and the UAE, Dubai Chambers on Tuesday hosted the India-UAE Partnership Summit at its headquarters in Dubai. Hon. Piyush Goyal, Minister of Commerce and Industry, Government of India, inaugurated the summit with an opening keynote where he highlighted that the UAE-India Comprehensive Economic Partnership Agreement (CEPA) has given a ...

  Sharjah / WAM The highly-anticipated 6th edition of the Sharjah Investment Forum (SIF), organised by the Sharjah FDI Office (Invest in Sharjah), is set to take place on February 8-9 at the Jawaher Reception and Convention Centre in Sharjah. The annual event brings together a distinguished list of local and international officials, thought leaders, and economic experts to deliberate ...