Bloomberg Citi Private Bank appointed Christian Schuwey, formerly from UBS Private Bank, as its head of South Asia FX Advisory, according to a company memo seen by Bloomberg. Schuwey, who worked at UBS for more than 30 years in foreign-exchange roles, is based in Singapore, according to the memo. He will drive Citi’s efforts to grow in Southeast Asia, India, …

Bloomberg JPMorgan Chase & Co is buying the former BNP Paribas SA offices in central Paris with space to house as many as 450 employees, as banks seek to bolster their footprint in the European Union after Brexit. JPMorgan, which currently has 260 employees in the French capital, is taking over the seven-storey building a short walk from the Louvre …

Bloomberg Goldman Sachs Group Inc. received approval from the South African Reserve Bank to conduct the business of a bank in the country, it said. It will open the Johannesburg branch of Goldman Sachs International Bank, and has been admitted as a member of the Johannesburg Stock Exchange’s interest rate and currency derivatives market, it said in a statement on …

Bloomberg Nomura Holdings Inc plans to hire dozens of private bankers in Hong Kong and Singapore in a bid to extend its wealth management push from Japan and mainland China to the rest of Asia. The Tokyo-based firm, which has already outlined aggressive plans for China, aims to grow the assets it manages from those two hubs by five times …

Bloomberg Dozens have been killed and wounded in a missile attack on a training camp for government forces in the central province of Marib, Yemen, according to the Mareb Press news website. Citing an undisclosed medical source, the website said that 30 soldiers were killed and over 50 others wounded in an attack by missiles and drones, adding that the …

Bloomberg Most Middle Eastern equity markets gained at the start of the week, with investors focusing on earnings across the region. Dubai’s benchmark index rose for a seventh consecutive session as banks and real estate companies climbed. Stock gauges in Bahrain, Oman, Kuwait and Egypt also advanced. Saudi retailer United Electronics Company, or Extra, finished at a record high after …

DUBAI / WAM The growth pace of the regional logistics industry is set to intensify in the year 2020 on the back of boosted UAE growth expectations. The UAE is hosting the region’s first Expo, in 2020, a mega event which is poised to start in October and for which preparations are in full swing. The growth driven by the …

ABU DHABI / WAM Recent statistics issued by the Organisation of the Petroleum Exporting Countries (Opec), highlighted a decrease in its production by 6.3 percent or some 2 million barrels per day in 2019, compared to 2018. This decrease is in line with the organisation’s recent decisions, in coordination with major independent producers, to maintain the balance in the global …

Bloomberg UK-based energy explorer Premier Oil Plc can move ahead with its plan to extend debt maturities and buy gas fields in the North Sea, a Scottish court ruled. Judge Sarah Wolffe ruled the company can proceed to a creditor vote on a proposed change in terms on $2 billion-worth of debt, heading off a challenge by Premier Oil’s largest …

Bloomberg The most up-to-date measure of the UK economy looks set to improve this week — yet it might not be sufficient to deter the Bank of England (BOE) from cutting interest rates. With policy makers signalling they’re considering a rate cut to preempt possible weakness in the months ahead, and recent data backing their case, IHS Markit’s monthly survey …