Technology stocks hobble European bourses on trade jitters – Financial Times

Technology stocks hobble European bourses on trade jitters – Financial Times

Technology stocks led European bourses lower on Monday as investors measured the implications of the trade dispute between China and the US. The latest developments in the stand-off between the world’s two biggest economies centred around China’s Huawei. Google suspended the delivery of certain software and services to the telecommunications equipment maker, which was placed […]

Brexit must not hold back financial sector: UK City minister – Reuters UK

Brexit must not hold back financial sector: UK City minister – Reuters UK

FILE PHOTO: The Canary Wharf financial district is seen from Greenwich Park in London, Britain, May 7, 2019. REUTERS/Hannah McKay/File Photo LONDON (Reuters) – Parliament’s impasse over Brexit must not be allowed to hold back Britain’s financial services, City minister John Glen said on Monday. The financial sector’s traditional strengths were in good health, but […]

Foxtons names new financial chief in ‘challenging’ market – Financial Times

Foxtons names new financial chief in ‘challenging’ market – Financial Times

Foxtons has named a new finance chief as it warned that conditions in London’s housing market remain “very challenging.” The London-focused estate agency said Mark Berry will step down in June and be replaced by Richard Harris. The London-focused estate agency, which was founded in Notting Hill Gate in 1981, added in a trading update […]

Venezuela’s opposition hires debt guru Lee Buchheit – Financial Times

Venezuela’s opposition hires debt guru Lee Buchheit – Financial Times

Venezuela’s opposition government has hired veteran sovereign debt lawyer Lee Buchheit to help restructure the country’s $150bn debt burden, indicating it could take a tough approach against investors that have snapped up defaulted Venezuelan bonds. The stricken Latin American country has largely been in default since 2017. A restructuring has, in practice, been precluded by US […]

Why Goldman Sachs should buy Deutsche Bank – Financial Times

Why Goldman Sachs should buy Deutsche Bank – Financial Times

Deutsche Bank has long liked to see itself as Europe’s answer to Goldman Sachs. But what if Deutsche were Goldman’s answer to Europe? Deutsche has been under increased scrutiny of late, as it has struggled with a share price slump, higher funding costs and a succession of scandals. Despite widespread support for chief executive Christian […]

Commerzbank Partners with GTC to Further Digitize and Automate its Trade Finance Business – Associated Press

Commerzbank Partners with GTC to Further Digitize and Automate its Trade Finance Business – Associated Press

Press release content from Business Wire. The AP news staff was not involved in its creation. Click to copyhttps://apnews.com/Business%2520Wire/7373e480ea6647029ae2c48ef30ddbda TORONTO–(BUSINESS WIRE)–May 20, 2019– Commerzbank has entered into a strategic partnership with GlobalTrade Corporation (GTC), a leading Canadian application services provider of innovative multi-bank trade finance solutions. The bank plans to utilise GTC’s @GlobalTrade™ platform to […]

Critic renews suit over Trump financial disclosure – POLITICO

Critic renews suit over Trump financial disclosure – POLITICO

President Donald Trump’s latest financial disclosure showed a decline in revenue at his Mar-a-Lago resort in Florida. | Alex Brandon/AP Photo Legal By JOSH GERSTEIN 05/19/2019 11:47 PM EDT President Donald Trump is facing a new lawsuit accusing him of obscuring his personal debts by burying them among his businesses’ financial obligations on annual disclosure […]

Lebanon budget deficit will be 8.3% of GDP or less: finance minister – Reuters

Lebanon budget deficit will be 8.3% of GDP or less: finance minister – Reuters

FILE PHOTO: Finance Minister Ali Hassan Khalil is seen at the presidential palace in Baabda, Lebanon February 19, 2018. REUTERS/Mohamed Azakir/File Photo BEIRUT (Reuters) – Lebanon’s cabinet made “important” progress on Sunday in its debate over the draft budget which will have a deficit of 8.3% of GDP or less, Lebanon’s Finance Minister Ali Hassan […]