Exclusive: Equatorial Guinea may strip Ophir of LNG project due to finance delays

Exclusive: Equatorial Guinea may strip Ophir of LNG project due to finance delays

LONDON/CAPE TOWN (Reuters) – Equatorial Guinea will force Ophir Energy out of the company’s flagship liquefied natural gas (LNG) project and may scrap it entirely unless long-delayed financing deals worth $1.2 billion are presented to the government by December. The ultimatum is a blow to UK-listed Ophir, which has set aside $150 million of its […]

Behavioral Finance Made Simple (Podcast)

Behavioral Finance Made Simple (Podcast)

I’ve yet to see a straightforward way of applying behavioral finance insights to investing. Are you supposed to have a checklist to make sure you’re not anchoring, herding or acting out of confirmation bias? Most commentaries I’ve seen on the subject seem to conclude that investors require an advisor to avoid these things; I’m skeptical […]

Citi Inks $100 Million Trade Finance Deal With Asian Development Bank

Citi Inks $100 Million Trade Finance Deal With Asian Development Bank

Share Tweet Share Share Share Print Email Global financial institution Citi is expanding its existing partnership with the Asian Development Bank (ADB) to share risk in trade finance transactions, reports in The Financial said Friday (May 11). The ADB’s Trade Finance Program reached a deal worth $100 million with Citi that sees the financial institutions […]

Morning Brief: Trump pledges to help China's ZTE get back in business

Morning Brief: Trump pledges to help China's ZTE get back in business

Monday, May 14, 2018 What to watch today REUTERS/Damir Sagolj/File Photo More U.S. stock market futures are higher as investors and traders continue to watch for developments in global trade policy. On Sunday, President Donald Trump tweeted that he’d help China’s ZTE “get back into business, fast.” The U.S. Commerce Department had recently banned American companies […]

Russia is not considering buying stakes in EN+, Rusal: finance minister

Russia is not considering buying stakes in EN+, Rusal: finance minister

MOSCOW (Reuters) – Russia is not considering buying stakes in EN+ and Rusal, two companies hit by U.S. sanctions last month, acting Finance Minister Anton Siluanov said on Monday. Siluanov said one option for supporting aluminium giant Rusal was to use funds from Promsvyazbank, a lender that the country’s central bank took over last year. […]

Malaysia's finance ministry says no date yet for abolishing GST

Malaysia's finance ministry says no date yet for abolishing GST

KUALA LUMPUR, May 14 (Reuters) – Malaysia has not yet set a date for the abolishment of the Goods and Services tax (GST), the finance ministry said in a statement on Monday. Malaysia’s newly elected administration, led by Prime Minister Mahathir Mohamad, had promised to abolish the deeply unpopular tax within its first 100 days. […]

Australia Bank Probe Could Cut 8% of Finance Jobs, JPMorgan Says

Australia Bank Probe Could Cut 8% of Finance Jobs, JPMorgan Says

Australia’s banking probe could see job cuts in the finance and real estate sectors equivalent to losses during the 2008 global financial crisis, according to JPMorgan Chase & Co. JPMorgan analysts led by Sally Auld see three main channels for the Royal Commission to exert influence on the Australian economy: tighter lending standards and slower […]

Airbus finance chief joins CEO Enders in departures lounge

Airbus finance chief joins CEO Enders in departures lounge

PARIS (Reuters) – Airbus finance chief Harald Wilhelm will leave the European planemaker in 2019, adding to a management overhaul as the company contends with the challenge of halting declining orders in some key areas. FILE PHOTO: Airbus Chief Executive Tom Enders (R) and Chief Financial Officer Harald Wilhelm (L) after the company’s 2017 financial […]

Airbus finance chief Wilhelm to leave company in 2019

Airbus finance chief Wilhelm to leave company in 2019

PARIS (Reuters) – Airbus finance chief Harald Wilhelm will leave the European planemaker in 2019, the company said on Monday, following outgoing CEO Tom Enders. A statement from Wilhelm said that next year would be the right time to leave after 18 years with the company’s finance department. “Until then, I remain committed to the […]