NEW DELHI: India’s finance minister has ruled out reconsidering a plan to issue foreign currency overseas sovereign bonds, she was quoted as saying in an interview published on Sunday, despite warnings of long-term risk for the economy.
Saudi Aramco will offer 140 contracts worth 60 billion riyals ($16 billion) to small and medium-sized enterprises (SMEs) in the kingdom
Aramco’s financial data, published earlier this week, showed it generates by far the biggest profit of any company in the world, boasting core earnings of $224 billion and a net income of $111 billion.
MUMBAI: The Reserve Bank of India (RBI) said on Monday it would pump 360 billion Indian rupees ($4.95 billion) into money markets in October, pledging to buy back government bonds as part of a bid to quell fears of a credit crunch cascading through the economy. The latest move came after the government on Friday announced a borrowing target of a gross 2.47 trillion rupees ($34.08 billion), with higher-than-expected earnings from its small savings scheme helping to reduce its borrowing needs by 700 billion rupees. In…
KARACHI: Pakistan on Wednesday raised $2.5 billion from global capital markets after the government issued the five-year Sukuk (Islamic bond) and the 10-year Eurobond at relatively lower rates. It was the first venture into foreign capital markets since the outbreak of major political turbulence in the country. A five-year Sukuk Al-Ijarah and 10-year Eurobond fetched the highest-ever amount for Pakistan in a single such attempt abroad despite unstable political situation in the country. Economists are of opinion…
NEW YORK: Donald Trump's stunning victory for the White House may mark the long-awaited end to the more than 30-year-old bull run in bonds, as bets on faster US growth and inflation lead investors to favour stocks over bonds. A two-day thumping wiped out more than $1 trillion across global bond markets worldwide, the worst rout in nearly 1-1/2 years, on bets that plans under a Trump administration would boost business investments and spending while firing up inflation. "We’ve had a sentiment shift in the bond market.…
Commercial Bank of Kuwait, the Gulf state's fifth-largest lender by assets, has received regulatory approval to issue up to 120 million dinars ($425.8 million) of bonds, as it prepares to convert into an Islamic bank.