Barclays third quarter profit beats forecasts with 18% rise as investment bank delivers LONDON: Barclays’ third quarter profit rose 18%, it said on Thursday, as its investment bank cashed in on a jump in... Published 24 Oct, 2024 12:58pm
Print Aurangzeb tells foreign investors: ‘Govt focused on ensuring structural reforms’ ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has said the government is focused on... Updated 09 Oct, 2024 08:50am
Pakistan Pakistan will not lose focus on reforms, Aurangzeb tells foreign investors Federal Minister for Finance Muhammad Aurangzeb assured international investors that the government will not let go... Updated 08 Oct, 2024 10:23pm
Business & Finance Barclays investment bank grabs market share in deals, executive says LONDON: Barclays’ investment bank is gaining market share in deal advisory and equity capital markets as part of a... Updated 07 Oct, 2024 08:05am
Business & Finance Barclays Q1 profit falls 12% as mortgage competition, deals drought hit LONDON: Barclays reported a 12% fall in first quarter profit on Thursday, as a squeeze on UK mortgage pricing, lower... Published 25 Apr, 2024 12:00pm
Business & Finance Barclays annual profit falls 6%, unveils overhaul to boost shares LONDON: Barclays reported its annual profit fell 6%, in line with expectations, as Chief Executive C.S.... Published 20 Feb, 2024 01:20pm
Business & Finance Barclays to buy most of Tesco’s banking arm for $757 million Barclays will buy most of the banking operations of Britain’s biggest supermarket group Tesco for about 600 million... Published 09 Feb, 2024 02:37pm
Business & Finance Asian currencies: Rupiah hit by political woes BENGALURU: Asian currencies were subdued on Monday, with continued pressure on the Indonesian rupiah on concerns the... Published 30 Jan, 2024 04:52am
Business & Finance Lloyds to cut around 1,600 branch jobs in digital LONDON: Britain’s biggest domestic bank Lloyds is cutting around 1,600 roles across its branch network, a... Published 26 Jan, 2024 04:58am
Business & Finance Lloyds to cut around 1,600 branch jobs in digital switch LONDON: Britain’s biggest domestic bank Lloyds is cutting around 1,600 roles across its branch network, a... Published 25 Jan, 2024 07:15pm
Business & Finance Most Asian currencies extended gains BENGALURU: Most Asian equities extended gains on Friday, while currencies held onto to their recent rise following a... Published 16 Dec, 2023 05:49am
Business & Finance Barclays sees Fed delivering its first rate cut in June Barclays expects the Federal Reserve to deliver its first rate cut of 25 basis points in June, with two others... Published 14 Dec, 2023 10:06am
Markets UK’s FTSE 100 slips for second straight session as financials drag Britain’s FTSE 100 edged down on Tuesday, dragged by financials, with Barclays dipping after Qatar Holdings cut its... Published 05 Dec, 2023 03:00pm
Business & Finance Barclays eyes up to 900 job cuts in Britain LONDON: Barclays is putting 900 jobs in its British business at risk of redundancy, employee union Unite said on... Published 28 Nov, 2023 07:25pm
Business & Finance Barclays in talks to buy Metro Bank’s mortgage book worth $3.74bn Britain’s Barclays is in exclusive talks to buy embattled lender Metro Bank’s 3 billion pound ($3.74 billion)... Published 27 Nov, 2023 07:30pm
World Barclays working on $1.25bn cost plan, could cut up to 2,000 jobs LONDON: Barclays is working on plans to save as much as 1 billion pounds ($1.25 billion), which could involve ... Published 24 Nov, 2023 05:29am
Business & Finance Barclays sees Fed raising rate in January instead of December Barclays said it now expects the US Federal Reserve to deliver a 25 basis point interest rate increase in January... Published 06 Nov, 2023 10:41am
Business & Finance Barclays to lay off dozens of US consumer bank employees NEW YORK: Barclays Plc is laying off dozens of staff in its U.S. consumer banking division as part of a global drive... Published 25 Oct, 2023 08:10pm
Markets Barclays says profit hit by costs, impairments LONDON: British bank Barclays on Tuesday unveiled a 16-percent drop in net profit for the third quarter on souring... Published 24 Oct, 2023 12:51pm
Markets Barclays now expects US Fed rate hike in December Barclays forecasts the US Federal Reserve delivering a 25-basis-point hike in December, compared to a prior rate... Published 19 Oct, 2023 09:39am
Pakistan ‘Comfortably placed’: SBP chief says end-Sept targets with IMF met Remarks come during meetings with key international institutions organised by Barclays, JP Morgan, Standard Bank, and Jefferies Updated 13 Oct, 2023 11:19pm
Markets Greece’s National Bank sells 500mn euro bond ATHENS: National Bank (NBG) , Greece’s second-largest lender by market value, concluded the sale of 500 million... Published 27 Sep, 2023 11:02am
Markets Goldman Sachs pushes its forecast for Fed rate cut to Q4 2024 Goldman Sachs economists said they now expect the US Federal Reserve to begin its interest rate-cutting cycle in the... Published 21 Sep, 2023 12:41pm
Business & Finance Barclays cutting around 450 staff, UK trade union says LONDON: A British union that represents workers at Barclays said on Tuesday that the bank was cutting around 450... Published 12 Sep, 2023 05:15pm
Business & Finance Barclays cuts China’s 2023 GDP growth forecast to 4.5% BEIJING: Barclays cut its forecast for China’s 2023 gross domestic product (GDP) growth to 4.5% from 4.9% because of... Published 15 Aug, 2023 05:00pm
Business & Finance Singapore downgrades GDP outlook, avoids recession SINGAPORE: Singapore slightly cut its economic outlook for 2023 on Friday after it narrowly averted a recession in... Published 15 Aug, 2023 06:30am
Business & Finance Foreign lenders in talks to finance part of Adani Group’s Ambuja debt BENGALURU: Barclays, Deutsche Bank AG and Standard Chartered are in talks to collectively lend between $600 million... Published 27 Jul, 2023 06:15pm
Business & Finance Barclays seeks to stop being corporate banker to Odey Asset Management NEW YORK: Barclays is looking to terminate its corporate banking relationship with Odey Asset Management (OAM), the... Published 03 Jul, 2023 06:04am
Markets European shares end higher on positive earnings PARIS: European shares ended higher on Thursday supported by positive earnings, especially reports from Deutsche ... Published 28 Apr, 2023 06:08am
Markets UK bank Barclays profits from rising interest rates LONDON: British bank Barclays said Thursday that net profit jumped 27 percent in the first quarter, boosted by... Published 27 Apr, 2023 02:29pm