Shares in Asia focused companies dip as Chinese inflation soars April 11, 2022 Shares in London listed companies with Asia focused businesses dropped today after Chinese government data showed outbreaks of Covid and the war in Ukraine had caused inflation in China to soar. The dips come after figures from China’s National Bureau of Statistics (NBS) showed factory gate prices are up 8.3 per cent compared to [...]
Going green: Eden Project plots new base in Canary Wharf April 11, 2022 City workers in Canary Wharf could soon be treated to lush green public spaces on the doorstep of their offices.
Goldman Sachs launches European assets to over £460bn with latest £1.4bn deal April 11, 2022 Goldman Sachs has launched its assets under management north of $3 trillion, after taking over a Dutch investment firm. The Wall Street giant has snapped up NN Investment Partners from the NN Group for €1.7bn (£1.4bn). As part of the transaction, Goldman Sachs Asset Management will manage an around $180bn (£138bn) portfolio of assets for [...]
1MDB: Ex-Goldman Sachs banker found guilty for role in world’s biggest financial scandal April 10, 2022 Former Goldman Sachs banker Roger Ng faces up to 30 years in prison after being found guilty on two separate counts of bribery and money laundering for his role in the multi-billion-dollar 1MBD scandal. A New York jury convicted Ng on two separate charges of conspiracy, after finding the banker guilty of taking part in [...]
Saturday Spotlight: Nigeria and China speed ahead of UK in digital money race April 9, 2022 A new index charting the readiness and adoption of central bank digital currencies (CBDC) has seen Nigeria top the ranking with the e-Naira, launched in October 2021. Nigeria’s lead is closely followed by other early CBDC adopters, the Bahamas, Mainland China, Jamaica and Eastern Caribbean. The findings, from the PwC Global CBDC Index, capture the [...]
Sunak tells Bank of England to ease up on opposition to fossil fuel April 8, 2022 Rishi Sunak has urged the Bank of England to ease up on its opposition to fossil fuel investment despite the UK's green commitments.
Fireblocks poaches Bank of England fintech lead April 7, 2022 The head of the Bank of England's fintech hub has walked out after just over a year in the role to join crypto startup Fireblocks.
Airports face two months of disruption amid staff shortage crisis April 7, 2022 Passengers are facing two months of disruption at UK airports as bosses struggle to recruit new staff and covid rips through the workforce.
UK announces more sanctions on Russia’s largest bank Sberbank April 6, 2022 The UK has slapped more sanctions on Russia’s largest bank Sberbank and banned all outward British investment into Russia. Sberbank and Credit Bank of Moscow now have all their UK assets frozen, after similar measures were taken against other major Russian banks last month, with the pair also unable to do business in Britain. The [...]
UK division of Russia’s VTB files for administration April 6, 2022 The UK division of Russian bank VTB is preparing to file for administration today after Western sanctions were slapped on the firm following Russia’s invasion of Ukraine, according to reports.