As recession looms, UK businesses send SOS loans

Costlier credit, on tighter terms as banks assess risk Some business owners use their own money to fill in the gaps Funding crisis could deal another economic blow to Britain LONDON, Nov 17 (Reuters) – As inflation soars and recession looms, many British businesses are struggling to get affordable bank finance, putting pressure on the … Read more

Barclays strengthens its activities in Asia and sees its growth in India and Australia

SINGAPORE, Nov 2 (Reuters) – Barclays Plc (BARC.L), which recently made major investments in India and Australia and set up a subsidiary in Taiwan in July, is planning to enter new markets but is currently focusing on the development of its franchises, said the senior regional official. The British lender has rebuilt its Asian business … Read more

Emirates NBD revives equity business with Dubai IPOs

DUBAI, Oct 21 (Reuters) – Emirates NBD (ENBD.DU) has won a top spot in all of Dubai’s initial public offerings this year, raising its fees and reviving a long-dormant business amid fierce competition from local banks and international. Dubai’s biggest lender, majority-owned by the Dubai government, helped manage the IPOs of Dubai Electricity and Water … Read more

Analysis: The energy crisis is testing the resilience of Italian companies

The response to the energy crisis is essential for the economic outlook Bankers say businesses are more resilient than they are given credit Italy have done better than expected so far this year MILAN, Oct 21 (Reuters) – Italian media had only just begun reporting on the threat of winter gas rationing when Marco Checchi … Read more

Citigroup beats earnings estimates as rate hikes bolster lending business

Oct 14 (Reuters) – Citigroup Inc (CN) beat third-quarter profit estimates on Friday as its lending business benefited from a series of interest rate hikes by the Federal Reserve and offset weakness elsewhere divisions such as investment banking and trading. After facing years of near-zero interest rates, banks are seeing a sharp rise in net … Read more