Author: Arabian Media staff
FICO has said it will introduce “buy now, pay later” loan data into its credit-scoring models. Source link
While there are some exceptions among the 20 largest banks, most big bank stocks appear fully valued, based on analysts’ price targets. Source link
The Trump administration’s attacks on the Fed highlight the problems with Fed discretion and obscurity. Source link
Stay informed with free updatesSimply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox.US investors are relaunching a key Ukrainian grain export terminal after wresting control from alleged looters, in a test of Kyiv’s ability to attract capital to rebuild its economy in its fourth year of war.US-based funds Argentem Creek Partners and Innovatus Capital Partners have taken over the Olimpex terminal in the port of Odesa, after securing victory in a saga of alleged loan fraud that underlines the challenges of reviving international investment in wartime Ukraine.Sustained Russian attacks on infrastructure and fading…
As earnings season kicks off on Tuesday, Wall Street seeks clues on whether big-bank stocks merit more gains after outperformance. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thames Water has announced a hosepipe ban for several areas in an effort to preserve water following persistent dry and warm weather.The ban will come into place across parts of Swindon, Gloucestershire, Oxfordshire, Berkshire and Wiltshire on Tuesday July 22, as a lack of rain and increased demand stretched the water supply, the water group said on Monday.The Temporary Use Ban means customers living in affected areas are asked not to use hosepipes for activities such as washing cars, watering gardens and…
Six months of outperformance for international stocks and currencies isn’t a portfolio strategy. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Wizz Air has shelved plans for an operating hub in Abu Dhabi to focus on its core markets in central and eastern Europe as the low-cost carrier looks to reduce costs after a difficult two years. The London-listed airline blamed the decision to pull out of its Gulf state joint venture after six years on geopolitical conflicts in the region, the failure to secure rights to fly certain routes, as well as persistent engine issues. Wizz said it would stop local flights from…
DP World has entered into a 30-year concession agreement with Syria’s General Authority for Land and Sea Ports to develop and operate the Port of Tartus. The deal, structured as a Build-Operate-Transfer (BOT) model and fully owned by DP World, aims to modernise the port’s infrastructure and reestablish Tartus as a vital trade hub connecting Southern Europe, the Middle East, and North Africa. Under the agreement, DP World will invest $800m over the course of the concession to transform the port’s capabilities. Plans include the construction of new infrastructure, deployment of advanced cargo-handling equipment, and implementation of digital systems to…
Becton Dickinson will spin off its biosciences and diagnostic business and merge it with Waters, and plans to use at least $2 billion of the proceeds to buy back stock. Source link