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Dangote Refinery Plans Potential $5 Billion IPO as Nigeria Seeks Broader Domestic Ownership of Strategic Energy Asset

LAGOS, August 14 — Dangote Petroleum Refinery plans to pursue a retail-focused initial public offering in Nigeria by October, potentially creating one of Africa's largest listings and opening wider domestic participation in the ownership of the country's largest refining project.

Finance1 day ago

Finance

Goldman Sachs Deepens ETF Push With $2.3 Billion Neos Deal as Asset Management Competition Intensifies

NEW YORK, August 13 — Goldman Sachs is strengthening its position in the exchange-traded fund market through an agreement to acquire ETF provider Neos Investments for as much as $2.25 billion, signalling a broader shift among major financial institutions towards recurring asset-management revenue.

3 days ago

Finance

BofA Commits $1.9 Billion to Jio Credit as Global Banks Expand Their India Growth Strategies

MUMBAI, August 13 — Bank of America is moving deeper into India's rapidly expanding financial-services market through a potential $1.9 billion investment in Jio Credit, highlighting growing international interest in the country's consumer and corporate credit opportunities.

3 days ago

Finance

ECB Weighs UniCredit Bid for Commerzbank as European Banking Consolidation Gains Momentum

FRANKFURT, August 13 — The European Central Bank is leaning towards approving UniCredit's proposed increase in its stake in Germany's Commerzbank, according to an internal document reviewed by Reuters, potentially strengthening the case for another major cross-border banking transaction in Europe.

3 days ago

Finance

Gold Retreats from Two-Month High as US Inflation Data Tests Expectations for Further Rate Cuts

August 11 — Gold prices steadied after reaching a more than two-month high as investors turned their attention towards forthcoming US inflation data and its implications for the Federal Reserve's interest-rate path.

5 days ago

Finance

European Shares Gain as Corporate Earnings Strengthen the Investment Outlook

August 7 — European equities are gaining support from stronger-than-expected corporate earnings, with companies across energy, materials, healthcare and industrial sectors improving the outlook for profits even as investors remain alert to Middle East risks and the direction of US interest rates.

9 days ago

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Dangote Refinery Plans Potential $5 Billion IPO as Nigeria Seeks Broader Domestic Ownership of Strategic Energy Asset

Goldman Sachs Deepens ETF Push With $2.3 Billion Neos Deal as Asset Management Competition Intensifies

BofA Commits $1.9 Billion to Jio Credit as Global Banks Expand Their India Growth Strategies

ECB Weighs UniCredit Bid for Commerzbank as European Banking Consolidation Gains Momentum

Gold Retreats from Two-Month High as US Inflation Data Tests Expectations for Further Rate Cuts

European Shares Gain as Corporate Earnings Strengthen the Investment Outlook

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