article thumbnail

African Banking Roundtable: New Focus On Capital Markets

Global Finance

The conversation followed up on our discussion last year of the exit of some foreign banks from African markets and the new emphasis this places on the expansion of domestic banks, including pan-African institutions. How is this playing out in your markets? We need foreign savings. Fourth is Angola, with US$27 billion.

article thumbnail

Q3 Results: GAIL profit rises 121% on higher spot LNG prices

CFO News Room

State-run gas transporter GAIL ’s net profit increased 121.1% crore on a standalone basis in the quarter ended December, as the natural gas marketing business — GAIL’s largest revenue earner — reported a before-tax profit of Rs 1,749.7 crore against a loss of Rs 73.7 GAIL revenue increased 65.9% y-o-y to Rs 26,427.4

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Facebook’s Shares Plunge After Profit Decline

CFO News Room

startled investors with a sharper-than-expected decline in profits and a gloomy outlook in its first earnings report since Chief Executive. If shares dropped that much when trading opens on Thursday, it would wipe more than $175 billion from the tech giant’s market capitalization. Meta Platforms Inc. Mark Zuckerberg. David Marcus.

article thumbnail

1097: The Mutual Advantage in a Cyclical Market | Kevin Ingram, CFO, FM

CFO Thought Leader

That discipline took shape after the 201718 catastrophe losses, when Ingram led a rigorous reunderwriting that bolstered profitability and reserves. Drawing on decades of loss data and hundreds of engineercaptured risk points, his team now deploys AI models to rank mitigation projects for FMs 1,600 core policyholders.

article thumbnail

Meta, Amazon, Snap, Pinterest: What to Watch in the Stock Market Today

CFO News Room

Technology shares are leading losses after Facebook parent Meta Platforms surprised investors with a bigger-than-expected profit drop. Snap , Pinterest and Amazon are all due to report after markets close, and are being pulled down premarket amid the broader tech gloom. billion profit in the recent quarter.

article thumbnail

China Leans On Banks To Revive Property Market

Global Finance

Policymakers are leaning on banks of all stripesfrom city commercial banks to state-owned giants such as ICBC and China Everbright Bankto stimulate a market hard-hit by falling home prices and property developer losses since the Covid-19 pandemic. In some cities, banks have cut rates for first-time homeowners.

Banking 52
article thumbnail

#FASuccess Ep 411: Getting Clients Comfortable With Market Risk Using A More (Options-Based) Measured Risk Approach, With Larry Kriesmer

Nerd's Eye View

Larry is the Chairman of Measured Risk Portfolios, an RIA based in San Diego, California, that oversees $350 million in assets under management for a combination of internal retail clients and external financial advisor clients.