Latest News for: Offshore investment bank


Okowa’s N100bn Loan Request Gets Delta Assembly’s Approval

This Day 28 Jan 2023
Meanwhile, the House also granted another request by the governor for a N2 billion bank facility to fund additional investment of three per cent equity in UTM Offshore Limited Floating Liquefied Natural Gas (FLNG) Project ... ”UTM Offshore Limited, which in the first instance offered ...

Suriname’s Oil Boom Hits A $10 Billion Snag

Oil Price 20 Jan 2023
A series of high-quality oil discoveries in Block 58 offshore Suriname combined with investment bank Morgan ...

Russia uses yuan for interventions

Hong Kong Standard 11 Jan 2023
The Russian central bank said it would carry out forex transactions on the ... Meanwhile, China's Ministry of Commerce and People's Bank of China jointly encouraged the banks to issue loans in offshore yuan to lower the financing costs for overseas investments.

It looks like SARS is focused on getting non-compliant High-Net-Worth Individuals

Independent online (SA) 10 Jan 2023
What is noteworthy with the exchange of information requests, is that HNWI have historically opted for a jurisdiction such as Ireland, Mauritius, or even the Virgin Islands to hold offshore investments and bank accounts, in light of the favourable tax treatment.

PETER DACHS: Are exchange-control loop structures still permitted?

Business Day 16 Jan 2023
In terms of the 2021 circular, SA companies and resident individuals with authorised foreign assets could invest in SA assets provided that, where such assets were acquired through an offshore structure, the investment was reported to an authorised dealer (commercial banks acting as agents for the Bank in relation to exchange control matters).

Hong Kong to raise up to $5 bln in green bonds -sources

Reuters 03 Jan 2023
The offshore-yuan-deal was intended to be worth about 5 billion yuan and would include a longer tenor of five years, said one of the sources and two others ... Eight investment banks are working on the dollar and euro transactions and seven are mandated on the offshore yuan tranche, according to the term sheet, which was seen by Reuters.

Stock Market On Track For Its Worst Year Since 2008; Amazon Falls To Lowest Level ...

Investors Business Daily 30 Dec 2022
X ... 2 in IBD's investment banking and brokerage industry group with a Composite Rating of 97. Offshore driller Tidewater (TDW) broke out and hit the 36.60 buy point of a cup base earlier in the session, adding 1% in heavy volume ... The Facebook parent continues to invest heavily in developing the metaverse as online advertising revenue has plateaued ... ....

RMB internationalization gets more attention

China Daily 28 Dec 2022
Echoing the report, the People's Bank of China, the central bank, said it will promote renminbi internationalization in an orderly manner by further expanding the use of the renminbi in cross-border trade and investment, deepening international currency cooperation and developing offshore renminbi markets.

Brazilian Securities Commission CVM Opens a Path for Funds to Invest in Crypto

Bitcoin 26 Dec 2022
The Brazilian Securities Commission CVM has cleared the path for funds to dive into cryptocurrency-based investments ... If these are made offshore, the investments will have to be overseen by a local supervisor ... However, the commission changed this law months later to allow funds to invest in crypto offshore, although indirectly.

How Green Banks Are Boosting Clean Energy Projects

Common Dreams 25 Dec 2022
Founded in 2011, the Connecticut Green Bank is a quasi-public fund (chartered by the state but run by a board) created to invest in green energy projects that traditional lenders might shy away from ... "Green banks can mobilize investments in areas where they’re not happening.".

Is the SSE share price set to soar in 2023?

The Motley Fool 21 Dec 2022
When I’m weighing up whether to invest in a business, I’m less concerned with short-term yearly share price movements ... The sheer scale of the investments that SSE is making in renewables is eye watering ... All three phases of the world’s largest offshore wind farm at Dogger Bank remain on track.

MSMEs' big capex push accounts for 50% of new loans

The Times of India 15 Dec 2022
Banks and non-bank lenders said while big corporates are accessing the offshore market and alternative investment funds (AIF) for incremental capex, MSMEs that rely on the bank and NBFC funding are taking fresh term loans to add new plants and factories. Latest central bank data ...

Foreign debt remained at prudent levels despite rising to $107.9b in third quarter

Manila Standard 11 Dec 2022
Bulk of the recorded availments in the quarter were from the increase in the reported short-term liabilities of banks as they sought the offshore market to meet its funding requirement for relending, investments and other FX transactions.

Morgan Stanley upgrades China stocks as global investors cheer on Covid reopening hopes

The Citizens 05 Dec 2022
Investment bank Morgan Stanley has upgraded its view of the future performance of Chinese equities for the first time in nearly two years ... The bank recommended that investors increase their investment allocations to offshore Chinese equities ... The offshore yuan, a key gauge of how ...

China prosperity drive to hit bankers’ pay further

Taipei Times 15 Nov 2022
In Hong Kong, at least two China-backed investment banks are dicussing how to level pay among different ranks, but also between their onshore and offshore units, the people said.

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