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HDFC Bank Subsidiary HDB Financial to Raise $300M in Overseas Loan

Indian bank HDFC Bank’s subsidiary HDB Financial is raising $300 million in overseas loans. It is going to be the unit’s first-ever syndicated overseas...

Russia and OPEC Get Ready to Finalize Further Oil Production Cuts

Members of The Organization of the Petroleum Exporting Countries (OPEC) and those outside it are meeting in Vienna, Austria, today to finalize further cuts...

Egyptian Firm E-finance Launches Three Subsidiaries to Strengthen Expansion Plans

Managing director and chairperson of E-finance, Ibrahim Sarhan, said yesterday that the firm had launched three new subsidiaries. The move is aimed at further...

South Korean Insurance Firm to Offer $3 Billion Financing to UAE Oil Firm

South Korea’s state-owned trade insurance firm, Korea Trade Insurance Corporation (K-Sure), has announced that it has reached an agreement to offer financial support worth...

Stock Trading Start-up Robinhood Withdraws its Bank Application

American start-up Robinhood announced that it has decided to withdraw its application to become a federally insured bank. The application had been submitted earlier...

CFTC Pulled in Over $1.3 Billion in Regulatory Penalties in 2019

The Commodity Futures Trading Commission (CFTC) has announced its annual compliance and enforcement results for the year 2019 on November 26, 2019. As per...

Sri Lanka to Be a “Neutral Country” Working in Collaboration With All Nations, Says President

In a recent visit to New Delhi, the president of Sri Lanka, Gotabaya Rajapaksa, said that he wants Sri Lanka to be a Neutral...

Loanzen, a Fintech Startup Raised Funding From Zephyr Peacock

Loanzen recently raised funding from Zephyr Peacock India Growth Fund. Loanzen is a startup that offers financial services for the logistics industry. The news...