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Finance & Markets

Ace Designers Said to Weigh Up to $400 Million India IPO

Ace Designers Ltd., a manufacturer of industrial machinery, has begun discussions with investment banks about a potential initial public offering in Mumbai that could raise as much as $400 million, according to people familiar with the matter.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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USD: Data risks support Dollar gains – ING

ING’s Francesco Pesole notes fading optimism on US–Iran talks and rising Oil prices are reinforcing support for the Dollar, with Brent near $107 and equities at risk from rapidly rising rates. He sees upcoming US consumer confidence and JOLTS data as key for Dollar direction.

GTCO’s foreign subsidiaries contribute N262.6 billion interest income in H1 2026

Guaranty Trust Holding Company Plc (GTCO) generated N262.58 billion in interest income from its African and United Kingdom subsidiaries during the first half of 2026, accounting for about 30% of the Group's total interest income for the period.

  • GTCO's foreign subsidiaries earned N262.58 billion in interest income in H1 2026.
  • This represents an 11.23% decline from N295.79 billion in H1 2025.
  • Overseas subsidiaries accounted for 30% of Group's total interest income in H1 2026.

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