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31.10.26 - 23:15
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Iran Issues Nov 1st Blanket Ban On South Korean Tanker Giant Moving One-Third Of Persian Gulf Oil Exports (ZeroHedge)
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Iran Issues Nov 1st Blanket Ban On South Korean Tanker Giant Moving One-Third Of Persian Gulf Oil Exports
South Korean tanker giant Sinokor is the world's dominant VLCC owner (Very Large Crude Carrier) and has in recent weeks found itself front and center in the crosshairs of Iranian retaliation in the Strait of Hormuz and regional waters.This past week, Iran's Persian Gulf Strait Authority (PGSA) has put the major South Korean maritime shipping and logistics group on notice, saying Sinokor will suffer sweeping action against its fleet starting November 1st if it keeps violating Tehran's protocol for shipping through the strait.This has marked the first time the Islamic Republic issued a blanket warning covering a shipowner's entire fleet, but this is perhaps because Sinokor alone accounted for about 37% of Hormuz oil transits in September and more than 50% of VLCC traffic in the first 10 days of October, according to Lloyd's List Intelligence data.
Source: Sinokor
Despite regional passag...
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29.10.26 - 15:12
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Lloyds hält den Ball flach (Börsen-Zeitung)
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Lloyds hat ihre Ziele für das Gesamtjahr trotz starker Geschäftsentwicklung nicht erhöht. Die Großbank rechnet mit weniger Wirtschaftswachstum und mehr Inflation....
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24.10.26 - 13:18
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Is London really the most-taxed city? Banks accused of cherrypicking data (The Guardian)
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Lobby group's figures, shared with John Healey, are misleading as they do not include major rival Paris, say campaignersA banking lobby group has been accused of cherrypicking data and trying to mislead the British government by claiming a tax rise for banks at next week's budget would leave London less competitive than rival financial hubs.UK Finance, which represents banks including Lloyds, JP Morgan and Revolut, commissions an annual report tallying up all the taxes shouldered by a large bank, including corporation tax, social security, VAT and bank-specific levies. Continue reading......
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22.10.26 - 09:02
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Greenlight Innovation Syndicate 3456 Appoints Ian Maguire as Active Underwriter (GlobeNewswire EN)
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GRAND CAYMAN, Cayman Islands, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (Nasdaq: GLRE) (“Greenlight Re” or the “Company”) announced today that Greenlight Innovation Syndicate 3456 (“Syndicate 3456”) has appointed Ian Maguire as Active Underwriter, subject to regulatory approval, as Syndicate 3456 transitions from a Syndicate-in-a-Box to a full Lloyd's syndicate with effect from January 1, 2027....
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22.10.26 - 08:54
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Barclays profits jump ahead of looming bank tax; French bond yields hit fresh 24-year high – business live (The Guardian)
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French risk premium over German bonds widest since 2011 as oil prices climb above $111 a barrelGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Barclays' profits jumped in the last quarter and it handed more cash to shareholders as further bank taxes looms in John Healey's budget next Wednesday.I am pleased with the ongoing momentum of Barclays' operational and financial performance.With one quarter to go before the end of our original three-year plan, we have either achieved or are on track to achieve all of our 2026 group targets. We are confident in and committed to the 2028 targets that we laid out earlier in the year.A UK bank tax risk is now a base case. If it is confirmed on 28 October, it'll be the size and timing that will be key. If Healey does go ahead, shares of Lloyds and NatWest, which are almost entirely exposed to the UK, would likely be impacted most, and you are seeing this already in the share price reaction today. Barclays i...
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