Asian Firms May Struggle To Refinance Dollar Debt, Ratio Suggests
Asian companies are likely to find it harder to refinance dollar-denominated debt. The decline in a key metric suggests; with…
Category: World
Shell Invests $38 Million In Carbon Credit Projects In Brazil.
Shell (SHEL.L) said it has invested 200 million reais ($38.07 million) into a Brazilian preservation-focused company. Carbon credit developer Carbonext…
China Industry Body Cuts 2022 Auto Sales Growth Forecast To 3%
China’s automobile industry association downgraded its 27022 sales forecast; as anti-pandemic measures weighed on the economy and its car market,…
Bank Of Korea To Hike Rates By Historic 50 Bps
South Korea’s central bank will deliver its first-ever 50 basis point rate rise to 2.25%; turning up the heat on…
Brazil’s Itau To Buy 35% Stake In Broker Avenue For $92 Mln, Eyes Control Later
Brazil’s largest private lender Itau Unibanco Holding SA (ITUB4.SA) has agreed to acquire control of Avenue; a brokerage that provides…
Essity Buys 80% Of Canada’s Knix Wear For $313 Million
Sweden’s Essity on Friday said it had agreed to buy 80% of Canadian company Knix Wear. A maker of leakproof…
Euro At The Verge Of Breaching Parity, Stocks Slide Again
The euro has been particularly vulnerable given the impact of an ongoing spike in natural gas prices on the regional…
Half Of Britons Buy Less Food As Prices Surge
Almost half of British people have cut back on food purchases as prices surge; while others are having to spend…
Rihanna Breaks Records To Become The Youngest Self-Made Billionaire At $1.7 Billion Networth.
Musician turned business mogul, Rihanna has just become America’s youngest self-made billionaire with $1.7 billion. In the past year, Forbes…
UK House Prices Surge By 13%, Most Since 2004, Halifax Says
House prices in Britain rose by the most since 2004 in the 12 months; leaping by 13% as better-off households…
Credit Suisse Names New Head Of Swiss Private Banking.
Credit Suisse (CSGN.S) said it was naming Roger Suter its new head of private banking in Switzerland. Succeeding current manager…
Sri Lanka c.Bank Raises Rates, Targets Inflation Despite Contraction In Economy
Sri Lanka’s central bank raised key interest rates to the highest in two decades to bring down record inflation; despite…
Hungary’s Retail Sales Rise By 11.1% In May
Hungary’s calendar-adjusted retail sales rose by an annual 11.1% in May following a revised 15.7% increase in April, driven by…
Greek April Retail Sales Rise 10%, Led By Apparel
Greek retail sales by volume rose 10% in April compared to the same month a year earlier after a 12.3%…
Dollar Reigns As Investors Fear Recession Pain
Asian stocks fell and the dollar stood by a two-decade high on the euro as investors’ fears deepened that the…
Exxon Profit Set To Soar Again; White House Wants More Oil
Wall Street analysts sharply increased their Exxon Mobil Corp second-quarter profit estimates; after the largest U.S. oil producer projected it…
U.S. Exchanges Win Court Appeal On SEC Market Data Order.
A U.S. appeals court struck down an order by the Securities and Exchange Commission that would have allowed some financial…
Bridgewater’s Flagship Fund Posts Gains Of 32% Through June
Hedge fund manager Bridgewater Associates’ flagship Pure Alpha 18% volatility fund gained 32.2% in the first half of the year;…
Global Corporate Debt To Drop Amid Higher Funding Costs, Study Finds
Global corporate net debt has fallen by 1.9% to $8.15 trillion in the past year. As higher borrowing costs reduce…
Airbus Cancels Deal With Qatar Airways For Fourth A350
Europe’s Airbus (AIR.PA) has raised the stakes in a dispute with Qatar Airways over damage to the painted surface of…
Real Estate Firm Cushman & Wakefield Held In Contempt, Fined $10,000 A Day
A New York judge on Tuesday held real estate firm Cushman & Wakefield PLC; in contempt of court for not…
Mexico’s Femsa To Buy Swiss Store Operator Valora for $1.15 Bln In Europe Push.
Mexican bottler and retailer company Fomento Economico Mexicano (Femsa) (FEMSAUBD.MX) offered to buy Swiss kiosk operator Valora (VALN.S); in a…
Canadian Inflation Expectations Bolster Case For Supersize Rate Hike
Consumer inflation expectations surged in Canada, hitting fresh highs in the short-term and up “significantly” over the long-term. A Bank…
Japan’s KDDI Shares Slide Nearly 4% After Giant Mobile Network Outage.
KDDI Corp shares fell as much as 3.9%, the biggest system failure in the history of Japan’s No.2 wireless carrier.…
Brazil’s Fertilizer Imports Jump As Farmers Prepare To Plant New Crop
Brazilian fertilizer imports in June jumped 18.6% and totaled 4.15 million tonnes, according to government data released on Friday. However,…
$1bn Natural Gas Sold To Portugal In 2022, Says NNPC.
The Nigerian National Petroleum Company Limited said it had sold over $1bn worth of natural gas to Portugal this year.…
Italy’s AMCO To Buy 1.4 Bln Euros Of Non-Performing Leasing Credits From Intesa.
Italy’s state-owned bad loan specialist AMCO had signed an agreement with lender Intesa Sanpaolo (ISP.MI) to purchase a portfolio of…
Google To Pay $90 Mln To Settle Legal Fight With App Developers
Alphabet Inc’s Google has agreed to pay $90 million to settle a legal fight with app developers. Thi is over…
Drop In Demand Weighs On German Manufacturing, 0utlook Darkens -PMI
A sharp fall in new orders weighed on German manufacturing activity in June. This darkens the outlook for Europe’s largest…
London Stock Exchange Head Of Data Leaves After Year In The Job.
The head of data at the London Stock Exchange Group (LSEG.L) has stepped down after a year in the job;…