Gazprom Bond Payments Trickle Through To Some Creditors As Sanctions Rise
Payments due on international bonds issued by Russia's Gazprom (GAZP.MM) have been transferred to some creditors,…
Facebook’s Growth Woes In India: Too Much Nudity, Not Enough Women
On Feb. 2, when Meta Platforms (META.O) reported Facebook's first-ever quarterly drop in daily users; its finance…
Global Equity Funds See Biggest Weekly Outflow In Five Weeks
Global equity funds recorded their biggest weekly outflow in five weeks in the week to July 20, on investor…
Hungary Blocks EU Deal On 15% Minimum Corporate Tax
Hungary has blocked an EU directive that would impose a 15% minimum tax on multinational corporations,…
Nigerian FG Estimates Fuel Subsidy Payment Of N6.72 Trillion For 2023
The Nigerian FG has announced that the subsidy on petrol is estimated at N6.72 trillion for 2023, which would be…
German Government Agrees On Bailout For Energy Supplier
The German government has agreed on a bailout for Uniper UN01, -8.24%, which reduced Russian gas imports have hit,…
Fed To Stick To 75 Bps Hike In July; 40% Chance Of Recession
The U.S. Federal Reserve will opt for another 75 basis point rate hike rather than a larger move at its meeting…
Nigeria Positioned To Leverage $65Bn Art Market – Patrons
A Director of Patrons, an art advisory and dealership firm, Keturah Ovi;, says Nigeria has the capacity to tap…
Santander Drops Out Of Citibanamex Sale Process
Santander has dropped out of the process to buy Citigroup's (C.N) Mexican retail bank; after having previously…
Nigeria Petrol Subsidy Seen Nearly 70% Higher At $16.2 Bln Next Year
Nigeria could spend up to 6.72 trillion naira ($16.2 billion) next year if it keeps a fuel subsidy in place;…
German Manufacturing, Services Sectors Shrink In July -flash PMI.
German business activity unexpectedly shrank in July, a preliminary reading of a purchasing managers survey…
Euro Zone Business Activity Contracted In July As Price Rises Bite
Euro zone business activity unexpectedly contracted this month due to an accelerating downturn in manufacturing;…
Pension operators invest N1.99tn via bank placement
Pension funds fixed in bank placements rose by N520.25bn from N1.64tn as of the end of April 2021 to N1.99tn as of…
Poland To Buy Jets, Tanks And Howitzers From South Korea, Says Minister.
Poland will buy 48 FA-50 fighter jets, a first instalment of 180 K2 Black Panther tanks and howitzers from South…
Alpha Bank To Sell Bad Loan Portfolio To Hoist Finance.
Alpha Bank (ACBr.AT), one of Greece's four largest lenders, said it signed a binding agreement to sell; a 400…
Column: Dollar Cresting As Central Banks Ape Fed
Central banks around the world are singing from the U.S. Federal Reserve's hymn sheet - and it could well be a…
Danish Central Bank Raises key Interest Rate In Wake Of ECB Hike.
Denmark's central bank raised its key interest rate by 0.5% points to minus 0.1%; following a rate hike earlier in…
Amazon Strikes $3.5 Bln Deal For One Medical In Long March Into U.S. Healthcare.
\Amazon.com Inc (AMZN.O) agreed to buy primary care provider One Medical (ONEM.O) for $3.49 billion. Expanding the…
UK Firms Report Growth At 17-Month Low, Inflation Pressures Ease -Flash
Britain's businesses grew at their slowest pace in 17 months in July and inflation pressures eased; according to…
Telecom Italia Shares, Bonds Drop After Moody’s Credit Rating Cut.
Telecom Italia (TLIT.MI) shares and bonds fell after ratings agency Moody's downgraded the phone group's credit…
Euro Zone Firms See Continued Inflation, Wage Pressures – ECB Survey.
Businesses across the euro zone continued to report mounting inflation pressures and an acceleration in wage…
TrustBanc Raises N5.85bn From Commercial Paper.
TrustBanc Holdings Limited, the parent company of three regulated financial services companies; said it has…
EXCLUSIVE Citi, Raiffeisen, Other Foreign Banks Seek Staff In Russia As They…
Russian divisions of foreign banks, such as Citi and Raiffeisen Bank International (RBIV.VI); have started looking…
Gogo Inc. To Report Second Quarter 2022 Financial Results On August 5, 2022
Gogo Inc. the world's largest provider of broadband connectivity services for the business aviation market,…
AT&T Sees Higher Wireless Service Revenue As Subscribers Jump
AT&T Inc on Thursday raised its forecast for annual revenue growth at its wireless service business after…
Shopify Partners With YouTube To Shore Up Sales From Content Creators.
Shopify Inc announced a partnership with Alphabet Inc's (GOOGL.O) YouTube to allow merchants to sell through the…
Russia Central Bank Proposes Banning Small Investors From Buying Foreign Shares.
Russia's central bank has proposed banning Russians with holdings worth less than $550,000 from buying foreign…
Southeast Asian Fast Food Operator QSR Again Delays Up To $500 Million IPO.
QSR Brands, the Malaysian operator of KFC and Pizza Hut restaurants in Southeast Asia; has again delayed its…
As Borrowing Costs Rise, Canadian Companies Look To Delay Expansion Plans.
Some Canadian businesses are reconsidering their expansion plans after the central bank's surprise full…
Bitcoin Rises 5.11% to $23,564.93
Bitcoin rose 5.11% to $23,564.93 at 22:05 GMT, adding $1,145.77 to its previous close.Bitcoin, the world's biggest…