Saudi Arabia-based Islamic Development Bank has revised the price guidance for its five-year dollar sukuk issue to 40-43 basis points (bps) over mid-swaps, a document from one of the lead banks on the deal showed on Wednesday.
China is widely expected to cut its benchmark lending rate on Thursday, according to a survey of traders and analysts, after the central bank lowered the interest rate on medium-term loans earlier this week.
General Motors will begin laying off around 1,500 employees in Thailand in June, after announcing the sale of its production plants in the country, a government official said on Wednesday.
Lebanon will invite eight firms to bid to be its financial adviser as it studies all options on its sovereign debt, a source familiar with the matter said on Wednesday, as the heavily indebted state battles a financial crisis.
Big manufacturing hubs on the Chinese coast are starting to loosen curbs on the movement of people and traffic while local governments prod factories to restart production, following weeks of stoppages due to the coronavirus outbreak.
(RTTNews) - Asian stocks ended mostly higher on Wednesday, although the upside remained limited amid renewed worries about the economic impact of the coronavirus outbreak.
Casinos in Macau, the world's biggest gambling hub, reopen on Thursday after being closed for two weeks because of the coronavirus epidemic, but all punters and croupiers will have to wear a mask at the tables.
In his poem "Rough Path", Yousef Kamara reflects on his years selling drugs and stealing as the leader of a street gang in Sierra Leone's capital, Freetown.
London-based hedge fund Odey Asset Management said it would vote against Anglo American's bid to acquire Sirius Minerals at the current offer price of 5.5 pence per share, saying the terms do not represent fair value.
General Motors will begin laying off around 1,500 employees in Thailand in June, after announcing the sale of its production plants in the country, a government official said on Wednesday.
European shares rose on Wednesday, supported by a weaker euro, while a decline in the number of new coronavirus cases raised hopes that the impact of the epidemic on the global supply chain would be short-lived.
Vodafone and Telekom Italia have offered to allow rivals access to sites in some cities for up to nine years, a proposal aimed at allaying EU antitrust concerns over the creation of Italy’s largest mobile tower company, according to an EU document seen by Reuters.
Metro Bank on Wednesday named interim Chief Executive Dan Frumkin to the role permanently, tasking him with leading the British lender past an accounting scandal that plunged it into crisis last year.
Shares in Shanghai ended a three-day winning streak on Wednesday as worries persisted over
the spreading coronavirus epidemic, which has claimed more than 2,000 lives and weighed on business activity in the country.
SoftBank Group Corp said on Wednesday it plans to borrow up to 500 billion yen ($4.5 billion) from 16 domestic and foreign financial institutions using part of its stake in telco SoftBank Corp as collateral.
Shanghai has compiled a list of firms, including local units of multi-nationals Unilever PLC and 3M Co, as eligible for millions of dollars in subsidised loans to ease any blow from the coronavirus outbreak, according to bankers and documents seen by Reuters.
South African mining company Sibanye-Stillwater reported a near 80% surge in full year earnings on Wednesday following a rebound in the second half on the back of rising precious metals prices and the inclusion of its Marikana operations.
Eight years on from claiming a stunning high bar gold for the Netherlands at the London Olympics, gymnast Epke Zonderland is yet to breathe easy as he plots his way across a qualifying tightrope to Tokyo.
Swiss pumpmaker Sulzer said on Wednesday it expected the coronavirus outbreak to hit orders and revenue in China during the first half of 2020 before a recovery in the second half of the year.
Reuters
Checked
7 minutes 34 seconds ago
This feed is responsible for generating the rss feed related to the topic latest article