By Shankar Ramakrishnan (Reuters) -Banks led by Morgan Stanley have sold to investors another chunky portion of loans that formed the $13 billion debt supporting Elon Musk’s $44 billion acquisition of Twitter, now X, in 2022, a source with knowledge of the deal said. On Thursday, they completed the secondary sale of $4.74 billion of …
Banks sell down more X debt; just $1.3 billion now left on their books Read More »
By Ariba Shahid ISLAMABAD (Reuters) – The World Bank’s private investment arm is increasing equity investments and eyeing large-scale infrastructure financing in Pakistan, in an investment plan that could unlock $2 billion annually over a decade, the institution’s chief told Reuters on Friday. International Finance Corporation chief Makhtar Diop’s maiden visit to Pakistan follows the …
IFC chief says it is doubling down on Pakistan, eyeing large infrastructure financing Read More »
By Florence Tan and Nidhi Verma SINGAPORE/NEW DELHI (Reuters) – Tightened U.S. sanctions on Moscow have disrupted a roaring trade in discounted Russian oil to China and India, reviving demand for Middle Eastern and African crudes, roiling shipping markets and driving up oil prices. Washington’s January 10 sanctions targeted tankers carrying Russian oil in a …
Analysis-Latest US sanctions on Russia throw global oil trade into disarray Read More »
(Reuters) -Fast-fashion group Shein’s plans to list in the UK stock market are likely to be postponed to the second-half of this year after Donald Trump’s move to close so-called “de minimis” rules, the Financial Times reported on Friday. Shein was aiming to go public in London in the first-half of this year, assuming it …
Shein’s IPO to be delayed to second-half after US ‘de minimis’ repeal, FT reports Read More »
BEIJING (Reuters) – China hopes the European Commission will make a “political decision” on its anti-subsidy case against Chinese electric vehicles soon, Commerce Minister Wang Wentao said in a video call with Mercedes-Benz’s Chairman Ola Källenius on Friday. China welcomed European car companies, including Mercedes-Benz, to expand investment in China and deepen their presence in …
China hopes EU to reach ‘political decision’ on EV tariffs soon, commerce minister says Read More »
By Krishna N. Das NEW DELHI (Reuters) – Adani Power has agreed to fully restore supply from a 1,600 MW India power plant to Bangladesh in a few days after a gap of three months but has rejected Dhaka’s request for discounts and tax benefits, two sources told Reuters. Billionaire Gautam Adani’s company halved supply …
Adani to restore full power to Bangladesh in days but differences remain, say sources Read More »
By Ariba Shahid ISLAMABAD (Reuters) – Pakistan’s largest bank, HBL, and global financial information and analytics firm S&P Global have launched a new index to track the country’s manufacturing sector, the companies said on Friday. Rising taxes and power tariffs have led to social unrest and hammered industries in Pakistan’s $350 billion economy, as it …
HBL, S&P Global launch Pakistan’s first manufacturing PMI Read More »
BEIJING (Reuters) – Alibaba’s announcement this week that it will partner with Apple to support iPhones’ artificial intelligence services offering in China has again thrust the spotlight on the country’s AI industry on the heels of DeepSeek. Following are some of the prominent AI services and their developers to watch in China. DOUBAO Developed by …
China’s AI firms take spotlight with deals, low-cost models Read More »
(Reuters) – India’s Asian Paints said on Friday it will sell its Indonesian business to Australia’s Omega Property Investments for S$7.5 million ($5.6 million), citing growth challenges nine years after entering the market. The Indian paint maker said early last year that pursuing growth in Indonesia was “tough” due to profitability and cost control being …
India’s Asian Paints to exit Indonesia in nearly $6 million deal Read More »
LONDON (Reuters) – Japan Tobacco International expects a shift towards cheaper cigarette brands in the United States to reach more than 40% of the market by 2027, its finance chief told Reuters. U.S. smokers have been swapping out brands such as Altria’s Marlboro and British American Tobacco’s (BAT) Newport, which have been raising prices for …
Cheap cigarettes will continue taking US market share, tobacco firm JTI predicts Read More »
