By Libby George LONDON (Reuters) -The European Bank of Reconstruction and Development has extended the deadline for its shareholders to subscribe to a 2023 capital increase, the lender’s president said, and is in talks with its biggest contributor, the United States, on the issue. Just over 60% of the EBRD’s 75 shareholders – including Japan …
Awaiting US cash, EBRD gives funders till end of the year to pay up Read More »
By Yadarisa Shabong (Reuters) -Metals investor Cobalt Holdings said on Monday it plans to raise about $230 million in an initial public offering in London, potentially the largest listing in the UK capital since early 2024, in which Glencore will take a stake in the group. The company, which holds physical cobalt and has a …
DUBAI (Reuters) – Saudi Arabian budget airline flynas, backed by billionaire Prince Alwaleed Bin Talal, is seeking to raise up to 4.1 billion riyals ($1.1 billion) from an initial public offering in Riyadh, it said on Monday. The airline, which is selling a 30% stake to investors in the first IPO by a Gulf airline …
Saudi airline flynas launches IPO to raise up to $1.1 billion Read More »
LONDON (Reuters) -As global growth worries deepen, the coming days could be defined by relief if further U.S. trade deals come through – with focus on China – or more pessimism if disappoint. U.S. President Donald Trump heads to the Middle East, Asian currencies are on the rise, and Germany’s new leader just got off …
(Reuters) -S&P Global affirmed Israel’s long- and short-term foreign and local currency sovereign credit ratings at “A/A-1” and warned that prolonged or intensified military conflict could negatively impact its economic, fiscal and balance of payments performance. Israel’s resumed military operations in Gaza, along with ongoing military activities in neighboring Lebanon and Syria, continue to elevate …
S&P affirms Israel’s credit ratings amid heightened security risks, economic uncertainty Read More »
By David Milliken, Suban Abdulla and William Schomberg LONDON (Reuters) – (This May 8 story has been corrected to say two-thirds of the impact is due to the direct effect of tariffs on demand for UK imports, not because of weaker global growth, in paragraph 16) The Bank of England cut interest rates on Thursday …
Bank of England cuts rates in split decision before US tariff deal Read More »
SAO PAULO (Reuters) – Brazilian pulpmaker Suzano is assessing opportunities for merger and acquisitions that total $3 billion, Chief Executive Beto Abreu said on Friday, although taking a more “strict” stance on their returns given global uncertainties. Suzano is interested in sectors like packaging, tissue, fluff pulp and in the textile market, Abreu told journalists …
Brazil’s Suzano mulls M&A opportunities totaling $3 billion, CEO says Read More »
By Promit Mukherjee OTTAWA (Reuters) -Canada’s unemployment rate rose to 6.9% in April, the highest since November, as U.S. tariffs started to hit Canada’s export-dependent economy in earnest, data showed on Friday. The high unemployment rate in Canada, where the number of jobless people is inching towards 1.6 million, was partly a result of U.S. …
Canada’s unemployment rate jumps to 6.9% in April as Trump tariffs bite Read More »
TORONTO (Reuters) -Canada’s unemployment rate rose to 6.9% in April and the employment number was largely flat with minimal gains of net 7,400 jobs, Statistics Canada data showed on Friday. Market reaction: [CAD/] Link: COMMENTARY ALI JAFFERY, SENIOR ECONOMIST, CIBC CAPITAL MARKETS “Overall, we are seeing a job market that was weak heading into the …
By Selena Li, Yantoultra Ngui and Anton Bridge HONG KONG/SINGAPORE (Reuters) -A sharp rally in Asian currencies is set to boost demand for wealth and forex products as clients seek alternatives to U.S. dollar-denominated assets and demand for hedging grows amid trade tariff uncertainties, bankers and analysts say. The rally in the currencies since last …
Asian banks see big boost to wealth business as currencies rally Read More »
