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CAIRO, March 31 () – Egypt expects a total deficit of 445.1 billion Egyptian pounds ($25.76 billion) in its 1.575 trillion pound draft 2019/2020 budget, the finance ministry said in a report on Sunday. The government aims for the deficit to be 7.2 percent of gross domestic product, versus 8.4 percent targeted in the 2018/2019 […]
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ALGIERS, March 31 () – Algerian President Abdelaziz Bouteflika named a new caretaker government on Sunday, keeping Army Chief of Staff Ahmed Gaed Salah in his post as deputy defence minister even after he called for Bouteflika to be declared unfit for office. Announcing the new cabinet, state television said Bouteflika had appointed central bank […]
Continue ReadingFILE PHOTO: Member of parliament Amelie de Montchalin of « La Republique en Marche » (Republic on the Move or LREM) political party attends the questions to the government session at the National Assembly in Paris, France, October 24, 2017. /Charles Platiau/File PhotoPARIS () – French President Emmanuel Macron appointed legislator Amelie de Montchalin as new European […]
Continue ReadingIt is one of Coventry’s original car makers and a project aimed at keeping its history alive means it is set to make a dramatic return to the city.Riley was a pace-setter in the early days of the car industry and also gained an enviable reputation in the world of motor racing. Like many British […]
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PARIS, March 31 () – French president Emmanuel Macron appointed legislator Amelie de Montchalin as new European affairs minister on Sunday to replace Nathalie Loiseau in a small expected cabinet reshuffle two months before the European elections. Loiseau quit her job on Wednesday to lead President Emmanuel Macron’s party for the European election campaign. The […]
Continue ReadingLOS ANGELES, (Variety.com) – Disney’s “Dumbo” had an underwhelming liftoff at the domestic box office. Tim Burton’s live-action remake debuted with $45 million from 4,259 North American theaters, below expectations heading into the weekend. Producer Katterli Frauenfelder, actor Colin Farrell, actor Nico Parker, director Tim Burton, actor Finley Hobbins, actor Eva Green, actor Danny DeVito, […]
Continue ReadingFILE PHOTO: President of Dutch central bank De Nederlandsche Bank (DNB) Klaas Knot arrives for the Frankfurt Finance Summit in Frankfurt March 19, 2013. /Lisi Niesner BERLIN () – Dutch central bank Governor Klaas Knot expects the euro zone economy to recover speed in the second half after a sluggish start to the year, but […]
Continue ReadingTOKYO () – Japanese lenders should not blame the Bank of Japan’s ultra-loose monetary policy for their inability to boost trading revenue or for poor returns borne of lax risk management, the newly appointed head of the country’s banking lobby said. FILE PHOTO: Makoto Takashima speaks during an interview with at the bank’s headquarters in […]
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DUBAI, March 31 () – Stock markets in the Gulf were mixed on Sunday with Abu Dhabi experiencing losses after some shares traded ex-dividend last week, while the Saudi market was lifted by the banking sector. The Saudi index added 0.4 percent, with Al Rajhi Banking & Investment Corporation up 1.7 percent and registering the […]
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DUBAI () – The United Arab Emirates’ economy grew by around 1.7 percent in 2018, slower than projected despite a boost from higher oil prices, official preliminary data showed. The UAE growth figures follow Dubai’s disclosure last week that its economy grew by 1.94 percent in 2018, its slowest pace since a contraction in 2009 […]
Continue ReadingFILE PHOTO: President of Dutch central bank De Nederlandsche Bank (DNB) Klaas Knot arrives for the Frankfurt Finance Summit in Frankfurt March 19, 2013. /Lisi Niesner BERLIN () – Dutch central bank Governor Klaas Knot expects the euro zone economy to recover speed in the second half after a sluggish start to the year, but […]
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(Adds comments on bank financing, Brexit) BERLIN, March 31 () – Dutch central bank Governor Klaas Knot expects the euro zone economy to pick up speed in the second half after a sluggish start to the year, but in an interview with Handelsblatt the noted hawk was distinctly dovish on long-term interest rates. Knot, one […]
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DUBAI, March 31 () – Saudi Arabia’s economy grew in the fourth quarter of last year at its fastest rate since early 2016 due to an expansion in the oil sector, while non-oil growth was sluggish, statistics agency data showed on Sunday. Fourth-quarter gross domestic product grew by 3.59 percent from a year earlier. In […]
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DUBAI () – Saudi Arabia plans to issue 118 billion riyals ($31.5 billion) in debt this year to help finance the national budget deficit, the country’s Debt Management Office (DMO), part of the ministry of finance, said. Saudi Arabia has borrowed extensively over the past few years to refill state coffers depleted by a drop […]
Continue ReadingFILE PHOTO – A waiter prepares a table for service at Haidilao’s new artificial intelligence hotpot restaurant in Beijing, China, November 14, 2018. /Jason Lee/File Photo BEIJING () – Growth in China’s services industry quickened in March, an official survey showed on Sunday, offering some respite for a slowing economy. The official non-manufacturing Purchasing Managers’ […]
Continue ReadingIf you have ever fancied living in a unique 21st century designed family home in a unique location, our dream home of the week is right up your street.The Spinney is a six bedroom family home on Fulbrook Lane – in between Warwick and Stratford. Despite being just a short distance away from two of […]
Continue ReadingFILE PHOTO: The Australian Prime Minister Scott Morrison attends a news conference in Canberra, Australia August 24, 2018. /David GrayMELBOURNE () – Australia’s budget for the 2019/20 fiscal year will include an additional A$570 million ($404.36 million) for national security to boost counter-terrorism and anti-espionage operations, The Weekend Australian newspaper reported on Saturday. The extra […]
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(Adds CFO comments on deals) By Carolina Mandl SAO PAULO, March 29 () – Brazil’s Caixa Economica Federal is mulling strategic partnerships for its credit card, asset management and insurance units before taking them public, Chief Financial Officer Andre Laloni said on Friday. This strategy is part of Caixa’s plan to raise up to 100 […]
Continue ReadingBEIJING/PALM BEACH, Fla. () – U.S. President Donald Trump said on Friday that trade talks with China were going very well, but cautioned that he would not accept anything less than a “great deal” after top U.S. and Chinese trade officials wrapped up two days of negotiations in Beijing. China’s Vice Premier Liu He (C) […]
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() – TransferWise Ltd, the money transfer startup whose investors include entrepreneur Richard Branson and PayPal Holdings Inc founders Peter Thiel and Max Levchin, is seeking to sell a stake in itself in a new fundraising round, people familiar with the matter said on Friday. The fundraising comes as TransferWise and other startups are shaking […]
Continue ReadingFILE PHOTO: Argentina’s Central Bank facade, in Buenos Aires, Argentina March 26, 2019. /Agustin MarcarianBUENOS AIRES () – Argentina’s finance ministry sent a bill to Congress on Friday for a new central bank charter that bans the entity from financing the Treasury and once again emphasizes its main role as fighting inflation. The bill, which […]
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ANKARA, March 29 () – Turkish President Tayyip Erdogan said on Friday that a “positive trend” of firming in the lira exchange rate had started but was not yet at “an ideal level”, after the currency experienced a volatile week ahead of Sunday’s local elections. The lira weakened to as far as 5.6750 against the […]
Continue ReadingBEIJING () – The United States and China said they made progress in trade talks that concluded on Friday in Beijing, with Washington calling them candid and constructive, as the world’s two largest economies try to resolve a bitter, nearly nine-month trade war. China’s Vice Premier Liu He (C) talks with US Treasury Secretary Steven […]
Continue ReadingBOSTON () – A federal judge on Friday nixed the international family vacation plans of a former senior executive at private equity firm TPG Capital charged in connection with the U.S. college admissions scandal, saying he posed a flight risk. William McGlashan Jr., a Senior Executive at TPG private equity firm facing charges in a […]
Continue ReadingFLORENCE/MILAN () – Italian fashion house Roberto Cavalli, which has posted a string of losses in recent years, will seek a deal with its creditors to keep the business running while it finds a new investor, the company said on Friday. FILE PHOTO: A company logo is pictured outside a Roberto Cavalli store in Vienna, […]
Continue Reading() – Wells Fargo & Co’s plan to bring in an outsider as its next chief executive could give the scandal-plagued bank a much needed fresh start, but a turnaround will not be easy for whoever takes the helm, analysts said. FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January […]
Continue ReadingBOSTON () – A federal judge on Friday nixed the international family vacation plans of a former senior executive at private equity firm TPG Capital charged in connection with the U.S. college admissions scandal, saying he posed a flight risk. William McGlashan Jr., a Senior Executive at TPG private equity firm facing charges in a […]
Continue Reading() – Versum Materials Inc has opened its books to suitor Merck KGaA, saying the German group’s unsolicited $5.9 billion offer might be sweetened and could edge out an agreed merger with Entegris. FILE PHOTO: A logo of drugs and chemicals group Merck KGaA is pictured in Darmstadt, Germany January 28, 2016. /Ralph Orlowski/File Photo“Merck’s […]
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(Adds CEO, CFO comments) By Carolina Mandl SAO PAULO, March 29 () – Brazil’s Caixa Economic Federal posted a fourth-quarter net loss of 1.113 billion reais ($287 million) after major writedowns demanded by the Brazilian central bank, Chief Executive Pedro Guimaraes said on Friday. A real estate writedown of 2.2 billion reais followed efforts by […]
Continue Reading() – European shares rose on Friday and headed for their best quarterly performance in four years, helped by encouraging signals from U.S.-China trade talks and a surge for the world’s second-biggest apparel retailer, H&M. The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, October 9, 2017. /Staff/RemoteThe […]
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