20/10 A hearing in the court case between MTN and Nigeria's central bank in a dispute over the alleged transfer of $8.1 billion of funds by the telecoms firm, has been set for Oct. 30, a lawyer for MTN said on Friday.
01h01 Brazil's presidential
front-runner Jair Bolsonaro said on Saturday he does not rule
out keeping acclaimed central bank chief Ilan Goldfajn in the
job, on a day that thousands took to the streets of major. . .
00h00 Germany's Finance Minister Olaf
Scholz has proposed a global minimum rate of corporation tax
coupled with tougher measures to prevent tax evaders from
stashing their profits in tax havens, newspaper Welt am Sonntag
reported.. . .
20/10 Iraqi Oil
Minister Jabar al-Luaibi has reversed his decision to transfer
the ownership of nine state-owned oil companies from the
ministry to the newly formed National Oil Company, the ministry
said on Saturday.. . .
20/10 Iraq is seeking to produce 7
million barrels of oil per day (bpd) through its newly
established National Oil Company and to export 4 million bpd in
2019, Oil Minister Jabar al-Luaibi said on. . .
software maker CrowdStrike Inc has hired investment bank Goldman
Sachs Group to prepare for an initial public offering
that could come in the first half of next year, people familiar
with the matter said. . .
20/10 Italy would never willingly choose
to leave the single currency and would drop out only if it were
forced to, Italian European Affairs Minister Paolo Savona said
on Saturday in a televised speech.. . .
20/10 Chinese Premier Li Keqiang said
at a meeting between Asian and European leaders in Brussels that
China will continue to open up its economy, push forward reforms
and improve its business environment, the official. . .
20/10 Bank of Japan Deputy Governor
Masayoshi Amamiya said on Saturday it was doubtful whether
central banks could enhance the effectiveness of their monetary
policies by issuing digital currencies.. . .
20/10 Zimbabwe aims to clear its $2 billion arrears with the World Bank and African Development Bank in the next 12 months, after securing the support of international creditors and donor countries,. . .
20/10 Exports of Malaysian palm oil products for October 1 - 20 fell 15.3 percent
to 890,622 tonnes from 1,051,807 tonnes shipped during September 1 - 20, according to independent inspection company AmSpec. . .
20/10 China's new home prices
increased at a firm pace in September, supported by gains in
smaller cities and showing the market remained resilient despite
pressures from softer investment, a slowing economy and
government curbs on. . .
20/10 Exports of Malaysian palm oil products for October 1 - 20 fell 26.0 percent
to 811,012 tonnes from 1,096,297 tonnes shipped during September 1 - 20, cargo surveyor Intertek Testing Services said. . .
20/10 Fitch on Friday upgraded
Cyprus's credit ratings to BBB- from BB+, the second ratings
agency in the space of little over a month to pull the island
back into investment grade territory after a. . .
20/10 Moody's on Friday cut Italy's
sovereign debt rating to one notch above junk status because of
concerns over government budget plans, but in a move that could
calm investor anxiety, it said the outlook. . .
Donald Trump on Friday threw his support behind speeding up
water projects for agriculture and hydropower in the arid U.S.
West, a move aimed to help build support for Republicans in
tight congressional races. . .
19/10 Lotto fever was running high on Friday as
the U.S. Mega Millions lottery jackpot soared to a record $1
billion, hours before the drawing for what is also the
second-largest lottery prize in U.S.. . .
inflation, now at 40.5 percent on a 12-month basis, is expected
to peak for 2018 in September and October, Treasury Minister
Nicolas Dujovne said on Friday in an address to a business
conference in. . .
19/10 Stocks dipped on Friday,
dragging a global index into a fourth consecutive weekly loss,
while the euro and sterling rallied against the dollar after a
report said Britain is ready to drop a key. . .
19/10 The U.S. benchmark S&P 500
stock index edged lower on Friday as strong earnings from
Procter & Gamble Co were offset by ongoing concerns about
rising interest rates and tensions over trade policy denting
economic. . .
19/10 U.S. soybean futures fell to a
one-week low on Friday and recorded a second straight weekly
decline, pressured by fresh cancellations of U.S. soybean sales,
Corn futures fell for. . .
19/10 U.S. President Donald Trump
is scheduled to meet the chief executives of the biggest U.S.
defense companies at Luke Air Force Base in Arizona on Friday to
discuss how they can source more parts. . .
19/10 Oil prices rose on Friday on
signs of surging demand in China, the world's No. 2 oil
consumer, although prices were headed for a second weekly
decline on swelling U.S. inventories and concern that. . .
19/10 Latin American currency and stock indices
were on track to log weekly gains for a fifth straight week,
with most currencies firming on Friday, while stock markets
trimmed gains as the rally on Wall. . .
19/10 U.S. Treasury yields rose on
Friday, with the 10-year yield hovering near a one-week high as
traders pared safe-haven bond positions stemming from hopes for
reduced tension between Italy and the European Commission over
the. . .
19/10 The Canadian dollar weakened to
its lowest in more than five weeks against the greenback on
Friday after domestic data showing a slowdown in inflation
suggested the Bank of Canada would be unlikely to. . .
19/10 Ukraine secured a new $3.9 billion
stand-by aid agreement with the International Monetary Fund on
Friday, helping the country maintain financial stability and the
trust of investors as it heads into a choppy election. . .
19/10 The European Commission told
France, Spain, Belgium, Portugal and Slovenia on Friday that
their 2019 budget proposals did not meet recommended targets for
cutting longer-term deficit cycles, but Paris played down the
criticism.. . .
19/10 Standard & Poor's and Moody's downgraded
Spanish supermarket chain DIA's credit ratings to
below investment grade, after the retailer issued its third
profit warning in 12 months earlier this week.. . .
19/10 The leaders of Italy's ruling
coalition parties accused each other on Friday of misleading
voters over a disputed tax amnesty in their most acrimonious
falling-out since they formed a government in June.. . .
19/10 U.S. Federal Reserve
officials are monitoring the case of missing Saudi journalist
Jamal Khashoggi and the possibility that any sanctions against
Saudi Arabia could disrupt oil markets, Atlanta Fed President
Raphael Bostic said on Friday.. . .
19/10 A report on risks to the
stability of derivatives markets posed by Brexit could lead to
regulatory intervention, European Commission officials said on
Thursday, dismissing warnings they could tumble off a cliff if
Britain leaves. . .
19/10 A consortium led by Portugal's
EDP Renewables (EDPR) will invest 125 million euros ($144
million) over three years in a 25 megawatt (MW) floating
offshore wind farm, EDPR's principal shareholder Energias de
Portugal said on. . .
19/10 Air France-KLM's new
Chief Executive Ben Smith struck a pay deal with French unions
on Friday, drawing a line under a protracted standoff that had
led to costly strikes and the abrupt departure of. . .
19/10 Estonia said on Friday it was
planning to toughen anti-money laundering rules by forcing
people suspected of benefiting from suspicious financial
transactions to prove their wealth came from legitimate sources.. . .
19/10 Cambodia failed on Friday to
allay criticisms of authoritarianism and rights abuses that
threaten the country's duty-free trading access to the European
Union, the EU's top diplomat said after talks with its premier.. . .
19/10 Britain's top share index closed
higher on Friday as a stronger U.S. dollar boosted multinational
stocks, higher oil prices lifted energy majors and investors
sought safety in utilities and companies deemed less risky amid
economic. . .
19/10 The European Union signed a
free-trade deal with Singapore at a summit with Asian leaders on
Friday and pressed China to allow greater foreign investment in
its economy, but ran into familiar resistance from. . .
19/10 European stocks ended a choppy
trading session broadly flat on Friday but managed to eke out a
weekly gain despite mixed third-quarter earnings and while the
budget row between Italy's populist government and. . .
19/10 Canada's finance ministry on Friday
released final figures for the 2017/18 fiscal year and said the
budget deficit was slightly smaller than initially forecast,
while the debt-to-GDP ratio had edged up.. . .
19/10 The global watchdog for money
laundering will set up its first rules on oversight of
cryptocurrencies by June, a major step towards creating
international standards for an asset currently subject to patchy
regulations.. . .
19/10 The German government will
propose legislation to guarantee airline cabin crew have the
right to set up a works council, the labour minister said on
Friday, in an action aimed at Ireland's Ryanair.. . .
19/10 Custodian bank State Street Corp
said on Friday it expects fourth-quarter servicing fee revenue -
its main earnings driver - to remain flat compared with the
third quarter, sending its shares down 10 percent.. . .
19/10 German industrial
conglomerate Thyssenkrupp has declared force majeure
as the Rhine's extremely low water levels are disrupting the
delivery of raw materials to its Duisburg plant, the company
said on Friday.. . .
19/10 Schlumberger NV, the world's
largest oilfield services provider, reported a slight profit
beat on Friday but cautioned that North American growth would
slow due to transportation bottlenecks and hurt results next
quarter.. . .
19/10 The pound rose on Friday after EU
Brexit negotiator Michel Barnier said a deal with the United
Kingdom was 90 percent done, although undercurrents of
uncertainty in Britain kept the gains in check.. . .
19/10 UK-based financial technology
firm TransferWise plans to nearly double its Asia Pacific
headcount and link up with new instant payments infrastructure
in both Hong Kong and Singapore, its chief executive said in an
interview.. . .
19/10 Argentine President
Mauricio Macri is used to seeing bad poll numbers as he
struggles to drive through an unpopular austerity program that
has cut fuel subsidies, raised taxes and sent utility bills
soaring.. . .
19/10 India's interest rate setting
committee sees a risk of rising headline inflation from high
crude oil prices and a weak rupee, indicating potential rate
hikes ahead even as it held rates unchanged at its. . .
19/10 Standard Chartered is a
facing "a significant challenge" to meet its 2018 cost reduction
targets and will likely cut jobs, freeze hiring and reduce
investment, its chief financial officer said in an internal
email.. . .
19/10 Pakistani conglomerate Engro
Corp Ltd said on Friday it had "no obligation" to
renegotiate a contract with the government for imported
liquefied natural gas (LNG), a day after the new petroleum
minister said it would. . .
19/10 Brazil's BRF SA the
world's largest chicken exporter, said on Friday it has been
cooperating with authorities handling a probe into whether it
colluded with health officials to evade food safety checks,
lifting its shares. . .
19/10 Shares in Spanish banks rebounded
on Friday after the Supreme Court said it would review the
impact of a ruling on mortgage stamp duty after initially saying
on Thursday that banks would have to. . .
19/10 Piraeus Port Authority (PPA),
operator of Greece's largest port, wants the Greek government to
speed up the approval of an investment plan that aims to attract
more business to one of Europe's largest harbours,. . .
19/10 Poland led a rise in Central
European government bond yields on Friday as Italy's dispute
with the European Union over its plan for higher budget deficits
also boosted debt yields in the euro zone,. . .
19/10 While France has experienced
political turbulence and disappointing economic data in recent
months, beneath the surface are signs of deeper change that
suggest President Emmanuel Macron's reform drive is starting to
bear fruit.. . .
19/10 Acacia Mining threatened
to use a bilateral investment treaty to force face-to-face talks
with Tanzania over a long-running tax dispute that has seen the
gold miner hit with a huge tax bill.. . .
19/10 Ryanair said on Friday it
had reached an agreement with British, Portuguese and Italian
pilots on contentious seniority and home base issues as the
Irish budget airline seeks to end a damaging series of. . .
19/10 Britain's government recorded a
smaller budget deficit than expected in September, but the
improvement is unlikely to give much help to finance minister
Philip Hammond as he prepares his annual budget.. . .
19/10 British packaging group
DS Smith is expected to launch the sale of its plastic
packaging division in November, three sources familiar with the
matter said, in a deal that could be worth around $800. . .
19/10 Sweden's Atlas Copco
reported lower than expected third-quarter orders on
Friday and forecast softer demand for the remainder of the year,
sending shares in the industrial equipment maker tumbling.. . .
19/10 Disputes over U.S. tariffs and
retaliatory moves by other states have sparked 12 requests for
adjudication at the World Trade Organization, signalling an
escalation in global trade tensions.. . .
19/10 German Finance Minister Olaf
Scholz is working with international counterparts on a global
minimum corporate tax, a ministry spokesman said on Friday, as
governments look to prevent companies from shopping around for
tax havens.. . .
19/10 Turnaround specialist Melrose
has fired the starting gun on a break-up of Britain's
250-year old GKN by launching a sale of the engineer's powder
metallurgy business which could fetch around 1.5 billion pounds
($1.96 billion).. . .
19/10 European politicians have
called for action to tackle dividend stripping after Reuters and
other media revealed how large banks were involved in trading
schemes that cost taxpayers billions of euros.. . .
19/10 A key festival brought
little activity to the physical gold market in India this week
as purchases remained significantly lower than normal with
domestic prices jumping to the highest in more than two years.. . .
19/10 German exports to Iran have
dwindled since the United States pulled out of the international
nuclear deal with Tehran, data showed on Friday, despite
Berlin's attempts to shield companies from renewed U.S.
sanctions against Tehran.. . .
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