In finance
-
France Ramps Up Electric Vehicle Ambition as Xi Arrives in Paris
The French government signed a wide-ranging pact with the automotive industry on Monday that sets new targets for electric vehicle sales,...
-
Adani in Talks With Banks to Borrow $600 Million for Gas Unit
Billionaire Gautam Adani's conglomerate is seeking an offshore loan of about $600 million to refinance existing debt, according to people...
-
Zenith Bank Shows Continued Market Leadership With 189% Growth In Q1 Earnings
May 6, (THEWILL)- Zenith Bank Plc has announced its unaudited results for the first quarter ended March 31, 2024, with an impressive triple-digit growth of 189% in Gross Earnings, from N270 billion reported in Q1 2023 to N781 billion in Q1 2024. From the unaudited statement of account submitted to the Nigerian Exchange (NGX) on
-
Gautam Adani in talks with banks to borrow $600 million for gas unit: Report
Billionaire Gautam Adani’s conglomerate is seeking an offshore loan of about $600 million to refinance existing debt. The loan will be raised by Dhamra LNG Terminal Pvt, a unit of Adani Total Pvt, Bloomberg reported quoting people in knowledge of the development. The debt’s tenor could range from three to five years, with the pricing likely linked to the Secured Overnight Financing Rate, the report said.The port-to-power group is discussing the planned transaction with lenders, including Credit...
-
Thailand's new cabinet sworn in
Thai Prime Minister Srettha Thavisin led the new cabinet members in taking the oath of office to King Maha Vajiralongkorn in Bangkok on Friday.
-
Adani in Talks With Banks to Borrow $600 Million for Gas Unit
Billionaire Gautam Adani’s conglomerate is seeking an offshore loan of about $600 million to refinance existing debt, according to people familiar with the matter.
-
Stock market today: Asian shares track Wall St’s advance fueled by cooler jobs data
Asian shares were mostly higher on Monday after Wall Street ended last week with the stock market's best day in over two months in a rally backed by the cooler-than-expected U.S. employment data. U.S.
-
Why shares of REC, PFC, IREDA declined as much as 12% on Monday: Explained
Shares of REC Ltd., Power Finance Corporation Ltd. are down as much as 12% on Monday and have given up most of the gains they made last week. Both stocks had hit a record high in the week gone by.The move comes after Reserve Bank of India's draft guidelines on project financing, which mentioned that 5% general provision should be made on all existing and fresh project loans which are in the "construction phase," meaning before commercial operations commence.These guidelines are proposed to be...
-
The Vanishing American Dream? Inflation Hits Even Six-Figure Earners And Threatens Middle-Class Stability: 'They Don't Feel Like They Can Relax'
The American middle class is grappling with a financial crisis despite earning six-figure incomes, with inflation eroding their purchasing power and threatening their traditional way of life. read more
-
Steward Health Care expected to file for bankruptcy as soon as Sunday - WSJ
Steward Health Care, the largest physician-owned hospital operator in the US, is reportedly set to file for bankruptcy, impacting its relationship with
-
Barratt Developments’ (BDEV) “Overweight” Rating Reiterated at JPMorgan Chase & Co.
JPMorgan Chase & Co. restated their overweight rating on shares of Barratt Developments (LON:BDEV – Free Report) in a report released on Friday morning, MarketBeat.com reports. A number of other equities research analysts have also recently commented on BDEV. Citigroup raised shares of Barratt Developments to a buy rating and set a GBX 615 ($7.73) […]
-
Western Forest Products (WEF) to Release Earnings on Tuesday
Western Forest Products (TSE:WEF – Get Free Report) will release its earnings data after the market closes on Tuesday, May 7th. Western Forest Products (TSE:WEF – Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported C($0.04) EPS for the quarter, topping analysts’ consensus estimates of C($0.05) by C$0.01. […]