India steps in to prevent MTNL bond default
The Indian government will guarantee timely interest payments on a local-currency bond issued by state-owned…
Affinity Partners buys Phoenix stake
Affinity Partners has purchased a $128.5 million stake in Phoenix Holdings Ltd., marking the Saudi-backed firm’s…
HSBC launches new unit for green infrastructure finance
HSBC UK established a new unit, HSBC Infrastructure Finance (HIF), to focus on infrastructure and project finance…
UK grocery inflation slows to ’21 levels
UK grocery inflation has slowed to its lowest level since September 2021, coinciding with the fastest rise in…
Eurozone households renew loan demand – ECB
Eurozone households are increasingly applying for loans for the first time in two years, driven by economic…
US’s 60% tariffs may slash China’s GDP in ’25 – UBS warns
UBS Group AG warned that imposing a 60 per cent tariff on all Chinese exports to the UScould reduce China's GDP by…
GCF approves $52.3m project to aid Malawi’s climate resilience
The Green Climate Fund (GCF) has approved a $52.3 million project to help Malawi cope with climate change and…
Egypt receives LNG shipments
Egyptian Natural Gas Holding Company (EGAS) received the liquefied natural gas (LNG) shipments contracted to meet…
Egypt’s annual core inflation falls to 26.6% in June – CBE
Egypt's central bank (CBE) reported that annual core inflation fell to 26.6 per cent in June, the lowest since…
Japan on alert for renewed intervention as yen weakens
Japanese authorities are closely watching exchange rates and are prepared to take necessary actions to address…
