Myanmar currency drops 60% in weeks as economy tanks since February coup
Sept 29 (Reuters) – Myanmar’s currency has lost more than 60% of its value since the beginning of September, driving up food and fuel prices in an economy that has tanked since a military coup eight months ago. Many gold shops and money exchanges closed on Wednesday due to the turmoil, while the kyat’s dive […]
Brand-new Positive Facilities (“Ejabiah”) awards core banking system contract to Islamic software powerhouse Path Solutions
September 22, 2021 – The newly established financing company in Saudi Arabia, Positive Facilities Co. Ltd.(“Ejabiah”), has signed an agreement on the 26th of August with Path Solutions for the implementation of its interest-free core banking platform. Ejabiah will be offering a unique and much needed zero-percent interest financing product, which is similar to Qard Hassan or benevolent […]
Analysis: How Wall Street’s hottest dealmaking trend fizzled
Los Angeles Dodgers co-owner Todd Boehly made a lucrative offer last March that Sportradar Group AG (SRAD.O) founder and CEO Carsten Koerl could not pass up.
Canadian Pacific clinches $27-bln Kansas City Southern deal as rival bows out
Canadian Pacific Railway Ltd (CP.TO) inked a $27.2 billion cash-and-stock deal to buy Kansas City Southern (KSU.N) on Wednesday after Canadian National Railway Co (CNR.TO) conceded it could not save its own $29.6-billion deal for the U.S. railway.
Investors turn bearish on global economy though positioning upbeat – BofA survey
Barely a tenth of respondents in a monthly fund manager survey expect a stronger global economy in the coming months, marking the lowest proportion since last April’s initial COVID-19 panic, Bank of America’s (BofA’s) September edition of the survey showed.
Crypto CEOs should cooperate with regulators to unlock future growth -SALT panel
Cryptocurrency executives should work with regulators instead of being their adversary for the sector to grow to its potential, members of a digital currency panel at Wall Street’s SALT conference said on Monday.
EXCLUSIVE Buyout firm Apollo makes $4.3 billion offer to buy Tronox -sources
Private equity firm Apollo Global Management Inc (APO.N) has approached Tronox Holdings Plc (TROX.N), one of the world’s largest pigment manufacturers, with a $4.3 billion all-cash offer, people familiar with the matter said on Monday.
Shares lifted by prospect of lower rates for longer
Global shares posted their longest winning streak in three months on Monday, aided by the chance of low interest rates for longer in the United States and talk of more stimulus in Japan and China, while oil slid as the Saudis cut prices for Asian customers.
Asia stocks in cautious mood, dollar near 1-mth lows
Asian share markets were in a cautious mood on Thursday as concerns grew over the Chinese economy after a run of soft data, while the risk of a sub par U.S. payrolls report kept the dollar on the defensive.
Regulators warn Wells Fargo of new possible sanctions -Bloomberg
Frustrated at the pace of Wells Fargo & Co’s (WFC.N) efforts to compensate victims of its sales practice scandals, U.S. regulators have warned they may impose new sanctions on the bank, Bloomberg reported on Tuesday.
