By Reuters Staff
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CAPE TOWN, May 25 (Reuters) - South Africa’s Trans-Caledon Tunnel Authority (TCTA) has raised just over 15 billion rand ($1.09 billion) in capital markets to continue construction of the Lesotho Highlands water project, the minister of water and sanitation said on Tuesday.
The state-owned TCTA needed guarantees from the National Treasury before it could raise the private funding for the project which is designed to improve water access for millions of people in South Africa’s economic heartland in Gauteng province.
“So, we have the resources, we have the guarantees and now we can assure you that we will be hard at work to provide water security,” minister Lindiwe Sisulu told lawmakers.
Spain released 15 billion euros ($18.38 billion) in state-backed loans to help companies and self-employed people recover from the COVID-19 crisis, Government Spokeswoman Maria Jesus Montero said on Tuesday.
By Reuters Staff
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SINGAPORE, May 24 (Reuters) - Singapore’s Court has accepted a request to freeze up to $3.5 billion of worldwide assets of Lim Oon Kuin and his two children following the collapse of Lim’s oil trading firm Hin Leong Trading Pte Ltd, the company’s liquidators told creditors in an email seen by Reuters.
Court-appointed liquidators of Hin Leong, the Lim family and their lawyers, and the Singapore High Court did not immediately respond to requests for comment on Monday. (Reporting by Anshuman Daga and Jessica Jaganathan; Editing by Himani Sarkar)
Nikkei inches up 0.2%, S&P futures shade firmer Eyes on U.S. inflation, Fed speakers for tapering clues Bitcoin savaged as China clamps down on crypto mining
SYDNEY, May 24 (Reuters) - Asian shares were mixed on Monday as investors awaited key U.S. inflation readings for guidance on monetary policy, while Bitcoin tried to steady after being hammered on news of China’s clampdown on mining and trading of cryptocurrencies.
MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.1% in slow trade. Japan’s Nikkei added 0.2% and Chinese blue chips 0.2%.
Nasdaq futures rose 0.1% and S&P 500 futures firmed 0.3%. EUROSTOXX 50 futures and FTSE futures added 0.2%.