Page 62 - Eco News Today

German photovoltaics leasing firm Enpal on Friday said it received 430 million euros ($462.55 million) in debt funding from investors including BlackRock , DWS and ING .

Tesla shares jumped after a tie-up with GM, while investors awaited next week's inflation data and U.S. monetary policy decision.

Pakistan presented its federal budget for the next fiscal year, one of three measures the International Monetary Fund (IMF) will gauge before releasing at least some of the $2.5 billion still pending under a lending programme expiring this month.

Saudi Arabia's economy grew by 3.8% year on year in the first quarter of 2023, the General Authority for Statistics said on Thursday, broadly in line with estimates released last month.

The end of the dominance of the U.S. dollar is nigh as the Chinese yuan rises and the rest of the world sees the peril of the West's failed attempt to bring Russia to its knees over Ukraine, one of Moscow's most powerful bankers told Reuters.

A stocks rally is showing signs of expanding beyond the cluster of giant growth and tech names that have led gains this year.

Japan's economy grew an annualised 2.7% in the first quarter, much higher than the initial estimate for a 1.6% expansion, revised government data showed on Thursday, driven by robust business spending.

China's largest commercial property developer Dalian Wanda Group on Thursday said it is appealing a court decision to freeze 1.9 billion yuan ($266.23 million) worth of shares it owns in a subsidiary.

Worries that have dogged U.S. stocks for months are fading, pushing some Wall Street firms to raise their outlooks for equities and beckoning investors who have remained on the sidelines.

India's central bank kept its key lending rate steady for a second straight policy meeting on Thursday, as widely expected, but signalled that monetary conditions will remain tight for some time as it looks to further curb inflationary pressures.