Over 100 Restaurants to Participate in EatOut & Mastercard’s 5th Nairobi Burger Week Edition
EatOut has partnered with Mastercard for the 5th annual Nairobi Burger Week. This year’s edition is happening from 26th Feb to 7th March 2021 with over 100 participating restaurants.
Nairobi, Kenya February 26th 2021. The famed Nairobi Burger Week by EatOut is back! From 26th Feb to 7th March 2021, diners have the chance to enjoy delicious burgers at over 100 restaurants. EatOut has partnered with Mastercard to offer diners 2-for-1 burger deals, ‘Burger + drink’ meal combos and other value-driven offers. Nairobi Burger Week will not only focus on dine-in services, but also on deliveries through UberEats to cater to a wider market.
Financial News
The four Greensill-linked funds were suspended on 1 March amid uncertainties about their valuations
Credit Suisse Group knew since 2019 that supply-chain finance funds it ran with Greensill Capital were too reliant on a small group of insurers to protect investors against default Getty Images By Friday March 5, 2021 8:01 am
Credit Suisse Asset Management has said it will terminate four funds valued at $10bn which it suspended on 1 March over uncertainty over their valuation.
The four funds invested in assets created by supply chain financing firm Greensill Capital. The four funds were suspended on 1 March after Credit Suisse became concerned that the funds were over-exposed to one of Greensill’s clients steel magnate Sanjeev Gupta.
3 Min Read
FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won
NEW YORK (Reuters) - A major exchange-traded fund tracking the U.S. investment-grade corporate bond market fell on Friday to its lowest since May 2020, after blowout employment data and comments from Federal Reserve Chair Jerome Powell on Thursday increased duration risk.
BlackRock’s iShares iBoxx Investment Grade Corporate Bond ETF fell to a 10-month low of $129.27 and was last trading down 0.33% to $129.51. Since the start of the year, LQD has lost more than 6%.
The improving economic data and increase in inflation expectations that have driven the U.S. benchmark 10-year Treasury yield to its highest in more than a year have also driven yields up - and prices down - on investment-grade debt. Investment-grade bonds tend to have longer durations than those in the junk-rated market. They are therefore more sensitive to inflation risks,