The Turkish lira weakened on Monday as investor concerns grew over deteriorating economic conditions in the country, while stocks in emerging market suffered their worst drop in nearly three weeks as the corporate earnings season loomed.
The seven-month fight between France’s leading waste and water utilities has ended with honours roughly even. After pulling out all the stops to fend off a takeover by Veolia, Suez on Monday accepted a deal that values the company at almost 13 billion euros. Suez boss Bertrand.
New bank loans in China rose more expected in March from the previous month due to strong corporate and household demand, as the central bank walks a tightrope between supporting the rapidly recovering economy and containing debt risks.
2 Min Read
ABUJA (Reuters) - Nigeria is working on issuing eurobonds and plans to pick advisers through an open bid process, the head of the debt office told Reuters on Wednesday.
Patience Oniha, the director general of the Debt Management Office (DMO), said the amount to be raised would be within the foreign borrowing plans for 2021. The country budgeted to raise 2.34 trillion naira ($6.14 billion) from foreign sources.
Nigeria had planned a eurobond issue early last year after its sixth sale in 2018 where it raised $2.86 billion. But it decided to defer the 2020 sale due to the turmoil caused by the COVID-19 pandemic.
By Reuters Staff
2 Min Read
ATHENS, April 12 (Reuters) - The European Union’s lending arm, the European Investment Bank (EIB), will manage 5 billion euros ($5.96 billion) of the money Greece is due to receive from the European Union’s pandemic recovery fund, officials said on Monday.
Under a multi-billion-euro coronavirus recovery package agreed by EU leaders last year, Athens is to get 19.4 billion euros in grants and 12.7 billion euros in cheap loans in coming years, equal to about 16% of its gross domestic product.
“It’s in fact the first EIB cooperation to implement investments by the recovery and resilience facility anywhere in Europe,” Christian Kettel Thomsen Vice-President of the EIB said during a webcast signing ceremony with the leadership of the Greek Finance Ministry.