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Aditi Shah 2 minute read Tata Motors logos are seen at their flagship showroom before the announcement of their Q3 results in Mumbai February 14, 2013. REUTERS/Vivek Prakash/File Photo Indian automaker Tata Motors (TAMO.NS) has raised $425 million through unsecured offshore bonds at a rate of 4.35% to refinance existing debt and meet expenses, according to a term sheet of the deal seen by Reuters. In a statement to the stock exchange, the company confirmed the fund raising and said it will use 225 million pounds ($318 million) of the proceeds to refinance existing loans and the rest to meet corporate expenses. The bonds have a maturity date of June 2026, it said. ....
Reuters 3 minute read Possible harsh Western sanctions against Belarus for its move to force a Ryanair flight to land could exacerbate its economic vulnerability and lead to higher dependence on its neighbour Russia, S&P Global Ratings said on Wednesday. Belarus outraged the West when it forced the Ryanair flight from Athens to Vilnius to land in its capital Minsk on May 23 to arrest a dissident journalist and his girlfriend. EU governments, which described the incident as state piracy, say they are looking at targeting sectors that play a central role in the Belarus economy, to inflict real punishment on President Alexander Lukashenko. read more ....
Reuters 1 minute read World Bank President David Malpass attends the 1+6 Roundtable meeting at the Diaoyutai state guesthouse in Beijing, China November 21, 2019. REUTERS/Florence Lo The World Bank now has $12 billion in COVID-19 vaccine financing available and will have approved vaccination financing operations in over 50 countries by the end of June, the development lender s president, David Malpass, said on Tuesday. Malpass told a joint news conference with the World Health Organization, the International Monetary Fund and the World Trade Organization that it was vital that we speed up the supply chain for vaccine distribution, including shortening the manufacturing time, approvals and allocations of doses that have already been produced. ....