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Retail & ConsumerBritish fashion retailer Ted Baker in bank refinancing Reuters 1/2 People shelter under umbrellas as they pass a Ted Baker a store in London, Britain October 06, 2015. REUTERS/Neil Hall/File Photo Read More Struggling British fashion retailer Ted Baker (TED.L) has refinanced by extending a revolving credit facility with its existing syndicate of lending banks, it said on Tuesday. The group said that under the new agreement a facility of 108 million pounds ($153 million) maturing in September 2022 and a restricted facility of 25 million pounds maturing in January 2022, will be replaced by a new facility of 90 million pounds reducing to 80 million pounds in January 2022 until maturity in November 2023. ....
Sustainable BusinessRabobank offers metal clients performance incentives on sustainability Reuters 1/2 Office buildings and a Rabobank logo are seen amidst the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020. Picture taken June 3, 2020. REUTERS/Loren Elliott Read More Rabobank is offering metal company clients incentives such as lower interest rates if they meet sustainability targets - and piloting penalties for the laggards, an executive from the Dutch lender said on Tuesday. Metal producers, particularly those who make energy-intensive aluminium, are facing growing demands from governments and clients to reduce emissions and source materials responsibly as the world transitions to a low-carbon economy. ....
Essar Oil UK has obtained more than $850 million in financing to replace a former credit facility and access additional capital, it said on Friday. ....
May 19, 202110:51 AM UTC Middle EastAnalysis: Cocoa and cashew nuts: Lebanon s long subsidy list is costing it dear Maha Dahan 1/7 A worker operates a forklift at Bohsali food warehouse in Bchamoun, Lebanon, May 5, 2021. REUTERS/Mohamed Azakir Read More As Lebanon s hard currency reserves dropped alarmingly last year, its subsidy programme expanded to include cocoa powder, cashew nuts and saffron. The move was designed to support local producers who either made the goods or used them as ingredients, and to complement price support for core items like fuel and wheat aimed at ordinary people caught up in a spiralling financial crisis. But for critics of the government, the additions were a sign of a bloated and poorly managed subsidy system that did not always reach the people it was meant to, encouraged smuggling and wasted precious reserves. ....
FinanceCairn Energy sues Air India to enforce $1.2 bln arbitration award - court filing Euan RochaJonathan Stempel 4 minute read The Air India logo is seen on the facade of its office building in Mumbai, India, July 7, 2017. REUTERS/Danish Siddiqui Cairn Energy (CNE.L) has sued Indiaâs flagship carrier Air India to enforce a $1.2 billion arbitration award that it won in a tax dispute against India, according to a U.S. District Court filing reviewed by Reuters. The move ratchets up pressure on Indiaâs government to pay the sum of $1.2 billion plus interest and costs that the British firm Cairn was awarded by an arbitration tribunal in December. The body ruled India breached an investment treaty with Britain and said New Delhi was liable to pay. ....