Breadcrumb Trail Links PMN Business Author of the article: Reuters Tom Balmforth Publishing date: Aug 24, 2022 • 14 minutes ago • 4 minute read • Join the conversation Article content KYIV — Ukraine was “reborn” when Russia invaded six months ago, President Volodymyr Zelenskiy said on Wednesday, marking 31 years of his country’s independence from […]
Article content BANGKOK — Thailand’s Constitutional Court suspended Prime Minister Prayuth Chan-ocha from official duties on Wednesday, after it decided to hear a petition to review his legally mandated eight-year term limit. The court’s surprise move came in response to a petition by opposition parties that Prayuth, the army chief when he first seized power […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Anushka Trivedi Article content MUMBAI — The Indian rupee is likely to strengthen to 78.50-79.50 against the dollar by March 2023, as commodity prices stabilize globally and improving domestic fundamentals lure back foreign portfolio inflows, the country’s top private lender HDFC Bank said. The rupee […]
Article content LONDON — Billionaire Patrick Drahi will not be forced to cut his 18% stake in BT Group after the British government ruled the investment posed no national security implications. BT, Britain’s largest mobile and broadband company which is building the national fiber network, said on Tuesday the government would not take any action […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Upasana Singh Article content China’s yuan touched its weakest in nearly two years on Monday, dragging down most emerging market currencies, after the country’s central bank cut key lending benchmarks, while investors also eyed Indonesia’s central bank meeting this week. The yuan depreciated 0.2%, its […]
Article content DUBAI — Gulf buy now, pay later (BNPL) firm Tamara said on Monday it raised $100 million in a second round of fundraising from investors including Sanabil Investments, which is owned by Saudi Arabia’s sovereign wealth fund PIF. The series ‘B’ funding would support the Saudi-based startup to expand into new markets, and […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Stefano Rebaudo Article content Euro zone government bond yields edged lower on Monday, just off their multi-week highs, as inflation fears kept investors focused on expectations for more monetary tightening. The European Central Bank (ECB) must keep raising interest rates even if a recession in […]
Article content MOSCOW — The Russian rouble pulled back from last week’s near four-week high against the dollar on Monday but held near its strongest levels this month, with a tax payment period that usually sees exporters convert forex revenues into roubles looming. At 0735 GMT, the rouble was 1.4% weaker against the dollar at […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Yadarisa Shabong Publishing date: Aug 22, 2022 • 11 minutes ago • 2 minute read • Join the conversation Article content Cineworld, the world’s second-largest cinema operator, is staring at a possible bankruptcy filing as it struggles to cut debts that soared during the pandemic, it […]
Article content LONDON — More than 1,900 workers at Britain’s biggest container port are due on Sunday to start eight days of strike action which their union and shipping companies warn could seriously affect trade and supply chains. The staff at Felixstowe, on the east coast of England, are taking industrial action in a dispute […]