Article content CAIRO — Any agreements by Egypt’s government to purchase Indian wheat will not be affected by an export ban announced by New Delhi, Egypt’s supply minister said on Sunday. “For India, we are talking with them on the basis of a government agreement. The ban exempts governments including the government of Egypt,” minister […]
Article content India’s Adani Group acquired a controlling stake in Holcim AG’s cement businesses in India in a $10.5 billion deal to become the second biggest cement producer in the country, Adani Group said in a statement on Sunday. Asia’s richest person Gautam Adani’s conglomerate acquired 63.19% of Ambuja Cements Ltd and its subsidiary ACC […]
Article content Goldman Sachs Group Inc will allow its partners and managing directors to take as much time off as they want under a new “flexible vacation” scheme to promote “rest and recharge,” The Telegraph reported https://www.telegraph.co.uk/business/2022/05/14/take-many-days-like-goldman-sachs-tells-bosses on Saturday, citing an internal memo. The Wall Street bank memo said that, as of May 1, there […]
Article content HAVANA — Cuba´s ailing economy has begun to recover in some sectors after two years of pandemic-induced contraction but soaring global prices for food and fuel require “audacious” measures to tame inflation, economy minister Alejandro Gil told Cuban lawmakers on Saturday. Gil said Cuba saw a 38% increase in exports in the first […]
Article content BERLIN — NATO will find a sensible solution to accept Finland and Sweden as new members to the alliance despite Turkish concerns, Latvian Foreign Minister Edgar Rinkevics said on Saturday. “We have had those discussions in the alliance many times before. I think that we have always found sensible solutions and that we […]
Article content Pfizer Inc said on Friday that COVID-19 vaccines to be delivered to the European Union in June through August as part of its supply agreement would now be delivered in September through the fourth quarter. The amendment to the delivery schedule was made as part of an agreement with the European Commission. (Reporting […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Anisha Sircar Article content A gauge for Latin American currencies rose on Friday as the dollar dipped, clawing back some gains in a volatile week marred by risk-off sentiment on global growth fears, while Mexico’s peso strengthened after its central bank hiked interest […]
Article content NEW YORK — The U.S. Securities and Exchange Commission on Friday sued a Florida firm it said raised at least $410 million by fraudulently promising investors access to private companies that had potential to conduct initial public offerings. In a civil complaint filed in Manhattan federal court, the SEC also sought asset freezes […]
Article content BRASILIA — Brazil’s central bank presented to the Economy Ministry a proposal for a 22% raise for its employees starting in June amid a strike for wage increases, according to an internal statement on Thursday. Two sources from the Economy Ministry confirmed the request on condition of anonymity. One of them stressed that […]
Article content San Francisco Federal Reserve President Mary Daly on Thursday said she backs the plan to hike interest rates laid out by Fed Chair Jerome Powell and would like to see financial conditions tighten further to help bring inflation down. “Going up in 50-basis-point increments to me makes quite a bit of sense and […]