World Bank commits £9.4bn aid to help poor countries fight virus
THE WORLD Bank has committed $12bn (£9.4bn) to help developing countries cope with the spread of coronavirus.
The aid package includes technical assistance as well...
Today’s special? Walmart set to unload stake in Asda
WALMART, the world’s biggest retailer, may sell a majority stake in UK supermarket chain Asda.
(Click here to see stock prices for the companies mentioned...
Markets catch a cold as virus fears infect stock exchanges
THE Nikkei Index for the Tokyo Stock Exchange has taken a tumble over fears at the spread of coronavirus.
The 4.5 percent slump — which...
Jingle of coins and rustle of banknotes: noises of the past?
By Hal Williams
IT’S A CONFUSING time for cash in Britain — maybe even crunch time in the run-up to the Budget.
The roll-out of limited...
Dedicated proponent of sustainability using ‘tool’ of infrastructure finance
KOMMUNALKREDIT Austria AG is headquartered in the heart of Vienna, and serves German and international markets from its branch office in Frankfurt.
As a specialised...
Credit Suisse chief steps down over bank’s corporate espionage scandal
CREDIT Suisse CEO Tidjane Thiam has resigned after a boardroom battle over a corporate spying incident.
Shares in Credit Suisse dropped four percent at news...
Rogue trader’s abortive career ends with home detention order
A BRITISH stock market trader who caused a trillion-dollar crash on Wall Street in 2010 has been sentenced by an American court to a...
Tepid growth forecast in World Bank’s 2020 report
THE WORLD Bank forecasts a slight increase in global economic growth for 2020.
But the operative word is “slight”: the bank’s prediction is for expansion...
World Bank believes e-commerce brings tangible rewards in China
E-COMMERCE can flourish in developing countries and in rural areas to create employment opportunities, according to research released by the World Bank and the...
Energy exchange group acquires Nasdaq future and options business
ENERGY exchange EEX Group has announced an agreement with US-based Nasdaq Futures (NFX) to buy its futures and options exchange business.
The German-based European Energy...
