In a statement credit ratings agency Fitch said, if Russia were to repay the two U.S. dollar bond coupon maturing on Wednesday in roubles, it would amount to a sovereign default once the grace period expires. Western sanctions on Russia… Read More ›
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Standard Chartered arranges water supply project worth $1.1 billion for Angola
In a statement Standard Chartered said, it had arranged $1.1 billion in financing to the Angolan government for a water supply project that will serve its capital city Luanda. The funding is made up of two loans – a $910 million… Read More ›
Visa eyeing acquisition of European open banking platform Tink
In a statement Visa Inc said, it had agreed to a $2.2 billion (1.8 billion euro) takeover of European open banking platform Tink. Founded in 2012, Sweden-based Tink is an open banking platform that enables banks and other financial institutions to… Read More ›
Trump Administration bolster ban on U.S. investors funding Chinese military modernization
In a statement the White House said, U.S. President Donald Trump has signed an executive order which further strengthens the November ban on U.S. investments in companies which are allegedly controlled or owned by the Chinese military curbing their access… Read More ›
Britain-U.S. trade negotiations intensify ahead of critical U.S. Presidential elections
In a significant development, British trade minister Liz Truss said, Britain and the United States are intensifying trade negotiation. The announcement comes ahead of the start of the fifth round of negotiations focused on goods tariffs. Britain has placed a… Read More ›
Equivalence for financial services not part of Brexit negotiations: EU
In a statement, the European Commission stated, Brexit negotiations with Britain will not include British financial firms gaining access to the EU market. The clarification comes in the wake of Britain stating it wants a “legally binding” framework to access… Read More ›
Chinese strategy of wearing down opponent with prolonged negotiations not working, EU won’t meet China halfway in investment talks: EU Trade Chief
During a press conference held by business lobby group BusinessEurope, EU trade chief Phil Hogan made it amply clear that the European Union wants China to protect foreign investment and increase access to its investment market in 2020. The EU… Read More ›
Complicated migration policy post-Brexit will lead to shortage of skilled workers
On Thursday, a leading employer’s group stated, Britain’s plans to introduce a new system for immigration after Brexit is likely to lead to be complicated and cause a shortage of skilled workers. According to the results of a survey, more… Read More ›
Franklin Templeton’s K2 Advisors expands its footprint in Europe
Franklin Templeton has launched a new fund range in Luxembourg which provides local investors access to U.S. based fund managers. In a significant development, asset manager Franklin Templeton disclosed, following the launch of a new fund range in Luxembourg, it… Read More ›
Huawei’s cheap 5G equipment come with massive security implications
Apart from the asymmetry between the access that Chinese firms enjoy in foreign markets and the access China provides foreign companies in its markets, the real threat to national security is that China’s 2017 cybersecurity law obliges and forces citizens… Read More ›
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