Credit servicer doValue Greece gets $548 million bad loan mandate

Credit servicer doValue Greece, a subsidiary of Italy's biggest debt recovery firm doValue, said on Tuesday it was awarded a new loan servicing mandate for a 500 million euro ($548.4 million) bad loan portfolio named Project Neptune.

newspaper

05-04-2022

Kinross Gold to sell Russian assets for $680 million

(Reuters) -Kinross Gold Corp is selling its Russian assets to Highland Gold Mining group of companies for a total of $680 million in cash, the Canadian company said on Tuesday, nearly a month after suspending its operations in the country.

newspaper

05-04-2022

Euro feels weight of French election concerns, more Russia sanctions

The euro weakened on Tuesday with the Swiss franc and the Swedish crown the winners as French election worries and the chance of more sanctions against Russia unnerved investors.

newspaper

05-04-2022

HDFC Bank's $40 billion deal may face regulatory hurdles due to insurance ops - analysts

India's largest private lender HDFC Bank's $40 billion acquisition of its biggest shareholder could face regulatory hurdles due to the stake it would give the bank in the insurance sector, analysts said.

newspaper

05-04-2022

Thai business group trims 2022 growth outlook over Ukraine war

Thailand's leading joint business group on Tuesday trimmed its economic growth forecast for this year to 2.5%-4.0% from a previous forecast of 2.5%-4.5% due to the impact of the Russia-Ukraine war on global growth and energy prices.

newspaper

05-04-2022

Telecom Italia and KKR deadlocked over takeover approach

MILAN (Reuters) -The chances of U.S. fund KKR pushing ahead with a firm bid for Telecom Italia (TIM) appeared to fade further on Tuesday, with the two sides deadlocked over access to the company's books.

newspaper

05-04-2022

Hawkish RBA boosts Aussie, sanction worries weigh on euro

The Australian dollar jumped to a nine-month high on Tuesday after the country's central bank signalled higher interest rates were closer, while the euro languished near a one-week low, weighed down by the prospect of new sanctions against Russia.

newspaper

05-04-2022

Aussie pops on hawkish RBA tilt, euro wallows on sanction worries

The Australian dollar jumped to a nine-month high on Tuesday after the country's central bank signalled higher interest rates were closer, while the euro languished near a one-week low amid talk of more sanctions against Russia.

newspaper

05-04-2022

World Bank cuts East Asia's 2022 GDP forecast on Ukraine war

The World Bank cut its growth forecast for East Asia and the Pacific for 2022 to reflect the economic impact of Russia's invasion of Ukraine, warning the region could lose further momentum if conditions worsen.

newspaper

05-04-2022