Citi to sell India consumer business to Axis Bank for $1.6 billion

Citigroup Inc said on Wednesday it would sell its Indian consumer businesses to private lender Axis Bank for $1.6 billion, as the U.S. bank exits retail operations in 13 markets.

newspaper

30-03-2022

German inflation to reach over 7% in March, state data suggest

German inflation is likely running above 7% in March, regional data from five states suggested, surpassing analyst predictions for federal data that is set to be released later on Wednesday.

newspaper

30-03-2022

Factbox-What happens if Russia turns off gas to Germany?

Germany has activated the first stage of an emergency plan to manage gas supplies in Europe's largest economy in preparation for a possible disruption or halt in natural gas supplies from Russia.

newspaper

30-03-2022

Euro zone facing slower growth, higher inflation: ECB's Lagarde

Europe is facing slower growth and higher inflation as the war in Ukraine is draining confidence and pushing up energy prices, European Central Bank President Christine Lagarde said on Wednesday.

newspaper

30-03-2022

Thais turn to EVs at motor show as petrol prices soar

Thousands attended the Bangkok International Motor Show this week where electric vehicles (EVs) were in the spotlight due to rising petrol prices and a government subsidy taking 15% off the price of some EV cars.

newspaper

30-03-2022

China Evergrande to sell Crystal City Project for $575 million

(Reuters) -China Evergrande Group said on Wednesday it will sell its Crystal City Project in the eastern city of Hangzhou for 3.66 billion yuan ($575 million) to two state-owned firms as the group's liquidity issues dampen the progress of its projects.

newspaper

30-03-2022

Australia's Star Entertainment to defend class action over 'deceptive conduct'

Australia's Star Entertainment Group faces a class action over allegations that it failed to comply with disclosure requirements, the company said on Wednesday, amid a public inquiry into the group's casino operations in Sydney.

newspaper

30-03-2022

China Evergrande to sell stake in Crystal City Project for $575 million

(Reuters) -China Evergrande will sell its interest in Crystal City Project for 3.66 billion yuan ($575.45 million), according to a Hong Kong Stock Exchange filing on Wednesday, as the group's liquidity issues dampen the progress of its projects.

newspaper

30-03-2022

Air Canada signs interline agreement with Mexico's Aeromar

Carrier Air Canada and Mexico's Aeromar signed an agreement to jointly market routes through Mexico, the airlines announced in a statement on Tuesday.

newspaper

29-03-2022