(Bloomberg) — Several large Chinese banks are restricting credit to China Evergrande Group amid mounting concerns about the developer’s financial health, according to people familiar with the matter. Three banks with a combined 46 billion yuan ($7.1 billion) of credit exposure to Evergrande as of June 2020 have decided in recent months not to renew […]
Read MoreVolvo Trucks workers’ strike in Virginia is gaining growing international support. Here is a solidarity address from Andy Niklaus, bus driver at Berlin Public Transportation (BVG) and member of the Safe Workplaces Transport Workers Action Committee in Berlin. Dear colleagues from the Volvo Trucks factory in Dublin (Virginia) in New River Valley, You are absolutely […]
Read MoreShare Tweeter Share Share Share E-mail the Bank of France worked on a central bank digital currency (CBDC) experiment, a Press release said Monday (June 21). “This experiment made it possible to demonstrate the possibilities of interaction between conventional and distributed infrastructures. It also paves the way for other alliances to take advantage of the […]
Read MoreAccording to The latest Intertrust investigation, 98% of CFOs say their hedge funds would seek to invest up to 7.2% of their assets in crypto-currencies by 2026, and that percentage would be around $ 312 billion if replicated across the enterprise. However, in the face of regulatory obscurity and reputational risk, how can hedge funds […]
Read MoreFarmers National Bank announced the upcoming retirement of CFO Carl Culp and is considering his successor. The bank’s parent company, Farmers National Banc Corp. (Nasdaq: FMNB) mentionned Culp is expected to retire on August 15 after 32 years of working for the community bank. He has been its CFO for the past 25 years. “First […]
Read MoreM Orrisons president Andrew Higginson has a delicate balance in his hands. Continue to reject unwanted overtures from the US private equity bidder stalking his company and there is a risk that it will walk away. If this happens, the stock price will drop back to its Friday level. Accept the offer and he will […]
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Read MoreBecoming a first-time parent can be intimidating. Your stage in life is changing and with that comes an overwhelming sense of responsibility as the protector and caregiver of your newborn baby. You begin to set bold goals for yourself by providing the best possible solutions money can buy to meet your child’s every need at […]
Read MoreAs part of the Second Generation (2sd Phase) of the Alliance to Combat Avoidable Blindness (AFAB), the Islamic Development Bank (IDB) (www.ISDB.org) and the Islamic Solidarity Fund for Development (FSID) carried out cataract surgery campaigns in the city of Djibouti and its surrounding rural communities. The campaign, which took place in April and May 2021, […]
Read MoreDUBAI: Dubai airports have announced they will reopen their Terminal 1 and Hall D facilities this week as the emirate seeks to revive its vital aviation sector. He said the two facilities would reopen on June 24 while at the same time the operations of some 66 carriers would be moved from Terminal 3 to […]
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