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Author: KMFSLLP

09 Jun Moody’s downgrades South Africa’s Land Bank deeper into ‘junk’

Posted at 09:57h in News by KMFSLLP 0 Comments

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Ratings agency Moody's has downgraded South Africa's Land Bank deeper into subinvestment grade after the state company missed another debt interest payment due to liquidity challenges.

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09 Jun UPDATE 1-UK’s Monsoon and Accessorize shut 35 stores in bid to survive

Posted at 09:43h in News by KMFSLLP 0 Comments

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British fashion retailers Monsoon and Accessorize will close 35 stores, make 545 staff redundant and seek rent cuts for remaining shops as part of a restructuring led by its founder to survive the COVID-19 crisis.

09 Jun Ardian nears deal for Telecom Italia’s stake in tower firm INWIT – sources

Posted at 09:42h in News by KMFSLLP 0 Comments

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An investment consortium led by private equity firm Ardian is closing in on a deal to buy a minority stake in Telecom Italia's mobile tower group INWIT, three sources with knowledge of the matter told Reuters.

09 Jun Lebanon central bank’s new FX trading platform to open on June 23

Posted at 09:33h in News by KMFSLLP 0 Comments

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A new electronic foreign exchange trading platform will open on June 23 as part of efforts to unify the price of dollars on a parallel market, the Lebanese central bank said on Wednesday.

09 Jun Lebanese pound slides further despite new pricing system

Posted at 09:26h in News by KMFSLLP 0 Comments

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Lebanon's battered pound currency has slid to fresh lows against the U.S. dollar despite a new pricing system Beirut hopes can rein in soaring food prices as it negotiates a deal with the International Monetary Fund to climb out of crisis.

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09 Jun UPDATE 3-Cerberus demands changes at ‘disastrous’ Commerzbank

Posted at 09:15h in News by KMFSLLP 0 Comments

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* Commerzbank declines to comment (Updates with background, investor, details)

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09 Jun UPDATE 1-ProSieben CEO: Business is tough but we are focused on profits

Posted at 09:00h in News by KMFSLLP 0 Comments

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* Shareholders circle, but showdown at AGM unlikely (Adds CEO speech to AGM, background on shareholders)

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09 Jun Japan’s Mizuho says virus-related loan requests have reached $155 bln

Posted at 09:00h in News by KMFSLLP 0 Comments

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Mizuho Financial Group Inc has seen coronavirus-related loan requests reach 17 trillion yen ($155 billion) since the outbreak, and is bracing for further demand from companies battling to revive their operations, its chief executive said.

09 Jun No prospective euro member meets accession criteria, ECB says

Posted at 09:00h in News by KMFSLLP 0 Comments

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None of the countries now looking to join the euro meet all the accession criteria and some may be diverging from the long-set rules of euro membership, the European Central Bank said in a report on prospective members.