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News

23 Oct UPDATE 2-French fuel firm Rubis offers to buy Kenya’s KenolKobil

Posted at 08:06h in News by KMFSLLP 0 Comments

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* Offers to buy rest at 23 shillings per share (Adds transaction details)

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23 Oct Saudi Arabia will not penalize banks that boycotted conference – c.bank chief

Posted at 07:57h in News by KMFSLLP 0 Comments

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Saudi Arabia's central bank governor said the kingdom will not penalize foreign banks that boycotted an investment conference in Riyadh and reiterated the country's commitment to defend its currency peg to the dollar.

23 Oct UPDATE 2-Barclays beats profit forecasts despite investment bank costs

Posted at 07:53h in News by KMFSLLP 0 Comments

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* Improved performance comes at a cost as expenses rise (Adds Staley quote, shares, more detail)

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23 Oct European shares make a tentative rebound; Bank shares weigh

Posted at 07:53h in News by KMFSLLP 0 Comments

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European shares attempted a tentative rebound on Wednesday after five straight sessions in the red, with disappointing results in the banking sector weighing on indexes even after a number of positive trading updates, such as France's luxury group Kering.

23 Oct Airtel Africa raises $1.25 bln from SoftBank, five other investors

Posted at 04:40h in News by KMFSLLP 0 Comments

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Airtel Africa Ltd, a subsidiary of India's Bharti Airtel Ltd, said on Wednesday it raised $1.25 billion from six global investors including SoftBank Group Corp, Warburg Pincus LLC and Temasek Holdings (Private) Ltd.

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23 Oct SE Asia Stocks-Thailand falls on energy slump, Singapore recovers

Posted at 04:33h in News by KMFSLLP 0 Comments

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Thai shares fell nearly 1 percent on Wednesday as the country's energy sector came under pressure after oil prices slumped overnight, while shares in Singapore pulled back from the previous day's losses. Thai stocks were down 0.9 percent, having resumed trading after a local holiday,...