Financial markets
MEKO AB has announced its intention to issue new senior unsecured bonds, with a potential aggregate amount of SEK 1,250 million. The company has also launched a conditional tender offer for its outstanding 2021/2026 bonds, offering to purchase them at a price of 100.50% of the nominal
Financial markets
Genghis Capital, a Nairobi-based investment bank, has faced significant challenges in the first three months of the year, as its unit trusts have lost a combined Sh628.5 million in assets. The firm's Mali Money Market Fund, which was formed largely by Safaricom's staff, saw its
Financial markets
LHV Group, the largest domestic financial group and capital provider in Estonia, has elected Mihkel Torim as the new Chairman of the Management Board and CEO, succeeding Madis Toomsalu. Torim, a seasoned leader in capital markets and investment banking with over 20 years of experience, will assume the role on
Financial markets
For the first time in more than a decade, Ontario has issued a U.S.-dollar bond without the assistance of any U.S.-based banks, opting instead for the help of British banking giant Barclays PLC. The US$2-billion worth of 10-year bonds were sold last week, marking a
Financial markets
RCBC is re-entering the domestic debt market with a planned P3 billion fixed-rate peso-denominated sustainability bond offer. This is the eighth drawdown from its P200-billion Bond and Commercial Paper Program. RCBC aims to raise funds for its eligible green and social categories as described in its Sustainable Finance Framework, reinforcing
Financial markets
The Dubai Financial Market (DFM) has announced updates to the margin parameters for futures contracts, set to take effect on June 10, 2025. This change impacts various underlying symbols traded on the DFM, with base margin percentages ranging from 5% to 12%. The updated parameters reflect changes in the designated
Financial markets
Trading in shares of IFA Hotels and Resorts has resumed after the company disclosed the results of its recent Board of Directors meeting. The announcement was made on June 9, 2025, allowing investors to once again buy and sell shares of the company on the Dubai Financial Market. The temporary
Financial markets
ICICI Prudential Mutual Fund has announced changes to the Risk-o-meters of several of its schemes, citing the need for risk assessments based on the portfolios' performance as of May 31, 2025. The revisions include adjusting the Risk-o-meter of ICICI Prudential Multi-Asset Fund from 'High' to 'Very
Financial markets
Despite global challenges, including geopolitical tensions and climate shocks, the Reserve Bank of India (RBI) has predicted that India will be the fastest-growing economy globally in 2025-26, with projected real GDP growth of 6.5 per cent. The central bank also expects inflation to remain within the target range of
Financial markets
Representatives French Hill and G.T. Thompson, as well as other members of the House Financial Services Committee and the House Agriculture Committee, have introduced the Digital Asset Market Clarity (CLARITY) Act to establish a regulatory framework for digital assets in the United States. The bill aims to bring clarity
Financial markets
Despite a turbulent period sparked by President Trump's trade offensive, UK business confidence rebounded in May, according to a Lloyds Bank business barometer. The Lloyds Bank business barometer jumped 11 points to 50%, marking a nine-month high, and is in line with Trump's climb-down and the
Financial markets
Federal Reserve officials are struggling to predict the economic implications of President Trump's tariffs, a topic that dominated the Federal Open Market Committee's meeting in May. The minutes of the meeting revealed a sense of uncertainty about the potential effects of trade policies, fiscal, regulatory, and
