Georgia Power, along with a coalition of leading Georgia businesses, have signed a letter asking the Georgia General Assembly to support, approve and sign into law a comprehensive, specific and clear …
Lebanon’s currency crisis takes down economy
The peg, overvalued by an estimated 50% in recent years, hollowed out manufacturing and agriculture by making Lebanese goods less competitive abroad …
Israel Finance Ministry OK with Cellcom-Golan merger
Israel’s Ministry of Finance has given its OK to the merger of (CEL +4.6%) and Golan Telecom. The agency couldn’t find a “substantial reason” to oppose the deal, in part due to …
Saudi Arabia to end voluntary cuts on top of OPEC+ pact
Saudi Arabia will boost output in July to match its output OPEC quota while ending deeper, voluntary cuts amid signs of global demand recovering, the Saudi energy minister said on Monday. OPEC, Russia …
Singapore’s Infrastructure Asia inks collaboration deal with Myanmar
Singapore’s Infrastructure Asia will identify suitable investors for infrastructure projects in Myanmar, following an agreement inked with Myanmar’s Ministry of Planning, Finance and Industry (MoPFI) …
North Korea Says It’s Cutting Communications With South Korea
North Korea will shut down a liaison office it shares with South Korea by noon on Tuesday, along with other official communication lines including a hotline between its leader Kim Jong Un and South …
How Coronavirus Upended 20 Million Lives in India’s Finance Hub
When the bubonic plague arrived on ships in 1896, death and fear emptied half of Mumbai. Ensuing labor shortages devastated the city’s cotton mills, the mainstay of the contemporary economy.
Borrowing Costs for India’s Shadow Banks Finally Start to Fall
(Bloomberg) — Borrowing costs for India’s top-rated shadow financiers declined last month, after the most aggressive economic policies in a decade helped avert a further worsening in the sector …
Why Big Oil Is Investing In India
Big oil is increasingly trying to reduce risk, and increasing tensions between the U.S. and China means that it could start focusing on oil deals in India instead …
Oman appoints head of new sovereign wealth fund
Said, will allow the new authority to own all public assets except the Petroleum Development Oman company and government stakes i …