Custodian Bank in Sri Lanka at the recently concluded Global Finance Awards 2020. The award marked the second consecutive year in which the bank was declared country winners in a category which prior …
Lower July Iraq and Saudi exports to boost crude timespreads – Energy Aspects
Iraq is stepping up compliance with the Organization of the Petroleum Exporting Countries and allies (OPEC+) deal, with July Basrah crude exports to fall below 2.5 million barrels per day (mbpd), …
Iraq lowers oil exports, gets closer to OPEC+ target – sources
Iraq’s oil exports have fallen by 8% or 300,000 barrels per day (bpd) so far in June, according to shipping data and industry sources, suggesting OPEC’s second-largest producer is getting closer to …
N.Korea rejects South’s offer of envoys, vows to send back troops to border
North Korea said on Wednesday it has rejected South Korea’s offer to send special envoys, and vowed to send back troops to demilitarised border units in the latest step towards nullifying inter-Korean …
Iranian finance firm’s CEO pleads guilty to multimillion-dollar fraud conspiracy in Minnesota
The chief executive of an Iranian online financial services company pleaded guilty Tuesday to fraud conspiracy charges that federal prosecutors in Minnesota said involved millions of dollars in …
KKR-Led Consortium Buys 6% Stake In Vietnam’s Vinhomes For $650 Million
A consortium led by KKR & Co. (KKR) announced that it has purchased a minority equity stake in Vietnam real estate developer Vinhomes JSC, for a total of VND15.1 trillion ($650 million).Shares rose 3% …
Brazil 5G tender cannot be swayed by debates over China, says house speaker
A fifth-generation (5G) telecoms tender in Brazil should not be contaminated by ideological battles with China and more competition will lead to better prices for consumers, the head of the lower …
WTO tells Saudi to obey global rules in Qatar broadcast dispute
A World Trade Organization panel ordered Saudi Arabia on Tuesday to adhere to global intellectual property rules in a ruling on a dispute with Qatar which accuses Riyadh of blocking its broadcaster …
Armenian parliament sanctions opposition leader’s arrest
The Armenian parliament voted Tuesday to strip the leader of an opposition party of his immunity as a lawmaker and to allow his arrest on tax evasion charges. Gagik Tsarukyan, a tycoon who leads the …
Turkmenistan, CAREC countries discuss measures to counter COVID-19
Turkmenistan and Central Asia Regional Economic Cooperation Program (CAREC) of the Asian Development Bank (ADB) have discussed measures to counter the COVID-19 pandemic …