Europe’s leading consumer durables player, Arçelik, which owns Beko and Grundig, has completed production of 5,000 life-saving mechanical ventilators. 300 devices a day were manufactured at its …
Korea’s Sovereign Wealth Fund Sticks With Equities, Looks to U.S.
South Korea’s $157 billion sovereign wealth fund may add to its equity holdings if there’s another shock in global markets due to increases in coronavirus infections.“If there is a second wave, we …
Japan Industry Group May Penalize Banks Breaking Debt Sale Rules
A Japanese financial industry group is planning to craft guidelines to boost transparency in the nation’s corporate bond issuance market, where new offerings often go partially unsold without the …
UnionPay International, Keenu and Bank AL Habib Jointly Launch Contactless Payments Acceptance For The First Time In Pakistan
UnionPay International, Wemsol Private Limited and Bank AL Habib jointly announce today the launch of UnionPay QuickPass (NFC/Contactless and HCE) acceptance on Keenu POS terminals in Pakistan, where …
S.Korea says Bolton’s memoir on Trump-Kim summit is distorted
Accounts by former U.S. National Security Adviser John Bolton of discussions between leaders of the United States and the two Koreas in his upcoming book are inaccurate and distorted, South Korea said …
Iran’s currency hits record low against US dollar
Iran’s currency has hit its lowest-ever value against the US dollar. This is reportedly due to Washington’s economic sanctions against Tehran and the coronavirus outbreak.
Bain Capital says extends Japan’s Nichiigakkan tender offer deadline to July 9
TOKYO, June 22 (Reuters) – U.S. buyout fund Bain Capital said it has decided to extend the deadline of a tender offer for Japanese nursing home operator Nichiigakkan Co to July 9 from Monday.
Finance bill includes Rs100b as proceeds from privatisation process
The finance bill for the next fiscal year has included Rs100 billion as proceeds from the privatisation process as part of the “Non-Tax Revenue Receipts”. A meeting of the Privatisation Commission (PC …
Jordan- Gov’t revenues plummet JD550mln in four months as pandemic fallout bites: PM
Government revenues have plunged by a whopping JD550 million over the past four months as a result of the coronavirus pandemic, Prime Minister Omar Razzaz said on Sunday.In a televised statement …
UAE- Report Reveals the Six Fintech Innovations That Will Boost the Financial Health’ of Mena’s Disadvantaged Groups
A report endorsed by MetLife Foundation identifies the six types of innovation with the greatest potential to improve the financial wellbeing and inclusion of marginalised communities in MENA. The …