Brazil's real led gains across Latin
American currencies on Wednesday after strong economic data and
on expectations of a large rate hike by the central bank, while
Colombia's peso fell ...
Sudan said on Wednesday it signed an agreement to clear arrears to the African Development Bank through a $425 million bridge loan provided by Britain, Sweden and Ireland. Sudan also signed an agreement to receive a $207 million grant from the bank to support economic reforms, it said.
The following bids, mergers, acquisitions. ** Equity Commonwealth (EQC), a U.S. real estate investment trust, will acquire rival Monmouth Real Estate
Investment Corp (MNR) for $1.91 billion in stock, the companies said. ** Swedish IT consultancy Knowit AB said it had acquired consultancy Cybercom for 2.2 billion Swedish crowns as it seeks to gain share of growing market for cyber security and cloud services.
- Loan officers at U.S. banks reported easing standards on most business and household loans in the first three months of the year as more of the country reopened amid accelerating vaccination rates.
Commerzbank is nearing a deal with labour representatives on its restructuring plan that includes 10,000 job cuts globally, people close to the matter said. Management of Germany's second-biggest listed lender and the bank's works council have already reached an agreement in principle, they said, adding that the deal could be officially signed by the end of the week.
JPMorgan's (JPM) development finance institution, which aims to fund more than $100 billion in activities per year, is looking to back more supply chain deals to help fight COVID-19 in developing countries, a bank executive told Reuters. Some emerging markets such as India have struggled with supplies of vaccines and other medical equipment during the pandemic.
JPMorgan's (JPM) development finance institution which aims to fund more than $100 billion in activities per year is looking to back more supply chain deals to help fight COVID-19 in developing countries, a bank executive told Reuters. Some emerging markets such as India have struggled with supplies of vaccines and other medical equipment in the wake of the pandemic.
The Bank of England is likely to ease its foot off the stimulus pedal and reduce its pace of bond purchases next week as Britain's economy appears to be bouncing back sharply from its COVID pandemic slump.
* Q1 underlying profit $1.4 bln vs $1.08 bln consensus. * Bank says 2021 credit losses to be lower than expected. * Cash management biz hurt by low rates, wealth management strong. Standard Chartered PLC (SCBFF) posted on Thursday a higher- than-expected 18% rise in quarterly pre-tax profit, as the emerging markets-focused bank began recovering from the economic hit caused by the coronavirus pandemic.
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