Forint falls, then rises, after scaled-back rate hike

Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Sep 21, 2021  •  16 minutes ago  •  2 minute read  •  Join the conversation Article content PRAGUE — The forint fell to a six-week low on Tuesday before quickly rebounding as the Hungarian central bank surprised with a scaled-back interest rate hike but confirmed

Evergrande Tumbles Further After S&P Says Default Is Likely

(Bloomberg) — China Evergrande Group slid deeper in equity and credit markets Tuesday, fueling concerns about broader contagion after S&P Global Ratings said the developer is on the brink of default. Most Read from Bloomberg The distressed developer’s shares in Hong Kong dropped as much as 7% after closing Monday at the lowest in about

Equity investing: Five steps to evaluate which stock to bet on

As the price that investors are paying today is for the firm’s future performance, investors should be sure that the company they are investing in is moving in the right direction. By P Saravanan and Sumit BanerjeeOf late, Indian stock market indices have been touching life-time highs on a daily basis. However, some people are

Oil down on stronger greenback, rising U.S. rig count By Reuters

© Reuters. FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo By Roslan Khasawneh SINGAPORE (Reuters) -Oil prices dropped on Monday, extending last week’s losses after the U.S. dollar jumped to a three-week high and the U.S. rig count rose,

UK energy groups ask for government ‘bad bank’ to weather gas crisis

The UK’s largest energy groups are requesting a multibillion-pound emergency package from the government to help them survive the crisis sparked by high gas prices, including the creation of a “bad bank” to help absorb potentially unprofitable customers from failing smaller rivals. UK business and energy secretary Kwasi Kwarteng is holding emergency talks with regulator

Pro-Putin party heads for Russian election win after Navalny clampdown

A bus drives past a United Russia campaign poster put up ahead of the elections to the Russian State Duma of the 8th convocation scheduled for September 17-19. Vladimir Smirnov | TASS | Getty Images Russians vote on Sunday in the final stretch of a three-day parliamentary election that the ruling party is expected to

Eskom CEO bemoans slow pace of talks on cutting R402bn debt

Talks about reducing the South African state power utility’s R402 billion debt to a manageable level are taking too long, its chief executive officer Andre de Ruyter said. Eskom Holdings, which produces most of South Africa’s power, can’t meet its running and debt service costs and is dependent on government handouts to keep operating. It

In escalation over submarine deal, France recalls envoys from U.S. and Australia

Breadcrumb Trail Links PMN Business Author of the article: Reuters John Irish and Colin Packham and David Brunnstrom and Humeyra Pamuk Publishing date: Sep 17, 2021  •  11 minutes ago  •  3 minute read  •  Join the conversation Article content PARIS/CANBERRA/WASHINGTON — France plunged into an unprecedented diplomatic crisis with the United States and Australia on

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