UK’s Metro Bank struggles to raise capital amidst turmoil
According to analysts, Metro Bank in the UK is facing difficulties in raising fresh capital to bolster its balance sheet. The beleaguered bank’s stock has [more…]
Singapore reports the seizure of $2 billion in assets in a money laundering case
Singapore anticipates additional arrests and asset seizures in a major money laundering investigation, with the total value of seized assets currently reaching S$2.8 billion ($2 [more…]
The Philippine central bank is prepared to reintroduce measures to tighten monetary policy as the inflation rate accelerates
The Philippine central bank has announced its readiness to increase interest rates again due to a second consecutive month of rising consumer prices, primarily driven [more…]
Indonesia’s Investree secures around $231 million in its series D funding round and ventures into the Middle East market
Indonesian online lending firm Investree is in the process of securing approximately 220 million euros (US$230.8 million) in series D funding through a joint venture [more…]
Alterations at the Mexico Airport to impact passenger fees and other tariffs
Mexican airports will be impacted by government-imposed fee changes, affecting not only charges for airline passengers but also the entire tariff system. President Andres Manuel [more…]
New study links genes to difficulty in adopting a vegetarian diet
Struggling to stick to a vegetarian diet? It might not be all about willpower. A new study suggests that your genes could be partly to [more…]
Robot manufacturer, Doosan Robotics, experiences increase in its market debut following South Korea’s largest IPO of 2023
Doosan Robotics, South Korea’s biggest collaborative robot producer, experienced an impressive stock market debut, with its shares nearly doubling in value. The company closed at [more…]
Lukoil of Russia extends a $1.5 billion loan to Socar in a partnership aimed at supporting the Turkish STAR refinery’s supply operations
Lukoil, a private Russian oil producer, has agreed to lend Azeri state oil firm Socar $1.5 billion. This deal will allow Socar’s Turkish STAR refinery [more…]
Constellation Brands surpasses expectations with strong Q2 performance
Constellation Brands, the owner of popular beer brands Modelo Especial and Corona Extra, exceeded analysts’ predictions in its fiscal second quarter of 2024. The company [more…]
Major plunge in Alstom shares as company slashes cash flow forecast
Alstom, the French train manufacturer, experienced a shocking 35% drop in its shares on Thursday after announcing a significant reduction in its free cash flow [more…]