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IDB increases financing to Argentina as foreign reserves dwindle
September 20, 2022September 14, 2022 mesh-kalcom

IDB increases financing to Argentina as foreign reserves dwindle

Business

Argentina and the Inter-American Development Bank (IADB.UL) (IDB) agreed on Tuesday to expand financing to the country by $400 million this year, with further talks

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Honda to set up China venture with Dongfeng, Guangzhou Auto to procure EV batteries
September 19, 2022September 14, 2022 mesh-kalcom

Honda to set up China venture with Dongfeng, Guangzhou Auto to procure EV batteries

Business

Honda Motor Co (7267.T) said on Wednesday its Chinese unit will establish a joint venture with Dongfeng Motor Group (0489.HK) and Guangzhou Automobile Group (601238.SS)

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Russia’s VTB: Capitalisation of banking sector likely not needed
September 17, 2022September 14, 2022 mesh-kalcom

Russia’s VTB: Capitalisation of banking sector likely not needed

Business

The head of Russia’s VTB (VTBR.MM), Andrei Kostin, said on Wednesday the nation’s banking sector had largely overcome the most serious effects of Western sanctions

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Rio Tinto must face lawsuit in U.S. over Mongolian mine cost overruns
September 16, 2022September 14, 2022 mesh-kalcom

Rio Tinto must face lawsuit in U.S. over Mongolian mine cost overruns

Business

A U.S. judge said Rio Tinto Plc (RIO.L) must face an investor lawsuit accusing the Anglo-Australian mining giant of concealing delays and huge cost overruns

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BNP Paribas Asset Management names Mike Nikou as APAC CEO
September 15, 2022September 14, 2022 mesh-kalcom

BNP Paribas Asset Management names Mike Nikou as APAC CEO

Business

BNP Paribas Asset Management appointed Mike Nikou as its chief executive officer and head of distribution of the Asia-Pacific region on Tuesday, effective Sept. 15,

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Russia’s VTB Bank sees room for key rate cut to 7% to stimulate lending
September 14, 2022 mesh-kalcom

Russia’s VTB Bank sees room for key rate cut to 7% to stimulate lending

Business

Russia’s VTB Bank (VTBR.MM) CEO Andrei Kostin on Wednesday said there was room for the central bank to cut its key rate to 7.5% and

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