IDB increases financing to Argentina as foreign reserves dwindle
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
Category: Business
Honda to set up China venture with Dongfeng, Guangzhou Auto to procure EV batteries
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)
Russia’s VTB: Capitalisation of banking sector likely not needed
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
Rio Tinto must face lawsuit in U.S. over Mongolian mine cost overruns
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
BNP Paribas Asset Management names Mike Nikou as APAC CEO
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,
Russia’s VTB Bank sees room for key rate cut to 7% to stimulate lending
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