Italy set to launch 40-bln euro fund for virus-hit companies: sources

© Reuters. By Giuseppe Fonte and Elisa Anzolin ROME (Reuters) – Italy plans to launch a fund worth up to 40 billion euros ($ 47.8 billion) this month to help its companies hit by the coronavirus crisis raise capital and strengthen their balance sheets, two sources familiar with the matter said. The so-called “Patrimonio Rilancio” […]

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Ivory Coast president says new West African currency launch may take five years

2/2 © Reuters. FILE PHOTO: Ivory Coast’s Ouattara to submit application to run for third term 2/2 BOUAFLE, Ivory Coast (Reuters) – A planned new West African currency to replace the France-backed CFA franc this year has been derailed by the coronavirus pandemic and its launch could now be up to five years away, Ivory […]

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Britain to launch big stimulus package before summer – FT

© Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in London LONDON (Reuters) – Britain’s government is planning to launch a big stimulus package before the summer with a focus on creating jobs and infrastructure projects to help drag the economy out of the coronavirus crisis, the Financial Times reported. Finance minister Rishi Sunak […]

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BNP Paribas to launch e-FX pricing engine in Singapore 

Singapore engine: initiative will be implemented in an 18-month phased approach BNP Paribas will launch an electronic foreign exchange pricing and trading engine in Singapore – the latest bank to do so, after Citi, JP Morgan, Standard Chartered and UBS. The initiative will be implemented in a phased approach over the next 18 months. The French bank […]

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Russian warship and submarine launch cruise missiles to IS units near Palmyra-IFAX

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do […]

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Indian economy rides on consumer spending revival ahead of GST launch

© Reuters. FILE PHOTO: A vendor arranges clothes at his roadside shop in Kochi By Rajesh Kumar Singh GURUGRAM, India (Reuters) – Kaveri Shukla and her fiance are on a shopping spree ahead of their wedding next month. In just one week, the couple has bought home appliances ranging from a rice cooker to a […]

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