Latest news with #MuralikumarAnantharaman
Zawya
4 days ago
- Business
- Zawya
IMF to provide Congo with $262mln after review
The International Monetary Fund said on Wednesday that it has completed the first review under its Extended Credit Facility for the Democratic Republic of Congo, unlocking an immediate disbursement of $261.9 million. (Reporting by Ananya Palyekar in Bengaluru; Editing by Muralikumar Anantharaman)
The Star
29-04-2025
- Business
- The Star
Sony considering chip unit spinoff, Bloomberg reports
TOKYO (Reuters) -Sony is considering a spinoff and listing of its semiconductor business as soon as this year, Bloomberg News reported, citing anonymous sources. The Japanese conglomerate may retain a minority stake in Sony Semiconductor Solutions after the spinoff, Bloomberg reported. "The article is based on speculation and there are no such specific plans," a Sony spokesperson said. Sony has become an entertainment behemoth in recent years and is spinning off its financial arm. (Reporting by Sam Nussey; Editing by Muralikumar Anantharaman)
Mint
25-04-2025
- Business
- Mint
Euro area government bond yields edge up on hopes for tariff relief
April 25 (Reuters) - Euro area government bond yields edged up on Friday as cautious hopes for lower U.S. tariffs against China eased fears of a trade war and its negative impact on the global economy. China is considering exempting some U.S. imports from its 125% trade duties and is asking businesses to identify goods that could be eligible. Euro zone borrowing costs leapt to a six-day high while traders cut bets on future European Central Bank rate cuts on Wednesday after the Wall Street Journal reported the White House was considering slashing China tariffs. Germany's 10-year yield, the euro area's benchmark, rose 2 basis points (bps) to 2.46% and it was set to record a weekly drop of 0.5 bps. U.S. Treasury long-term yields edged down in London trade - with the 10-year falling one bp to 4.30% - after declining on Thursday on tentative hopes of lower-than-feared U.S. duties and the possibility of an interest rate cut by the Federal Reserve in June. Money markets priced in European Central Bank deposit facility rate at 1.62% in December, up from 1.55% late Tuesday but below the 1.72% level recorded shortly before last week's ECB policy meeting. Germany's 2-year yield, more sensitive to expectations for ECB policy rates, was up 3 bps to 1.71%. It hit 1.622% on Tuesday, its lowest level since October 2022. The yield spread between French and German 10-year bond yields - a market gauge of the risk premium investors demand for holding French assets - dropped to 71 bps. The gap between Italian and German 10-year bond yields fell to 106 bps. (Reporting by Stefano Rebaudo; Editing by Muralikumar Anantharaman) First Published: 25 Apr 2025, 12:14 PM IST
Reuters
11-03-2025
- Politics
- Reuters
Israeli army says it targeted military headquarters, sites containing weapons in southern Syria
DUBAI, March 11 (Reuters) - The Israeli army said on Tuesday it had struck overnight military headquarters and sites housing weapons and equipment in southern Syria. In its latest series of attacks on Syria's military infrastructure, Israel also targeted radars and surveillance assets used in aerial intelligence assessments in the southern region of the country, the army said. There were no immediate reports on casualties. The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here. Reporting by Jana Choukeir; Editing by Muralikumar Anantharaman
Zawya
19-02-2025
- Business
- Zawya
Saudi Arabia's ACWA Power to buy Engie's share in Kuwait and Bahrain assets
DUBAI - Saudi Arabia's ACWA Power plans to buy stakes in assets in Kuwait and Bahrain worth $693 million from French utility developer ENGIE , according to a joint statement on Wednesday. The share purchase agreement covers operating capacities of 4.61 GW of gas-fired power generation and 1.11 million cubic meters per day (m3/day) of water desalination facilities, the companies said in a statement. It also includes the related operations and maintenance companies in Kuwait and Bahrain, it added. Completion of the transaction is subject to customary regulatory and other stakeholder approvals. (Reporting by Hadeel Al Sayegh; Editing by Muralikumar Anantharaman)
