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Czech private investment group estimated to have paid some €750mn for the stake.
Kenya’s sovereign bond index at the distressed 1,000 basis point spread over US treasuries enjoyed a brief reprieve from unrelenting gloom, as IMF managing director Kristalina Georgieva declared it an innocent bystander in sub-Sahara default panic.
The Uzbek government is planning to privatise several state-owned enterprises by floating their shares on the Tashkent Stock Exchange (TSE) and has turned its attention to getting them ready, but the market remains narrow and shallow.
Lira hits latest record low and cost of insuring debt soars. New data, meanwhile, shows central bank burnt through $17bn in weeks before polls attempting to prop up economy.
Countries outside the US/UK/Europe bloc are leaving the dollar-based trade community at a rate which has begun to alarm US geopolitical strategists, and neocons in particular.
Belgium plans to become West’s leading partner in attempts to cut Russia's revenue from diamond sales, Prime Minister Alexander de Croo told the FT on May 10, claiming that Belgium wants to squeeze Russian diamonds out of the Western markets.
Western minority shareholders in Kernel are mounting a legal challenge against a move by a Ukrainian oligarch to delist the nation's largest producer and exporter of sunflower oil from the Warsaw Stock Exchange.
Trading driven by covid rebound and rising importance of five ‘stans’ as manufacturing and transit economies due to sanctions imposed on Russia’s economy.
Performance of the BET-TR index improved markedly in April while the number of investors on the BVB increased to an all-time high.
Billionaire partners have agreed to acquire French publishing group Editis and have bid to increase their share in French retail chain Casino.
The decision to withdraw by the bank's second-largest shareholder implies that Hungary will refuse to take part in any attempt to rescue the IIB, which had been rumoured to be in crisis even before the imposition of sanctions.
Hundreds of Russian oligarchs have been hit with sanctions and their yachts and luxury homes abroad seized by the authorities, but rather than crushing their businesses, the oligarchs added a collective $13.7bn to their wealth in three months.
Wall Street Journal reporter Evan Gershkovich was arrested on espionage charges by Russia’s Federal Security Service on March 30, the first US journalist to be arrested in Russia since the Soviet-era in 1986.
The Austrian lender is reportedly considering the sale of the Russian business as a whole, splitting it off into a separate entity or the swap of its loans for those of Russia’s Sberbank that are trapped in Europe by sanctions.
Russian investment bank BCS has upgraded the Russian equity market to a “buy” with a 45% upside for 2023, the bank said in a note on March 27.
Country’s banking system assessed as in strongest position it has been in for many years, but vulnerabilities “could be exposed if concerns about the global banking system were to escalate”.
The pace and scale of what has been done so far to combat climate change, and current plans, are insufficient to tackle the problem, said scientists in the latest Intergovernmental Panel on Climate Change (IPCC) report.
Trading in all the names has been suspended since February 2022 following Russia's full-scale military invasion of Ukraine.
Italian utility Enel plans to sell its subsidiaries in several countries including Romania.