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Swine fever in China among risks to food markets – FAO/OECD

July 8, 2019 by cbn Leave a Comment

Swine fever in China among risks to food markets – FAO/OECD

The spread of a deadly pig disease in China that has disrupted the world’s biggest pork market is one of the major risks to a well-supplied global agricultural sector, the FAO and OECD said on Monday.

Filed Under: Financial Planning

Lagarde ‘uniquely qualified’ to head ECB: Coeure

July 7, 2019 by cbn Leave a Comment

Lagarde ‘uniquely qualified’ to head ECB: Coeure

European Central Bank policymaker Benoit Coeure defended on Sunday the nomination of outgoing International Monetary Fund head Christine Lagarde to lead the ECB, calling her “uniquely qualified” after critics said she lacked relevant experience.

Filed Under: Financial Planning

India to closely monitor shadow lending sector: Sitharaman

July 6, 2019 by cbn Leave a Comment

India to closely monitor shadow lending sector: Sitharaman

India will closely monitor its shadow lending sector, the finance minister said on Saturday, a day after announcing the RBI would get much more regulatory authority over non-banking financial companies (NBFCs).

Filed Under: Financial Planning

Delayed Airtel Africa’s $4.4 billion Nigeria listing to go ahead on Monday

July 5, 2019 by cbn Leave a Comment

Delayed Airtel Africa’s $4.4 billion Nigeria listing to go ahead on Monday

Airtel Africa aims to list on the Nigerian bourse on Monday, one of the financial advisors arranging the issue said, after the exchange postponed the listing which had been scheduled for Friday.

Filed Under: Financial Planning

William Hill to shut 700 British betting shops after curbs

July 4, 2019 by cbn Leave a Comment

William Hill to shut 700 British betting shops after curbs

William Hill plans to cut about a third of its betting shops and jobs in Britain after the government slashed the maximum stake permitted on fixed-odds terminals, dubbed the “crack cocaine” of gambling by their critics.

Filed Under: Financial Planning

Deutsche Telekom, Huawei customer, continues vendor review

July 3, 2019 by cbn Leave a Comment

Deutsche Telekom, Huawei customer, continues vendor review

Deutsche Telekom said it was continuing a review of its vendor strategy as it announced the limited launch of 5G services in its home market, where it has partnered with China’s Huawei Technologies in trial projects.

Filed Under: Financial Planning

Bitcoin’s losses grow; recoils 30% from 2019 highs

July 2, 2019 by cbn Leave a Comment

Bitcoin’s losses grow; recoils 30% from 2019 highs

Bitcoin skidded as much as 9% on Tuesday, falling below the $10,000 mark and pushing losses to over 30% since the original cryptocurrency hit an 18-month-high last week.

Filed Under: Financial Planning

Nepal’s CG Group ties up with Huawei to launch 4G services

July 1, 2019 by cbn Leave a Comment

Nepal’s CG Group ties up with Huawei to launch 4G services

Nepal’s Chaudhary Group (CG) has signed a deal worth about $100 million with China’s Huawei Technologies to bring 4G phone services to the country, CG’s chief executive said, shrugging off U.S. security concerns about Huawei’s products.

Filed Under: Financial Planning

World’s central banks tackle technology with innovation hub

June 30, 2019 by cbn Leave a Comment

World’s central banks tackle technology with innovation hub

Central banks grappling with fast-changing financial technology and companies like Facebook moving into finance will aim to work together more closely through an innovation hub approved on Sunday by the Bank for International Settlements.

Filed Under: Financial Planning

Saudi-Russian deal not due to tainted oil crisis: Novak

June 29, 2019 by cbn Leave a Comment

Saudi-Russian deal not due to tainted oil crisis: Novak

A decision by Russia and Saudi Arabia to extend a global pact on curbing production was not driven by a crisis over contaminated crude in a Russian-owned pipeline network, Russian Energy Minister Alexander Novak said on Saturday.

Filed Under: Financial Planning

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