By Asif Shahzad ISLAMABAD (Reuters) – The International Monetary Fund (IMF) wants external financing commitments fulfilled from friendly countries before it releases bailout funds, Pakistan’s Prime Minister Shehbaz Sharif said …
financing
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Business News
Brazil’s Americanas requests financing of at least $197 million -filing
by Reutersby Reuters(Reuters) – Brazilian retailer Americanas SA has requested debtor-in-possession financing of at least 1 billion reais ($197.12 million) as part of its bankruptcy process, according to a securities filing Tuesday. …
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Business News
Goldman Sachs among investors interested in financing Italy’s Serie A – sources
by Reutersby ReutersMILAN (Reuters) – Goldman Sachs is one of various fund and bank investors that have expressed interest in financing the growth of the media business of Italy’s top-flight soccer league, …
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New Jersey NewsPolice Blotter
Sussex County Woman Sentenced to 34 Months in Prison for Concealing Terrorist Financing to Syrian Foreign Terrorist Organizations
by DOJ Pressby DOJ PressNEWARK, N.J. – A Sussex County, New Jersey, woman was sentenced today to 34 months in prison for concealing her attempts to provide material support to Syrian foreign terrorist organizations, …
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US and World News
Sri Lanka expects financing assurances from China for IMF deal within days
by Reutersby ReutersBy Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka expects to get China’s backing for its debt restructuring plan within days to help unlock a $2.9 billion loan from the International Monetary …
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Business News
Financing for Chinese real estate firms jumps 33% year-on-year in Dec
by Reutersby ReutersBEIJING (Reuters) – Chinese property companies raised a total of 101.8 billion yuan ($14.9 billion) in December, up 33.4% year on year, driven by more state support for the highly …
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Department of Justice Press Releases
Six Co-Conspirators Sentenced for Over $2.8 M Retail Financing Fraud
by DOJ Pressby DOJ PressRICHMOND, Va. – Six individuals were sentenced recently to approximately 31 combined years in prison for taking part in a conspiracy to defraud several retail financing providers through various schemes …
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Business News
World Bank, Mali sign two financing agreements worth around $302 million -Mali govt
by Reutersby ReutersBAMAKO (Reuters) – The World Bank and Mali on Monday signed financing agreements for two projects worth around $302 million, the ministry of economy said. Around $266 million will go …
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Business News
Toshiba’s preferred bidder moving closer to securing financing for buyout -sources
by Reutersby Reuters(This Dec. 8 story has been corrected to show that valuation does not include debt, but buyout would be partly funded by loans by the banks, in paragraph 4) By …
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Business News
‘Immoral’ for Hungary to hold up EU financing deal for Ukraine – Lithuania
by Reutersby ReutersBy Jan Strupczewski BRUSSELS (Reuters) – It is “immoral” for Hungary to hold up a European Union deal on 2023 financing for Ukraine to extract approval for Budapest’s recovery plan …
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Business News
Venezuela sees oil exports financing almost two-thirds of 2023 budget
by Reutersby ReutersBy Mayela Armas CARACAS (Reuters) – Venezuela’s government expects oil exports to finance 63% of its national budget in 2023, a document seen by Reuters showed, a slightly higher proportion …
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Business News
Postal Savings Bank of China to provide $39 billion of property sector financing
by Reutersby ReutersBEIJING (Reuters) – Postal Savings Bank of China has agreed to provide a total of 280 billion yuan ($39.17 billion) in financing to property companies including Vanke, Longfor and Country …
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BOGOTA (Reuters) – Colombia Finance Minister Jose Antonio Ocampo on Thursday opened the door to possible financing in international markets for the Andean country, if the recent trend in falling …
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Business News
World Bank financing arm IFC will discuss $2 billion Ukraine package in December
by Reutersby ReutersLONDON (Reuters) – The World Bank’s private investment arm will discuss a $2 billion support package for Ukraine at a board meeting in December, Lisa Kaestner, regional manager for Ukraine …
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Business News
BOJ’s Kuroda says climate financing plays crucial role in decarbonisation
by Reutersby ReutersTOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Tuesday highlighted the importance of sustainable finance to address climate change and achieve decarbonisation. “Sustainable finance has a crucial role …
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Business News
IMF gives final approval for nearly $1bn in financing to Costa Rica
by Reutersby ReutersMEXICO CITY (Reuters) – The International Monetary Fund (IMF) gave final board approval to grant Costa Rica a $725 million sustainability loan, the Fund said in a statement Monday, directed …
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Business News
Brazil’s Embraer to get $413 million BNDES financing for aircraft production, exports
by Reutersby ReutersSAO PAULO (Reuters) – Brazilian planemaker Embraer SA said on Monday that the country’s state development bank BNDES has approved a 2.2 billion real ($413.15 million) credit line to finance …
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US and World News
Exclusive-Italy pushes to weaken fossil fuel financing pledge – sources
by Reutersby ReutersBy Kate Abnett and Giuseppe Fonte BRUSSELS (Reuters) – Italy is attempting to weaken a pledge 10 European governments intend to make on Thursday to stop export credit support for …
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US and World News
Yellen cites ‘significant’ Ukraine financing needs in meeting with PM -Treasury
by Reutersby ReutersBy David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen held a virtual meeting with Ukrainian Prime Minister Denys Shmyhal on Tuesday and “acknowledged Ukraine’s significant financing needs next …
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US and World News
Analysis-IMF plugs financing gaps as riskier emerging markets face squeeze
by Reutersby ReutersBy Jorgelina do Rosario WASHINGTON (Reuters) – There’s little relief in sight for a host of developing nations from Egypt to Malawi and from Pakistan to Ecuador, all of whom …
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US and World News
Nomura plans to hire more bankers to beef up green financing
by Reutersby ReutersTOKYO (Reuters) – Nomura Holdings Inc plans to hire more bankers to beef up its sustainable financing business in anticipation of a surge in demand for decarbonisation-related funding, its global …
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US and World News
U.S. climate envoy Kerry calls for ramp-up in financing to slash methane emissions
by Reutersby ReutersBy Valerie Volcovici WASHINGTON (Reuters) – Countries need to ramp up spending dedicated to cutting methane emissions in order to rapidly slash greenhouse gases and meet global climate goals, John …
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US and World News
Mexican used-car startup Kavak lands $810 million in debt financing
by Reutersby ReutersBy Kylie Madry MEXICO CITY (Reuters) – Mexican used-car platform Kavak on Tuesday said it had secured $675 million in financing from HSBC to back the company’s car loan offerings, …
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US and World News
JPMorgan, ICBC Standard pull back from China metal financing -Bloomberg News
by Reutersby Reuters(Reuters) -JPMorgan Chase & Co and ICBC Standard Bank Plc are cutting back on financing to China’s troubled metals trade, Bloomberg News reported on Friday, citing people familiar with the …
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Financial News
Argentine soy farmers who hoard stock to face higher financing costs, central banks says
by Reutersby ReutersBy Maximilian Heath BUENOS AIRES (Reuters) – Argentine soy farmers who hold onto stock of more than 5% of their production will face an elevated financing cost above the normal …