Kenya's current account deficit could narrow from the forecast of 5.8% of GDP for this year thanks to growing farm exports and a rebound in remittances from citizens living abroad, the central bank governor said on Friday.
Hong Kong shares ended lower on Friday, after U.S. lawmakers moved closer to sanctioning people and companies they consider China's accomplices in curbing the city's autonomy, while new coronavirus outbreaks globally also soured the sentiment.
The euro zone is "probably past" the worst of the economic crisis caused by the coronavirus pandemic, but the recovery will be uneven, European Central Bank President Christine Lagarde said on Friday.
Asian stock markets steadied on Friday but were still on course to end the week lower as a growing number of coronavirus cases across the region and in other major economies dented hopes for a swift economic rebound.
(RTTNews) - Asian stocks rose on Friday after U.S. regulators eased bank rules that will free up billions of capital. The news helped offset worries about a continued surge in coronavirus cases in the United States.
Marston's said on Friday it was uncertain about its financial outlook in the short-term as it prepares to reopen pubs and restaurants on July 4, following a roughly 40 million pound hit to sales from the coronavirus lockdown.
Intu Properties, which owns Manchester's Trafford Centre and Lakeside in Essex, will likely go into administration after it failed to reach a debt standstill deal with its creditors, the company said on Friday.
(RTTNews) - British retailer Tesco plc. (TSCO.L, TSCDY.PK) reported Friday that its first-quarter Group sales, excluding VAT and fuel basis, were 13.38 billion pounds, a growth of 7.9 percent on a reported basis and 8 percent at constant exchange rates. Like-for-like sales grew
(RTTNews) - Novartis (NVS) said it has resolved all Foreign Corrupt Practices Act investigations into historical conduct by the company and its subsidiaries. To settle the investigations, the company and certain of its current and former subsidiaries will pay $233.9 million to t
British low-cost airline easyJet said it strengthened its finances by $255 million through the sale and leaseback of six A320neo aircraft with leasing firm SMBC Aviation Capital.
Tesco, Britain's biggest retailer, said underlying UK sales rose 8.7% year-on-year in its first quarter to May 30, boosted by the country being on coronavirus lockdown for the majority of that period.
Bouygues Telecom will buy out subsidiary Euro-Information Telecom (EIT) and strike a partnership deal with financial group Credit Mutuel to strengthen its presence in the competitive domestic market, the parent firm said on Friday.
China's low-sulphur marine fuel exports fell 20% last month to 1.14 million tonnes compared with April, reflecting a monthly dip in demand from international shipping, Chinese customs data released late on Thursday showed.
The National Bank of Hungary (NBH) may cut its key interest rate once more by 15 basis points in July, but that is as far as it will go, the bank's new deputy governor Barnabas Virag told state radio on Friday.
Daiichi Sankyo Co is in discussions with AstraZeneca Plc on developing supplies of a vaccine for the coronavirus in Japan, the Japanese company said on Friday.
The Dutch government on Friday said it would provide Air France-KLM's Dutch subsidiary KLM with a 3.4 billion euro ($3.81 billion) financing package to help it survive during the coronavirus outbreak.
With no silver lining in the Brexit cloud weighing on sterling, November's U.S. presidential election is now emerging as yet another potential drag on a much-unloved British pound.
To kick-start a world economy devastated by coronavirus, central banks have delved deep into their toolboxes and unleashed trillions of dollars in stimulus. So what instruments do they have left, should they need to do more?
The European Commission will ask the European Securities and Markets Authority (ESMA) to investigate if BaFin, Germany’s banking regulator, failed in its supervision of the failed German payments company Wirecard.
(RTTNews) - Asian stock markets are mostly higher on Friday following the positive cues overnight from Wall Street after U.S. regulators announced plans to ease regulations that will allow banks to invest in risky assets such as venture capital funds. The news helped offset worr
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