One of Latvia’s largest banks has asked for a 480 mn euro loan from the country’s central bank as part of efforts to reopen for business.
Nippon Life is likely to sell shares when they rise further, as the rally in risk assets driven by expectations of a “Goldilocks” scenario continuing is nearing an end.
ECB’s Vitas Vasiliauskas said a rise in euro zone bond yields and the value of the euro currency is a natural reaction to the bloc’s strong economic performance.
Italian Economy Minister Pier Carlo Padoan said that it should not be taken for granted that Germany’s Jens Weidmann will be the next European Central Bank governor.
Euro zone govt bond yields edged up as market speculation swirled over the next ECB chief at a time when monetary policy is the main threat for bond markets.
European Central Bank has stopped all payments by ABLV Bank, Latvia’s third biggest lender, as it’s facing accusations of money laundering, the ECB said in a statement.
Extending gains for the 3rd straight session, the rupee advanced by 18 paise to close at 63.91 per dollar on sustained selling of the US currency by exporters and banks.
Cash is king no more in Germany, denting a historical supremacy over other means of payments rooted in the country’s longing for privacy and freedom.
Global investors cut equity holdings by the most in 2-years in Feb, a Bank of America Merrill Lynch survey showed, as world shares had their worst week since early 2016.
The rupee fell 14 paise against the greenback to end at a near two-month low of 64.40 on bouts of dollar demand from importers and banks.
Ultratech Cement leads race to take over Binani Cement
Offers around Rs 6,200 cr, 20% stake in co to unsecured financial creditors
Dalmia Bharat offers Rs 6,300 Cr
Dalmia seen to lose as UltraTech offering equity stake to creditors
Final decision on winner to be ratified by NCLT
Business Standard Reporst
4 companies put in bids for 9 operational national highways under ‘toll-operate-transfer’ model
Brookfield Asset mgmt, Macquarie, IRB Infra and Roadis- NIIF are cos in fray
NHAI hopes to generate more than Rs 6000 cr Under TOT model
auction will involve five highways running across Andhra Pradesh and four in Gujarat
total length of these highways is just under 700 km
Successful bidder to get toll collection rights for 30 years
Ministry of Commerce recommended Central Govt Anti dumping duty on Dimethylacetamide
Recommend duty for 5 Yrs on DMAC originating from China and Turkey
Co bags Rajasthan Project
Received a LOI to construct, own, operate and maintain Fatehgarh-Bhadla transmission project in Rajasthan
Received LOI from PFC Consulting Ltd, an arm of Power Finance Corporation
With this project, ATL will strengthen its existing presence in Rajasthan with 2 operational transmission projects and 4 under construction assets
On completion of this acquisition cumulative transmission network will reach 12000 ckt kms, out of which ~9000 ckt kms under operation
Transformation capacity of ATL will also increase to 19,300 MVA from 35 substations
To be out of F&O if it does not declare quarterly results by March 1
All existing F&O contracts will expire on March 28
No fresh contracts will be available if the firm fails to submit results for quarters ended September and December 2017 by March 1