The Covid-19 pandemic has led to a situation in Turkey which prompted economists and financial experts to think about the establishment of an alternative economic order to avoid the fragility of debt- and interest-based economic systems and one which would be more effective to react to such crises.
Swedish engineering giant Alfa Laval AB agreed to buy Neles Oyj in a deal that values the Finnish valve maker at roughly $2bn, setting a price that’s high enough to potentially fight off any counter bids.
The International Monetary Fund urged Lebanese authorities yesterday to unite around a government rescue plan and warned that attempts to lower losses from the financial crisis could only delay recovery.
India re-opened for business in June after months of lockdown but for thousands of small entrepreneurs in the town of Meerut, near Delhi, the blow has been devastating.
HDFC Bank Ltd has conducted a probe into allegations of improper lending practices and conflicts of interests in its vehicle-financing operation involving the unit’s former head, according to people familiar with the matter.
Nerves are fraying underneath the stock market’s technology-fuelled rally. Short bets against the biggest equity exchange-traded fund are stubbornly high and recently ticked up, even after the ETF’s 41% climb from March’s lows.
Asian markets rose yesterday, recovering some of the losses at the end of last week, as investors followed a strong performance on Wall Street fuelled by hopes for a coronavirus vaccine, though a spike in infections around the world capped gains.
The 3rd GECF Annual Workshop on "Promotion of Natural Gas Demand" featured international gas industry leaders and panellists and focused on factors that will position natural gas as a “fuel of choice” for the 21st century global economy.