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BEIRUT (Reuters) - After three months of political paralysis, Lebanon has finally formed a government under Prime Minister Hassan Diab. Now comes the task of saving the country from a biting financial crisis and winning over investors and foreign donors.
FRANKFURT (Reuters) - Christine Lagarde has called the fight against climate change "mission critical" for the European Central Bank but she will struggle to match those words with actions during her eight years leading Europe's most powerful financial institution.
NEW YORK: SoftBank Group Corp. has prepared a financing package for WeWork Companies Inc that would give it control over the shared office space company, the Wall Street Journal reported.
KUALA LUMPUR: The additional government borrowings of RM58bil in the first six months of this year are used to pay, among others, ongoing commitments made by the previous administration including repayment of debts belonging to 1Malaysia Development Bhd (1MDB).
KUALA LUMPUR (Bernama): Malaysia's second quarter 2019 gross domestic product (GDP) growth continues to highlight the country's resilience amid the challenging global environment.
Beijing: China lifted some restrictions on foreign investment in the financial sector as the world’s second largest economy fights slowing growth at home and a damaging trade war with the United States.
MUMBAI/NEW DELHI: Credit rating agencies for years assigned high ratings to India's Infrastructure Leasing & Financial Services (IL&FS) and its group companies despite its deteriorating financial health, according to a special audit conducted by Grant Thornton India.
LONDON/BRUSSELS: The European Union is set to block some countries from accessing parts of the bloc's financial market for the first time, an EU document seen by Reuters showed, a step that will ring alarm bells in Britain in the run up to Brexit.
MEXICO CITY (Reuters) - Carlos Urzua resigned as Mexico's finance minister on Tuesday, a blow to the government of President Andres Manuel Lopez Obrador, who named a well-regarded deputy minister to replace him.
MUMBAI: The Indian government has announced a fresh capital infusion of about US$10bil into debt-burdened state banks and credit guarantees to support shadow lenders in a bid to boost lending and revive the economy.