Sohail

(Bloomberg) – The Deutsche Lufthansa AG is proposing to raise funds to repay a portion of the German Government bailout with 2.14 billion euros ($2.5 billion) that were helpful for the entire country to fight against the pandemic caused by a coronavirus. A statement released on Sunday shared that the company will be using about … Read More

BEIJING (Reuters) – Earlier this year, six executives from Evergrande had redeemed some investment products from the company in advance. The heavily indebted company reported the news on Saturday. The six executives from the company made their early redemptions from 12 of the investment products between May 1st and Sept 7th, which was stated clearly … Read More

(Bloomberg) – Beijing has placed a lot of strict measures on Macau casinos for which Chinese stock is suffering at the worst in a month within a week. The Casinos and Evergrande Group in China fears the collapse due to the investment put forward in that equity market of the country. With Hong Kong’s Hang … Read More

FRANKFURT (Reuters) –Philip Lane, a chief economist of European Central Bank (ECB), revealed that ECB is expecting inflation of 2% by the end of 2025 while talking to a German economist in a private meeting, the Financial Times shared these stats on Thursday in the report that was disputed by the bank. The report has … Read More

NEW YORK (Reuters) – Citirgroup Inc hired Milovanovic to lead the investment banking unit to keep a check on acquisitions and the change formed with the act of mergers by a financial institution in the USA. This was reported by Reuters on Thursday, according to an internal memo. A Citigroup spokesperson confirmed that co=head of M&A, … Read More