Lebanon's central bank will
intervene in the market starting from Thursday to protect the
Lebanese pound whose declining value has forced up the price of
food and other commodities, Prime Minister Hassan Diab said.
Kenya's biggest bank by assets,
KCB Group, has restructured more than 110 billion
shillings ($1.03 billion) of its loans to customers and up to a
quarter of its book could be affected by mid-June, its chief
executive told Reuters.
The body for promoting Britain's
financial services sector overseas said on Thursday it had
appointed a former senior lawmaker to head its policy work as
the industry grapples with the COVID-19 pandemic and departure
from the European Union.
Greencoat Capital has agreed to
buy a 156 megawatt (MW) portfolio of solar assets in Britain
from investment management firm BlackRock Real Assets and solar
energy developer Lightsource BP, it said on Thursday.
banking unit sold A$750 million ($492.30 million) worth of new
subordinated bonds at 2.90% over benchmark rates on Thursday, a
tighter margin that previously offered, according to one of the
banks managing the deal.