Oil prices rally, Brent crosses $97/bbl as Houthis attack Saudi tankers in Red Sea
Information
From Defense to Housing, Luxembourg Steps Up Retail Bonds Push
Luxembourg’s successful sale of defense bonds has encouraged it to again turn to retail investors, this time with securities that will help fund affordable housing.
Information
Nigeria’s Biggest Bank Sees Profit Surge After Recapitalization
First HoldCo Plc, Nigeria’s biggest lender by market value, forecasts profit will jump this year after a capital injection strengthened its balance sheet, helping cut costs and boost loan recoveries.
Information
China Tankers Reach Red Sea Chokepoint Despite Houthi Threat
Two China-owned oil tankers loaded with Saudi Arabian crude remained on course to exit the Red Sea via the Bab el-Mandeb chokepoint, despite overnight Houthi attacks on vessels in the region.
Information
EasyJet Profit Falls 70% Amid Higher Fuel Costs, Lower Demand
EasyJet Plc said profit fell by 70% in its fiscal third quarter as the UK budget carrier continues to suffer from higher jet fuel costs and lower consumer demand, driven by the impact from the Middle East conflict.
Information
TotalEnergies Profit Jumps 68% as War Upends Energy Markets
TotalEnergies SE said second-quarter profit surged as the Iran war boosted prices of crude and refined products, offsetting a drop in profits in its gas business.
Information
Airtel Mobile-Money Unit Chooses London for Listing Location
Airtel Africa Plc picked London as the primary listing location for its mobile-money business and expects to start trading there this year.