Ukraine on Friday made a crucial Eurobond interest payment that kept the war-torn country from slipping into technical default and potential isolation from global credit markets.
Two sources close to the situation told Agence France Presse that money to cover the $120 million (110 million euro) payment was transferred as soon as business hours opened in Kiev. The $2.6 billion note matures in July 2017.
Full Story
Queen Elizabeth II is due to get an 18 percent increase in income from her vast Duchy of Lancaster estate this year, accounts released on Thursday showed.
The private empire of property, land and investments began as an inheritance in 1265, and is one of several sources of funding for the monarchy.
Full Story
Oil prices rose in Asia on Friday following recent losses but analysts said the rebound is unlikely to be sustained because of a global crude glut.
U.S. benchmark West Texas Intermediate for September delivery edged up 26 cents to $48.71 a barrel in afternoon Asian trade. The contract finished below $49 on Thursday for the first time since March 31.
Full Story
The euro firmed in Asian trade Friday on easing concerns about the Greek debt crisis, while the dollar ticked higher against the yen as another batch of upbeat data reinforced expectations for a U.S. interest rate hike.
In Tokyo, the single currency fetched $1.0990 and 136.26 yen, up from $1.0985 and 136.10 yen in New York late Thursday.
Full Story
The following information is provided by Bnooki.com that is a FREE online platform that gathers data related to financial products and services offered by banks and financial institutions in Lebanon.
Personal loans, that is, loans that are granted for some kind of personal, family or household use, usually come in 2 types – secured & unsecured. The first type are secured against assets such as property, whereas unsecured loans are granted on the basis of credit history and personal income. These loans are available at practically every Lebanese bank and can be repaid in installments over a fixed period of time.
Full Story
Greece's parliament on Thursday approved a second batch of reforms needed to help unlock a huge international bailout for the stricken economy.
The bill passed by a resounding 230 votes out of the 298 members of parliament present, after a marathon debate stretching into the early hours that nonetheless exposed deep divisions in the governing Syriza party.
Full Story
German auto giant Volkswagen and Dutch company Fleet Investments said Thursday they would sell the global fleet management company LeasePlan Corp for about 3.7 billion euros ($4.0 billion).
The sale to a consortium of pension funds, global investment companies and private equity firms is expected by the end of this year, pending approval by regulatory and anti-trust authorities, they said.
Full Story
South Korea's quarterly growth slowed to the lowest in more than two years as a severe drought hit agriculture and an outbreak of Middle East respiratory syndrome sapped consumption.
The economy expanded 2.2 percent in the second quarter over a year earlier, the Bank of Korea said Thursday. That's the lowest since the first quarter of 2013. Asia's fourth-largest economy eked out 0.3 percent growth from the previous quarter.
Full Story
Economy and Trade Minister Alain Hakim met on Wednesday with Ambassador David Hale and talks focused on the continued cooperation to strengthen the Lebanese-American economic relationship, the U.S. embassy said in a statement.
Ambassador Hale highlighted the recent reauthorization of the U.S. Generalized System of Preferences (GSP) program, which strengthens commercial ties and promotes economic growth and stability in Lebanon by granting Lebanese products a competitive advantage in the U.S. market.
Full Story
Parts of northern Nigeria ravaged by six years of conflict caused by Boko Haram Islamists could be revitalized with around $2.1 billion in World Bank funding, according to a government spokesman.
Nigerian President Muhammadu Buhari's spokesman Femi Adesina said in a statement on Tuesday evening that the World Bank had pledged the money after talks in Washington.
Full Story


