Author: Press Room
DAR ES SALAAM – In a significant move to bolster investments in key economic sectors, CRDB Bank and the African Export-Import Bank (Afreximbank) have entered into a strategic partnership. The collaboration was formalized with the signing of a $115 million facility agreement at the Intra-African Trade Fair (IATF) 2023 in Cairo, Egypt, today. This new agreement earmarks $110 million for the parent company of CRDB Bank and an additional $5 million for its subsidiary in Burundi. The funds are intended to enhance investments across various sectors, including agriculture, oil and gas, and trade. This development represents a transition from mere…
© Reuters. NEW YORK – Reviva Pharmaceuticals Holdings, Inc. has entered into an agreement for an at-the-market offering, announcing the sale of shares and warrants with a projected closing date of Monday. The healthcare company, known for its innovative research and development (R&D) in therapeutic areas, has agreed to issue 5,853,660 shares and instantly exercisable prefunded warrants. Each share and warrant is priced at $5.125, attracting healthcare investors and a firm associated with a member of Reviva’s Board under Nasdaq regulations. The transaction is expected to close by Monday, subject to customary closing conditions, with estimated gross proceeds of $30…
CSG Systems International declares $0.28 dividend
Israeli actress Noa Tishby testified before Congress on Wednesday calling on the FBI to investigate the funding behind pro-Palestinian groups at American college campuses, effectively “brainwashing” and “grooming” students into aligning with “terrorist sympathizers” amid the Jewish state’s war against Hamas. Speaking before the House Ways and Means Committee, Tishby argued that violence and harassment against Jewish students “has been planned, engineered and incubated for decades by heavily funded, professionally orchestrated groups with close connections to terrorist organizations, like Hamas, Islamic Jihad and the PFLP.” “One of the main perpetrators of campus Jew-hate is Students for Justice in Palestine or SJP,” she…
SUQIAN, CHINA – NOVEMBER 14, 2023 – Illustration NVIDIA, Suqian, Jiangsu Province, China, November … [+] 14, 2023. Nvidia unveils its latest high-end AI chip, the H2 (Photo credit should read CFOTO/Future Publishing via Getty Images)Future Publishing via Getty Images Nvidia (NASDAQ: NVDA) is expected to publish its Q3 FY’24 results on November 21. We expect the company to have another upbeat quarter, as technology companies and developers have been scrambling to deploy generative AI into their applications, driving a windfall for Nvidia, whose high-end graphics processing chips remain the go-to products for AI workloads. We expect Nvidia’s revenue to…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Russian authorities have arrested senior executives at Carlsberg’s seized subsidiary Baltika Breweries under criminal charges of fraud as the battle over the rights to the Danish brewer’s brand licences escalates.The ministry of internal affairs raided Baltika’s St Petersburg office and arrested two executives for allegedly stealing Baltika’s intellectual property, weeks after the Danish brewer tried to block Baltika from selling its international brands such as Tuborg and Kronenbourg. The raids come as Baltika Breweries has been placed under “temporary management” by Russian President…
MUMBAI – The Reserve Bank of India (RBI) has announced an increase in risk weights for consumer credit, including personal loans and credit card receivables. This move comes as a measure to curb the rapid growth in certain consumer credit sectors and manage the escalating risks associated with them. As per the latest circular issued by the RBI today, the risk weight for consumer and retail loans, excluding home, education, vehicle, gold loans, and lending against gold jewelry, will now be 125%. The central bank has also specified that banks will have a higher risk weight of 150% for credit…
© Reuters. Investing.com — U.S. stock futures slipped lower Thursday, retreating after investors fretted about the full-year guidance provide by retail giant Walmart (NYSE:). By 07:45 ET (12:45 GMT), the contract was 89 points, or 0.3%, lower, traded 8 points, or 0.2%, lower and dropped 45 points, or 0.3%. Walmart guidance disappoints Walmart (NYSE:), the largest retailer in the U.S., posted net income of $453 million, or 17 cents a share, for the third quarter, a massive improvement from a loss of $1.8 billion, or 66 cents a share, in the year-earlier period. However, its guidance for the whole of 2023…
The London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE) are hinting at a potential collaboration in the wake of criticisms over the LME’s handling of a market crisis. At the CRU World Conference Asia, Zhang Bizhen, managing director at Minmetals Futures Co, pointed out the shortcomings in LME’s risk control systems, referencing the 2022 nickel short squeeze that led to a significant trading halt and the cancellation of transactions worth billions. Zhang, who did not hold back on his critique, suggested that LME should consider adopting some of the strategies implemented by SHFE to enhance investor security. This…
Warner Music GAAP EPS of $0.29 beats by $0.04, revenue of $1.59B beats by $20M