Ukraine fails to reach restructuring deal with GDP-linked debt holders

By Marc Jones LONDON (Reuters) -Ukraine’s government said on Thursday it had not been able to agree to a deal with holders of its GDP-linked warrants to restructure the bond-like debt instruments, although both sides said they were prepared to keep talking.     “Ukraine indicated that it could not accept the Restricted (GDP Warrant) Holders’ …

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Chilenas Codelco y SQM avanzan en acuerdo de litio con aprobación local; resta China

SANTIAGO, 24 abr (Reuters) -El acuerdo de asociación para la explotación de litio entre las chilenas Codelco y SQM avanzó el jueves con la aprobación de la fiscalía antimonopolio local, quedando pendiente la aprobación de China, dijo la estatal. El pacto forma parte de la política del presidente Gabriel Boric de aumentar el control estatal …

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Philippines, US begin joint maritime drills after Chinese carrier group spotted

MANILA (Reuters) – The Philippine Navy said a Chinese aircraft carrier battle group had passed near its northern maritime boundaries in the run-up to a six-day maritime exercise with the U.S. that began on Thursday as part of their annual Balikatan military drills. The coordinated naval drills, focused on enhancing interoperability, maritime domain awareness, and …

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Russia jails Colombian for nine years after convicting him of fighting as a mercenary for Ukraine

MOSCOW (Reuters) – A Russian court has sentenced Miguel Angel Cardenas Montilla, a Colombian who fought on the side of Ukraine, to nine years in prison for fighting against Russian forces as a mercenary, Russian investigators said on Thursday. Russia’s Investigative Committee said in a statement that Cardenas Montilla, 33, who previously served in the …

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South African rand stable after VAT hike withdrawn, markets await budget clarity

By Tannur Anders JOHANNESBURG (Reuters) -The South African rand was stable on Thursday after the finance ministry said it was withdrawing a contentious increase in value-added tax (VAT) that was due to take effect next month and as investors awaited clarity on the budget plans. The country’s biggest parties have clashed over the budget’s proposal …

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BNP Paribas CEO sees future investment banking opportunities in Europe

By Mathieu Rosemain PARIS -Today’s economic uncertainties could create corporate investment banking opportunities in Europe, BNP Paribas’ chief executive Jean-Laurent Bonnafe said on Thursday.  “There is probably a lot to come in terms of restructuring, refinancing, deleveraging, mergers and acquisitions,” he told analysts on a call, referring to large companies, which represent a big part …

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IMF’s chief says China needs to end property crisis, social safety net, services

WASHINGTON (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that for China to shift its economy towards consumption, it will need to end a property crisis, add social safety net protections, boost its services sector and let private sector companies reach their full potential. Georgieva also told a news conference that she …

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VinFast’s losses widen after offering promotions to boost EV sales in Asia

By Phuong Nguyen and Akash Sriram (Reuters) -Vietnamese electric vehicle maker VinFast’s losses widened in the fourth quarter, it said on Thursday, due to rising costs linked to its overseas expansion and free charging programme aimed at attracting buyers. VinFast reported a net loss of $1.3 billion for the fourth quarter of 2024, worsening from …

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UniCredit backs Caltagirone with large Generali stake

By Valentina Za and Gianluca Semeraro TRIESTE, Italy (Reuters) -UniCredit on Thursday threw its weight behind rebel Generali investor Francesco Gaetano Caltagirone, three sources said, in a move that may soften government opposition to a takeover bid for Banco BPM. Although Caltagirone was effectively defeated in Thursday’s shareholder vote to pick a new Generali board, …

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