Saturday, April 9, 2022

Financial Post

Financial Post


Sri Lanka to seek $3 billion to stave off crisis -finance minister

Posted: 09 Apr 2022 09:01 AM PDT

COLOMBO -- Sri Lanka will need about $3 billion in external assistance over the next six months to help restore supplies of essential items including fuel and medicine, Finance Minister Ali Sabry told Reuters on Saturday. Read More

IMF says ‘very concerned’ about Sri Lanka’s ongoing economic crisis

Posted: 09 Apr 2022 08:10 AM PDT

COLOMBO -- The International Monetary Fund (IMF) said on Saturday it was "very concerned" about Sri Lanka's ongoing economic crisis and that it had started technical-level engagement with finance ministry and central bank officials for a loan program. Read More

Nigeria’s electricity grid collapses for the second time in a month

Posted: 09 Apr 2022 08:05 AM PDT

LAGOS -- Nigeria's national electricity grid has collapsed for the second time in a month, the federal ministry of power said on Saturday, leaving the parts of the country it serves, including capital Abuja and Africa's biggest city Lagos, without power. Read More

Czechs should cut energy dependence on Russia within five years – prime minister

Posted: 09 Apr 2022 07:10 AM PDT

PRAGUE -- The Czech Republic should cut its dependence on Russian energy resources within five years, Prime Minister Petr Fiala said on Saturday, terming the current situation one of the country's "greatest security risks." Read More

Sri Lanka to seek $3 billion to stave off crisis -finance minister

Posted: 09 Apr 2022 06:50 AM PDT

COLOMBO -- Sri Lanka will need about $3 billion in external assistance in the next six months to help restore supplies of essential items including fuel and medicine, its finance minister told Reuters on Saturday. Read More

Hungary Escalates Spat With EU Over Paying for Russian Gas

Posted: 09 Apr 2022 06:41 AM PDT

(Bloomberg) -- Hungary can pay for Russian natural gas without violating European Union sanctions against Russia, Foreign Minister Peter Szijjarto said in a Facebook post in response to a warning from European Commission President Ursula von der Leyen. Read More

Volkswagen rejects shareholder push for climate lobbying disclosures

Posted: 09 Apr 2022 05:29 AM PDT

BERLIN -- Volkswagen has rejected a shareholder proposal for it to explain how its lobbying activities align with its climate goals - something two of the carmaker's leading competitors have already promised to do, one of the investors said on Friday. Read More

Rhizen Pharmaceuticals AG Presents Data on Its Differentiated PARP and DHODH Inhibitor Programs at AACR 2022

Posted: 09 Apr 2022 05:08 AM PDT

BASEL, Switzerland -- Rhizen Pharmaceuticals AG (Rhizen), a Switzerland-based privately held, clinical-stage oncology & inflammation-focussed biopharmaceutical company, announced the release of data on its differentiated next-generation clinical-stage PARP (Poly ADP-Ribose Polymerase) and DHODH (DiHydro Orotate DeHydrogenase) inhibitor programs at the American Association for Cancer Research (AACR) 2022 Annual Meeting. Rhizen's poster presentations describe the preclinical characterization and differentiated features of its novel PARP inhibitor (RP12146) and preclinical data supporting the broad positioning of its DHODH inhibitor (RP7214) in AML. Read More

Clock ticks down towards a Russian default

Posted: 09 Apr 2022 04:40 AM PDT

LONDON -- Russia faces its first sovereign external default in over a century after it made arrangements to make an international bond repayment in roubles earlier this week, even though the payment was due in U.S. dollars. Read More

Generali shareholders urged to back CEO reappointment – documents

Posted: 09 Apr 2022 03:09 AM PDT

MILAN -- Leading investor advisers have recommended shareholders at Generali back the proposal by the Italian insurer's outgoing board to hand CEO Philippe Donnet another term at the helm, documents showed on Saturday. Read More

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