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Monday, 10 August 2015

Greece nears creditor deal, Buffett’s biggest ever takeover | FirstFT - YouTube

Greece nears creditor deal, Buffett’s biggest ever takeover | FirstFT - YouTube: ""



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Ukraine and creditors locked in debt spat - FT.com

Ukraine and creditors locked in debt spat - FT.com:



"Ukraine is preparing to meet international creditors in San Francisco this week as the war-torn country warns that, unless a debt restructuring deal is struck, it is prepared to impose a debt moratorium in September.



According to Ukraine’s Ministry of Finance, the meeting on Wednesday represents the last opportunity for the two sides to reach full agreement in advance of a $500m bond due to mature on September 23.



In the absence of a deal Ukraine has stated it will seek “alternative options for financing its International Monetary Fund-supported programme”, which are understood to include a debt moratorium."



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Private companies still 'highly upbeat' despite slowdown | GulfNews.com

Private companies still 'highly upbeat' despite slowdown | GulfNews.com:



"The Dubai Economy Tracker data for July showed sustained increase in business activity and private sector output growth supporting five-and-a-half years of continuous expansion.



The tracker data from a monthly survey of business conditions in the Dubai’s non-oil private sector, sponsored by Emirates NBD and produced by Markit, gives an early indication of operating conditions in Dubai.



Although the output growth continued to be positive, growth momentum moderated to its weakest recorded since March 2012 amid softer contributions from all three key sub-sectors monitored by the survey."



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Start-up Apis raises $150m for emerging fintech honeypots - FT.com

Start-up Apis raises $150m for emerging fintech honeypots - FT.com:



"A young private equity house focused on investing in financial services across Africa and south Asia has won strong backing for its inaugural fund.



Apis Partners, founded a year ago, raised over $150m for the “first close” of the fund, allowing it to begin deploying capital while seeking other investors.



The speed of Apis’s fundraising underlines how backers of private equity are increasingly keen on funds that are devoted to specific sectors and untapped niches and markets."



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MIDEAST STOCKS-Gulf markets consolidate in thin trade - Yahoo Maktoob News

MIDEAST STOCKS-Gulf markets consolidate in thin trade - Yahoo Maktoob News:



"Most Gulf stock markets moved very little in early trade on Monday as investors remained cautious with oil prices near a six-month low.



Dubai's index was flat as the most traded stock, Union Properties, was down 3.5 percent, which offset gains made by other securities.



The firm reported a 96 percent slump in second-quarter net profit on Sunday as revenue from property management and home sales shrank and its year-earlier earnings were swelled by property revaluations."



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