Business Blog

UPDATE 1-Egypt's CIB says Actis sells remaining 6.5 pct stake

(Adds details, context) CAIRO, May 19 (Reuters) - Egypt's biggest listed bank, Commercial International Bank COMI.CA , said in a statement on Monday that private equity firm Actis had sold its remaining 6.5 percent stake in the bank to Fairfax...

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Update-Moody's assigns (P)Baa2 to Suntory Holdings' and it's financing subsidiaries' Euro MTN Programme

Suntory Holdings Limited SUNTH.UL (Suntory Holdings) For the full text of this story please click the following link: http://www.moodys.com/page/viewresearchdoc.aspx?docid=PR_299524&WT.mc_id=NLTITLE_YYYYMMDD_PR_299524 ((Bangalore Ratings Team,...

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S.Africa's Netcare boosts H1 profit thanks to weaker currency

May 19 (Reuters) - South Africa's No.3 private hospital group Netcare Ltd NTCJ.J reported a 20 percent rise in first-half profit on Monday, thanks to a weaker rand currency and strong local demand. Netcare, which also runs one of Britain's...

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Russia to nearly halve 2014 domestic borrowing - Finance Minister

MOSCOW, May 19 (Reuters) - The Russian finance ministry plans to cut its domestic borrowing for this year by nearly a half to 435 billion roubles ($12.5 billion), Finance Minister Anton Siluanov said on Monday. Last week, the ministry said it would...

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Thai state labour unions may strike in protest against government

By Amy Sawitta Lefevre BANGKOK, May 19 (Reuters) - Labour unions representing workers in Thai state firms have called for a strike this week to force the government out, siding with street protesters who have been trying for six months to get a new...

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UPDATE 3-Thai economy shrinks more than expected in Q1; political crisis may cause recession

* Q1 GDP -2.1 pct q/q and -0.6 pct y/y, worse than forecast * Political turmoil hits demand, tourism; exports still weak * Some economists see central bank reluctantly cutting rates again * Political events this week may determine if crisis near end...

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