The owners of UAE-based budget retailer Brands For Less Group (BFL Group) are considering selling a minority stake in the business to investors, two sources with direct knowledge of the matter said.
Malaysian sovereign wealth fund Khazanah Nasional priced a $750 million five-year sukuk bond and a $750 million 10-year senior unsecured fixed rate bond, according to a term sheet reviewed by Reuters on Thursday.
Coffee prices in Vietnam continued to rise this week, tracking gains in London robusta futures on supply concerns, while traders were scrambling to buy beans in Indonesia as those from the current harvest were limited.
The world's largest cryptocurrency exchange, Binance, commingled customer funds with company revenue in 2020 and 2021, in breach of U.S. financial rules that require customer money to be kept separate, three sources familiar with the matter told Reuters.
Switzerland's Federal Administrative Court has received 230 claims against the country's financial regulator FINMA after it wrote off the value of Credit Suisse's AT1 bonds, the court said on Tuesday.