Red flag over Malawi telecoms giant’s books
February 7, 2021 in Local, News
By Collins Mtika
Muzuzu, Malawi Wherever you go in Malawi whether it is in the cities, towns or the countryside Airtel Malawi is part of the landscape, and just about everyone knows about it in this Southern African country of 18 million people.
In 2018, Milward Brown, a global leader in brand strategy consultancy, advertising development and brand equity research, passed Airtel as the “most popular brand” in Malawi.
This is easy to understand; because wherever you go, the red and white corporate adverts of the service provider are so loud and imposing as Airtel Malawi boasts the largest footprint in Malawi.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Hilltop Holdings Ranks No. 17 on Forbes’ 2021 List of America’s Best Banks
February 5, 2021 GMT
Hilltop Holdings Inc. (NYSE: HTH) ranked No. 17 in
Forbes ’ 12 th annual America’s Best Banks list. Hilltop improved upon its ranking in the prior year, when it was ranked No. 35.
Forbes ranked the 100 largest publicly traded banks and thrifts using 10 metrics that measure growth, credit quality, and profitability. Rankings are based on data provided by S&P Global Market intelligence for the 12-month period ending with the September 30, 2020 regulatory filing period.
Large banks gear up for transition from LIBOR to SOFR
Mumbai Interbank Forwards Rate or MIFOR is a local gauge, which banks use for derivative or forward deals. It is derived by mixing LIBOR with a forward premium.
Synopsis
SOFR will likely be the new bellwether for Indian companies/banks pricing overseas money market/derivative deals or loans. That would replace the age-old London Interbank Offered Rate (LIBOR), a global borrowing gauge likely on its last legs.
MUMBAI: After the smokestack industries, it is time for India’s bulge-bracket banks to up the ‘atmanirbhar’ quotient. What would that entail? For starters, ditching a London benchmark to fix overnight rates in Mumbai.
Breakingviews
6 Min Read
LONDON (Reuters Breakingviews) - Jakob Stausholm will have to pick up a travel guide to Ulaanbaatar. Rio Tinto’s new chief executive has a challenging to-do list and atop it sits the miner’s troubled $10 billion Oyu Tolgoi copper and gold project, located 700 kilometres from the Mongolian capital. Trying to satisfy all the interested parties at once is probably a fool’s errand.
Workers talk at Rio Tinto s Amrun bauxite mine in Cape York, on the north-eastern tip of Australia March 7, 2019. Picture taken March 7, 2019.
It’s surprising the whole sticky mess, along with the high tensions between Australia and China and Rio’s frayed relations with indigenous peoples, didn’t dissuade Stausholm from taking the job. Turquoise Hill Resources, the Canadian-listed company that owns two-thirds of Oyu Tolgoi, lost a fifth of its market value on Jan. 11 after suggestions that the Mongolian government might not continue with the project. Shares of Turquoi