Stay updated with breaking news from Debt market. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
BRASILIA (Reuters) - Brazil President Luiz Inacio Lula da Silva on Wednesday said the proposal for a new fiscal framework prepared by Economy Minister Fernando Haddad will be announced before their trip to China next week. I haven t seen it yet. I had a first talk with Haddad, and he was going to prepare it. As soon as he gets it ready I will see it, said Lula as he left a lunch with the navy s high-ranking officials. It must be before the trip, even because Haddad will travel with me. The new fiscal rules are eagerly awaited by investors after Lula secured Congress approval for a multi-billion spending package that bypasses the constitutional cap to meet campaign promises. Haddad has indicated that new rules would likely be a key measure to balance revenues and expenditures and create space for reducing interest rates, as the country s benchmark rate sits at a six-year high of 13.75%, which has been repeatedly criticized by Lula for raising borrowing costs. Earlier, Haddad said his pr ....
Bharat Petroleum Corporation Limited (BPCL) is planning to raise up to Rs. 1,500 crore during the current financial year 2022-23 through private placement of unsecured non-convertible debentures subject to market conditions. ....
RIYADH: Saudi Arabia’s traded debt value surged 62 percent to reach SR4 billion ($1.1 billion) in the fourth quarter of 2022 compared to the previous three months, according to the newly released Debt Market Report. The Kingdom’s debt market, which trades interest-paying loans in the form of sukuk and bonds, hit its largest volume in almost two years in the final quarter of ....