Judicial hearings in Huawei Chief Financial Officer Meng Wanzhou's extradition case wrapped up on Wednesday and British Columbia Associate Chief Justice Heather Holmes said she would announce the date of her ruling on Oct. 21.
Indonesian gold miner PT. Archi Indonesia is planning to launch an initial public offering by next June, aiming to sell a 20% stake, the company said on Monday.
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WARSAW, May 11 (Reuters) - Bank Millennium, the Polish unit of Portuguese lender BCP, sees no need to raise capital to cover the costs of potential settlements with clients over Swiss franc loans, the bank’s management said on Tuesday.
The Polish Supreme Court was expected to issue a highly anticipated guidance on FX loans later on Tuesday that might have an impact on the way banks reach settlements with their clients, whose loan repayments ballooned due to franc appreciation against the zloty.
The court’s building has, however, been evacuated due to a bomb threat.
“Our scenario shows that we have a strong capital surplus that allows us to deal with some negative scenarios regarding the court verdicts of the cases we have already in the court and even assuming some additional numbers that would come to the courts in the future,” Millennium’s Chief Financial Officer Fernando Bicho told a press conference.