Mon, Nov 18, 2024 2:23 PM
IRDAI identifying insurers poised for IPOs, says Chairman Debasish Panda
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The energy trader seeking to buy UK gas assets from Shell Plc and Exxon Mobil Corp. was sued over allegations that he diverted money from an Iranian petrochemical company that was later banned from doing business in the US. Francesco Mazzagatti is accused in a London lawsuit of profiting from an indirect ownership of Mehr Petrochemical Co., an Iranian maker of plastic resin.
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Alibaba Group Holding is planning to sell bonds denominated in US dollars and Chinese yuan to help repay debt and fund stock repurchases, as the e-commerce leader bets on declining interest rates to replenish its capital. The principal amount, interest rates, maturity dates and other terms of the notes would be determined at the time of pricing of the offering, the company said.
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The New Zealand credit and charge card payments market is forecast to register a compound annual growth rate (CAGR) of 4.4% between 2024 and 2028 to reach NZD64.5bn ($39.6bn) in 2028, supported by the constant consumer shift towards electronic payments, according to GlobalData, publishers of EPI. GlobalData’s Payment Cards Analytics reveals that credit and charge card payment value in NZ.
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