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Brazilian steelmaker Cia. Siderurgica Nacional SA posted another quarterly loss as higher costs and lower iron-ore prices weighed on its mining business, while the troubled company explores further asset sales to reduce its debt pile.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
The Pakistani rupee continued its marginal gain against the US dollar in the inter-bank market on Friday. The local unit closed the day at 276.60, a gain of Re0.01 against the greenback.
Paraguay’s digital bank ueno collapsed last Tuesday, freezing the savings of nearly 3 million customers and revealing political scandal.
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ING’s Frantisek Taborsky notes that Central and Eastern European FX remains under pressure as higher energy prices and weaker EUR/USD drive regional currencies to new lows.
Someone is enjoying an early Christmas
Microsoft Corp. is struggling to restore access to its flagship software and end an outage that has paralyzed government offices, traders and businesses globally.
