Latest news with #820
TimesLIVE
28-05-2025
- Automotive
- TimesLIVE
Nissan plans $7bn funding, including loan backed by UK government
Japan's struggling Nissan is considering raising more than ¥1-trillion (R125,794,820,900) from debt and asset sales which would include a syndicated loan guaranteed by the UK government, Bloomberg News said on Wednesday. The country's third-biggest carmaker plans to issue as much as ¥630bn (R78,291,108) worth of convertible securities and bonds, including high-yielding US dollar and euro notes, Bloomberg News said, citing documents it had seen. Nissan is also considering taking out a £1bn (R24,260,850,000) syndicated loan guaranteed by UK Export Finance, the report said. The report said Nissan is also looking at selling part of the stakes it holds in French carmaker and long-standing alliance partner Renault and in battery maker AESC Group, and plants in SA and Mexico. Representatives for Nissan and UK Export Finance did not respond to a request for comment. Bloomberg News cited sources as saying Nissan's board did not appear to have approved the funding proposal yet, leaving it unclear whether it would happen. The proposal was also slated to include the rollover of some debt, the report said. Earlier this month, the company presented a sweeping cost-cutting plan under which it plans to reduce its workforce by around 15% and cut car plants to 10 from 17 globally. Sources told Reuters this month Nissan is considering plans to shut two car assembly plants in Japan and overseas factories, including in Mexico, and stop production in SA as part of its cost-cutting plan. Nissan's shares rose more than 4% after the report but they gave up most of the gains and were last trading up 0.6%.
Edinburgh Reporter
22-04-2025
- Sport
- Edinburgh Reporter
Jacob Fearnley into Madrid Open first round
Jacob Fearnley claimed a place in the first round proper of the Madrid 1000 tennis tournament on Tuesday with a 7-5, 6-1 victory over experienced clay court campaigner, Hugo Dellion of Bolivia. The Scot did not have it all his own way in the first set against the master of the drop shot and had to save a set point on his serve at 4-5. However, that hurdle cleared there was no looking back as the former Colinton club junior and Merchiston Castle tennis academy prodigy began to hit out and blew his top 100 opponent away. He now waits to see who he will meet in the first round proper but already Jacob is guaranteed prize money of E20,820 and 10 ranking points. With the exception of Jannik Sinner most of the world's leading men are competing in the Spanish capital with British No 1 Jack Draper seeded fifth and Scot Cameron Norrie also in the draw. Norrie faces Spanish wild card Martin Landaluce in round one. Jacob Fearnley after his straight sets victory to reach round one of the Mutua Madrid Open. A stylish volley from Jacob Fearnley in Madrid today. Eyes on the prize; Jacob Fearnley puts away a smash in Madrid today. Photographs courtesy of Alex Harkins and Gerry Reilly. Like this: Like Related
Yahoo
17-04-2025
- Business
- Yahoo
SeABank reports profit before tax of US$168.14 million in Q1/2025
HANOI, Vietnam, April 17, 2025 /PRNewswire/ -- Southeast Asia Commercial Joint Stock Bank (SeABank, stock code: SSB) announced its consolidated first-quarter results 2025 with positive figures, reflecting robust performance. Strong performance exceeds Q1/2025 KPIs SeABank has delivered outstanding results in Q1/2025, sustaining growth momentum compared to the same period in 2024, particularly: PBT reached VND4,350 billion (US$168.14 million), fulfilling 269% of KPIs and marking a sharp YoY increase of nearly 189%. TOI hit VND5,820 billion (US$224.96 million), achieving 184% of KPIs and increasing by over 115% YoY. A standout contributor to this income growth was NoII, which surged to VND3,369 billion (US$130.22 million) – an increase of 378%, completing 340% of KPIs. Those positive results were driven by SeABank's proactive expansion of non-credit services, effective cost control, enhanced risk management, and the implementation of strategic projects. By the end of Q1/2025, total mobilization from customer deposits and valuable papers at SeABank reached VND189,993 billion (US$7.34 billion). Total lending balance was VND213,048 billion (US$8.24 billion) - a net year-on-year increase of VND3,693 billion (US$142.75 million). Additionally, SeABank's NPL ratio slightly declined to 1.84%, reflecting effective credit risk management amid ongoing macroeconomic challenges and a rising NPL trend across the banking sector. The debt coverage ratio was maintained at 81.81%, ensuring sufficient provision in line with regulatory requirements. As of March 31st, 2025, SeABank's total assets reached VND333,746 billion (US$12.9 billion), up 2.47% - equivalent to a net increase of VND8,047 billion (US$311.04 million) from December 31st, 2024; charter capital reached VND 28,450 billion (US$1.1 billion). Enhancing international partnerships, expanding funding and supporting SME In Q1/2025, SeABank continued its position as a trusted partner of international financial institutions to promote capital access for Vietnamese enterprises, thereby strengthening capacity and advancing focus on key business sectors. By the end of March 2025, SeABank's total international mobilization reached nearly US$1.1 billion, following an investment of US$80 million from the French Development Finance Institution (Proparco) and the Dutch Entrepreneurial Development Bank (FMO). This not only strengthens SeABank's funding base to support SMEs and women-owned businesses, but also affirms the Bank's reputation, operational efficiency, and effective capital utilization. Besides, in Q1/2025, SeABank has completed transferring 100% of its stake in Post and Telecommunication Finance Company (PTF) to AEON Financial Service. This helped enhance the Bank's capital base and financial capacity for scale expansion, technological investments, while driving sustainable business growth with strategic focus. View original content to download multimedia: SOURCE SeABank Sign in to access your portfolio
Zawya
14-03-2025
- Business
- Zawya
Tanzania's inflation rises slightly on higher food prices
Tanzania has recorded a slight increase in headline inflation, driven primarily by rising food prices. According to the latest data from the National Bureau of Statistics (NBS), the inflation rate rose to 3.2 percent in February 2025, from 3.1 percent in January. NBS figures released this week show that the prices of key staples saw notable increases – rice rose by 3.8 percent, finger millet grains by 10.1 percent, maize grains by 1.8 percent, sorghum flour by 4.0 percent, maize flour by 2.6 percent, and fresh beef by 0.8 percent. The overall Consumer Price Index (CPI) increased by 0.6 percent between January and February, further highlighting inflationary pressures. Other food products that saw price increases include cooking oil (2.4 percent), fruits (2.6 percent), groundnuts (4.9 percent), vegetables (1.3 percent), potatoes (2.5 percent), sweet potatoes (2.9 percent), dried beans (3.5 percent), dried lentils (2.0 percent), cowpeas (3.7 percent), and cassava flour (1.4 percent). The rise in food prices has partly been attributed to increased demand ahead of the start of the month of Ramadan, during which food consumption patterns shift due to daily fasting, evening feasts, and food donations to the underprivileged. In response, Prime Minister Kassim Majaliwa has urged traders to avoid unjustified price increase during the fasting period in March. Fuel price increases Inflationary pressures have also been felt in the energy sector. The Energy and Water Utilities Regulatory Authority (Ewura) released new fuel price caps for March, showing a significant increase in the cost of petrol, diesel, and kerosene. Petrol prices in Dar es Salaam rose to Tsh2,996 ($1.03) per litre, up from Tsh2,820 ($0.97) in February, marking a 6.27 percent increase. Diesel is priced at Tsh2,885 ($0.99) per litre, up from Tsh2,703 ($0.93), a 6.73 percent rise. Kerosene saw the sharpest increase, now retailing at Tsh3,036 ($1.05) per litre, compared to Tsh2,710 ($0.94) last month, a 12.02 percent surge. Ewura's Director General, James Mwainyekule, attributed the price increases to global fuel market trends and currency fluctuations. © Copyright 2022 Nation Media Group. All Rights Reserved. Provided by SyndiGate Media Inc. (
