Will they or won't they? The debate over whether the U.S. Federal Reserve is readying an interest rate hike will get its umpteenth airing over the coming week, with all eyes on Chair Janet Yellen to provide some clarity.
Amid conflicting signals (...)
LONDON: Naguib Sawiris, the Egyptian tycoon trying to sell assets to Russian group Vimpelcom, is to lose control of Greek telecom business Wind Hellas after creditors emerged as the preferred bidders on Monday.
Bondholders will take over Wind (...)
ATHENS/LONDON: A total of six firms have submitted binding bids to buy Greece's cash-strapped telecom Wind Hellas, an official close to the sale process said on Friday.
The bidders include Wind Hellas's current owner, Egyptian tycoon Naguib (...)
DUBAI: State-owned conglomerate Dubai World reached a formal deal to restructure almost $25 billion of liabilities, partly easing recently heightened concerns over the Gulf emirate's debt woes.
While Dubai World's agreement with most of its (...)
LONDON: Egyptian billionaire Naguib Sawiris will struggle to pull the same rabbit from the hat that last year left him in control of ailing Greek telecoms group Wind Hellas at the expense of creditors.
Greece's third-largest mobile phone operator (...)
