Tag: yuan (1 articles)

Finance   |   23 May, 2024 at 11:42 AM

Currency war: Reality or fantasy?

In 2024, the strength of the dollar could trigger a new currency war. The market is concerned about the risk of competitive devaluations in Asia to counter the strong dollar.

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IFC to acquire 10% stake in Romanian pension firm Carpathia
Finance

IFC to acquire 10% stake in Romanian pension firm Carpathia

The International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement with Vienna Insurance Group (VIG) to acquire approximately 10% of the shares of Carpathia Pensii, a Romanian private pension company.

Industry

Polpharma to launch takeover bid for Biofarm

Polish pharmaceutical company Zakłady Farmaceutyczne Polpharma has agreed to launch a voluntary public takeover offer (VTO) for all shares of Romanian drugmaker Biofarm, according to a regulatory filing.