Qatar CDS hit 16-mth high as diplomatic crisis rumbles on
LONDON, June 29 The cost of insuring exposure to Qatari debt rose on Thursday to the highest since February 2016 as the diplomatic crisis that has isolated the tiny Gulf state rumbled on.
FRANKFURT, March 29 A spokesman for Gazprom in Germany said on Wednesday that the company's Berlin-based subsidiary, Gazprom Germania, will be laying off an unspecified number of staff, confirming a media report.
The spokesman said the unit, which has annual sales of 17 billion euros ($18.3 billion) and steers around 50 units across 20 countries via Berlin, was looking to eliminate duplicate structures in an overhaul driven by its Russian parent.
"It is about creating synergies and getting rid of redundant structures," he said, adding the layoffs would be done in close coordination with the works council.
The Handelsblatt business daily had reported the job cuts would amount to 100 out of 230 staff. ($1 = 0.9273 euros) (Reporting by Vera Eckert; Editing by Christoph Steitz)
June 29 Hong Kong stocks closed at their highest level in nearly three weeks on Thursday, led by financials on bet that Beijing would unveil supportive policies as President Xi Jinping visits the former British colony to commemorate the 20th anniversary of its handover to China on July 1.
LUSAKA, June 29 Zambia's economy is expected to grow by 4.1 percent in 2017 and by close to 5 percent by 2019, the World Bank said on Thursday, but the global lender also warned that stricter spending controls were needed to ease the country's large debt burden.