Currency

Alibaba Aims To Raise $5 Billion In Dual Currency Bond Deal, Sources Say

China's biggest e-commerce company Alibaba Group is aiming to raise $5 billion (€4.74 billion) in multi-tranche dollar and offshore Chinese yuan bonds...

How Can Food And Drinks Companies Adapt To Rising Currency Volatility?

Amidst rising currency volatility, Jason Gaywood, head of corporate solutions at FX-as-a-service provider MillTechFX, discusses the importance of FX risk m...

Croatia's Studenac Invests In Operations Ahead Of Euro Transition

Croatian retailer Studenac Market has invested in employee training, an IT systems upgrade and customer communications initiatives ahead of the country's t...

Record Retail Sales Rise Helps Lift Mood In Brazil

Brazil's real reversed declines to trade higher on Thursday after a record reading on retail sales, although worries lingered about the country's public fi...

Currency Fluctuations Hit Dairy Firm Glanbia In First Half

Irish dairy firm Glanbia has posted revenues of €1.12 billion for the first half of its financial year, however the business has been hit by currency...

Currency Fluctuations Lead Verallia To Posts Marginal Decrease In Q2

Glass packaging firm Verallia has posted a 0.9% decrease in reported revenue for the second quarter of its financial year, of €650.1 million. Howev...

Iceland Continues To Accept 'Round Pound' Until End Of 2017

British supermarket chain Iceland will continue to accept old 'round pound' coins in all of its Iceland and The Food Warehouse stores in the UK until 31 De...

Brexit-Hit Pound Set For Worst Month Versus Dollar Since October

The pound is headed for its biggest monthly decline versus the dollar since October as Brexit talks between the UK and the European Union, alongside an und...

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Russia Stuck With Record Wheat Stockpiles As Ruble Slows Exports