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Blackstone, CVC and MUFG among bidders for stake in Vietnam's MoMo, sources say

By Yantoultra Ngui and Phuong NguyenBlackstone, CVC Capital Partners and Japan's MUFG are among bidders for a stake in Vietnamese fintech firm MoMo as it presses ahead with a partial sale, two people with direct knowledge of the matter said.Binding bids are due in September, added the people, who d…

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Stocks USVN
NEWS reuters

Strong El Nino will develop rapidly over coming months, says UN weather agency

By Olivia Le PoidevinThe United Nations weather agency on Friday raised its forecast for the rapid emergence of a strong El Nino in the coming months, warning that the phenomenon is likely to drive global temperatures higher.El Nino is a periodic warming of sea surface temperatures in the central a…

Reuters en
NEWS reuters

Slew of diesel window deals emerge; front-month timespreads widen

Asia's diesel market activity turned upbeat on Friday, with a slew of deals seen on the trading window and timespreads firming back up, though the east-west spread narrowed slightly.Spot activity was generally thin towards the end of the week, though sales for end-July shipments earlier in the week…

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Futures
NEWS reuters

Sri Lanka urged to stick to reforms as IMF programme nears end

By Uditha JayasingheSri Lanka needs stronger public finances, more private investment and a faster accumulation of foreign reserves to ensure a lasting economic recovery as it looks beyond its $2.9 billion IMF programme, analysts say.A team from the International Monetary Fund wrapped up a visit to…

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Economy