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Russian cenbank to monitor impact of fuel situation on inflation, deputy governor says

Russian central bank officials will monitor the impact of rising domestic fuel prices and update inflation forecasts accordingly, Alexei Zabotkin, the deputy governor of the central bank said on Monday.Russia's domestic fuel market has been disrupted by Ukrainian attacks on oil refineries. Presiden…

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Economy

Sundaram Finance accepts bids for August 2028 bond reissue, bankers say

India's Sundaram Finance NSE:SUNDARMFIN accepted bids worth 7.50 billion rupees ($79.50 million) for the reissue of 7.75% August 2028 bonds, three bankers said on Monday.It will offer a yield of 7.6987% to the investors and had invited bids for the issue earlier in the day, they said.Sundaram Finan…

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corp_bondStocksIN

British American Tobacco cost cutting hits 9,000 roles

British American Tobacco LSE:BATS said on Monday it plans to reduce its workforce by about 20%, as it pushes ahead with an AI-driven transformation program to cut costs and bolster profits amid regulatory challenges and delayed launches.The tobacco giant said it would cut 5,500 jobs and move a furt…

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