Uber Rival Bolt Names new CFO in Preparation for IPO

STOCKHOLM, July 6 Reuters Estonian ridehailing and food delivery startup Bolt named Mikko Salovaara as its chief financial officer ahead of the company39;s preparation for an initial public offering. The company, a rival of Uber, was valued at over 8 billion when it raised 628 million euros from investors in January last year. Chief Executive Officer Markus […]
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UK Regulator Orders Investment Funds to Manage Liquidity Better

LONDON, July 6 Reuters Some asset managers face sanctions for failing to manage liquidity properly, posing risks to market stability and investors39; ability to withdraw money, Britain39;s Financial Conduct Authority FCA said on Thursday. The suspension of property funds in Britain and difficulties faced by liabilitydriven investment funds last September have thrown a spotlight on […]
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Sri Lanka Slashes Rates as Expected after IMF Rescue

COLOMBO, July 6 Reuters Sri Lanka cut its key interest rates for the second straight month on Thursday as inflation eased after last year39;s devastating economic crisis and the focus returned to reviving growth following a bailout from the International Monetary Fund IMF. The Central Bank of Sri Lanka CBSL cut its standing deposit facility […]
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