Category: Capital

EU Sees ‘Decisive Moment’ for Building Single Capital Market

LONDON—The European Union set out its third wave of reforms in six years on Thursday to try to build a seamless securities market that can compete better with London and New York, a step that will pit stock exchanges against rival platforms. The EU project to create a capital markets union (CMU) suffered a blow…


France Doesn’t Intend to Exit Air France-KLM Capital: APE Head

PARIS—France doesn’t intend to exit the capital of airline company Air France-KLM in the coming years, Martin Vial, head of the French state shareholding agency APE, said on Tuesday. Vial also told reporters that the French state could take part in any new operation involving Air France-KLM’s capital. France has a 28.60 percent stake in…


Lufthansa Launches $2.5 Billion Capital Increase to Repay State Bailout

FRANKFURT—Lufthansa said on Sunday it would launch a capital increase that was expected to raise 2.14 billion euros ($2.51 billion) to pay back part of a state bailout Germany’s top airline received during the coronavirus crisis. The subscription period for the widely-expected rights issue, involving the issue of about 597.7 million new shares, would run…


US Housing Regulator Proposes Tweaks to Capital Rules for Fannie Mae, Freddie Mac

WASHINGTON—The regulator overseeing housing giants Fannie Mae and Freddie Mac proposed on Wednesday changes to recently imposed capital and leverage requirements on the pair. The proposed rule from the Federal Housing Finance Agency would encourage the pair to shift more risk from taxpayers to private investors, while allowing them to support the housing market, the…


Taliban Seizes 9 Provincial Capitals Across Afghanistan in 6 Days

The Taliban has managed to capture nine provincial capitals in Afghanistan in just six days as U.S.-led foreign forces complete their withdrawal from the beleaguered South Asian country. “Unfortunately, after hours of heavy fighting, the ANDSF [Afghan National Security Forces] retreated,” said Jawad Mujadidi, a provincial council member from Badakhshan. “With the fall of Faizabad…


Gunmen Kill Nigerian Army General on Highway From Capital

ABUJA—Gunmen shot dead a Nigerian army general as he was traveling by car on a major road from the capital, Abuja, the army said on Friday, in the first such fatal gun attack on a senior serving military officer. Armed robberies and kidnappings for ransom, particularly in the northwest, have become so frequent that many…


Extremist Attack in Somalia’s Capital Kills at Least 9

MOGADISHU, Somalia—A large explosion in Somalia’s capital killed at least nine people and injured eight others, a health official said Saturday. Dr. Mohamed Nur at the Medina Hospital told reporters that the toll reflected only the dead and wounded who were taken to the facility in Mogadishu where he works. “I am sure the number…


Bomb Kills at Least 30 Near Girls’ School in Afghan Capital

KABUL, Afghanistan—A bomb exploded near a girl’s school in a majority Shiite district of west Kabul on Saturday, killing at least 30 people, many of them young pupils between 11 and 15 years old, Afghan government spokesmen said. The Taliban condemned the attack apparently aimed at civilians, and denied any responsibility. The explosion is being…


Roaring Tanker Fire Kills 7, Injures 14 in Afghan Capital

KABUL, Afghanistan—A searing blaze that roared through dozens of fuel tankers on the northern edge of the Afghan capital of Kabul killed seven people and injured 14 others, the Interior Ministry said Sunday. Investigators were combing through the tankers that lay in smoldering ruins and a gas station caught in the flames that lit up…