September 6, 2021 JOHANNESBURG (Reuters) – South Africa’s jailed former president Jacob Zuma has been placed on medical parole because of his ill health, the government’s correctional services department said on Sunday. Last month prison authorities said Zuma, serving a 15-month sentence in Estcourt prison for contempt of court, underwent unspecified surgery at an outside […]
Vietnam’s capital ramps up testing after extending COVID-19 curbs
September 6, 2021 HANOI (Reuters) – Vietnam’s capital on Monday extended COVID-19 restrictions for a further two weeks, as authorities launched a plan to test up to 1.5 million people for the coronavirus in higher-risk areas of the capital to contain a climb in infections. The Southeast Asian country dealt successfully with the virus for […]
Leader of Afghan holdout region says he is ready to talk with Taliban
September 6, 2021 (Reuters) – The leader of the Afghan opposition group resisting Taliban forces in the Panjshir valley north of Kabul said on Sunday he welcomed proposals from religious scholars for a negotiated settlement to end the fighting. Ahmad Massoud, head of the National Resistance Front of Afghanistan (NRFA), made the announcement on the […]
Myanmar junta agrees to ASEAN call for ceasefire to distribute aid -Kyodo
September 6, 2021 BANDAR SERI BEGAWAN (Reuters) – Myanmar’s military rulers have agreed to an ASEAN call for a ceasefire until the end of the year to ensure distribution of humanitarian aid, Japan’s Kyodo news agency said, citing the envoy of the southeast Asian bloc to the crisis-torn nation. Following a coup in February, the […]
Column: Hedge funds in historic double-down on higher U.S. yields – Jamie McGeever
September 6, 2021 (The opinions expressed here are those of the author, a columnist for Reuters.) By Jamie McGeever ORLANDO, Fla. (Reuters) – Not only are hedge funds ramping up their bets on a higher 10-year U.S. Treasury yield, they are doing so on a historic scale. The latest move in Commodity Futures Trading Commission […]
End of the summer: Events that may shake markets in September
September 6, 2021 LONDON (Reuters) – After a summer in which stocks have hit a seemingly never-ending run of record highs, September brings a series of monetary and political events that could jolt investors out of their complacency. The will-they-won’t-they debate over trimming pandemic-era stimulus gets an airing with several G10 central banks holding meetings. […]
Goldman Sachs to list Petershill asset management unit for $750 million
September 6, 2021 By Lawrence White LONDON (Reuters) – Goldman Sachs will list asset management unit Petershill Partners on the London Stock Exchange for $750 million, it said on Monday. Petershill, which takes minority stakes in private equity and hedge funds, will be a standalone company operated by the Goldman Sachs Asset Management team, it […]
Taliban claim control of Panjshir as evacuation flights await clearance
September 6, 2021 (Reuters) – The Taliban claimed victory on Monday over opposition forces in the Panjshir valley northeast of Kabul, completing their takeover of the country following the stunning capture of Kabul last month and the chaotic withdrawal of foreign troops. Pictures on social media showed Taliban members standing in front of the gate […]
Tennis-Krejcikova beats Muguruza to reach U.S. Open quarter-finals
September 6, 2021 By Steve Keating NEW YORK (Reuters) – Barbora Krejcikova survived a Garbine Muguruza fight back and late injury issue to claim a 6-3 7-6(4) win and move into the quarter-finals of the U.S. Open on Sunday, while her Spanish opponent’s run at Flushing Meadows ended at a familiar roadblock. Playing in the […]
Exclusive: Refinitiv examines changes to key daily FX fixing window
September 6, 2021 By Tommy Wilkes LONDON (Reuters) – Refinitiv is considering a series of changes to its daily foreign exchange (FX) fixing, including lengthening the trading window used to calculate it, a senior company executive said, amid industry concerns over the global benchmark which used to value trillions of dollars of assets. The 27-year-old […]
Newsmaker: Toppled Conde failed to live up to pledges in Guinea
September 6, 2021 By Aaron Ross (Reuters) – The apparent overthrow of President Alpha Conde in Guinea capped a steady slide from grace for the veteran opposition leader and human rights professor whom critics say failed to live up to pledges to deliver democratic restoration and ethnic reconciliation. It was not entirely clear what had […]
Spain’s Factorial raises $80M at a $530M valuation on the back of strong traction for its ‘Workday for SMBs’
Factorial, a startup out of Barcelona that has built a platform that lets SMBs run human resources functions with the same kind of tools that typically are used by much bigger companies, is today announcing some funding to bulk up its own position: the company has raised $80 million, funding that it will be using […]
Tennis-Young Fernandez has a ‘great future’, says Kerber after US Open loss
September 6, 2021 NEW YORK (Reuters) – Leylah Fernandez has had a great start to her career and the teenager has a big future ahead of her, former champion Angelique Kerber said on Sunday after losing 4-6 7-6(5) 6-2 to the Canadian https://ift.tt/3zNgpO3 at the U.S Open. Fernandez, who turns 19 on Monday, knocked out […]
China’s export, import growth likely eased in Aug on COVID-19 cases, supply bottlenecks: Reuters poll
September 6, 2021 BEIJING (Reuters) – China’s export growth is expected to have moderated in August amid port congestion caused by fresh COVID-19 cases, a Reuters poll showed, while the pace of imports also slowed, highlighting the growing pressure on the world’s second-largest economy. The forecast slackening in overall trade add to a flurry of […]
Analysis: Sovereign wealth funds sweet on China, despite regulatory headwinds
September 6, 2021 By Tom Arnold LONDON (Reuters) – Sovereign wealth funds remain keen on China, despite regulatory crackdowns, planning standalone investment strategies and piling into venture capital and real estate, according to data and analysts. Investors in China have been shaken in recent weeks by a slew of regulations targeting sectors ranging from gaming […]
European banks still booking profits in tax havens, says report
September 6, 2021 LONDON (Reuters) – Top banks in Europe continue to use tax havens to book chunks of profits, a trend that has changed little since 2014 despite country-by-country disclosures becoming mandatory, the EU Tax Observatory said in a report on Monday. The independent research body, co-financed by the European Union, said disclosures from […]
Texas city to offer Samsung large property tax breaks to build $17 billion chip plant
September 6, 2021 (Reuters) – The city of Taylor, Texas – one of two locations in the state under consideration by Samsung Electronics for a $17 billion chip plant – plans to offer extensive property tax breaks if it is chosen by the South Korean tech giant. Taylor is competing with Austin, Texas to land […]
Hong Kong pet funerals aim for respectful farewell rather than landfill waste
September 6, 2021 By Aleksander Solum HONG KONG (Reuters) – In Hong Kong, where land is at a premium and burials are expensive, pet owners can choose “green burials” at more than a dozen animal crematoriums – an option that Kent Luk, who runs a dog shelter, says brings compassion to their deaths. Luk, owner […]
Australia sees strong future for coal beyond 2030 despite U.N. call
September 6, 2021 MELBOURNE (Reuters) – Coal will be a major contributor to Australia’s economy well beyond 2030 given growth in global demand, the country’s resources minister said on Monday, a day after a United Nations envoy called on the country to phase out the fossil fuel. Without greater efforts to cut coal, climate change […]
Dukaan raises $11 million to help merchants in India set up online stores
Dukaan, a one-year-old Bangalore-based startup that enables merchants to set up online stores and sell products digitally, said on Monday it has raised $11 million in a new financing round as it looks to broaden its offerings and deepen footprints in the South Asian market. The new financing round, a Pre-Series A, was led by […]