News

September 8, 2021 MOSCOW (Reuters) -A gas explosion on Wednesday in a nine-storey block of flats in a city near the Russian capital killed two people and damaged apartments, a law enforcement agency said. Big holes in the outer walls of the building in Noginsk city, 50 km (31 miles) east of Moscow, could be […]

September 8, 2021 By Antony Paone and Ingrid Melander PARIS (Reuters) -Scores of police gathered around the Palais de Justice courthouse in central Paris early on Wednesday to protect the trial of 20 men suspected of involvement in a jihadist rampage across Paris on Nov. 13, 2015. Some 130 people were killed and hundreds wounded […]

In Nigeria, there are more than 40 million micro-businesses underserved in some form or another regarding banking services. Although some of these businesses have registered bank accounts, gaps exist in how banks use the data available to serve the needs of each business. With banks, presenting a series of transactions as statements is all these businesses […]

September 8, 2021 NEW DELHI (Reuters) – India’s economic growth will remain strong in the coming quarters while inflation in Asia’s third largest economy is likely to remain at elevated levels, analysts at Standard and Poor’s said on Wednesday. S&P said the next rating action on India will depend on the pace of recovery over […]

September 8, 2021 FRANKFURT (Reuters) – Deutsche Bank Chief Executive Officer Christian Sewing said on Wednesday that the German lender wasn’t on the hunt for a potential merger partner. “We have to finish the homework that we’ve been carrying out for the last two to three years,” he said at a conference. (Reporting by Tom […]

September 8, 2021 FRANKFURT (Reuters) -The European Central Bank could tighten policy sooner than many expect as inflationary pressures could prove to be persistent, ECB policymaker Robert Holzmann said in a contribution to Eurofi Magazine on Wednesday. The ECB, which meets on Thursday, has kept policy ultra-easy since the start of the coronavirus pandemic, and […]

September 8, 2021 BEIJING (Reuters) – China’s foreign ministry spokesperson Wang Wenbin said on Wednesday that China is ready to maintain communication with the new government and leader in Afghanistan. Wang made the comment at a daily briefing in Beijing when asked if China would recognize the new government, whose leaders were named on Tuesday. […]

September 8, 2021 By Lizbeth Diaz and Laura Gottesdiener MEXICO CITY (Reuters) -Mexico’s Supreme Court unanimously ruled on Tuesday that penalizing abortion is unconstitutional, a major victory for advocates of women’s health and human rights, just as parts of the United States enact tougher laws against the practice. The decision in the world’s second-biggest Roman […]

September 8, 2021 (Corrects to add dropped surname in editing credits) By Alun John HONG KONG (Reuters) -Asian shares snapped eight successive sessions of gains on Wednesday, as fresh worries about slowing global growth prompted investors to reduce their exposure to riskier assets in a boost to safe-havens such as the U.S. dollar. In early […]

September 8, 2021 Marcus Semien continued his home run binge with a solo shot, Alejandro Kirk homered twice and the visiting Toronto Blue Jays extended their winning streak to six games Tuesday with a 5-1 victory over the New York Yankees, who lost ace Gerrit Cole to a hamstring injury. The Blue Jays won for […]

September 8, 2021 DUBAI (Reuters) – Abu Dhabi on Wednesday gave an initial price guidance of about 90 basis points (bps) over U.S. Treasuries (UST) for 10-year bonds and around 130 bps over UST for 30-year bonds, a bank document showed, in its second bond sale of the year. BNP Paribas, First Abu Dhabi Bank, […]

September 8, 2021 By Aditi Shah and Aftab Ahmed NEW DELHI (Reuters) – India will give about $3.5 billion in incentives to auto companies over a five-year period under a revised scheme to boost the manufacturing and export of clean technology vehicles, two sources aware of the latest proposal told Reuters. The government’s original plan […]

September 8, 2021 By Andrew Galbraith (Reuters) -Fitch Ratings cut the ratings of China Evergrande Group and two of its subsidiaries on Wednesday, the latest in a series of downgrades targeting the property firm due to worries over its ability to restructure its huge debts. Regulators have warned that Evergrande’s 1.97 trillion yuan ($304.79 billion) […]

September 8, 2021 (Reuters) – European stocks fell on Wednesday as worries about slowing global growth weighed on sentiment, while investors looked ahead to a European Central Bank meeting for hints on tapering plans. The Europe-focussed STOXX 600 index fell 1% by 0712 GMT – on course for its biggest daily decline in three weeks […]

September 8, 2021 LONDON (Reuters) -British bikes and car parts retailer Halfords said on Wednesday disruption in the global supply chain was dragging on its cycling business, although it stuck to its targets and guided that it was well-positioned to manage the challenge. Halfords, Britain’s largest cycling retailer, said it expected the cycling supply chain […]

September 8, 2021 FRANKFURT (Reuters) – Euro zone banks are set to face a further deterioration of their loan book and many lenders have failed to adjust their credit control norms to acknowledge the unique nature of the pandemic, European Central Bank supervisory chief Andrea Enria said. “There are signs that the asset quality deterioration […]

September 8, 2021 (Reuters) – ByteDance, the Chinese owner of short-video platform TikTok, is in talks with banks to borrow up to $5 billion to refinance debt and pay for overseas expansion, The Information reported https://ift.tt/3yN4aje on Wednesday, citing people with knowledge of the matter. The company and the banks have discussed raising between $4 […]

September 8, 2021 A look at the day ahead from Dhara Ranasinghe. As governments get back to business with debt issuance after the summer break, there’s something notable about this week’s debt sales in Europe — it’s green. Germany on Wednesday will sell 10-year green bonds, a day after Spain’s debut green bond garnered an […]

September 8, 2021 TOKYO (Reuters) – Bitcoin licked its wounds on Wednesday, a day after its heaviest losses in 2-1/2 months as El Salvador’s historic adoption of the crypto asset as legal tender caused chaos online and on the street. The coin last traded at $46,560, having endured wild trade the day before in which […]

September 8, 2021 By Kevin Buckland TOKYO (Reuters) – The dollar rose to a one-week peak against major peers on Wednesday, buoyed by higher Treasury yields and a weaker euro ahead of a European Central Bank policy decision. The dollar index, which measures the currency against six rivals, ticked up 0.05% to 92.580, after earlier […]