News

September 8, 2021 By Valentina Za and Giuseppe Fonte MILAN (Reuters) -UniCredit and Italy’s Treasury are set to extend discussions over the sale of state-owned bank Monte dei Paschi di Siena beyond an exclusivity deadline on Wednesday, two people close to the matter said. Italy’s second-largest bank agreed at the end of July to start […]

September 8, 2021 BEIJING (Reuters) -China will maintain prudent monetary policy and not resort to flood-like stimulus, said Pan Gongsheng, vice governor of the People’s Bank of China (PBOC). Signs that China’s economy is losing steam and small firms are struggling have stoked market expectations of policy support sooner rather than later. The PBOC last […]

September 8, 2021 LONDON (Reuters) – British supermarket group Morrisons said on Wednesday it was in talks with its two U.S. private equity suitors and the Takeover Panel, which governs deals in the UK, regarding an auction procedure to settle its future ownership. Last month Morrisons agreed a 7 billion pound ($9.6 billion)offer from Clayton, […]

September 8, 2021 By Uriel Sanchez ACAPULCO, Mexico (Reuters) – A powerful earthquake struck southwestern Mexico near the beach resort of Acapulco on Tuesday, killing at least one man who was crushed by a falling post, and causing rock falls and damaging buildings, authorities said. The quake of magnitude 7.0, which hit 11 miles (17.7 […]

September 8, 2021 (Reuters) – Southeast Asian and Western countries have urged all sides in Myanmar to refrain from violence and allow in humanitarian aid, after a shadow government, formed by opponents of military rule, declared a nationwide uprising against the junta. The National Unity Government (NUG) said on Tuesday it was launching a “people’s […]

September 8, 2021 HONG KONG (Reuters) – The U.S. Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc if the crypto exchange goes ahead with plans to launch a programme allowing users to earn interest by lending crypto assets, Coinbase said on Wednesday. The SEC has issued Coinbase with a Wells notice, […]

September 8, 2021 By Sayantani Ghosh and Anirudh Saligrama (Reuters) – U.S. payments giant PayPal Holdings Inc said it would acquire Japanese buy now, pay later (BNPL) firm Paidy in a $2.7 billion largely cash deal, taking another step to claim the top spot in an industry experiencing a pandemic-led boom. The deal tracks rival […]

September 8, 2021 By Aaron Sheldrick TOKYO(Reuters) – As the world rushes to cut carbon emissions, hydrogen fuel cells may offer global telecoms an environmentally friendly solution to power energy-hungry remote networks, experts say. Telecoms run vast arrays of relay stations, data centres and other infrastructure that need reliable, constant power. Hydrogen fuel cells, invented […]

September 8, 2021 By Lisa Richwine LOS ANGELES (Reuters) -Jamie Spears, the father of Britney Spears, on Tuesday asked a Los Angeles court to end the pop singer’s 13-year conservatorship, saying circumstances have changed in recent months. In an unexpected development, Jamie Spears, who in 2008 set up the court-sanctioned arrangement that governs the singer’s […]

September 8, 2021 By Sonali Paul and Florence Tan MELBOURNE/SINGAPORE (Reuters) -Oil prices were little changed on Wednesday following overnight losses from a stronger dollar and demand concerns, with a slow production restart in the U.S. Gulf of Mexico providing some support. U.S. West Texas Intermediate (WTI) crude futures rose 11 cents, or 0.2%, to […]

September 8, 2021 By Saqib Iqbal Ahmed NEW YORK (Reuters) – Options traders are expecting comparatively subdued moves in GameStop Inc shares around its earnings report, as the company that helped spark the so-called meme stock phenomenon prepares to report quarterly results on Wednesday. Traders are pricing a 14% swing for GameStop’s shares by Friday, […]

September 8, 2021 PARIS (Reuters) – French drugmaker Sanofi SA has agreed to buy U.S. biopharmaceutical company Kadmon Holdings Inc in a $1.9 billion deal, the companies said on Wednesday. Sanofi said it has offered $9.50 per share in cash for Kadmon, representing a total equity value of approximately $1.9 billion on a fully diluted […]

September 8, 2021 MELBOURNE (Reuters) – BHP Group will team up with billionaire-backed AI exploration firm KoBold Metals to look for battery minerals like copper and nickel in Australia and other global locations, the companies said on Wednesday. The world’s largest miner is building out its portfolio in what it calls “future facing commodities”, expecting […]

September 8, 2021 By Makiko Yamazaki TOKYO (Reuters) – Toshiba Corp said on Wednesday detailed talks on potential take-private deals would make sense only after all strategic options are carefully reviewed, spurning calls from some shareholders to start soliciting buyout bids. The statement comes as the Japanese industrial conglomerate has been in talks https://ift.tt/3l5dnyl with […]

September 8, 2021 By Tetsushi Kajimoto and Daniel Leussink TOKYO (Reuters) -Japan should strive for a new form of capitalism to reduce income disparity that has worsened under the coronavirus pandemic, says former foreign minister Fumio Kishida who hopes to become leader of the ruling party and next prime minister. Kishida is the only Liberal […]

September 8, 2021 TOKYO (Reuters) – Japanese Prime Minister Yoshihide Suga, his support ratings in tatters ahead of a general election, said last week he would step down https://ift.tt/3l7MsST, meaning the ruling Liberal Democratic Party (LDP) will choose a new leader on Sept. 29, who will become prime minister. Here are details about some people […]

Hundreds of thousands of teenagers and young adults get on flights each year from India to a foreign land to pursue higher education. Upon landing, they face myriad challenges. One big one: They don’t have a local credit history, so they can’t avail a range of financial services, including a loan or a credit card […]

Even as there are hundreds of millions of Indians who have bank accounts, only about 30 million of them have credit cards. The adoption rate of the plastic card has largely remained stagnant in the South Asian nation for the last few years. The relatively young credit-rating system in India covers only a tiny fraction […]

September 8, 2021 BEIJING (Reuters) – China’s macro leverage ratio, which measures the economy’s overall indebtedness, stood at 274.9% at end-June, down 4.5 percentage points from the end of last year, China Finance said on Wednesday. The drop was due to the receding impact of the COVID-19 epidemic on the Chinese economy and a decline […]

September 8, 2021 SHANGHAI (Reuters) -BlackRock’s China mutual fund subsidiary set up its first fund in the country after raising 6.68 billion yuan ($1.03 billion) during a shortened subscription period, signalling warm reception by investors. Wednesday’s disclosure came a day after billionaire investor George Soros said it was a mistake for BlackRock to invest in […]