News

September 8, 2021 LONDON (Reuters) – The British Open will return to Royal Portrush in Northern Ireland in 2025 following the successful return of the championship to the course in 2019, the R&A said on Wednesday. Irishman Shane Lowry capped a memorable return to Northern Ireland for the Open for the first time since 1951 […]

September 8, 2021 By Leika Kihara TOKYO (Reuters) – The validity of mainstream economics and monetary policy prescriptions are now being questioned, as many central banks face zero interest rates after struggling to prop up their economies, former Bank of Japan Governor Masaaki Shirakawa said. During his term as BOJ head until 2013, Shirakawa was […]

September 8, 2021 SHANGHAI (Reuters) -China’s crackdown on “fan culture” is aimed at maintaining public order and will not affect its relations with any country, the Chinese embassy in South Korea said on Wednesday. The government has launched a multi-pronged crackdown on a broad range of sectors including the entertainment industry and what authorities describe […]

September 8, 2021 MOSCOW (Reuters) -Russian Emergencies Minister Yevgeny Zinichev died during a training exercise in the Arctic on Wednesday, RIA news agency cited the ministry as saying. The 55-year-old Zinichev, who had headed the high-profile emergencies ministry since 2018, died while saving someone’s life, RIA said, without providing further details. “…Zinichev died tragically while […]

Over 70% of Egypt’s young and fast-growing population of over 100 million is financially underserved despite mobile penetration exceeding 90%. Traditional banks often overlook this segment because of their spending power or financial status and fintechs have seized the opportunity to cater to their needs. One of such fintechs is MNT-Halan and today, the company […]

September 8, 2021 By Tetsushi Kajimoto and Kantaro Komiya TOKYO (Reuters) -Japan’s economy grew faster than the initially estimated in the April-June quarter, helped by solid capital expenditure, although a resurgence in COVID-19 is undermining service-sector consumption and clouding the outlook. Revised gross domestic product (GDP) data by the Cabinet Office released on Wednesday showed […]

September 8, 2021 By David Shepardson and Tom Hals WASHINGTON (Reuters) -A Delaware judge ruled on Tuesday that Boeing’s board of directors must face a lawsuit from shareholders over two fatal 737 MAX crashes that killed 346 people in less than six months. Vice Chancellor Morgan Zurn ruled Boeing stockholders may pursue some claims against […]

September 8, 2021 LONDON (Reuters) – British police said they had lifted a cordon set up briefly on Wednesday near Prime Minister Boris Johnson’s Downing Street office after officers saw an undisclosed item discarded nearby. “The item has been assessed and is not suspicious,” police said on Twitter. (Reporting by Michael Holden, editing by William […]

September 8, 2021 By David Ljunggren VANCOUVER (Reuters) – A month ago the prospect of Canada’s charismatic Liberal prime minister, Justin Trudeau, losing power to a little-known ex-air force navigator would have been faintly ridiculous.     When Trudeau called the Sept. 20 election, he had a hefty lead in opinion polls. But with less than […]

September 8, 2021 By Karen Lema and Neil Jerome Morales MANILA (Reuters) – Philippine President Rodrigo Duterte on Wednesday accepted his party’s nomination to run for vice president in next year’s election, pushing ahead with a plan criticised by rivals as an attempt to maintain his grip on power. Duterte, 76, is barred by the […]

September 8, 2021 By Nelson Renteria and Anthony Esposito SAN SALVADOR (Reuters) -El Salvador’s historic adoption of bitcoin as legal tender on Tuesday was beset by teething problems, as an angry protest https://ift.tt/38KAUiy by mistrustful citizens, technological glitches and a dip in the cryptocurrency clouded the rollout. The bold experiment got off to a bumpy […]

September 8, 2021 By Carolyn Cohn and Alun John LONDON/HONG KONG (Reuters) – World stocks fell from the previous session’s record highs and European stocks dropped on Wednesday on caution over the pace of economic recovery, while the dollar hit one-week highs as investors reduced exposure to riskier assets. Accommodative central bank policies and optimism […]

September 8, 2021 SHANGHAI (Reuters) – Property developer China Evergrande Group plans to suspend interest payments due on loans to two banks on Sept. 21, financial intelligence provider REDD reported on Wednesday, citing four sources briefed by bankers. Evergrande has delayed payments to several trust firms, REDD reported, adding that the company may suspend all […]

September 8, 2021 By Abdi Sheikh MOGADISHU (Reuters) -Somalia’s two most powerful leaders were locked in a deepening standoff on Wednesday after they named different men to head the politically unstable Horn of Africa nation’s intelligence service. The open row between President Mohamed Abdullahi Mohamed and Prime Minister Mohammed Hussein Roble, nominally over a murder […]

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 lawmaker Sanae Takaichi on Monday officially announced she would run in the ruling Liberal Democratic Party (LDP) leadership race to succeed Prime Minister Yoshihide Suga, who last week announced he would step down. Takaichi, a conservative who aims to be the country’s first female leader, will go up […]

September 8, 2021 By Saliou Samb CONAKRY (Reuters) – Guinea’s military leaders have freed scores of political prisoners before a meeting of West African leaders to discuss their response to Sunday’s coup that ousted President Alpha Conde. At least 80 political prisoners detained by Conde were released on Tuesday evening. Some had campaigned against his […]

September 8, 2021 By Bozorgmehr Sharafedin LONDON (Reuters) – Oil prices rose on Wednesday, supported by a slow production restart in the U.S. Gulf of Mexico and resumption of refining activities, although the gains were capped by a stronger dollar and concerns about the impact of rising coronavirus infections. Brent was up 27 cents, or […]

September 8, 2021 BEIJING (Reuters) – Expectations for near-term easing cooled and the yuan strengthened Wednesday after comments by central bank officials the day before that China will maintain prudent monetary policy and that there is no shortfall in base money. China will not resort to flood-like stimulus, Pan Gongsheng, vice governor at the People’s […]

PayPal Holdings, the U.S. fintech company, announced an acquisition of Paidy, a Japanese buy now, pay later (BNPL) service platform, for approximately $2.7billion (300 billion yen), mostly in cash, to enhance its business in Japan. The transaction completion including the regulatory approval is expected in the fourth quarter of 2021. After the acquisition, the Japan-based […]