News

September 8, 2021 BEIJING (Reuters) – China’s banking and insurance regulator said on Wednesday it planned to improve oversight over wealth management products (WMPs) on their liquidity conditions in an effort to prevent contagion risks in the financial markets. The China Banking and Insurance Regulatory Commission (CBIRC) is seeking public advice on the draft rules […]

September 8, 2021 HONG KONG (Reuters) -Hong Kong police on Wednesday arrested four members of a pro-democracy group that organises the annual June 4 rally to commemorate those who died in the bloody 1989 Tiananmen Square crackdown, in the latest blow to the opposition movement. Activist and barrister Chow Hang Tung of the Hong Kong […]

September 8, 2021 By Yuddy Cahya Budiman and Stanley Widianto TANGERANG, Indonesia (Reuters) -A fire killed 41 inmates in an overcrowded prison block in Indonesia’s Banten province, a government minister said on Wednesday, injuring scores more in a blaze that police said may have been caused by an electrical fault. The fire, the country’s most […]

September 8, 2021 By Uriel Sanchez ACAPULCO, Mexico (Reuters) – A powerful earthquake struck Mexico’s Acapulco late on Tuesday, killing at least one man and damaging buildings including the control tower at the beach resort’s international airport. The 7.0 magnitude quake, which hit 11 miles (17.7 km) northeast of Acapulco in southwestern Guerrero state, downed […]

September 8, 2021 AMSTERDAM (Reuters) – Memphis Depay was critical of his own performance in the Netherlands’ victory over Turkey in Amsterdam on Tuesday despite the forward claiming a hat-trick in their 6-1 World Cup qualifying win. The 27-year-old’s first international hat-trick took him alongside Johan Cruyff on 33 goals but the Barcelona striker was […]

September 8, 2021 By Ritvik Carvalho LONDON (Reuters) – The dollar rose to a one-week peak against peers on Wednesday, buoyed by higher Treasury yields and a weaker euro a day ahead of a European Central Bank policy decision. The dollar index, which measures the currency against six rivals, traded 0.1% higher at 92.628 after […]

September 8, 2021 By Mike Dolan LONDON (Reuters) – We’ve had ‘taper tantrums’ and even ‘dovish tapers’, but the European Central Bank may deliver a taper that’s not really a taper at all. As central banks around the world mull a reduction of their pandemic-related bond buying supports as recoveries widen, the timing and speed […]

September 8, 2021 By Sruthi Shankar (Reuters) – European stocks were on course for their biggest decline in three weeks on Wednesday, a day ahead of a European Central Bank meeting that will see policymakers debate a cut in its stimulus. The Europe-focussed STOXX 600 index fell 1.3%, tracking overnight losses on Wall Street’s benchmark […]

September 8, 2021 SHANGHAI (Reuters) – China’s education ministry said on Wednesday that private tutors will be barred from offering courses online via avenues such as instant messaging services or livestreaming platforms, or in unregistered venues such as residential buildings and hotels. Beijing earlier this year barred for-profit tutoring in any school subject in an […]

September 8, 2021 ROME (Reuters) – Ryanair is willing to wait years if necessary to place a new major order with Boeing as prices are too high, Chief Executive Michael O’Leary told Reuters in an interview in which he also downplayed the chance of a deal with rival Airbus. The Irish airline, one of Boeing’s […]

September 8, 2021 ROME (Reuters) – British airports will struggle to cope with Christmas traffic due to the impact of COVID-19 and Brexit border controls, Ryanair Chief Executive Michael O’Leary told Reuters in an interview on Wednesday. “Certainly (for) Europe’s airports Christmas volumes will be no difficulty. The one exception to that will be the […]

September 8, 2021 MOSCOW (Reuters) – Two people were killed after a gas explosion struck a residential building in the Russian city of Noginsk, around 50 km (30 miles) east of Moscow, on Wednesday, the Interfax news agency cited the investigative committee as saying. “According to preliminary data, five people were injured and two have […]

September 8, 2021 RABAT (Reuters) – Moroccans started voting on Wednesday in a parliamentary election under new rules that were expected to make it much harder for the moderate Islamist PJD to remain as the biggest party. Though election polls are banned, analysts expect the PJD to lose ground to its more pro-establishment rivals, the […]

September 8, 2021 By Josh Smith SEOUL (Reuters) – South Korea’s development of a conventional submarine-launched ballistic missile (SLBM) is a ground-breaking move, analysts said, with implications for North Korea, the U.S. alliance, and even the prospect of nuclear weapons in South Korea. Last week, South Korea conducted ejection tests of the SLBM https://ift.tt/3tmZTBX from […]

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 […]