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September 29, 2021 SINGAPORE (Reuters) – HSBC Holdings and Singapore state investor Temasek are teaming up to set up a debt financing platform for sustainable infrastructure projects, with an initial focus on Southeast Asia. The two companies said in a joint statement on Thursday they would invest a combined amount of up to $150 million […]

September 29, 2021 WASHINGTON (Reuters) – The U.S. Federal Aviation Administration (FAA) on Wedneday said it closed its mishap investigation into the July 11 Virgin Galactic Unity 22 launch, which deviated from assigned airspace on descent. The FAA said it has required Virgin Galactic to implement changes on how it communicates to the FAA during […]

September 29, 2021 CARACAS (Reuters) – Around three-fourths of Venezuelans now live in extreme poverty as the once-prosperous OPEC nation’s hyperinflationary economic collapse continued for a seventh straight year, according to a study published on Wednesday. The 2020-2021 National Survey of Living Conditions (ENCOVI), conducted by researchers at Andres Bello Catholic University (UCAB), found that […]

September 29, 2021 QUITO (Reuters) – The director of Ecuador’s penitentiary system said on Wednesday that the death toll from a prison riot had risen to at least 30 and that authorities were still working to recover 10 bodies. The South American nation on Tuesday night reported clashes at the Penitenciaria del Litoral in Guayas […]

September 29, 2021 BRUSSELS (Reuters) – The European Union, Britain and Italy have urged Russia to commit to reach net zero carbon dioxide emissions by 2050 and step up its plans to tackle climate change ahead of the COP26 summit. Russia, one of the biggest polluters that has not set a “net zero” emissions target, […]

September 29, 2021 By Amy Tennery (Reuters) -NBA players who are not vaccinated against COVID-19 will have to comply with a long list of restrictions to take part in the upcoming season, according to a memo obtained by Reuters. The National Basketball Association’s tentative protocols released to teams on Tuesday showed vaccinated players will only […]

September 29, 2021 FRANKFURT (Reuters) – The chief executive of Volkswagen’s truck unit Traton, Matthias Gruendler, will leave the business and will be replaced by the head of Traton subsidiary Scania, Christian Levin, who will lead both businesses. In a statement late on Wednesday, Traton also said that Traton’s chief finance officer Christian Schulz will […]

Ram Iyer Contributor Ram is a financial and tech reporter and editor. He covered North American and European M&A, equity, regulatory news and debt markets at Reuters and Acuris Global, and has also written about travel, tourism, entertainment and books. More posts by this contributor The Expensify EC-1 “Know your customer” is one of the […]

Quick Take A statue commemorating Gen. Robert E. Lee was taken down in Richmond, Virginia, on Sept. 8. Days after the statue was removed, Facebook posts about Lee misleadingly claimed he freed his slaves, and a quote from Lee referring to slavery as a “moral evil” is taken out of context, misrepresenting his attitude toward […]

Another day, another direct listing. The once-exotic method of going public is increasingly popular with venture-backed companies as they look to list without running head-first into the IPO pricing issues that have bedeviled a number of high-profile public offerings in the last year. Precisely who is underpricing whom in those situations is a fun, if […]

September 29, 2021 (Reuters) – Pharmacy chain Walgreens Boots Alliance Inc is considering an acquisition of healthcare IT firm Evolent Health Inc, Bloomberg News reported on Wednesday, citing people familiar with the matter. Shares of Arlington, Virginia-based Evolent rose as much as 18% after the report, before paring some gains to trade up nearly 9%. […]

September 29, 2021 MEXICO CITY (Reuters) – Mexico’s government sent 70 Haitian migrants back to Haiti on Wednesday in what it described as a “voluntary return” flight, days after the United States cleared thousands of Haitian migrants from a camp at the Mexican border in Del Rio, Texas. Mexico’s interior and foreign ministries said in […]

September 29, 2021 (Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Wednesday said she feels the U.S. central bank will be able to begin reducing the pace of its monthly asset purchases by year end, but believes an interest rate hike is still a “long way” away. “By the end of the […]

September 29, 2021 By Susan Cornwell WASHINGTON (Reuters) – As partisan standoffs in the U.S. Congress risk a government shutdown and debt default, lawmakers take a timeout on Wednesday for one of Washington’s few remaining bipartisan traditions: their annual baseball game. The 2021 contest between the Democrats and Republicans, an event that typically raises over […]

September 29, 2021 BERLIN (Reuters) -Tickets for the Beijing 2022 winter Olympics will be sold to spectators from mainland China only, while unvaccinated athletes must spend 21 days in quarantine ahead of the Games, the International Olympic Committee said on Wednesday. Organisers of the Beijing Games have informed the IOC’s Executive Board 2022 of the […]

September 29, 2021 (Reuters) – World number one Novak Djokovic has withdrawn from next month’s Indian Wells tournament, organisers said on Wednesday. “I am sorry I won’t get to see my fans in Indian Wells and play in the desert, my favourite place to go. I hope to see you next year!,” Djokovic said in […]

September 29, 2021 (Reuters) – The Olympic champion Canadian women’s soccer team will kick off a “Celebration Tour” next month with two home games against 2023 Women’s World Cup co-host New Zealand, Canada Soccer said on Wednesday. The matches, which will be held during the FIFA international window and mark the start of Canada’s journey […]

September 29, 2021 LONDON (Reuters) – Finance ministers from the Group of Seven made some progress on Wednesday at reaching a joint position on a landmark global corporate tax deal, days before it needs to win over a wider international audience, Britain’s finance ministry said. Britain – which chairs the G7 this year – brokered […]

September 29, 2021 By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – Supply constraints thwarting global economic growth could still get worse, keeping inflation elevated longer, even if the current spike in prices is still likely to remain temporary, the world’s top central bankers warned on Wednesday. The disruptions to the global economy during the […]

September 29, 2021 By Matt Scuffham NEW YORK (Reuters) -Investors sought to stanch the bleeding on Wednesday after world stock markets suffered their worst rout since January and U.S. and European borrowing costs raced to their highest in months. Stock indices in the United States and Europe staged a partial recovery after a heavy sell-off […]