News

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 […]

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 […]