News

September 21, 2021 By David Randall, Maiya Keidan and Svea Herbst-Bayliss NEW YORK (Reuters) -Investors unnerved by the fallout from heavily indebted Chinese real estate company Evergrande were gauging the potential for a wider shakeout after a selloff hit stocks around the world. For now, many U.S.-based investors believe there is little chance that the […]

September 21, 2021 LONDON (Reuters) – A record share of British manufacturers reported rising new orders this month but global supply chain problems and labour shortages held back growth in output, a survey showed on Tuesday. The Confederation of British Industry’s monthly manufacturing order book balance rose to +22 in September from +18 in August, […]

September 21, 2021 By Hyunjoo Jin, Mike Spector and David Shepardson (Reuters) – Robin Geoulla had doubts about the automated driving technology equipped on his Tesla Model S when he bought the electric car in 2017. “It was a little scary to, you know, rely on it and to just, you know, sit back and […]

September 21, 2021 By Trevor Hunnicutt and Steve Holland NEW YORK (Reuters) – President Joe Biden plans to defend his hasty troop withdrawal from Afghanistan on Tuesday in a speech to the United Nations, arguing it was needed to pivot U.S. policy to focus on a global challenge from China and climate change. Biden will […]

September 21, 2021 ZURICH (Reuters) – The Swiss National Bank is set to look past a mild near-term rise in inflation at home as well as a slightly weaker franc and stick firmly to its ultra-expansive monetary policy on Thursday, according to a Reuters poll of economists. All 36 economists in the Sept 14-20 poll […]

September 21, 2021 AMSTERDAM (Reuters) – Universal Music Group’s shares leapt more than a third in their stock market debut on Tuesday as investors bet a boom in music streaming still has a long way to run. Here are facts about Universal and its flotation: FROM THE BEATLES TO BILLIE EILISH By revenue, Universal Music […]

September 21, 2021 HONG KONG (Reuters) – Worries about the fate of beleaguered developer China Evergrande Group have rattled markets around the world, and investors are looking for possible intervention by Beijing to stem any domino effects across the global economy.[L1N2QN02R] Here are some highlights of what analysts have been saying about the cash-strapped company […]

September 21, 2021 By Elizabeth Howcroft LONDON (Reuters) – Blockchain-based fantasy soccer game Sorare has raised $680 million in a funding round led by SoftBank, with players including ex-England international Rio Ferdinand and Spain’s Gerard Pique also investing, the company said on Tuesday. Paris-based Sorare said the investment valued the company at $4.3 billion. Founded […]

September 21, 2021 PARIS (Reuters) – Chinese authorities have the capacity to keep the debt crisis at property developer Evergrande in check and the broader fallout should be limited, OECD chief economist Laurence Boone said on Tuesday. “We think that the Chinese authorities do have the fiscal and monetary capacity to buffer the shock,” Boone […]

September 21, 2021 LONDON (Reuters) – Regulators have little understanding of risks from banks setting up digital marketplaces and need a framework for spotting potential contagion if things go wrong, the European Union’s banking watchdog said on Tuesday. So-called platformisation refers to banks creating a digital marketplace for their products and services, and non-banking services, […]

Small and medium businesses regularly face cashflow problems. But if that’s an already-inconvenient predicament, it has been exacerbated to the breaking point for too many during the Covid-19 pandemic. Now, a UK startup called MarketFinance — which has built a loans platform to help SMBs stay afloat through those leaner times — is announcing a […]

September 21, 2021 JOHANNESBURG (Reuters) – South Africa’s Mediclinic has refinanced 8.45 billion rand ($575.26 million) in loans through Rand Merchant Bank, the hospital operator said on Tuesday, in what the bank described as Africa’s first sustainability-linked banking facility. Investors and environmentalists have been critical of South African banks for not doing enough to meet […]

September 21, 2021 BANGKOK (Reuters) – Thailand’s cabinet approved on Tuesday a further 27 billion baht ($807.17 million) in relief measures and extended a scheme to boost domestic travel to the end of February, as the government deals with the country’s biggest coronavirus outbreak to date. The relief support, such as a subsidy on utilities, […]

September 21, 2021 FRANKFURT (Reuters) – European Central Bank policymakers still see the recent inflation surge as temporary but a growing number appear to be acknowledging the risk that price growth may exceed their relatively benign projections. Inflation hit 3% last month, well above the ECB’s 2% target and could even climb to 3.5% by […]

September 21, 2021 AMSTERDAM (Reuters) – Universal Music Group’s shares leapt more than a third in their stock market debut on Tuesday as investors bet a boom in music streaming still has a long way to run. Here are facts about Universal and its flotation: FROM THE BEATLES TO BILLIE EILISH By revenue, Universal Music […]

September 21, 2021 KHARTOUM (Reuters) -Sudanese authorities have foiled an attempted coup, the army said on Tuesday, warding off a challenge to a civilian-military council that has run the country since Omar al-Bashir was overthrown in 2019. A civilian member of the ruling council told Reuters the situation was under control after the attempted coup […]

September 21, 2021 (Reuters) – Afghanistan’s Taliban rulers said on Tuesday there was no evidence of Islamic State or al Qaeda militants being in the country, days after Islamic State claimed responsibility for bomb attacks in the eastern city of Jalalabad. Since toppling the Western-backed government in Kabul last month, the Taliban have faced pressure […]

September 21, 2021 (Reuters) – Europe may be viewed as the underdogs in the forthcoming Ryder Cup compared to their American opponents, but Tommy Fleetwood said his team will head into the biennial competition starting on Friday full of confidence. Europe have an average world ranking of 30 compared to nine for the United States, […]

September 21, 2021 By Simon Johnson STOCKHOLM (Reuters) – Sweden’s central bank kept policy unchanged on Tuesday and said it expected its key interest rate to remain at zero in the coming few years, despite a recent up-tick in inflation. Sweden’s economy is back to its pre-pandemic size and with public restrictions coming to an […]

September 21, 2021 By Leigh Thomas PARIS (Reuters) – A rapid rebound in global growth is on track but it is too early for governments and central banks to withdraw exceptional support for their economies despite a spike in inflation, the OECD said on Tuesday in an update of its economic outlook. After slumping 3.4% […]