StanChart sells India personal loan business to Kotak Mahindra Bank

(Reuters) -Kotak Mahindra Bank will buy Standard Chartered Bank’s personal loan business in India, the Indian lender said on Friday, leaving the U.K.-based company to focus on its wealth and investment banking business in Asia’s third-largest economy. StanChart’s personal loan book had an outstanding of 41 billion rupees ($488 million) as of Sept. 30, Kotak …

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Indonesia to export EV battery material to US next month, minister says

JAKARTA (Reuters) – Indonesia plans to export nickel-based material used to make electric vehicle batteries to the United States next month, its energy minister said on Friday. Bahlil Lahadalia said Indonesia would provide the material, known as EV battery precursor, to U.S. electric carmaker Tesla, but did not give details on the volume involved. “We …

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South African click-and-collect firm Pargo considers continent-wide expansion

By Nqobile Dludla JOHANNESBURG (Reuters) -South African click-and-collect company Pargo is exploring an expansion into the rest of Africa, its CEO said in an interview, betting on e-commerce growth on the continent. Africa is forecast to surpass half a billion e-commerce users by 2025, having shown a steady 17% compound annual growth rate of online …

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Thai election commission begins probe into ruling Phue Thai party, media report

BANGKOK (Reuters) – Thailand’s Election Commission will launch an investigation into the ruling Pheu Thai party that could lead to its dissolution, multiple local media outlets reported on Friday. The Election Commission has set up a committee to look into complaints against the party that alleged it allowed former Prime Minister Thaksin Shinawatra to influence …

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US charges ex-Indian intelligence official in foiled Sikh separatist murder plot

By Kanishka Singh WASHINGTON (Reuters) -The United States has charged a former Indian intelligence officer for allegedly directing a foiled plot to murder a Sikh separatist and Indian critic in New York City, with the FBI warning against such a retaliation aimed at a U.S. resident. An indictment of Vikash Yadav was ordered to be …

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Case for quick ECB rate cuts mounts as growth weakens and inflation is tamed

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -Euro zone inflation could ease more quickly than previously thought and economic growth is also likely to remain weak, ECB policymakers and fresh surveys said on Friday, reinforcing the case for a rapid pace of interest rate cuts in the months ahead. The ECB lowered interest rates …

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Cricket-ECB bars transgender women from competing at elite level

(Reuters) – The England and Wales Cricket Board (ECB) will bar transgender women from the top two tiers of women’s cricket in England as well as the women’s Hundred under its new transgender participation policy. Last year, the International Cricket Council (ICC) approved new gender eligibility regulations whereby any male or female participant who has …

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