By David Milliken LONDON (Reuters) – Rachel Reeves will stress a commitment to stability in her first trip as Britain’s finance minister to the International Monetary Fund’s annual meetings in Washington next week, two years after the country was at the centre of a bond market storm. Reeves does not risk the same fate as …
Britain’s Reeves to stress stability on first IMF trip as finance minister Read More »
COPENHAGEN (Reuters) -Intrum, Europe’s biggest debt collector, said on Friday it will file for voluntary Chapter 11 bankruptcy protection in the United States as it seeks to restructure its own finances. The company has struggled as the pandemic, an energy crisis and two-decade-high interest rates failed to unleash a wave of loan defaults, with concerns …
Intrum seeks US bankruptcy protection to restructure $4.7 billion net debt Read More »
By Shivangi Acharya NEW DELHI (Reuters) – India is expected to limit imports of laptops, tablets and personal computers after January, two government sources with direct knowledge of the matter said, a move to push companies such as Apple to increase domestic manufacturing. This plan, if implemented, could disrupt an industry worth $8 billion to …
India plans laptop import curbs to boost local manufacturing, sources say Read More »
(Reuters) – Energy trader Vitol on Friday said that it has entered into a long-term swap arrangement with China Gas. As part of the agreement, Vitol will purchase half a million metric tons of LNG from China Gas’ contracted U.S. volume on FOB (free on board) basis and sell half a million metric tons of …
Vitol enters into long-term swap arrangement with China Gas Read More »
By Kirstin Ridley and Carolyn Cohn LONDON (Reuters) -Senior British bankers will be able to cash in bonuses up to three years sooner under proposals unveiled by the Bank of England on Thursday, as it pushes ahead with reforming tough credit crisis-era rules to boost competition. One year after British regulators scrapped a decade-long cap …
UK proposes easing banker bonus rules to boost competitive edge Read More »
OTTAWA (Reuters) – Canada plans to give Ukraine a C$64.8 million ($47 million) military aid package that will include small arms, ammunition, and protective gear, Defense Minister Bill Blair said in a statement on Friday. The aid package, which also allocates money for training Ukrainian troops, is part of a C$500 million military funding committed …
Canada to give C$65 million in military aid to Ukraine Read More »
By Alexander Tanas CHISINAU (Reuters) – Moldova’s pro-Western president, Maia Sandu, is seeking a second term in a presidential election on Oct. 20, when the country will also hold a referendum on joining the European Union. Here’s a look at what’s at stake. WHAT ARE THE ISSUES IN MOLDOVA? Moldova is a small southeast European …
Factbox-What’s at stake in Moldova’s election and referendum on Oct 20? Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee hit its all-time low on Friday pressured by equity outflows but managed to avert a sharp fall on account of sustained dollar sales from state-run banks, most likely on behalf of the Reserve Bank of India. The rupee closed at 84.0650 against the U.S. dollar, barely …
Rupee slips to record low, cenbank intervention thwarts sharp fall Read More »
By Eliana Raszewski BUENOS AIRES (Reuters) -Pop star Liam Payne, who shot to global fame with boy band One Direction, died at the age of 31 after falling from a third-floor hotel room balcony in Buenos Aires, Argentina, triggering an outpouring of tributes from fans around the world. Before the fall, a hotel employee at …
Before Liam Payne died, a 911 call warning about his safety Read More »
A look at the day ahead in U.S. and global markets by Harry Robertson From U.S. small-cap stocks to bitcoin to the dollar, some investors are seeking out assets that can prosper under a second Donald Trump presidency. The former president has taken the lead over Vice President Kamala Harris in betting markets, although Harris …
Morning Bid: Trump trades shine, China data darkens Read More »
