In China, home buyers occupy their ‘decaying’, unfinished properties

GUILIN, China, Sept. 26 (Reuters) – For six months, the home for Ms Xu was a room in a high-rise apartment in the southern Chinese city of Guilin, which she bought three years ago, attracted by brochures touting the river view and the clean air of the city. Her living conditions, however, are far from … Read more

Britain is betting everything on historic tax cuts and loans, investors scare

Register now for FREE unlimited access to Register Kwarteng lowers top income tax rate for growth Huge increase in UK sovereign debt issuance planned Stamps suffer worst malaise in decades Pound falls to new 37-year low against dollar LONDON, Sept. 23 (Reuters) – Britain’s new Chancellor of the Exchequer, Kwasi Kwarteng, on Friday unleashed … Read more

IDB Directors unanimously recommend firing Claver-Carone after ethical investigation

Visitors walk past a screen displaying the Banco Interamericano de Desarrollo (BID) logo at the Atlapa Convention Center in Panama City March 13, 2013. REUTERS/Carlos Jasso Register now for FREE unlimited access to Register WASHINGTON, Sept. 22 (Reuters) – The board of directors of the Inter-American Development Bank voted unanimously on Thursday to recommend … Read more

Europe burns money to help companies with mounting energy crisis

Register now for FREE unlimited access to Register European gas prices skyrocketed during Ukraine crisis Utilities face liquidity crisis as fuel prices rise Germany will ‘do everything’ to help companies Russian mobilization sends oil up, contributing to price pain BERLIN/LONDON, Sept. 21 (Reuters) – Germany nationalized gas importer Uniper (UN01.DE) on Wednesday and Britain … Read more

Ecuador reaches agreement with China to restructure debt

Ecuador’s President Guillermo Lasso speaks at the leaders’ second plenary session at America’s Ninth Summit in Los Angeles, California, US, June 10, 2022. REUTERS/Lauren Justice/File Photo/File Photo Register now for FREE unlimited access to Register Sept 19 (Reuters) – Ecuador has reached an agreement to restructure its debt to Chinese banks, the government said … Read more

EXCLUSIVE India’s largest lender asks exporters to trade with Bangladesh in rupee, taka

New Delhi, Sept. 19 (Reuters) – Top lender State Bank of India (SBI.NS) has asked exporters to avoid deals with Bangladesh in the dollar and other major currencies as it appears to curb exposure to Dhaka’s declining reserves , according to an internal document and a source. Bangladesh’s $416 billion economy faces rising energy and … Read more

Europe is racing to prepare for an energy crisis this winter

Register now for FREE unlimited access to Register Spain may close energy-intensive industries during peak hours France is preparing to send gas to Germany in October Berlin still working on rescue operation Uniper PARIS/MADRID/BERLIN, Sept. 19 (Reuters) – European governments on Monday outlined new measures to cope with potential energy shortages this winter and … Read more

ECB to hurt if it raises interest rates to next year, says economist

Register now for FREE unlimited access to Register WEXFORD, Ireland, Sept. 17 (Reuters) – The European Central Bank could raise interest rates into next year, causing pain for consumers as it tries to squeeze demand that is now increasingly contributing to skyrocketing inflation , chief economist Philip Lane said on Saturday. With inflation approaching … Read more

Wall St Week Ahead: As Markets Spin, Investors Hide In Cash Despite Rising Inflation

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, USA Dec. 28, 2016. REUTERS/Andrew Kelly Register now for FREE unlimited access to Register NEW YORK, Sept. 16 (Reuters) – A difficult year in the markets is leading some investors to seek refuge in … Read more

Bank robberies snowball in Lebanon as savers demand their own money

Register now for FREE unlimited access to Register Five more savers stop banks from accessing their money Depositors Redeem $60,000, Just Some in Custody Banks announced three-day shutdown due to security concerns Frustration over frozen savings, rising crisis BEIRUT, Sept. 16 (Reuters) – Five Lebanese banks were held up on Friday by depositors seeking … Read more