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

Exclusive: Major Traders, Banks Cut Ties With Russian-Backed Indian Refinery

The logo of the Russian oil company Rosneft is pictured at the Rosneft Vietnam office in Ho Chi Minh City, Vietnam, April 26, 2018. REUTERS/Maxim Shemetov/File Photo Register now for FREE unlimited access to Register NEW DELHI, Aug. 24 (Reuters) – Many global oil traders and banks have stopped dealing with Indian refinery Nayara … Read more

Factbox: Major banks expect more than $1 billion in fines for WhatsApp use

Aug 22 (Reuters) – Banking giants such as JPMorgan Chase & Co (JPM.N) and Bank of America (BAC.N) collectively face more than $1 billion in regulatory fines for employees’ use of unapproved messaging tools, including email and apps like WhatsApp. The U.S. Securities and Exchange Commission (SEC) began investigating banks’ accounting practices regarding the use … Read more

Deutsche Telekom sells tower activities to N. American consortium – Handelsblatt

Brochures bearing the Deutsche Telekom AG logo are pictured in the shop at the German telecommunications giant’s headquarters in Bonn, Germany, Feb. 19, 2019. REUTERS/Wolfgang Rattay/ Register now for FREE unlimited access to Register BERLIN, July 13 (Reuters) – Deutsche Telekom (DTEGn.DE) will sell 51% of its tower business to a consortium of Canadian … Read more

Crypto Gaming Firm Animoca Brands Reaches $5.5 Billion Valuation After $75 Million Fundraiser

LONDON, July 12 (Reuters) – Blockchain game developer Animoca Brands has raised $75.3 million in a fundraiser that now values ​​the company at A$8.2 billion ($5.5 billion), even as the market teeters from a collapse of cryptocurrency prices. Animoca Brands – an Australian company based in Hong Kong – said the increase was the second … Read more