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English diners rush back to restaurants as lockdown eases

Reuters
FILE PHOTO: People enjoy the evening at an outside restaurant area in Soho, as the coronavirus disease (COVID-19) restrictions ease, in London, Britain April 12, 2021. REUTERS/Henry Nicholls LONDON (Reuters) – British diners rushed back to restaurants on Monday, the first day that they had been open in England for......

Sterling recovers; long positions shrink to nine-week low

Reuters
* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv LONDON, April 12 (Reuters) – The pound rose on Monday, recovering partly after a weekly loss, while CFTC data showed that speculators’ net long positions fell to a nine-week low as market participants split......

Qatar National Bank’s Q1 net profit falls 7% as provisions climb

Reuters
DUBAI, April 11 (Reuters) – Qatar National Bank (QNB) , the biggest lender in the Gulf, said on Sunday its first quarter net profit fell by 7% from a year earlier to 3.3 billion riyals ($906 million) as it booked 1.4 billion riyals in “precautionary” loan loss provisions. The bank’s......

Breakingviews – Path out of global tax combat is slowly emerging

Reuters
WhatsApp and Facebook messenger icons are seen on an iPhone in Manchester , Britain March 27, 2017. LONDON (Reuters Breakingviews) – A long slog to make international corporate tax rules fit for the digital age is nearing a breakthrough. Obstacles remain, but a path that gets around them is slowly......

CORRECTED-Brazilians withdraw record $5 bln from bank savings in first quarter

Reuters
(In first paragraph corrects dollar amount to $629 million not billion) BRASILIA, April 7 (Reuters) – Brazilian savings accounts shrank by 3.5 billion reais ($629 million) in March, figures showed on Wednesday, bringing net withdrawals in the first three months of the year to a quarterly record of 27.5 billion......

Japan’s Mizuho says CEO to hold news briefing at 0900 GMT over system failures

Reuters
FILE PHOTO: Mizuho Financial Group’s Chief Executive Officer Tatsufumi Sakai poses for a photo after an interview with Reuters at the company’s headquarters in Tokyo, Japan August 20, 2018. REUTERS/Toru Hanai TOKYO (Reuters) – Mizuho Financial Group Inc said on Monday Chief Executive Tatsufumi Sakai will hold a news briefing......

Facebook messaging service gets delayed Brazil nod for payments

Reuters
FILE PHOTO: A logo of WhatsApp is pictured on a T-shirt worn by a WhatsApp-Reliance Jio representative during a drive by the two companies to educate users, on the outskirts of Kolkata, India, October 9, 2018. REUTERS/Rupak De Chowdhuri SAO PAULO (Reuters) – Brazil’s central bank on Tuesday cleared the......

Japan’s MUFG flags possible $300 million loss related to U.S. client

Reuters
FILE PHOTO: The signboard of Mitsubishi Corp is pictured at its head office in Tokyo, Japan August 2, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) -The brokerage arm of Japan’s Mitsubishi UFJ Financial Group on Tuesday flagged potential losses of around $300 million at its European subsidiary related to an unnamed U.S.......

EU watchdog proposes stronger money market defences to shocks

Reuters
LONDON, March 26 (Reuters) – The European Union’s securities watchdog proposed reforms to bolster the resilience of money market funds to shocks after stresses emerged in turmoil that followed coronavirus economic lockdowns a year ago. “A number of EU money market funds faced significant liquidity issues during March 2020, a......

Baby boomers next to jump into crypto, Galaxy Digital’s Novogratz predicts

Reuters
By Anna Irrera, Tom Wilson LONDON, March 25 (Reuters) – Wealthy baby boomers will be the next generation to jump into cryptocurrencies as they become more mainstream, potentially bringing billions of dollars to the rallying sector, said Mike Novogratz, founder of crypto firm Galaxy Digital. “It could be as much......

Britain’s Nationwide tells all 13,000 staff: ‘work anywhere’

Reuters
FILE PHOTO: A man walks past a Nationwide Building Society in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo LONDON (Reuters) – Britain’s Nationwide Building Society has told all its 13,000 office-based staff to work from anywhere in the country, in one of the clearest signs yet firms are making......

UPDATE 1-BBVA says commitment to Turkey unchanged, shares fall 6%

Reuters
(Adds details) MADRID, March 22 (Reuters) – Spain’s BBVA on Monday said its commitment to Turkey was unchanged despite a 15% decline in Turkey’s lira to a near all-time low after President Tayyip Erdogan’s ousting of a hawkish central bank governor. The sacking of Naci Agbal, appointed less than five......

UPDATE 1-China appoints new central bank monetary policy committee members

Reuters
(Adds detail, context) SHANGHAI, March 20 (Reuters) – China’s cabinet has appointed Cai Fang and Wang Yiming as new central bank monetary policy committee members, the country’s state council said in a statement on Saturday. Cai is an influential economist at the Chinese Academy of Social Sciences (CASS), a top......

Mastercard to delay card fee hikes until April next year

Reuters
FILE PHOTO: A Mastercard logo is seen on a credit card in this picture illustration August 30, 2017. REUTERS/Thomas White (Reuters) – Mastercard Inc has postponed plans for changes in interchange fee until April next year, the payments processor said in an emailed statement on Tuesday. Interchange fee is the......

Mizuho’s system failures erode customers’ trust, Japan finmin says

Reuters
TOKYO, March 16 (Reuters) – The repeated system failures at the main banking arm of Mizuho Financial Group Inc are a major problem that erodes customers’ trust, Japanese Finance Minister Taro Aso said on Tuesday. “Mizuho’s system failures over a short period of time are deeply regrettable,” he told reporters......

Apollo ends talks with Greensill Capital’s administrators – sources

Reuters
FILE PHOTO: Logo of Greensill Bank is pictured in downtown Bremen, Germany, March 10, 2021. REUTERS/Fabian Bimmer LONDON (Reuters) – U.S. private equity company Apollo Global Management has ended talks with the administrators of British financing company Greensill after a JPMorgan investment in Greensill’s technology partner, two sources familiar with......

GFG’s Gupta says seeking standstill with Greensill administrators

Reuters
FILE PHOTO: Logo of Greensill Bank is pictured in downtown Bremen, Germany, March 10, 2021. REUTERS/Fabian Bimmer LONDON (Reuters) – The GFG Alliance is holding talks with administrators of Greensill Capital, which filed for insolvency this week, on a standstill agreement, GFG’s head Sanjeev Gupta said on Friday. “We are......

Deutsche Bank CEO 2020 pay up 46% as bank turns profit

Reuters
FILE PHOTO: The logo of Deutsche Bank is pictured on a company’s office in London, Britain July 8, 2019. REUTERS/Simon Dawson FRANKFURT (Reuters) – Deutsche Bank paid chief executive Christian Sewing 7.4 million euros ($8.8 million) in 2020, a 46% increase from a year earlier, as the bank eked out......

Italy’s Cerved confirms sale talks of its debt collection arm

Reuters
March 7 (Reuters) – Italian credit group Cerved Group SPA confirmed sale talks of its debt collection arm in a statement on Sunday. The confirmation comes a day after Reuters reported about the company’s advanced discussions with U.S. investment firm Centerbridge for a deal. “Cerved Group S.p.A. confirms that negotiations......

UAE’s first independent digital banking platform launches

Reuters
DUBAI (Reuters) – The first independent digital banking platform in the United Arab Emirates launched on Sunday, a neobank hoping to become a leader in the Middle East, Africa and South Asia. Dubai-based YAP does not have a banking licence itself but has partnered with RAK Bank which provides international......

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