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EXCLUSIVE World Bank works to redirect frozen funds to Afghanistan for humanitarian aid only -sources

Reuters
A mother shops with her children at the market in Kabul, Afghanistan October 29, 2021. REUTERS/Zohra Bensemra/File Photo Register now for FREE unlimited access to reuters.com Register WASHINGTON, Nov 29 (Reuters) – The World Bank is finalizing a proposal to deliver up to $500 million from a frozen Afghanistan aid......

Factors to watch – November 28

Reuters
DUBAI, Nov 28 (Reuters) – Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Equities, oil prices, U.S. Treasury yields all drop on COVID variant fears Register now for......

U.N. warns of ‘colossal’ collapse of Afghan banking system

Reuters
UNITED NATIONS, Nov 22 (Reuters) – The United Nations on Monday pushed for urgent action to prop up Afghanistan’s banks, warning that a spike in people unable to repay loans, lower deposits and a cash liquidity crunch could cause the financial system to collapse within months. In a three-page report......

China Evergrande sells entire stake in streaming platform HengTen to ease debt burden

Reuters
The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song HONG KONG, Nov 18 (Reuters) – China Evergrande Group (3333.HK) is selling its entire stake in streaming services firm HengTen Network Group (0136.HK) to raise HK$2.13 billion ($273.5......

EXCLUSIVE U.S. asks Japan, China, others to consider tapping oil reserves -sources

Reuters
An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson WASHINGTON, Nov 17 (Reuters) – The Biden administration has asked some of the world’s largest oil consuming......

Evergrande dodges default again; property sector debt concerns linger

Reuters
Bondholders receive overdue coupon payments – source Chinese property shares, bonds stage relief rally Broader liquidity concerns remain, more debts coming due SINGAPORE/HONG KONG, Nov 11 (Reuters) – Cash-strapped developer China Evergrande Group once again averted a destabilising default with a last minute bond payment but the reprieve did little......

Investors await Evergrande’s overdue $148 million payment amid contagion fears

Reuters
A man rides an electric bicycle past the construction site of Guangzhou Evergrande Soccer Stadium, a new stadium for Guangzhou FC developed by China Evergrande Group, in Guangzhou, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo Nov 10 (Reuters) – The uncertainty ahead of Wednesday’s deadline for cash-strapped China......

China’s Oct new bank loans likely halve from prior month

Reuters
U.S. $100 banknotes and Chinese 100 yuan banknotes are pictured at a branch of a foreign bank in Beijing January 4, 2016. REUTERS/Kim Kyung-Hoon Oct new loans seen at 800 bln yuan vs 1.66 trln yuan in Sept Oct money supply growth seen at 8.3% y/y vs 8.3% in Sept......

China state council think-tank met developers, banks, says source, as debt woes mount

Reuters
The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter/File Photo SHANGHAI/BEIJING, Nov 9 (Reuters) – A think-tank of China’s powerful state council met real estate developers and banks in Shenzhen city, a source with direct knowledge of the meeting told Reuters, amid intensifying worries over......

Air France-KLM sees positive earnings on transatlantic rebound

Reuters
Forecasts core profit in Q4, FY Q3 core result swings to profit Rapid pickup in bookings on U.S. reopening Chipping away at its debt PARIS, Oct 29 (Reuters) – Air France-KLM (AIRF.PA) should return to core profit this year, the Franco-Dutch airline group said on Friday, after a rebound in......

China’s Modern Land misses bond payment; property shares drop

Reuters
Men work at the construction site of a highrise building in Beijing, China, October 18, 2021. REUTERS/Thomas Peter Modern Land cites liquidity issues for non-payment State planner, forex regulator meet with overseas issuers Hang Seng mainland property index falls more than 5% HONG KONG/SHANGHAI, Oct 26 (Reuters) – Modern Land......

EXCLUSIVE Turkey’s state banks likely to follow central bank and slash rates on Monday -sources

Reuters
A customer uses an automated teller machine at a branch of Halkbank in Istanbul August 15, 2014. REUTERS/Osman Orsal ISTANBUL, Oct 24 (Reuters) – Turkey’s state banks are expected to cut borrowing costs on loans by around 200 basis points on Monday, according to three people with knowledge of the......

EXCLUSIVE Italy and UniCredit close to ending talks over MPS sale-sources

Reuters
Banca Monte dei Paschi’s headquarters in Siena, Italy, October 27, 2017. REUTERS/Stefano Rellandini/File Photo Agreed to exclusive talks on July 29 Fail to bridge gap over MPS’ recapitalisation needs Framework studied for UniCredit could apply in standalone plan LONDON, Oct 23 (Reuters) – Italy’s government and UniCredit (CRDI.MI) are preparing......

EXCLUSIVE BOJ discussing phasing out pandemic support as economy reopens – sources

Reuters
Businessmen wearing protective face masks walk on a pedestrian bridge, amid the spread of the coronavirus disease (COVID-19), in a business district in Tokyo, Japan June 24, 2020. REUTERS/Issei Kato Markets expect extension of scheme’s March deadline Decision on pandemic loan programme due Dec at earliest Some fret of cost......

Evergrande set to miss second offshore bond coupon payment this month, sources say

Reuters
Some Evergrande bondholders had not received coupon on Wednesday Evergrande was facing Wednesday deadline for $47.5 mln payment Company sold $1.5 billion stake in Shengjing Bank Shares in Evergrande rise as much as 17% HONG KONG, Sept 29 (Reuters) – At least some of China Evergrande’s offshore bondholders had not......

Fears grow for China Evergrande after interest deadline missed

Reuters
Evergrande misses payment dedline on dollar bond interest Some bondholders have not been paid – sources Company has 30-day grace period before the bonds default PBOC injects cash into banking system; Evergrande shares fall SINGAPORE/SHANGHAI, Sept 24 (Reuters) – China Evergrande inched closer on Friday to the potential default that......

Evergrande bondholders run out of hope for coupon payment on Thursday -source

Reuters
Chairman reiterates top priority is to help investors Evergrande shares rise 18% boosting other property stocks Investors and analysts play down threat of ‘Lehman moment’ HONG KONG/SINGAPORE, Sept 23 (Reuters) – China Evergrande Group (3333.HK) dollar bondholders were still waiting for information about a key interest payment due Thursday, with......

SoftBank renews bet on Latin America with $3 bln fund

Reuters
SoftBank Corp’s logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon/File Photo SAO PAULO, Sept 14 (Reuters) – SoftBank Group Corp (9984.T) on Tuesday launched a $3 billion fund to invest in technology companies in Latin America in a bid to build on the......

India’s HDFC Bank sets ambitious target for card issuance, source says

Reuters
The headquarters of India’s HDFC bank is pictured in Mumbai, India, December 4, 2015. REUTERS/Shailesh Andrade/File Photo MUMBAI, Aug 18 (Reuters) – India’s most valuable lender HDFC Bank (HDBK.NS) has set out an ambitious plan to more than double monthly card issuance from September after the central bank lifted a......

Lloyds restores dividend as profits rebound on sunnier outlook

Reuters
H1 pretax profit 3.9 billion pounds Bank buys wealth platform Embark Dividend restored as bad loan fears recede LONDON, July 29 (Reuters) – Lloyds Banking Group (LLOY.L) swung to a first-half profit on Thursday and announced an interim dividend, boosted by a house-buying frenzy and improved economic outlook in Britain.......

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