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November 30, 2021

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

Reuters
by Reuters00
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......
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Factors to watch – November 28

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

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

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

Reuters
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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......
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Evergrande dodges default again; property sector debt concerns linger

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

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

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

Reuters
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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......
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Air France-KLM sees positive earnings on transatlantic rebound

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

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

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

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

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

Reuters
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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......
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Fears grow for China Evergrande after interest deadline missed

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

Reuters
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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......
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SoftBank renews bet on Latin America with $3 bln fund

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

Reuters
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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......
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Lloyds restores dividend as profits rebound on sunnier outlook

Reuters
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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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