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May 24, 2022

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Sub-prime lender Amigo given lifeline by UK court

Reuters
by Reuters00
LONDON, May 23 (Reuters) – British sub-prime lender Amigo (AMGO.L) has been granted court approval to pay compensation to past customers mis-sold loans and a chance to stay in business and resume lending, the company said on Monday. Amigo has been fighting for its life in the courts for more......
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G7 agree on $18.4 bln to keep Ukraine running, ready with more

Reuters
by Reuters01
G7 agree $18.4 bln financing for Ukraine KOENIGSWINTER, Germany, May 19 (Reuters) – The Group of Seven’s financial leaders agreed on Thursday on $18.4 billion to help Ukraine pay its bills in coming months and said they were ready to stand by Kyiv throughout its war with Russia and do......
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Sri Lanka whisks former PM to naval base as troops patrol streets

Reuters
by Reuters01
Former PM Rajapaksa moved to naval base for his safety He will stay there for a couple of days, official says Parliament speaker to hold talks with lawmakers on way forward Central bank chief threatens to quit if no political solution WEERAKETTIYA, Sri Lanka, May 11 (Reuters) – Sri Lanka......
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Analysis: Banks face reversal of fortune from war and runaway inflation

Reuters
by Reuters01
New era of rising rates renews focus on lending risks Policymakers run recession gauntlet to curb inflation War, geopolitics threaten long-lasting economic pain LONDON/BERLIN, May 6 (Reuters) – Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank money......
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Musk to lead Twitter temporarily after $44 bln takeover – source

Reuters
by Reuters01
May 5 (Reuters) – Elon Musk is expected to become Twitter’s temporary CEO after closing his $44 billion takeover of the social-media firm, a person familiar with the matter said on Thursday, as the billionaire inches closer to securing funds for the deal. Musk, the world’s richest man, is also......
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UK consumer borrowing surge hints at cost-of-living crunch

Reuters
by Reuters01
UK consumer borrowing rises by 1.3 bln stg in March Marks strongest two months for lending since 2019 Borrowing could sign of cost-of-living squeeze Scant sign better-off households spending savings LONDON, May 4 (Reuters) – British consumers increased borrowing by the most in three years over February and March, according......
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Australia’s ANZ sees improved margins on rising rates, cash profit grows

Reuters
by Reuters01
The logo of the ANZ Banking Group is displayed in the window of a branch in central Sydney, Australia, Aprl 30, 2016. REUTERS/David Gray Register now for FREE unlimited access to Reuters.com Register H1 cash profit rises 4.1% Says on track to grow in line with peers by FY-end Grows......
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Japan PM agrees defence deal with Thailand

Reuters
by Reuters01
Leaders call for peaceful end to Ukraine crisis Japan a major investor, donor in Southeast Asia Japan to provide defence technology to Thailand BANGKOK, May 2 (Reuters) – The leaders of Japan and Thailand announced a new defence agreement on Monday as well as plans to upgrade their economic relations,......
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StanChart profit beats estimates, flags strong outlook on rising rates

Reuters
by Reuters00
A logo of Standard Chartered is displayed at its main branch in Hong Kong, China, Aug. 1, 2017. REUTERS/Bobby Yip Register now for FREE unlimited access to Reuters.com Register SINGAPORE/LONDON, April 28 (Reuters) – Standard Chartered (STAN.L) posted a forecast-beating 6% rise in first-quarter profit, sending its shares sharply higher,......
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World Bank readies Sri Lanka aid package, IMF calls loan talks ‘fruitful’

Reuters
by Reuters00
WASHINGTON, April 23 (Reuters) – The International Monetary Fund said on Saturday it held “fruitful technical discussions” with Sri Lanka on its loan request, while the World Bank said it was preparing an emergency aid package for the crisis-stricken country. Sri Lanka, an island country of 22 million people, is......
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Turkish cenbank revises reserve requirement regulations

Reuters
by Reuters00
A money changer counts Turkish lira bills at an currency exchange office in central Istanbul, Turkey, August 21, 2015. REUTERS/Murad Sezer/File Photo Register now for FREE unlimited access to Reuters.com Register ISTANBUL, April 23 (Reuters) – The Turkish Central Bank said on Saturday it revised regulations on banks’ reserve requirements,......
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G20 members condemn Russia’s war in Ukraine, after Yellen and others stage walkout

Reuters
by Reuters00
WASHINGTON/LONDON, April 20 (Reuters) – Top officials from Britain, the United States and Canada walked out on Russia’s representatives at a Group of 20 meeting on Wednesday and many members spoke to condemn Moscow’s war in Ukraine, exposing deep divisions in the bloc of major economies. Indonesian Finance Minister Sri......
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Sri Lanka says IMF to consider request for rapid aid

Reuters
by Reuters00
COLOMBO, April 19 (Reuters) – The International Monetary Fund will consider providing quick financial assistance to debt-burdened Sri Lanka following representations by India, Sri Lanka’s finance ministry said on Tuesday. A delegation headed by Sri Lanka’s Finance Minister Ali Sabry kicked off formal talks with the IMF in Washington on......
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Yellen to push institutions to scale up response to war-fueled food security crisis

Reuters
by Reuters00
WASHINGTON, April 18 (Reuters) – U.S. Treasury Secretary Janet Yellen will convene a high-level panel on Tuesday to discuss the global response to an ongoing food security crisis exacerbated by Russia’s war against Ukraine, the Treasury Department said in a statement. The meeting will include the heads of the International......
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StanChart cuts seven minnow businesses in Africa and Middle East

Reuters
by Reuters00
People walk past the head office of Standard Chartered bank in the City of London February 27, 2015. REUTERS/Eddie Keogh Register now for FREE unlimited access to Reuters.com Register StanChart to exit 7 countries, shrink in 2 Global banks withdrawing amid economic struggles StanChart to focus on bigger countries in......
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Asian shares track Wall Street higher as U.S. yields stabilise

Reuters
by Reuters00
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Japan’s Nikkei index and various countries’ stock market index prices outside a brokerage in Tokyo, Japan, February 22, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register BEIJING, April......
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IMF board approves new trust to help members deal with climate change, pandemics

Reuters
by Reuters00
The International Monetary Fund logo is seen inside its headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 13 (Reuters) – The International Monetary Fund’s executive board on Wednesday approved......
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World Bank preparing $1.5 billion aid package for Ukraine

Reuters
by Reuters00
A participant stands near a logo of World Bank at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo Register now for FREE unlimited access to Reuters.com Register April 12 (Reuters) – The World Bank is preparing a......
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Fintech Nubank nets $650 mln credit line for Mexico, Colombia expansion

Reuters
by Reuters00
The logo of Nubank, a Brazilian fintech startup, is pictured at the bank’s headquarters in Sao Paulo, Brazil June 19, 2018. REUTERS/Paulo Whitaker/File Photo Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, April 11 (Reuters) – Brazil’s Nubank , Latin America’s star fintech, is fueling its expansion......
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EXCLUSIVE Sri Lanka to seek $3 billion to stave off crisis

Reuters
by Reuters00
Seeks further $500 mln from India for fuel Government’s top priority is ensuring supply of essentials To raise taxes and fuel prices within six months COLOMBO, April 9 (Reuters) – Sri Lanka will need about $3 billion in external assistance in the next six months to help restore supplies of......
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