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October 22, 2021

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China Evergrande lines up funds for interest payment to avert default -source

Reuters
Evergrande remits funds for interest payment to trustee -source Company faced end of 30-day grace period for payment on Oct. 23 Evergrande shares jump, drive gains in other developers Next 30-day grace period expires Oct. 29 for Sept. 29 payment HONG KONG/SHANGHAI, Oct 22 (Reuters) – China Evergrande Group (3333.HK)......

Mexico launches reform to put state in charge of power market

Reuters
Bill aims to concentrate regulatory power with state Bill seeks to reserve future lithium extraction for the state Lopez Obrador faces challenge getting law through Congress MEXICO CITY, Oct 1 (Reuters) – Mexico’s leftist government on Friday pitched a constitutional reform to bolster state control of the electricity market, seeking......

British gas pumps still dry, pig cull fears grow

Reuters
A worker guides vehicles into the forecourt as they queue to refill at a fuel station in London, Britain, September 30, 2021. REUTERS/Hannah McKay Many gas stations still closed – Reuters reporters Britain says crisis stabilising More than a quarter of gas stations dry Pig cull fears: farmers warn butcher......

Powell: “Tension” between jobs, inflation is the chief challenge facing Fed

Reuters
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch/Pool via REUTERS Sept 29 (Reuters) – Resolving “tension” between high inflation and still-elevated unemployment is......

Britain has 10 days to save Christmas, retail sector says

Reuters
Retail industry warns of significant disruption Queues form at some petrol stations – Reuters reporters Britain to boost HGV driver testing British ministers to meet on easing rules Hauliers: there is no quick fix LONDON, Sept 24 (Reuters) – Britain’s retail industry warned the government on Friday that unless it......

Indonesia finmin warns of ripple effect from China’s Evergrande debt woes

Reuters
Indonesian Finance Minister Sri Mulyani wearing a protective mask reacts during an interview with Reuters at the Presidential Palace in Jakarta, Indonesia, November 13, 2020. REUTERS/Willy Kurniawan JAKARTA, Sept 23 (Reuters) – Indonesian authorities are monitoring the financial market situation in China, finance minister Sri Mulyani Indrawati said on Thursday,......

Italy working on measures to curb power prices – minister

Reuters
Electricity masts are seen at the sunset in Milan’s neighborhood, Italy, February 21, 2016. REUTERS/Stefano Rellandini/File Photo MILAN, Sept 16 (Reuters) – Italy will introduce short-term measures to offset the expected rise in retail power prices and is working on a longer-term reform of power bills, the energy transition minister......

China Evergrande onshore bond trading suspended after downgrade

Reuters
The China Evergrande Centre is seen in Hong Kong, China. August 25, 2021. REUTERS/Tyrone Siu Hengda bonds suspend trading for 1 day after CCXI downgrades Suspension points to higher chance of default – analysts Recovery ratio expected to be low – fund managers HONG KONG/SHANGHAI, Sept 16 (Reuters) – China......

China radio, TV body to strengthen regulation on cultural programmes, salaries

Reuters
BEIJING, Sept 2 (Reuters) – China’s National Radio and Television Administration said in an online notice on Thursday that it will strengthen regulation over cultural programmes, cracking down on what it deems unhealthy content as well as stars’ salaries and tax evasion. Actors and guests should be encouraged to participate......

Buffett-backed Nubank to seek IPO valuation of over $55 bln -sources

Reuters
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 BANGALORE/SAO PAULO, Aug 25 (Reuters) – Brazil’s Nubank is seeking a valuation in its planned U.S. initial public offering that would push the eight-year-old fintech past the......

Maersk orders eight vessels able to run on carbon-neutral methanol

Reuters
Shipping containers are transpoted on a Maersk Line vessel through the Suez Canal in Ismailia, Egypt July 7, 2021. REUTERS/Amr Abdallah Dalsh COPENHAGEN, Aug 24 (Reuters) – The world’s largest container shipping firm A.P. Moller-Maersk (MAERSKb.CO) said on Tuesday it had ordered eight vessels which are able to run on......

Appeals court rejects latest bid to halt U.S. eviction moratorium

Reuters
WASHINGTON, Aug 20 (Reuters) – A federal appeals court on Friday rejected a bid by groups representing landlords to halt the latest moratorium on residential evictions imposed by President Joe Biden’s administration, setting up a U.S. Supreme Court showdown. In a written order, the U.S. Court of Appeals for the......

U.S. Supreme Court lifts New York’s pandemic-related eviction ban

Reuters
Aug 12 (Reuters) – The U.S. Supreme Court on Thursday lifted New York state’s ban on residential evictions during the COVID-19 pandemic, handing a victory to a group of small landlords that challenged a moratorium that had been slated to expire on Aug. 31. The justices granted an emergency request......

Amazon scores big win as India court stalls Future’s $3.4 bln retail deal

Reuters
NEW DELHI, Aug 6 (Reuters) – India’s top court on Friday handed Amazon.com Inc (AMZN.O) a major victory in a dispute where it sought to block its partner Future Group from selling $3.4 billion in assets to rival Reliance Industries (RELI.NS). The outcome of the tussle involving two of the......

Tencent tumbles after Chinese media calls online gaming “spiritual opium”

Reuters
A Tencent logo is seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2020. REUTERS/Tingshu Wang/File Photo SHANGHAI, Aug 3 (Reuters) – Shares of online gaming companies, including Tencent Holdings Ltd (0700.HK) and NetEase Inc (9999.HK), tumbled on Tuesday......

Spike Lee accidentally announces “Titane” as Palme d’Or winner at Cannes

Reuters
PARIS, July 17 (Reuters) – “Titane”, a wildly imaginative film about a serial killer by young French director Julia Ducournau won the Palme d’Or for Best Picture at the Cannes Film Festival, jury head Spike Lee told the ceremony before the prize was due to be revealed. In a moment......

China’s crude oil runs hit record highs in June

Reuters
Oil tankers are seen at a terminal of Sinopec Yaogang oil depot in Nantong, Jiangsu province, China June 11, 2019. REUTERS/Stringer June crude throughput 14.8 mln bpd, vs May’s 14.25 mln bpd Crude oil output in June 16.67 mln T, up 2.8% on yr ago Natural gas production at 17.2......

China Jan-June crude imports fall, first H1 drop since 2013

Reuters
Oil tankers are seen at a terminal of Sinopec Yaogang oil depot in Nantong, Jiangsu province, China June 11, 2019. REUTERS/Stringer BEIJING/SINGAPORE, July 13 (Reuters) – China’s crude oil imports in the first half fell 3% from a year earlier, the first contraction for the first six months of a......

China says will conduct cyber security investigation on Zhipin.com, Huochebang and Yunmanman

Reuters
A man walks past a sign of Huochebang or Truck Alliance, an app for truck services, in Guiyang, Guizhou province, China January 16, 2018. REUTERS/Stringer BEIJING, July 5 (Reuters) – China’s cyberspace administration said on Monday it will conduct a cybersecurity investigation into online recruiting company Zhipin.com, and truck-hailing companies......

Lebanon parliament approves cash subsidy costing $556 mln annually

Reuters
BEIRUT, June 30 (Reuters) – Lebanon’s parliament on Wednesday approved cash payments for poor families, to cost $556 million annually, a member of parliament told Reuters, planned as a step that would allow the curbing of a $6 billion subsidy programme for basic goods. Parliament also instructed government to issue......

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