SHANGHAI (Reuters) – Some Chinese state banks, such as Bank of China and Bank of Communications, will cut deposit rate ceilings on Monday, joining smaller lenders, sources told Reuters. The planned cuts come a week after regulators encouraged smaller banks to lower the ceiling for their deposit rates. The moves will also coincide with China’s…
TOKYO (Reuters) – China should take steps to soften the economic impact of COVID-19 and boost annual economic growth back above 5%, a top central bank official said on Sunday. Wang Yiming, a member of the Monetary Policy Committee of the People’s Bank of China, told an economic forum the effective management of macroeconomic policies…
TOKYO (Reuters) – China should take steps to soften the economic impact of COVID-19 and boost annual economic growth back above 5%, a top central bank official said on Sunday. Wang Yiming, a member of the Monetary Policy Committee of the People’s Bank of China, told an economic forum the effective management of macroeconomic policies…
OSLO (Reuters) -Norway’s $1.3 trillion wealth fund will vote next week to support top management at German drug and farm products maker Bayer AG, but will vote against the remuneration package of CEO Werner Baumann, it said on Sunday. Shareholders will vote on April 29 at Bayer’s annual general meeting on whether or not to…
WARSAW, Poland (AP) — The death toll from accidents in recent days at two coal mines in southern Poland has increased to nine after four miners were brought to the surface and pronounced dead, authorities said Sunday. The miners were among 10 missing since an underground tremor and methane gas discharge at the Borynia-Zofiowka mine…
By Aditi Shah NEW DELHI (Reuters) – Softbank-backed Ola Electric said on Sunday it will recall 1,441 of its electric scooters, weeks after one of its vehicles caught fire, prompting a government probe into the incident. Scooters involving Indian start-ups Okinawa and PureEV have also been involved in fires, in what some say could be…
PARIS (AP) — Paper ballots tucked in paper envelopes. No absentee voting, and no early voting either. French voters in Sunday’s presidential election are using and old-school system that has defied calls for more flexibility or modernization. As France’s 48.8 million voters are invited to choose between President Emmanuel Macron and his far-right challenger Marine…
ZURICH (Reuters) – Loss-making Credit Suisse could shake up senior management as new Chairman Axel Lehmann seeks to put the embattled Swiss bank back on stable ground, Swiss Sunday newspaper NZZ am Sonntag reported. Citing unnamed sources, the paper said Chief Legal Officer Romeo Cerutti, finance chief David Mathers, and Asia-Pacific regional boss Helman Sitohang…
LJUBLJANA, Slovenia (AP) — An opposition liberal party convincingly won Sunday’s parliamentary election in Slovenia, according to early official results, in a major defeat for populist Prime Minister Janez Jansa, who was accused of pushing the small European Union country to the right while in office. The Freedom Movement won nearly 34% of the votes,…
PARIS (AP) — French President Emmanuel Macron comfortably won a second term Sunday, triggering relief among allies that the nuclear-armed power won’t abruptly shift course in the midst of the war in Ukraine from European Union and NATO efforts to punish and contain Russia’s military expansionism. The second five-year term for the 44-year-old centrist spared…
